In fact, there are so many books, too many official languages, and there is no practical significance.

first, personally, it is the most important point that value investment should study the fundamentals of the company to see if the company has high growth. High growth means that the company has strong development potential and profitability. Naturally, it can bring you rich returns.

second, the fundamentals are good, and there is growth, but it depends on how the company pays dividends. Do you make value investment? The main thing is to eat the premium and dividends brought by the company's growth. From a long-term perspective, if the company's share price has been stable at a certain level, but it can give high dividends every year, then the company should be a good, penniless miser. Anyway, I am not very optimistic.

Third, the selected company must be able to understand itself, and the industry must also be able to understand it. Don't be ambiguous. It is luck to buy stocks that you don't understand. I agree with Buffett very much.

fourthly, look at the relevant concepts, market atmosphere and relevant policies. You may find that sometimes the fundamentals of the company are very good, but it just doesn't go up very much, which may be because the concepts, atmosphere and policies are not recognized. The most obvious point is that the blue chips in banking and insurance last year were influenced by the concepts and atmosphere. This is not the most important thing, but it is possible to find a better entry price in the right reality.

Fifth, we should have enough patience. How many people have been holding stocks like Maotai, Wuliangye and Yunnan Baiyao for a long time, but they have no patience to throw them out quickly. No matter how good the company is, you can't hold it. In the final analysis, it is still the operating idea of short-term band. It is good to make some money, otherwise it is likely to cause losses.