Chapter 1688: 1688
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Warren Buffett, in Omaha, Nebraska, watched the TV interview live with a solemn face.
When Andy Smith said "he would like to publish that article in a few months later", his calm heart was full of ripples, and his expression became more and more solemn and his brow was frowned.
The finger slightly quivered twice, picked up the phone on the desk and called out, "old man, are you looking at Andy Smith's interview?"
。。。。。。
“。。。 I just want to tell everyone, don't let your spirit go bankrupt! "
At this time, in the Oval Office of the White House, aoguanhai sat on his desk, and the sofas on both sides were full of his economic advisers. Watching Andy Smith's serious expression on TV, he was slightly moved by this sentence.
"If you declare spiritual bankruptcy, you will lose everything." It's the words of the son of oil tycoon Rockefeller who encouraged investment failure. It's also a well-known famous saying used as encouragement by all Americans.
On Sunday morning, March 8, viewers of NBC's today show across the United States sat quietly in front of the television, listening to the economic view of creating 10 billion yuan, the youngest super rich in the shortest time in this century.
“。。。 As I said, for stock investors, when they are in a slump, it seems that they are a pair of twins who are always tormenting us to strengthen their investment information and overcome their fear.
However, it's true that this kind of thing is very simple to say, "well, next time the stock market falls, I will ignore the pessimistic news, and I will take the opportunity to bargain for some oversold stocks."
But it's not easy, because every crisis seems to be more serious than the last one. It's more and more difficult to ignore the pessimistic news.
So, it's more important to be confident than anything!
You may be the most powerful financial analyst or stock valuation expert in the world, but if you don't have confidence, you will easily believe the pessimistic forecast of those news reports, and throw it out in panic in the stock market
In the face of chatting and controlling the interview rhythm, Matt Raul, as the ace host, is helpless. Although he dare not seize the dominant power, he can't let the boss talk to himself all the time, which is really scum by seconds.
"Mr. Smith, what do you mean by confidence? After all, in the face of the current stock market, no confidence can resist the panic of decline. " Andy was interrupted, not unhappy, but was very appreciative of matraul's response and timing. After all, it was an interview, not his speech by Andy Smith.
"This confidence is that we always believe that the United States will continue to exist and develop, that people will continue to live a normal life, and that when we start to wear pants in the morning, we will first wear one leg and then another leg, and that companies that produce pants will continue to make money for shareholders..."
When Andy said these words, his hands crossed with his fingers spread out, his brow picked slightly, and he used a slightly joking tone, which not only made matraul who heard the words chuckle, but also made the staff on the scene chuckle.
And all the viewers in front of the TV are amused by Andy's humorous words, and can't help but relax.
Andy saw that the effect was achieved. He raised his voice slightly and continued. “。。。 I believe that old enterprises will lose their vitality and be eliminated, and Wal Mart, FedEx, apple and other dynamic enterprises will replace them.
Believe that the American people are a hard-working and creative people!
I even believe that even for those yuppies, despite their well paid professional work and rich material lifestyle, if they are lazy and don't work hard, they will be severely criticized. "
" I believe that! " Matraul was also bewitched by Andy's words, not to mention the American people in front of the TV. I don't know how many families, like the Olympic sea view in the Oval Office of the White House at that time, can't help cheering up this inspiring words.
"Ha ha, as for the fact that your confidence can't resist the panic caused by the continuous decline of the stock market, it doesn't matter to me!" Andy's unconcerned look and easy hand waving make everyone uneasy. After all, the collapse of the United States makes people sleepless every day.
"I'm not kidding. It's no surprise that the stock market is down." Andy shows his hand slightly, his mouth is raised and he shrugs. He says in a light voice: "because this kind of thing always happens again and again, just like the winter in Minnesota comes again and again, isn't it a common thing?
If you live in a cold climate, you have long been used to it. You have long predicted that there will be a temperature drop to the point when it can freeze. When the outdoor temperature drops below zero, you will not panic and think that the next ice age is coming, right?
At that time, you will wear an overcoat and sprinkle some salt on the sidewalk to prevent freezing... So easy, everything is done, and you will comfort yourself like this. If winter comes, will spring be far behind? By then it will be warm again! "Andy's simple and easy to understand metaphor, so that the audience in the United States are immersed in meditation, but there is a little doubt in the heart, TV host Matt Raul asked everyone's voice.
"Mr. Smith, seasonal changes are regular, and the panic over the stock market is precisely because it's unpredictable..."
When asking this question, matraul suddenly realized that he had screwed it up. NIMA, there was no such one in the previous questions. He was used to asking the guests...
At the moment, other staff also realized that there was an accident, and they all looked at the big boss who was still calm and indifferent.
Andy was suddenly pressed by matraul, and he was slightly stunned, but only recovered in a moment, and with the answer, he gave matraul a reassuring look.
"OK, we can't predict the trend of the stock market in the future, but there are some rules that can be followed. Let's not say what the rules are. I want to tell everyone some data first. In the 70 years when the stock investment returns beat other investment varieties, the U.S. stock has experienced 40 times of over 10% plunges.
Of the 40 big falls, 13 were terrifying ones, down more than 33%. One of them was the biggest one ever. The stock market crash from 1929 to 1933 Speaking here, Andy pauses a little. In order to increase his persuasiveness, he directly uses the public relations skills that he learned in the hearing. His speaking speed slows down and his words are clear, leaving a pause time for people to think.
"I believe that the painful memories left by the 1929 stock market crash are extremely heavy, far more than other factors, and even make millions of investors turn away from the stock market and into the bond market and the money market.
Although 60 years later, this super stock disaster still makes people full of fear of the stock market, even our generation has heard about the changes of stock market for people who could only understand through books in 1929.
If the reason for staying away from the stock market is that investors suffer from a kind of post crash trauma syndrome, then the economic cost is too high.
What's worse, after the famous stock market crash in 1929, the Great Depression came one after another, so people associated the stock market crash with the economic collapse. It is still believed that a stock market crash will lead to an economic collapse.
This misconception has long been ingrained in the public mind, although it turned out not to be so.
For example, the stock market crash in 1972 can be compared with that in 1929. It is very serious, but it did not cause economic collapse. And the 1987 stock market crash didn't have an economic collapse. "
When talking about this, Andy stops suddenly, and changes his comfortable sitting posture, sits up straight, looks sharp and bright at the camera lens, and says solemnly: "maybe there will be a bigger stock market crash in the future, but since I can't predict when it will happen, and as far as I know, there is no one investment expert in the world who can guarantee it If we can predict, how can we imagine that each of us can be prepared in advance to avoid the crash?
Imagine that in 40 stock market crashes in the past 70 years, even if 39 of them were predicted in advance and sold all the stocks before the crash, wouldn't you regret it? You should know that even if it is the stock disaster with the largest decline, the stock price will eventually rise back, and rise even higher! You left the stock market for fear of panic...
This is only the 14th time in history. There is nothing to make a fuss about.
So, since this kind of stock market callback is inevitable, it will happen in a period of time, why panic?
Do you think so?
Failure is a learning experience. You can make it a tombstone or a stepping stone. How to choose is up to you! "
Please report us if you find any errors so we can fix it asap!
Warren Buffett, in Omaha, Nebraska, watched the TV interview live with a solemn face.
When Andy Smith said "he would like to publish that article in a few months later", his calm heart was full of ripples, and his expression became more and more solemn and his brow was frowned.
The finger slightly quivered twice, picked up the phone on the desk and called out, "old man, are you looking at Andy Smith's interview?"
。。。。。。
“。。。 I just want to tell everyone, don't let your spirit go bankrupt! "
At this time, in the Oval Office of the White House, aoguanhai sat on his desk, and the sofas on both sides were full of his economic advisers. Watching Andy Smith's serious expression on TV, he was slightly moved by this sentence.
"If you declare spiritual bankruptcy, you will lose everything." It's the words of the son of oil tycoon Rockefeller who encouraged investment failure. It's also a well-known famous saying used as encouragement by all Americans.
On Sunday morning, March 8, viewers of NBC's today show across the United States sat quietly in front of the television, listening to the economic view of creating 10 billion yuan, the youngest super rich in the shortest time in this century.
“。。。 As I said, for stock investors, when they are in a slump, it seems that they are a pair of twins who are always tormenting us to strengthen their investment information and overcome their fear.
However, it's true that this kind of thing is very simple to say, "well, next time the stock market falls, I will ignore the pessimistic news, and I will take the opportunity to bargain for some oversold stocks."
But it's not easy, because every crisis seems to be more serious than the last one. It's more and more difficult to ignore the pessimistic news.
So, it's more important to be confident than anything!
You may be the most powerful financial analyst or stock valuation expert in the world, but if you don't have confidence, you will easily believe the pessimistic forecast of those news reports, and throw it out in panic in the stock market
In the face of chatting and controlling the interview rhythm, Matt Raul, as the ace host, is helpless. Although he dare not seize the dominant power, he can't let the boss talk to himself all the time, which is really scum by seconds.
"Mr. Smith, what do you mean by confidence? After all, in the face of the current stock market, no confidence can resist the panic of decline. " Andy was interrupted, not unhappy, but was very appreciative of matraul's response and timing. After all, it was an interview, not his speech by Andy Smith.
"This confidence is that we always believe that the United States will continue to exist and develop, that people will continue to live a normal life, and that when we start to wear pants in the morning, we will first wear one leg and then another leg, and that companies that produce pants will continue to make money for shareholders..."
When Andy said these words, his hands crossed with his fingers spread out, his brow picked slightly, and he used a slightly joking tone, which not only made matraul who heard the words chuckle, but also made the staff on the scene chuckle.
And all the viewers in front of the TV are amused by Andy's humorous words, and can't help but relax.
Andy saw that the effect was achieved. He raised his voice slightly and continued. “。。。 I believe that old enterprises will lose their vitality and be eliminated, and Wal Mart, FedEx, apple and other dynamic enterprises will replace them.
Believe that the American people are a hard-working and creative people!
I even believe that even for those yuppies, despite their well paid professional work and rich material lifestyle, if they are lazy and don't work hard, they will be severely criticized. "
" I believe that! " Matraul was also bewitched by Andy's words, not to mention the American people in front of the TV. I don't know how many families, like the Olympic sea view in the Oval Office of the White House at that time, can't help cheering up this inspiring words.
"Ha ha, as for the fact that your confidence can't resist the panic caused by the continuous decline of the stock market, it doesn't matter to me!" Andy's unconcerned look and easy hand waving make everyone uneasy. After all, the collapse of the United States makes people sleepless every day.
"I'm not kidding. It's no surprise that the stock market is down." Andy shows his hand slightly, his mouth is raised and he shrugs. He says in a light voice: "because this kind of thing always happens again and again, just like the winter in Minnesota comes again and again, isn't it a common thing?
If you live in a cold climate, you have long been used to it. You have long predicted that there will be a temperature drop to the point when it can freeze. When the outdoor temperature drops below zero, you will not panic and think that the next ice age is coming, right?
At that time, you will wear an overcoat and sprinkle some salt on the sidewalk to prevent freezing... So easy, everything is done, and you will comfort yourself like this. If winter comes, will spring be far behind? By then it will be warm again! "Andy's simple and easy to understand metaphor, so that the audience in the United States are immersed in meditation, but there is a little doubt in the heart, TV host Matt Raul asked everyone's voice.
"Mr. Smith, seasonal changes are regular, and the panic over the stock market is precisely because it's unpredictable..."
When asking this question, matraul suddenly realized that he had screwed it up. NIMA, there was no such one in the previous questions. He was used to asking the guests...
At the moment, other staff also realized that there was an accident, and they all looked at the big boss who was still calm and indifferent.
Andy was suddenly pressed by matraul, and he was slightly stunned, but only recovered in a moment, and with the answer, he gave matraul a reassuring look.
"OK, we can't predict the trend of the stock market in the future, but there are some rules that can be followed. Let's not say what the rules are. I want to tell everyone some data first. In the 70 years when the stock investment returns beat other investment varieties, the U.S. stock has experienced 40 times of over 10% plunges.
Of the 40 big falls, 13 were terrifying ones, down more than 33%. One of them was the biggest one ever. The stock market crash from 1929 to 1933 Speaking here, Andy pauses a little. In order to increase his persuasiveness, he directly uses the public relations skills that he learned in the hearing. His speaking speed slows down and his words are clear, leaving a pause time for people to think.
"I believe that the painful memories left by the 1929 stock market crash are extremely heavy, far more than other factors, and even make millions of investors turn away from the stock market and into the bond market and the money market.
Although 60 years later, this super stock disaster still makes people full of fear of the stock market, even our generation has heard about the changes of stock market for people who could only understand through books in 1929.
If the reason for staying away from the stock market is that investors suffer from a kind of post crash trauma syndrome, then the economic cost is too high.
What's worse, after the famous stock market crash in 1929, the Great Depression came one after another, so people associated the stock market crash with the economic collapse. It is still believed that a stock market crash will lead to an economic collapse.
This misconception has long been ingrained in the public mind, although it turned out not to be so.
For example, the stock market crash in 1972 can be compared with that in 1929. It is very serious, but it did not cause economic collapse. And the 1987 stock market crash didn't have an economic collapse. "
When talking about this, Andy stops suddenly, and changes his comfortable sitting posture, sits up straight, looks sharp and bright at the camera lens, and says solemnly: "maybe there will be a bigger stock market crash in the future, but since I can't predict when it will happen, and as far as I know, there is no one investment expert in the world who can guarantee it If we can predict, how can we imagine that each of us can be prepared in advance to avoid the crash?
Imagine that in 40 stock market crashes in the past 70 years, even if 39 of them were predicted in advance and sold all the stocks before the crash, wouldn't you regret it? You should know that even if it is the stock disaster with the largest decline, the stock price will eventually rise back, and rise even higher! You left the stock market for fear of panic...
This is only the 14th time in history. There is nothing to make a fuss about.
So, since this kind of stock market callback is inevitable, it will happen in a period of time, why panic?
Do you think so?
Failure is a learning experience. You can make it a tombstone or a stepping stone. How to choose is up to you! "
Warren Buffett, in Omaha, Nebraska, watched the TV interview live with a solemn face. When Andy Smith said "he would like to publish that article in a few months later", his calm heart was full of ripples, and his expression became more and more solemn and his brow was frowned. The finger slightly quivered twice, picked up the phone on the desk and called out, "old man, are you looking at Andy Smith's interview?" I just want to tell everyone, don't let your spirit go bankrupt! " At this time, in the Oval Office of the White House, aoguanhai sat on his desk, and the sofas on both sides were full of his economic advisers. Watching Andy Smith's serious expression on TV, he was slightly moved by this sentence. "If you declare spiritual bankruptcy, you will lose everything." It's the words of the son of oil tycoon Rockefeller who encouraged investment failure. It's also a well-known famous saying used as encouragement by all Americans. On Sunday morning, March 8, viewers of NBC's today show across the United States sat quietly in front of the television, listening to the economic view of creating 10 billion yuan, the youngest super rich in the shortest time in this century. As I said, for stock investors, when they are in a slump, it seems that they are a pair of twins who are always tormenting us to strengthen their investment information and overcome their fear. However, it's true that this kind of thing is very simple to say, "well, next time the stock market falls, I will ignore the pessimistic news, and I will take the opportunity to bargain for some oversold stocks." But it's not easy, because every crisis seems to be more serious than the last one. It's more and more difficult to ignore the pessimistic news. So, it's more important to be confident than anything! You may be the most powerful financial analyst or stock valuation expert in the world, but if you don't have confidence, you will easily believe the pessimistic forecast of those news reports, and throw it out in panic in the stock market In the face of chatting and controlling the interview rhythm, Matt Raul, as the ace host, is helpless. Although he dare not seize the dominant power, he can't let the boss talk to himself all the time, which is really scum by seconds. "Mr. Smith, what do you mean by confidence? After all, in the face of the current stock market, no confidence can resist the panic of decline. " Andy was interrupted, not unhappy, but was very appreciative of matraul's response and timing. After all, it was an interview, not his speech by Andy Smith. "This confidence is that we always believe that the United States will continue to exist and develop, that people will continue to live a normal life, and that when we start to wear pants in the morning, we will first wear one leg and then another leg, and that companies that produce pants will continue to make money for shareholders..." When Andy said these words, his hands crossed with his fingers spread out, his brow picked slightly, and he used a slightly joking tone, which not only made matraul who heard the words chuckle, but also made the staff on the scene chuckle. And all the viewers in front of the TV are amused by Andy's humorous words, and can't help but relax. Andy saw that the effect was achieved. He raised his voice slightly and continued. I believe that old enterprises will lose their vitality and be eliminated, and Wal Mart, FedEx, apple and other dynamic enterprises will replace them. Believe that the American people are a hard-working and creative people! I even believe that even for those yuppies, despite their well paid professional work and rich material lifestyle, if they are lazy and don't work hard, they will be severely criticized. "" I believe that! " Matraul was also bewitched by Andy's words, not to mention the American people in front of the TV. I don't know how many families, like the Olympic sea view in the Oval Office of the White House at that time, can't help cheering up this inspiring words. "Ha ha, as for the fact that your confidence can't resist the panic caused by the continuous decline of the stock market, it doesn't matter to me!" Andy's unconcerned look and easy hand waving make everyone uneasy. After all, the collapse of the United States makes people sleepless every day. "I'm not kidding. It's no surprise that the stock market is down." Andy shows his hand slightly, his mouth is raised and he shrugs. He says in a light voice: "because this kind of thing always happens again and again, just like the winter in Minnesota comes again and again, isn't it a common thing? If you live in a cold climate, you have long been used to it. You have long predicted that there will be a temperature drop to the point when it can freeze. When the outdoor temperature drops below zero, you will not panic and think that the next ice age is coming, right? At that time, you will wear an overcoat and sprinkle some salt on the sidewalk to prevent freezing... So easy, everything is done, and you will comfort yourself like this. If winter comes, will spring be far behind? By then it will be warm again! "Andy's simple and easy to understand metaphor, so that the audience in the United States are immersed in meditation, but there is a little doubt in the heart, TV host Matt Raul asked everyone's voice. "Mr. Smith, seasonal changes are regular, and the panic over the stock market is precisely because it's unpredictable..." When asking this question, matraul suddenly realized that he had screwed it up. NIMA, there was no such one in the previous questions. He was used to asking the guests... At the moment, other staff also realized that there was an accident, and they all looked at the big boss who was still calm and indifferent. Andy was suddenly pressed by matraul, and he was slightly stunned, but only recovered in a moment, and with the answer, he gave matraul a reassuring look. "OK, we can't predict the trend of the stock market in the future, but there are some rules that can be followed. Let's not say what the rules are. I want to tell everyone some data first. In the 70 years when the stock investment returns beat other investment varieties, the U.S. stock has experienced 40 times of over 10% plunges. Of the 40 big falls, 13 were terrifying ones, down more than 33%. One of them was the biggest one ever. The stock market crash from 1929 to 1933 Speaking here, Andy pauses a little. In order to increase his persuasiveness, he directly uses the public relations skills that he learned in the hearing. His speaking speed slows down and his words are clear, leaving a pause time for people to think. "I believe that the painful memories left by the 1929 stock market crash are extremely heavy, far more than other factors, and even make millions of investors turn away from the stock market and into the bond market and the money market. Although 60 years later, this super stock disaster still makes people full of fear of the stock market, even our generation has heard about the changes of stock market for people who could only understand through books in 1929. If the reason for staying away from the stock market is that investors suffer from a kind of post crash trauma syndrome, then the economic cost is too high. What's worse, after the famous stock market crash in 1929, the Great Depression came one after another, so people associated the stock market crash with the economic collapse. It is still believed that a stock market crash will lead to an economic collapse. This misconception has long been ingrained in the public mind, although it turned out not to be so. For example, the stock market crash in 1972 can be compared with that in 1929. It is very serious, but it did not cause economic collapse. And the 1987 stock market crash didn't have an economic collapse. " When talking about this, Andy stops suddenly, and changes his comfortable sitting posture, sits up straight, looks sharp and bright at the camera lens, and says solemnly: "maybe there will be a bigger stock market crash in the future, but since I can't predict when it will happen, and as far as I know, there is no one investment expert in the world who can guarantee it If we can predict, how can we imagine that each of us can be prepared in advance to avoid the crash? Imagine that in 40 stock market crashes in the past 70 years, even if 39 of them were predicted in advance and sold all the stocks before the crash, wouldn't you regret it? You should know that even if it is the stock disaster with the largest decline, the stock price will eventually rise back, and rise even higher! You left the stock market for fear of panic... This is only the 14th time in history. There is nothing to make a fuss about. So, since this kind of stock market callback is inevitable, it will happen in a period of time, why panic? Do you think so? Failure is a learning experience. You can make it a tombstone or a stepping stone. How to choose is up to you! "
