To Forge Ahead And Not To Be Afraid Of Difficulties As Long As We Choose Not To Give Up, What Is The Failure?

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Great times are created by us, great things are built by us, great mistakes are committed by us, small faults, everyone has...

Correct it, throw it away, go right in the right direction, advance bravely, and we will reach Everest.

The era we face is unprecedented, and we cannot imagine the information society and intelligent society. The aircraft carrier HUAWEI just set sail needs thousands of heroes to paddle.

The responsibility to shoulder the destiny of the times has fallen on our shoulders.

The great men of any era are in tribulation.

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Ore does not turn into steel naturally. It is to burn in flames, to remove slag, and to suffer from thought. Other people's reproach will promote the flames.

Shortcomings and mistakes are the scum of our bodies. We can become great warriors if we remove them.

In the great historical juncture of the great era, we should go ahead with it, surpass it, shoulder heavy responsibilities, and turn towards the bright and move towards the right direction. We are proud and proud of being a great company.

Never forget self criticism. The core of Moore's law is self criticism. We must sublimate ourselves in ideology and culture through self criticism and self iteration, and go step by step to practice Moore's law of life.

Our future is bright. Our path may be hard and hardship. We are confident in the road of reform.

Long live a hero, long live youth, dare to correct mistakes and shortcomings, youth will last forever.

A paragraph for investors

1. we will never guarantee how much investment will be paid to partners.

Partners extract 0.5% of capital each month, and what they do is to recover capital.

If we earn more than 6% per year, it will be sufficient to recover the demand for capital and increase the principal.

If you earn less than 6% of the investment in a year, you will get some or all of your money from the principal every month.

2. if a year's investment return is less than 6%, the partners who draw money every month will receive less money next year than before.

3. when we talk about annual profit and loss, the market value of assets is the same as the market value of assets at the end of the year and the ratio at the beginning of the year.

This may not be related to the realized investment profit and loss in the same year.

4. is our performance good or bad? It is not based on the year's profit or loss, but on the basis of the performance of the stock market or major investment companies reflected by the Dow Jones index.

If we perform better than these benchmarks, we will do well whether we earn or lose.

If we are not as good as these benchmarks, we should lose eggs.

5. to judge the investment performance, I think it is best to look at the figures for 5 years, or at least 3 years.

Our performance is doubtless sometimes inferior to that of the Dow Jones index.

If more than 3 years of investment performance is not as good as the market, then we should all find a way out for the capital, unless the stock market is a bull market in those 3 years, and the market has risen sharply under the promotion of speculative capital.

6. my job does not include predicting stock market or economic fluctuations.

If you think I have this ability or think it is necessary for business investment, you should not join this partnership business.

7. I can not assure the partners of the investment performance, but I can assure and promise:

A. our investment objective is to see the value of assets, not their popularity.

B. We are able to minimize the risk of permanent loss of funds, rather than short-term market capitalization, by achieving substantial margin of safety in each investment and diversifying investment.

C. my wife, my children and I will invest almost all of the wealth in this partnership.

Those who were invited to the Omaha club had signed a partnership agreement that night, and Buffett took their checks.

When new partners join, everyone gets a detailed description of the investment principle, and each partner receives the latest version every year.

In the ensuing days, Buffett wrote about his investment activities and performance by writing letters to a limited but growing number of partners.

He regards letter writing as an educational tool to elaborate on and emphasize the concept behind investment principles, and to discuss his anticipation of future performance and comment on the market environment.

It was written once in the first year, but because many partners complained for a long time, he began writing at least once every six months.

These "partnership letters" record Buffett's investment ideas, methods and reflections, and when he finishes his partnership business, he immediately starts running a well known Berkshire Hathaway company.

During this period, he made unprecedented investment achievements. Although he expected that there would be long and short quotes in investment, he thought that in the 3-5 years period, 10 percentage points higher than the Dow Jones index could be achieved most of the time, and this was also the goal he set.

However, he performed much better: he continued to beat the market and did not lose a year.

Many years of Buffett's best investment performance were in the early days.

The 30 most classic quotations of Buffett

1. if you play cards for half an hour and still don't know who is the rookie, then you are.

2. the starting point of life is not so important. What matters is where it finally arrived.

The 3. big wave receded to know who was swimming naked.

4. no matter how talented you are or how hard you work, some things just take time.

If nine women are conceived at the same time, the child will not be born in a month.

5. never ask the barber if you need a haircut.

6. when you are busy with what you want, you have no time to worry about what you do not want.

7. how much wealth you can accumulate in your life does not depend on how much money you can earn, but depends on how you invest in your finances. Money seeks people to win money, and you know how money works for you, not your work for money.

8. partners are the biggest investments in life.

If you are wrong in choosing a partner, you will lose a lot, not just money.

9. if you are on the wrong road, running is useless.

10. I am a realist. I like what I do at present and I always believe in it.

As a thoroughly realist, I am only interested in reality and never have any illusions, especially for myself.

11. if you don't want to own a stock for ten years, don't consider having it for ten minutes.

12. others agree or oppose. They should not be the reason for you doing the right thing or wrong.

13. money is not a very important thing, at least it can not buy health and friendship.

14. the stupidest thing in the world is to see a stock price go up and decide to invest in a stock.

15. the first principle of investing in stocks: don't lose money.

16. when buying stocks, it should be assumed that the stock market will be closed for 3-5 years starting tomorrow.

17. when I find myself in a cave, the most important thing is to stop digging.

18. the best deals, from the beginning, almost tell you not to buy from the numbers.

19. investment is not a person with an intelligence quotient of 160. It will definitely beat the game of 130 of IQ.

20. our job is to focus on what we know, which is very, very important.

21. the chain of habit is always so light that it is hard to detect before it breaks.

22. investment results are not as important as Olympic diving competitions. The difficulty of investing in a simple and competitive enterprise is not much less than that of a constantly changing and complex enterprise that you are struggling to analyze.

23. in marathon, the first prerequisite is to run the whole race.

24. the reason why I have today's investment success is to rely on my self-discipline and others' stupidity.

25. in order to swim fast, tidal power is better than hand stroke.

26. if there is nothing worth doing, do nothing.

When 27. talks with business school students, I always say that when they leave school, they can make a card with 20 holes.

Every time they make an investment decision, they make a hole in it.

Those who play fewer holes will be rich.

28. a horse that can count to 10 is an outstanding horse -- but not a mathematician.

29. it takes 20 years to win a good reputation, and 5 minutes to destroy it.

If you understand this, you will do something differently.

30. as long as investors can avoid big mistakes, they rarely need to do anything else.