Whether an investment can stand the test of time is a question every investor must answer. "Stock trading" is an authoritative witness to the time concept and investment concepts of many Chinese investors, and it seems to be a unique Chinese term. The concept of stock trading is deeply rooted in the hearts of the people in China. One of the most embarrassing questions I encounter is that people often ask me, do you trade in stocks?
Stock trading means: You can't stop the operation for a moment, otherwise the stock will become yellow and then become muddy. There is a sentence in a popular folk song that identifies the common misfortune of many Chinese people: "Become a shareholder by speculating in stocks." According to the concept of stock trading, those great value investors are the most unfortunate in the world, because they buy stocks just to be shareholders. However, this time perspective of stock traders is very expensive, and it also costs stock traders a huge price.
Everyone's view of life is that the longer the better. Great investors even find ways to make their investments outlast their own lives. For conservative value investors, the appreciation of investment is realized through time, and the return on investment is directly proportional to the length of time. The longer time passes, the more wealth will increase. In the eyes of conservative investors, investing is simple, make the right investment decision and leave the rest to time. The longer the time, the more value is added. Some things in the world need to be fast, such as a 100-meter race; some things need to be slow, such as investing. If you blindly pursue quick investment, you will be further away from the goal.
As Confucius said, "If you don't want speed, you won't see small gains. If you want haste, you won't achieve anything. If you see small gains, you won't achieve great things." ("The Analects of Confucius·Zilu") Simply pursuing speed will fail to achieve the goal. If Confucius wanted to invest, I guess he was also a conservative value investor. Time is the most fair and all investments must face the test of time. If you trust time, time will reward you. The realization of return on investment ultimately depends on time.
Time is the helper of correct investment, and time is the enemy of incorrect investment. Stock traders do not trust time and feel that the longer the time, the greater the risk and the long nights and dreams, so it is better to settle for safety or to take action. Value investors who buy and hold for the long term trust time and regard time as their best friend. In the words of Mills, it is: "until death do us part."
Stock traders are seizing the day, while investors are taking their time. Therefore, from the perspective of conservative value investors, the safest and most realistic investment method is to make time your most powerful ally. Only choosing to invest in excellent companies that can stand the test of time is the key to successful investment. In the words of Mr. Dan Bin, investing means discovering excellent companies, buying them at low prices, holding them for a long time, entrusting time to accumulate wealth for yourself, and letting the roses of time bloom slowly!