🌹Buffett's classic quotes + Teaching of the Chen Theory diagram explanation, Lesson 20👇

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1. Risk comes from not knowing what you are doing.
2. Make sure to invest within the limits of your understanding.
3. As long as you are not too eager for quick success, reasonable investments can make you very wealthy.
4. If you've played cards for half an hour and still don't know who the newbie is, then you are.
5. Do not invest in a business that even a fool can do, because one day fools will do it too.
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🌹6. If you are a duck in a pond, and due to the heavy rain the water level rises, you start to float in the world of water, but at this moment you think it is you who is rising, not the pond.
7. Only when the tide goes out will you know who has been swimming naked.
8. I am not trying to jump over a 7-foot high barrier; what I am looking for everywhere is a 1-foot high barrier that I can cross.
9. The market is a wealth redistribution system. It takes money from those who lack patience and distributes it to those who are patient.
10. For most investors, what matters is not how much they know, but how to properly deal with what they do not understand.
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A distinguished enterprise can anticipate what might happen in the future, but it does not necessarily know when it will occur. The focus needs to be on what to prioritize, rather than when to do so. If the judgment on what is correct, then there is no need to worry about when.
12. For your circle of competence, the most important thing is not the size of the circle, but how you can determine the boundaries of that circle. If you know where the boundaries of your circle of competence lie, you will be much wealthier than those whose circles are five times larger than yours but do not know where the boundaries lie.
13. If you are on the wrong path, running won't help.
14. If there is a secret to investing, it is to choose the best investment timing.
15. In life, if you choose your heroes correctly, you are lucky. I suggest all of you to pick a few heroes as best as you can.
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🌹16. Many things can be profitable to do, but you must stick to doing only what is within your ability; we have no way to take down Tyson.
17. I never intend to make a profit the day after buying stocks,
18. If a dog is counted with its tail, how many legs does it have in total?
19. Never expect to stop a rogue from deceiving you when dealing with them.

#sol# #virtual# #sui# #eth# #btc#