I am a person who plays leading stocks all the year round, which is not unusual. It is the game you despise the most, a game of getting rich slowly, but finally realizing transformation. Are you staring at the market every day, chasing up and down, but you can't beat this old aunt? I think 99.99% of retail investors have none!

They are all first-line blue chips and heavyweights, and PetroChina is still a net-breaking stock. Why not go up? What is the difference? Let me briefly say that there is an important logic in this, that is, the former is in a period of development and the latter is in a period of decline.

And medical treatment is the most potential track in the future. An oil industry is facing not only the substitution of new energy, but also its own shareholding structure. Petrochina should not only look at low prices, because there are many shares, Changchun does not look at high prices, and there are few shares! So we can't say that 500 yuan is overvalued and 4 yuan is underestimated. It's either stupid to look at the stock price without looking at the share capital!

PetroChina, the market has never underestimated it. Can its market value of 760 billion be underestimated? Why is there such a high market value? 2 yuan has overestimated it. The market value of Changchun is 654.38+09 billion, only about 654.38+0 of that of PetroChina.

Some people ask why PetroChina does not go up. If it rises by 10 times, it will become 40 yuan with a market value of 7.6 trillion. Do you think A shares belong to PetroChina? At present, the total market value of the two cities is only 80 trillion!

Looking at the performance, the listing of PetroChina is the peak. Over the years, it's getting worse every year. Just didn't fall to 2 yuan, respect the face of shareholders behind. This broken performance is not even as good as small-cap junk stocks with a market value of billions!

Finally, talk about expectations. Where are the expectations? A sunset industry. Do you think I'm stupid when you talk about the future with me?

It also simply explains the logic of value investment. In fact, a company with a daily profit of 65.438 billion yuan is worthless. A bank with an annual profit of 300 billion is not as valuable as a small enterprise with a profit of 30 million!

Because the profit of 30 million yuan is only a few billion market values, if it is doubled to 65.438+0 billion, how much imagination is there for the stock price? 300 billion is just a number, marking time every day, and no growth is retrogression!

For example, the market value of Changchun before 10 was only a few trillion. At that time, PetroChina could exchange hundreds of Changchun.

In fact, there have been similar statistics abroad before, which seems to be an authoritative organization. The study is the income of the fund. In the end, the person with the highest income will either buy the fund and forget it, or die or be stupid. ...

This realistic data tells us that living people, if you are a little emotional, it is difficult to make a good deal. Therefore, Fan Xiao admires Buffett and Munger most, not because of their trading level, but because of their mentality.

Stock trading is a place where cognition can be realized, but sometimes cognition can't be realized, and the integration of knowledge and practice is equally important. How to achieve the unity of knowledge and practice is to overcome the weakness of human nature.

This is a basic cognition. Just because you don't admit it doesn't mean you are right. ...