THE RATIONAL INVESTOR

Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

October 07, 2010

Basic Approach

Spend 99% time to find one or two great company that can be the next Baidu, QQ.
(study companies that growed 20 or more times in history, and study companies that didn't)
Ignore the fluctuate that can cause the price to drop 50%
Independent thinking using your own judgement and invert thinking.
(How to fail in the market?)

Transcation: only do 1 or 2 times in a year, to buy or to sell.
Wait until the price is reasonable or down 50%

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