投資第一課: 認識市場先生
簡單說, 就是千萬不要--心隨境轉! 隨境而轉的名為意識之心, 識心自盜家寶, 滅汝清淨自性, 實為內賊!
同學要了悟真心, 可以參考看看巴菲特是怎麼降伏其心的.
INTRODUCING MR. MARKET
To show his students how powerfully emotions are tied to stock market fluctuations, and to help them recognize the folly of succumbing to
emotion, Graham created an allegorical character he named “Mr. Market.” Buffett has frequently shared the story of Mr. Market with Berkshire’s shareholders.
Imagine that you and Mr. Market are partners in a private business. Each day without fail, Mr. Market quotes a price at which he is willing to
either buy your interest or sell you his. The business that you both own is fortunate to have stable economic characteristics, but Mr. Market’s quotes are anything but. For you see, Mr. Market is emotionally unstable. Some days, he is cheerful and enormously optimistic, and can only see brighter days ahead. On these days, he offers a very high price for shares in your business. At other times, Mr. Market is discouraged and
terribly pessimistic; seeing nothing but trouble ahead, he quotes a very low price for your shares in the business.
Mr. Market has another endearing characteristic, Graham said: He does not mind being snubbed. If Mr. Market’s quotes are ignored, he will be back again tomorrow with a new quote. Graham warned his students that it is Mr. Market’s pocketbook, not his wisdom, that is useful. If Mr. Market shows up in a foolish mood, you are free to ignore him or take advantage of him, but it will be disastrous if you fall under his influence.
“The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage,” Graham wrote. “That man would be better off if his stocks had no market quotation at all,
for he would then be spared the mental anguish caused him by other persons’ mistakes of judgment.”
To be successful, investors need good business judgment and the ability to protect themselves from the emotional whirlwind that Mr. Market unleashes. One is insufficient without the other. An important factor in Buffett’s success is that he has always been able to disengage
himself from the emotional forces of the stock market. He credits Ben Graham and Mr. Market with teaching him how to remain insulated from the silliness of the market.
原帖由 mikeon88 於 2013-6-19 07:28 發表
Roland 於 2013/6/19 上午3:31 寫道：
Michael桑,
有一事請教不知方便不?我剛報名7月新竹班,也收到您寄的盈再表,因為最近在陪老婆做試管所以無法提早上課.因為之前都是我太太在買股票,又是獨買鴻海150張,累 ...
