Today, I read a very interesting passage in Buffett's letter to shareholders.

"Because the purchase price is low, we don't need to squeeze out all the money to get a super high rate of return. This is the cornerstone of our investment philosophy: "Don't expect to sell well. As long as the purchase price is low enough, even if the selling price is very mediocre, you can get good investment returns. Selling well is just icing on the cake."

In sharp contrast to this is another commonplace often mentioned in stock investment: those who know how to buy are apprentices, and those who know how to sell are masters!

I now increasingly believe that Buffett's views are correct. The decision to buy is much more important than the decision to sell. Good value investment can even buy without considering selling for a long time.#巴菲特 $BTC $BNB