#Buffett's inspiration

The longer I invest or trade, the more I feel that my circle of competence is very limited

I used to hold a large position in Moutai in the A-share market, but recently I have begun to increase my layout in Tesla; the longer I am in the capital market, the more I like this kind of "gorilla assets"; indeed, I have tried many martial arts from various schools.

However, I still think that most industries and corporate business models are too general. It is so difficult to have insights into some industries and companies and hold on to them.

Last week, I talked with the owner of a Swiss whiskey Appenzell tavern about "seeking truth from facts" and "On Practice"; my lifelong mentors in this regard are Lao Ba, Li Lu, and Teacher A Duan.

Indeed, in the process of investment, it may be a flash of inspiration, but the real understanding of the business company's products is a long process.

"Seeking truth from facts" requires a lifetime of practice and understanding.