My Age of Investment

Xia Jingxing chatted with Buffett, and then followed the old man into the yard with Bill Gates.

The yard is not big, but it is very tidy, and there is a red maple planted there.

After entering the courtyard, Xia Jingxing found that the area of ​​the two-story building was really not that big, at most five or six hundred square meters.

Not to mention compared with the manor, even a larger villa can't compare.

Seeing Xia Jingxing looking at his house, Buffett has become used to it. Since he became a billionaire, every person who enters his house for the first time will look at it like this.

Maybe not only to look at it, but also to have doubts in my heart.

Buffett said lightly: "This house was built in 1921 and has a history of more than 80 years.

I bought it for $31,500 in 1958.

The house occupies a small area, only 5,830 square feet, with five bedrooms, garage, kitchen, bathroom... everything is available.

This is one of the three most valuable investments in my life, the other two being the wedding rings of my two wives. "

Now 75 years old, the silver-haired Buffett looked at Xia Jingxing and asked, "Can you tell me what is its value?"

Xia Jingxing knew that the old man was testing himself.

Bill Gates smiled at the side, and turned his attention to Xia Jingxing. If he answered it, it would be a bonus point.

Xia Jingxing pointed to the road outside the yard, and said with a smile, "I heard that if you go out from this yard, you don't need to make a turn, and you can go straight to Berkshire Hathaway."

"Yes!" Buffett nodded.

"This can save a lot of commuting time on the road, and spend more time and energy analyzing stocks instead of being stuck in traffic."

Buffett smiled, "Is that all?"

Xia Jingxing thought about it again, the answer might be too straightforward, not enough investment philosophy.

So he sorted out the language in his mind, and continued to add: "Investing in this job requires extreme calmness and super patience, so stay away from flashy and rash, and stay away from huge risks."

Buffett finally laughed "haha\

,"He nodded and said: "That's right, I'm not interested in enjoying a flashy life, I'm only interested in making money.

Because it can make my brain release a lot of dopamine, which produces a feeling of pleasure. "

"You are enjoying investment and work, while ordinary people just use it as a tool to improve material life."

Xia Jingxing's flattery was good. Buffett smiled lightly and shook his head, "Come with me, let's see how your golf skills are?"

Xia Jingxing and Bill Gates followed Buffett to the backyard.

An old foreign man with the same color of silver hair as Buffett is playing table tennis with a middle-aged Chinese man.

Xia Jingxing recognized the two at a glance. The silver-haired old man was Buffett's good friend and partner Charlie Munger, and the other was Li Lu, a well-known Chinese investor.

Although Charlie Munger is already eighty years old, he has a very strong body, he can block left, shoot right, and buckle down...

While playing back and forth with Li Lu on the opposite side, I saw a white ping-pong ball bouncing across the table, bouncing back again, and the cycle repeated.

Xia Jingxing could see clearly that Li Lu's movements were very slow, and he should save some strength to play the health ball with the old man.

It wasn't until the ping-pong ball was knocked into the air that Buffett, who was watching from the sidelines, stepped forward and introduced Bill Gates and Xia Jingxing behind him to Li Lu and Charlie Munger.

Bill Gates, Charlie Munger, and Li Lu are also old acquaintances, so there is no need for too much introduction.

Mainly to introduce Xia Jingxing to the two of them.

"Darren, hello, I know you, an outstanding entrepreneur in Silicon Valley!"

Charlie Munger was very enthusiastic, shook hands with Xia Jingxing, and had a few conversations.

"Hello Mr. Xia, please give me your advice!"

Then Li Lu, who was standing next to the old man, also stepped forward and shook hands with Xia Jingxing. He first greeted Xia Jingxing in Chinese, and then repeated it in English.

"Mr. Li, you are polite, you are a senior in the investment world."

While Li Lu was looking at Xia Jingxing, the latter was also looking at him.

Li Lu is well-known in the Chinese investment circle. He was born in 1966. He is a survivor of the Tangshan earthquake. He graduated from Jinling University with a bachelor's degree and was one of the early overseas students in mainland China.

At the age of 30, he received three degrees in Economics, Master of Business Administration and Doctor of Laws from Columbia University at the same time.

In 1997, the other party founded Himalaya Capital. It took more than 20 years to grow from a management scale of several million US dollars to more than 10 billion US dollars.

The investment performance is also very good. Adhering to the viewpoint of long-term value investment, it has maintained an average annual return rate of more than 20% for more than 20 years.

From the point of view of the rate of return, it is on par with Buffett, but Buffett has maintained an average annual rate of return of more than 20% for more than 60 years, truly exerting the power of compound interest.

But Li Lu is also very good, because he is still young, and there are more possibilities in the future.

In addition, Li Lu is also known as a disciple of Charlie Munger, and it has been rumored that he will become one of the helmsmen of Berkshire Hathaway.

Because in Charlie Munger's decades of investment career, apart from his own investment, the only time he gave money to someone else to manage it was Li Lu.

Even in the future, Charlie Munger will hand over all the family funds to Li Lu for management, which can be said to be extremely trustworthy.

Li Lu also recommended stocks to Buffett once, helping him earn $1.2 billion from BYD.

In short, this person is very close to Buffett and Charlie Munger.

Xia Jingxing wanted to talk to Li Lu again, but Buffett refused and dragged Xia Jingxing onto the table tennis table.

After taking the ping-pong bat from Li Lu, Xia Jingxing played ping-pong with Buffett who took the racket from Charlie Munger on the opposite side.

Xia Jingxing originally thought it would be a devastating battle, so he reserved a little energy.

It turns out that he underestimated Buffett.

This old man likes to play bridge and table tennis very much, and he often practices. Although he is older and his movements are not so agile, he has a strong ability to predict the ball.

Xia Jingxing's serve was lightly caught by the old man. The old man slapped his backhand, and the ball bounced back quickly.

Fortunately, Xia Jingxing still maintained half of his primary school level, catching the ball dangerously.

The old man Ba ​​was very bad, and he saw that Xia Jingxing was a bit unfamiliar, so he started to play various tricks.

All kinds of small strokes, the racket is swung high, and the ball is lightly touched, and it just flies over the middle of the net;

Deliberately make slow motion, but suddenly exert force on the wrist at the moment of hitting the ball.

Not to mention the other hanging edges and corners, the old man is very skilled.

It's time to show your real strength!

Xia Jingxing originally thought that "hitting the Nanshan Nursing Home with his fists and kicking the Beihai Kindergarten" was not very good, but the old man was so arrogant, he couldn't be more modest.

With this in mind, Xia Jingxing quickly launched a wave of fierce offensive.

Buffett felt the pressure instantly, and it became more and more difficult to catch the ball, and his panting became more and more rapid.

"Ouch~"

Catching the ball too hard, Buffett suddenly flashed his waist.

Everyone hurried forward to help.

Buffett grinned his teeth, and the pain was very severe.

Everyone didn't dare to be negligent, and hurriedly helped Buffett into the room, and urgently notified the private doctor to come for diagnosis and treatment.

In order to relieve the pain, the old man lay down on the sofa.

The instigator, Xia Jingxing, stood aside, a little embarrassed, so he took the initiative to say: "Mr. Buffett, I am to blame for this, I didn't think it through."

Buffett waved his hand, "It's okay, how can you blame me for this, I haven't played golf so happily for a long time."

Seeing that Buffett really didn't mean to blame himself, Xia Jingxing felt a little relieved.

After the private doctor came, he checked and treated Buffett, and after confirming that there was nothing serious, he left.

Bill Gates said: "Daren has now stepped down from his Facebook position and transformed into an investor."

"Oh, is it VC investment?"

Buffett is not interested in the Internet, and he doesn't know much about Xia Jingxing's movements, but he also knows that there are countless cases of Internet entrepreneurs turning into investors.

"Not just VC, but also PE and hedge funds."

Hearing what Gates said, not only Buffett, but also Charlie Munger and Li Lu were a little shocked, and they just entered the investment industry, just playing like this?

Buffett said lightly, "Young man, I think it's better to focus."

txt download address:

phone-reading: