[Don’t estimate the bottom in a bear market, and don’t estimate the top in a bull market. Revealing Soros’ Three Laws of Investment]
In 2010, the second year of Bitcoin’s creation block, the second year of quantitative easing in the United States, and the second year of Dragon Country’s 4 trillion liquidity, “super predator” Soros visited the University of Hong Kong and attended a symposium to discuss investment Stock picking experience.
1. Wait for the price and sell: "You can buy when you see signs of asset bubbles, and sell when the bubble matures."
This is the characteristics and sense of smell of super predators. What they need is to make trouble and finally go crazy, but do not need too much time and patience. This is not the case in the 1997 Asian crisis.
2. Technical defects: "It is easier to predict the emergence of bubbles, but it is difficult to estimate when the bubble will burst."
As the saying goes: "In a bear market, don't estimate the bottom; in a bull market, don't estimate the top." Let alone a bubble market, don't bet on psychological games with speculators. The final expansion of asset bubbles, hedge funds or international hot money, comes and goes quickly, leaving you little time and space to think.
3. Go with the trend: "If you can predict the market trend correctly, you can speed up the progress of the relevant trend, but you cannot change the market direction."
This is the basic judgment of trend analysis. The direction of the market is not dependent on people's will. Hedge funds can add fuel to the flames, but they cannot change the direction of the market. Therefore, when the stock market or property market prices rise sharply during the bubble period, you should be vigilant. This may be the final madness.
★New strategy original additions:
1. The consistent attributes of the financial investment market: the bull market is just a beautiful bubble, it comes brilliantly but goes dimly. Don't talk about value, value is just the coat of bubbles.
2. Learn to use the thinking of bankers and hot money: pulling up is just following the trend and adding fuel to the flames. We never dominate the trend, we only need to follow it. Because rising is a process of accumulation of emotions, grasping emotions can grasp the trend. Extreme emotions often have reverse trends.
3. Regarding beliefs and consensus: You should not be emotionally attached to any product in the short term. It is just an investment target. At the right price, you must choose to leave the market. But in the long run, its value is a reflection of market empathy and a stack of desires. If you also have faith and consensus in it, then all you need is patience.
