(The text is also dense)

01. A good chess player, "There is no master in everything"

When I saw the title, I thought this was a book called For a book that teaches people how to get rich, I read the preface with the words: "I dedicate this book to you who are willing to get rich slowly." This idea became more solid, but... it ended up becoming a book rich in life philosophy. A warm book.

The ancients said: Those who are good at fighting do not have great achievements, and those who are good at medicine do not have a brilliant name.

That is to say, a person who really knows how to fight will not have a prominent reputation, because he is fully prepared for the upcoming war, and even takes precautions before it happens. Even if a war breaks out, he will strike with one blow. That is to say, it will not evolve into a fierce war, and it will not become famous because of the victory in the fierce battle.

Similarly, doctors who are truly skilled in medicine have taken timely precautions against patients who may be suffering from diseases. Naturally, minor illnesses have disappeared and serious illnesses have become minor, so there will be no chance of becoming famous by rescuing terminally ill patients. .

What about value investing? This book tells you that there is no magic trick for everything.

"No one has a good move" comes from the chess terminology: "Those who are good at chess have no good move".

That is to say, for a person who knows how to play chess, you will often not be able to see that magical move that kills you or turns the tide in a whole game of chess. Because he has already laid out the overall plan and strategized.

This book "The Master of Everything" is a book about value investing, but it is not only about it. It also talks about professional investment, habitual investment, and life through many articles. investment, etc.

The author Liu Hong is the CEO of Wind, the strongest private equity fund company in three years, and a stable female private equity fund manager on the private equity ranking network. Experienced 5 bull and bear cycles and 26 years of investment experience.

02. About this book and the author

"There is no Master in Everything" is Liu Hong's 26 years of investment insights. Liu Hong pursues snowball-style balanced value investment and has strong ability to build cost-effective portfolios; He has won many industry awards including the 2nd "New Wealth Private Equity Investment Manager".

This book *** is divided into four parts: earning ten thousand taels of gold; reading ten thousand books; understanding ten thousand principles; and traveling ten thousand miles.

Each part is like the title, "Tianwanliangjin" talks about the mentality, norms, skills and perceptions of value investment.

"Reading Ten Thousand Volumes of Books" talks about the author's experiences and insights gained through reading, combining investment and life.

"Enlightenment of Ten Thousand Thousand Principles" is about some gains and insights in work and life.

"Traveling Ten Thousand Miles" is a travel guide with the highest income and cost-effectiveness compiled from the perspective of value investors.

This article only interprets my two favorite parts, "earning ten thousand taels of gold" and "reading ten thousand volumes of books", for the benefit of readers.

As a big shot in the industry, Teacher Liu Hong practices the "three sentences of staying true to one's own profession" even better, but her insistence on staying true to one's profession is not obvious, but a subtle and subtle way of doing things. Sneaking into the spring rain of the night, amid thousands of insights, I inadvertently picked up some knowledge and experience about Lu Bao and value investment.

03. Part One: A Thousand Liang of Gold

This part includes 18 articles, from the investment mentality to the investment norms, systems and foresight. Investment is not speculation, it requires Be fully prepared but don’t keep a normal mind, and achieve the unity of knowledge and action

In this part, the author has unreservedly contributed his many years of experience through more than a dozen articles. This experience is not an actual professional skill, but a weight for long-term success as a professional engaged in investment funds.

The author is involved in many things, not only reading and yoga, but even likes to watch fighting and draws nourishment from all aspects.

For example, the book mentioned that the author and his daughter watched Meng Bo, a female athlete from the Tiger King Fighting Training Center in Xi'an, compete in the ONE Championship in Singapore. Meng Bo ended the game in 86 seconds and won the championship because of Meng Bo's punch. KO opponent, "I haven't seen it clearly yet, is this a win?!"

Afterwards, reporters interviewed Meng Bo. Meng Bo said with great ease that this game was similar to her original expectations, which is exactly what happened. In line with the words on the wall of the coaching team, "Train hard, play easy."

Yes, champions always favor those self-disciplined people who train hard every day, rather than speculators who sharpen their guns before the battle.

"One minute on stage, ten years off stage" is like this in the competition, and the same is true in investment.

Investment is not speculation and cannot be achieved overnight. Only long-term investment can lead to long-term profits.

Just like what a friend said about Liu Hong: No matter what she does, whether she does yoga or learns martial arts, it has only one purpose, which is to serve her investment.

With such concentration, what can’t be done successfully? "Xing Xing Chuang Yuan" refers to a person who can focus on one thing and do it to the extreme.

When most of us encounter problems at work, we often think of choosing a quick solution instead of the best or most suitable one; sometimes we even think of it as a quick solution. The problem is hidden and there is no way to deal with it. At the last moment, we rush to find a solution.