Chapter 628: Warren Buffett's way of investing
Who is Warren Buffett?
I'm afraid that people who don't speculate in stocks also know the name of Warren Buffett.
In 2008, Buffett's personal wealth once surpassed Bill and became the richest man in the world.
Although the name of the richest man is still Bill, Warren Buffett is also a stock god, and he is still ranked among the top ten richest people in the world. As such a global financial tycoon, Zhang Ning really didn't expect that he would meet him. didn't expect that Buffett was still the business tycoon who supported him.
"Hello, are you Mr. Buffett?"
"Yes, I think, you must be classmate Zhang Ning?"
"Yes, I didn't expect that the one who raised millions of dollars for me was actually you."
"Hehe, I just think your idea is very good. According to your idea, I believe that sooner or later, you will be able to raise $10 million, and I will only help you achieve it soon. Oh, and congratulations on joining the Phoenix Club, a club that has the potential to be so powerful that even the presidents of the United States have been impressed. If you can have a good relationship with the whole club, I believe it will do you no good. β
"Thanks, it's just that I don't seem to be welcome at the Phoenix Club right now. Of course, I don't really want to join the Phoenix Club. As for why I joined, I just wanted to see if I was able to do it. β
"Haha, classmate Zhang Ning, your ability is very good, don't doubt it. By the way, are you interested in working in this area of investment at Berkshi? β
"You're talking about stock speculation?"
"No, no, no, Zhang Ning, I never speculate in stocks, I only do investment."
Warren Buffett shook his head, "Stock speculation is just done by ordinary people, and they will never understand the real relationship between stock speculation and investment." β
Zhang Ning seems to understand whether he understands or not, no wonder countless people in later generations have studied Buffett and said that they should speculate on stocks with investment ideas, but who of them knows that Buffett has never speculated in stocks, he only invests. Although it seems that investing is the same as stock trading, it is all about buying stocks, but their essential meaning is completely different.
However, Zhang Ning does not have much interest in investing in finance for the time being.
Although he also likes to invest, his investment is only in those companies with potential. Moreover, most of the investments are in Internet companies. Because Zhang Ning understands these companies and knows the future potential of these enterprises. However, if you change to a company that you have never heard of and ask Zhang Ning to invest, Zhang Ning will definitely not.
"I majored in computer science, and I didn't know much about investment."
Investing is a university question.
This science is even more advanced than computer technology.
A company that has never been famous, how to determine that it can be listed in the future, or that it has the potential to surpass others in the future. This requires a unique business vision and professional investment skills. In this regard, Zhang Ning can't catch up with Buffett even if he lights the lantern.
"No, it's okay, I can teach you."
Buffett smiled very friendly, seemed to be very interested in Zhang Ning, and kept staring at Zhang Ning's eyes.
"Teach me?"
Zhang Ning seemed to hear some meaning from this sentence, "Do you want to take me as an apprentice?" β
"Haha, we don't have a heritage of accepting apprentices in the West, but I'd love to be your teacher."
"Oh my God......"
Zhang Ning couldn't believe it.
"Well, Mr. Buffett, you're kidding, I don't think I'm good at anything."
"No, no, no, from the fact that you can break a record that Harvard hasn't broken in hundreds of years, it's proven that you're talented. Just say that your barter model is actually an investment. Also, I heard that the jackpot of 101 bets a few days ago is also related to you. I decided that even if you didn't learn about investing, you would be a genius in the investment world in the future. β
"Oh my God, Mr. Buffett, I'll have to explain the jackpot, that's what I guessed. In fact, I've bought dozens of draws before, not to mention the jackpot, and I haven't even won a single number. Now you tell me to buy a lottery ticket again, and if I can win the fifth prize, God willing. That jackpot, it was all luck, I swear, absolutely luck. β
Although Zhang Ning developed that prediction software.
But Zhang Ning still feels that the jackpot is a very, very large element of luck.
It's just that Warren Buffett doesn't seem to think so, "Sometimes, investing also requires luck." Even, in my opinion, luck accounts for a much larger proportion than investing in this technology. β
"Well, Mr. Buffett, you're not kidding, are you?"
"Haha, classmate Zhang Ning, how could I be joking. Many times others will think this about what I say, for example, I never speculate in stocks, only do investment, and others have always understood the opposite. Also, the luck I just mentioned. I can say that in these decades of investment career, although I am called the god of stocks, I would like to say that the biggest credit should be attributed to my good luck in the past few decades. β
Warren Buffett said seriously.
"Classmate Zhang Ning, you know Soros."
"I know this person, he is as famous as you in finance, he takes the opposite path to you, you are investing, he is speculating. But I didn't know him. β
"It's okay, it doesn't matter if you don't know him, you'll know if you've heard his name. And, as you say, he is on par with me. When it comes to technology, I'm not as good as Solo. Just as he was able to successfully snipe the British pound back then, and even use some small events to change the economic shape of the whole world, in this regard, I am far inferior to him. However, why is Soros's technology stronger than mine, and his wealth is less than half of mine? β
"This ......"
Zhang Ning was asked by Buffett and didn't know how to answer.
Indeed, although Soros is as famous as Buffett, his personal wealth is not much, far less than Buffett's.
"Mr. Buffett, his is speculation, yours is investment, and investment is of course more profitable."
"Wrong, who said that investing is more profitable than speculating? Soros makes no less money for others than I do. β
"Then why has his personal wealth always been lower than yours, and moreover, it is much lower."
"Let's go back to the previous topic, luck."
Buffett mentioned luck again.
"Perhaps, you still won't agree with me at this point. However, it's true. If I hadn't bought Coca-Cola stock back then, then today's stock god would not be my Warren Buffett. Also, there are many companies that I invest in every year, but not every company I invest in will do well. If it weren't for the fact that there are some excellent companies in these companies, I'm afraid Warren Buffett wouldn't be me. β
Zhang Ning was a little dumbfounded when he heard it, "Buffett's remarks have completely subverted his understanding of investment. β
PS: Sorry, I had a colonoscopy at the People's Hospital yesterday. Today Xiaobai has returned, recovering fΓΉ update.