The author Lin Maochang is a value investor, so if you want to make value investment and long-term investment, then this is a must-read book for you! This book breaks through a misconception that you may also have: "The stock market is a zero-sum game." You can think about it. In the stock market, is it true that one person makes one dollar more, but the other person makes less?
In fact, it is not like this! We buy stocks to buy a real company, no matter how complicated the process is, and the company will use the funds you invest to produce products or serve customers, and the company earns part of the remuneration and then distributes it to shareholders. In simple terms, real stock investment is not that one person's profit is equal to another person's loss, but a win-win situation."Zhenghe Game, Unlimited Game"。
Value investment is really boring, but it is really effective! As long as the fundamentals are good, the stock price will be profitable (but if it is expensive to buy, the risk will be a little higher). And the low stock price is even better to buy. What this book wants to convey is that a good company that can survive a stock market crash will have a blessing if it survives a catastrophe!
So summarize this book in one sentence: "There are so many investment schools in the stock market, but none of them can accurately predict the lowest stock price, so we can choose our favorite or suitable investment method and practice it."
