American Fortune Life

? In Omaha, Nebraska, Warren Buffett watched the live interview on TV with a solemn expression.

When Andy Smith said the words "he would prefer to publish that article a few months later", his calm heart couldn't help but rippling, his expression became more dignified, and his brows frowned.

His fingers trembled twice, he picked up the phone on the desk and dialed, "Old man, are you watching the interview with Andy Smith?"

. . . . . .

"...I just want to tell everyone, don't let your spirit go bankrupt!"

At this time, in the Oval Office of the White House, Ao Guanhai was sitting on his desk, and the sofas on both sides were full of his economic advisers, watching Andy Smith’s serious expression on TV, because of this sentence at this moment They all appeared slightly moved.

"If you declare mental bankruptcy, you will lose everything." This is what the oil tycoon Rockefeller said to encourage the son of investment failure, and it is also a well-known famous saying for encouragement that all Americans are familiar with.

On March 8th, this Sunday morning, the audience watching NBC's "Today Show" interview across the United States sat quietly in front of the TV, listening to the economic point of view of creating the youngest super rich worth tens of billions in the shortest time in this century .

"... As I said, for stock investors, whenever there is a sharp drop, firm investment information and overcoming fear seem to be a pair of twin flowers, tormenting us forever.

But, indeed, it’s easy to say, “Well, next time the stock market falls, I’m going to ignore the pessimistic news, and I’m going to take the opportunity to buy some oversold stocks.”

But it won't be easy, because each crisis looks worse than the last, and it's getting harder and harder to ignore the downbeat news.

Therefore, firm confidence is more important than anything else!

You may be the most powerful financial analysis expert or stock valuation expert in the world, but if you don't have confidence, you will easily believe the pessimistic predictions of those news reports, and panic and sell in a panic in the stock market. . . "

Facing the boss who talks eloquently and controls the rhythm of the interview, as the ace host Matt Lauer, he feels very helpless in his heart. Although he dare not take the initiative, but he can't let the boss chatter endlessly. It was turned into slag in seconds.

"Mr. Smith, what kind of confidence are you talking about? After all, in the face of the current stock market, no kind of confidence can resist the panic of falling.

"Andy was not unhappy when he was interrupted. On the contrary, he appreciated Matt Lauer's reaction and timing control. After all, this is an exclusive interview, not his speech by Andy Smith.

"This confidence is always believing that America will continue to exist and develop, that people will continue to live normally, and when they get up in the morning to put on their pants, they will put on one leg and then the other leg, and the companies that make the pants will continue to make money for their shareholders. ..."

When Andy said these words, he spread his hands with crossed fingers, raised his brows slightly, and used a slightly teasing tone, not only made Matt Lauer chuckle when he heard the words, but also the staff present were slightly suppressed laugh.

And all the audience in front of the TV were even more amused by Andy's humorous words, and couldn't help but relax.

Seeing that the effect was achieved, Andy couldn't help raising his voice slightly, and continued talking. "... I believe that old companies will eventually lose their vitality and be eliminated, and dynamic companies such as Wal-Mart, FedEx, and Apple will replace them.

Believe that the American people are a hard-working and creative nation!

I even believe that even for those yuppies, despite having well-paid professional jobs and affluent materialistic lifestyles, if they are lazy and don't work hard, they will be severely criticized by everyone. "

"I have no doubts about this!" Matt Lauer was also bewitched by Andy's words, not to mention the American people in front of the TV. I don't know how many families and people in the Oval Office of the White House at this time Like Ao Guanhai, he couldn't help applauding this inspiring speech.

"Hehe, as for your confidence that you can't resist the panic caused by the continuous decline in the stock market, in my opinion, it's not a big deal!" Andy's indifferent expression and relaxed hand waving made everyone involuntarily smile. Stunned, after all, the plunge in the United States makes people toss and turn every day.

"I'm not joking. There's nothing surprising about the stock market falling." Andy spread his hands slightly, shrugged his shoulders, and said briskly: "Because this kind of thing always happens again and again, just like the cold winter in Minnesota." Is it a common thing to come again and again?

If you live in a region with a cold climate, you have long been accustomed to it, and you have predicted in advance that the temperature will drop to the point where it can freeze, so when the outdoor temperature drops below zero, you will definitely not panic and think that the next Is the ice age coming?

And then, by custom, you wear your parka and sprinkle some salt on the sidewalk to keep it from freezing. . . so easy, everything is done, and you will comfort yourself like this, winter is coming, can spring be far behind? By then it will be warm again! "

Andy's simple and easy-to-understand analogy made the people watching the interview all over the United States fall into deep thought, but when they were still a little confused, the host Matt Lauer on TV asked everyone's aspirations.

"Mr. Smith, the seasons are regular, and the panic about the stock market stems precisely from its unpredictability..."

When he asked this sentence, Matt Lauer suddenly realized that he had screwed up, Nima, this was not one of the previous questions, a damn occupational disease, and he was used to asking guests. . .

At this moment, the other staff also realized that there was an accident, and they all looked nervously at the big boss who was still smiling calmly.

Andy was slightly taken aback by Matt Lauer's sudden press and questioning, but he recovered in an instant and had the answer, giving Matt Lauer, who was a little flustered, a reassuring look.

"Okay, we can't predict the future stock market trend, but there are some rules to follow. Let's not talk about the rules. I want to tell everyone some data. When the stock investment returns beat other investment varieties, In the past 70 years, there have been 40 times that the US stock market has experienced a sharp drop of more than 10%.

Among these 40 crashes, 13 were horrific crashes, even exceeding 33%. One of them was the biggest crash in history, the stock market crash from 1929 to 1933. . . "Speaking of this, Andy paused for a while. In order to increase his persuasiveness, he directly used the public relations skills he had learned during the hearing when he attended the hearing. He slowed down his speech and articulated clearly, leaving a pause for thinking.

"I believe that the painful memory left by the stock market crash in 1929 was extremely heavy, far surpassing the role of other factors, and even finally caused millions of investors to stay away from the stock market and turn to stock market. Invest in the bond market and money market.

Although 60 years have passed, this super-crash still makes people full of fear of the stock market, even people of my generation who can only understand 1929 through books are also shocked.

If the stay away from stocks is due to investors suffering from a post-crash trauma syndrome, the financial price to pay is too high.

To make matters worse, after the famous stock market crash in 1929, the Great Depression followed, so people associate the stock market crash with the economic collapse. It is still believed that a stock market crash will lead to an economic crash.

And this misconception has always been ingrained in the public mind, even though it later proved otherwise.

For example, the stock market crash in 1972 can be compared to the stock market crash in 1929. It was very serious, but it did not cause an economic collapse. And the 1987 stock market crash and no economic collapse. "

When he was talking about this, Andy suddenly stopped, and changed his previous comfortable sitting posture, sat up straight, looked at the camera lens with sharp and bright eyes, and said with a serious expression: "Maybe there will be a bigger stock market crash in the future, but since I can't predict when the stock market will crash, and as far as I know, no investment expert in the world can guarantee that he can predict it, so why imagine that each of us can prepare in advance to avoid the catastrophe of the crash?

Just imagine, even if 39 of the 40 stock market crashes in the history of the past 70 years were predicted in advance and all stocks were sold before the crash, wouldn't you regret it? You must know that even in the stock market crash with the biggest drop, the stock price eventually rose back, and it rose even higher! You left the stock market because of fear and panic. . .

This sharp drop is only the 14th time in history, and there is nothing to make a fuss about.

So, since this stock market correction is inevitable and will happen after a while, why panic?

Do you think so?

Failure is a learning experience, and you can make it a tombstone or a stepping stone. How to choose can only be decided by yourself! "

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