"The principles of life and work shared by Rui Dalio in this book helped him grow from a child of an ordinary middle-class family to one of the most successful people of our time-anyone can achieve his life goals by applying these principles." Whether it is true or not, at least explore the importance of principles with the authors of famous school graduates!
"The pricing method I use is different from what I learned in economics class. In class, supply and demand are measured by the quantity of goods sold. I found that it is a much more practical way to measure demand by the amount paid (rather than the number of goods purchased) and to investigate who buyers and sellers are and why they buy and sell. "
"Nothing is certain: there is always a risk that you will lose a lot, even in the seemingly safest bet, so you'd better always assume that you haven't seen everything."
"When I think about this problem, an idea comes to my mind. From an economic point of view, a chicken can be regarded as a simple machine, which contains a chicken and its feed. The most worrying and fluctuating cost for chicken producers is the cost of feed. I showed Rennes how to use a combination of grain futures and soybean meal futures to lock in costs, so that it can make a fixed offer to McDonald's. 1922
"Although I made a lot of money when the price of silver rose to $1, I still regret that I missed the rush for $5. But at least, by quitting, I made sure I didn't lose money. In every investor's career, there are moments of anxiety. Your expectations for the future are inconsistent with what really happened. You don't know whether you are facing a huge opportunity or a catastrophic mistake. Because I have a strong tendency to "see right but stop early", I prefer to believe that this is right. .
"The principles of life and work shared by Rui Dalio in this book helped him grow from a child of an ordinary middle-class family to one of the most successful people of our time-anyone can achieve his life goals by applying these principles. I found that if you want to pursue Excellence, you must challenge your own limits, and challenging your own limits may bring you down, which will cause great pain. You will feel that you have failed, but this is not necessarily a failure unless you give up yourself. Believe it or not, but then your pain will gradually dissipate, and you will have many other opportunities in the future, even though you may not be able to see them clearly at that time. "
Ridario was born in an ordinary family. He didn't study well and was impetuous and active when he was a student, but he found his "true love"-investment company through his later efforts. Rui selflessly shared his investment ideas, from investing in Xiaobai to experiencing various ups and downs and obstacles. However, Rui was good at statistics, analyzing algorithms and verifying the results, and finally tried to sort out an almost flawless optimized portfolio. Although many can't understand it, try your best to see it. (to be continued)