Li Jian: A large number of mediocre operations are useless; only a few outstanding actions can change the fate.

Li Jian: A large number of mediocre operations are useless,

Only a few outstanding actions can change destiny.

There was a popular term called “The Era of Urgency.”

Capitalism has gone through a process of over a hundred years,

China caught up in just a few decades,

Because of the rapid development,

It has caused people to have a "hurried life,

Hasty pursuits,

An anxious mindset."

Because of impatience,

We often feel “itchy hands,”

With great enthusiasm,

But lack patience,

Operate very frequently,

Yet think insufficiently.

As the author said,

In investment, a large number of mediocre operations are futile,

Casual and reckless actions are very harmful,

Only a few outstanding operations can change lives.

Ancient saying: "Learning is like a bow and arrow,

Talent is like an arrowhead."

It means one must have profound knowledge and accumulation,

Only when opportunities come,

Dare to place big bets.

Looking back on our lives,

The road may be long,

Experiences many,

But at critical moments, only a few key steps matter.

Those who handle critical moments best will have the most successful careers; looking back at the friends we have made,

Although the number is as numerous as stars in the sky,

Only a few truly have a major impact on our lives.

Knowing how to select a few close friends who benefit most in life and work,

Can lead to happiness and joy; the same applies to investment,

No matter how many operations there are,

The few major actions that can truly change one’s fate are limited… The difference between successful and unsuccessful investors is simply that,

The former consciously thinks hard,

Pursues major opportunities or the best investment methods,

While the latter wastes youth in aimless,

Frequent minor opportunities and insignificant operations.

We often see such cases in investment: some friends are always troubled before festivals or holidays over trivial issues like whether to hold stocks or cash; some friends spend a long time pondering over a few cents difference when buying or selling stocks;

Some have been short-term trading in the stock market for over twenty years,

Gaining and losing,

Never owning a stock that has increased tenfold in ten years,

Yet complain about the market and curse their luck,

Still are retail investors; some friends have been involved in commodity futures for over ten years,

Tense and exhausting,

But always making and losing money,

Physically and mentally exhausted yet accomplishing nothing.

They are very persistent,

And diligent,

But unwilling to think,

Unwilling to change!

Two examples left the deepest impression on me:

One is during daily gatherings with friends,

Someone always asks you to recommend stocks,

But is too lazy to listen to investment philosophies and methods.

In fact,

Without mastering the correct investment methods,

Even if you get a recommended stock,

It cannot fundamentally change your fate,

But good investment philosophies and methods can make a person wealthy for life and influence future generations;

The second is during daily investment discussions,

Someone always cares about and predicts tomorrow’s rise or fall,

But whether tomorrow goes up or down is actually insignificant for investors,

What truly affects their performance and survival is whether their stocks are from excellent companies,

And whether the purchase price is very low.

Amidst these reflections,

I can’t help but call out: before operating,

Think more about your current behaviors,

Your current operations,

Your current choice of investment products,

Especially the investment methods you choose now,

Is there a possibility to change your fate? If they are irrelevant to the big picture,

Then don’t spend too much effort.

Especially when you clearly know,

That certain ideas or operations are just for trivial gains.

It’s better to scratch the brain than to itch the hands,

Better to satisfy the mind than the skills.

Investors should spend most of their time on learning,

Researching, and waiting,

When they find an investment method or target that can change their fate,

They should act decisively like a crocodile lurking in the water, suddenly leaping out.

Or,

Once they catch a potentially fate-changing big prey,

They must hold on tightly,

Persist to the end.

Investors should dedicate their time, energy,

Courage, talent,

Vision, and wisdom,

To major operations that could alter their future destiny.

Just like in life, when you strive to prepare for college entrance exams,

Seek a partner,

Choose a career,

Maintain health, and so on,

These major actions can change your life in one stroke.

Buffett, in his early years, was not satisfied with buying “cigarette butt” stocks under his teacher,

Repeatedly pondering what the best investment method is,

Ultimately changed his fate,

And became the world’s most successful investment master; before Soros launched his classic attack on the British pound,

He planned meticulously,

Re studied repeatedly,

Balanced between long and short,

Attacked and defended,

Finally won one billion dollars in a single day,

Creating a legendary chapter in investment history;

Duan Yongping, during the Nasdaq internet bubble burst,

When people were extremely fearful and disgusted with internet stocks,

Carefully considered the stock of NetEase, which had fallen below one dollar,

Bravely organized millions of dollars to buy heavily,

And patiently held on when profits were high,

Eventually made a name for himself,

Completing a splendid transformation from an outstanding entrepreneur to an investor;

Lin Senchi, in the 1980s, identified that the US 30-year Treasury yield exceeding twenty percent was a rare opportunity,

Repeatedly studied and spent countless words to raise a million dollars,

Writing a classic in investment history; Liu Yuansheng, upon discovering that the Vanke legal person shares he was reluctant to hold were actually excellent corporate equity,

Clung to them for over twenty years,

A musician defeated many investment professionals,

Writing a myth in the stock market.

Even seemingly simple but well-thought-out investment actions can have far-reaching impacts.

In fact,

We often obtain investment methods and advice that can change our fate from various channels.

If we look carefully,

Even the most ordinary stocks or mutual fund investments,

Persisting can lead a young person to great success; if we listen carefully,

The voices of investment masters always echo in our minds,

Like "Be fearful when others are greedy,

Be greedy when others are fearful" and “Hold growth stocks long-term and sleep peacefully”…

Following these will surely bring endless benefits.

A large number of mediocre operations are useless,

Casual and reckless actions are very harmful,

Only a few outstanding operations can change lives.