Foreword:

As we gradually enter the second half of life, wealth accumulates with age, and in our lives it is inevitable that we will struggle and fret over the word "money." If you want to truly live with ease and dignity, learning to talk about money is one of the key skills.

About

Handling matters

If something can be solved with money, never use a favor instead

Feng Lun told a story in "Wild Growth":

You ran a red light while driving and were stopped by a police officer.

You see the officer is an acquaintance: "Bro, what are you doing here!"

He says: "It's fine, go ahead."

You save the 50 yuan fine and feel really proud.

The second time you pass by, you make a wrong turn,

and see it's the same guy again: "You're on duty again?"

He says: "It's fine, go ahead."

So you save another 50 yuan fine.

You've troubled him twice and feel bad about it,

so you treat him to a meal to repay the favor.

With all that eating and drinking, the cost far exceeds 100 yuan.

After the meal, you make small talk: "What's your wife busy with?"

He says: "She's useless, nothing to do at home all day.

How about finding her a job at your place, just pay her whatever."

You say: "No problem, anything for a bro!"

His wife comes to work. How do you set her salary?

No matter what, it can't be below 2000 yuan, right?

Three months later, he calls again:

"Bro, you need to keep your subordinates in line,

they can't keep bullying my wife.

So what if she didn't go to university? Not going to university doesn't make her less of a person."

The next day, you have a word with your subordinates.

But in the end you can't take it anymore either, and call your bro:

"Let her go home, I'll still pay her salary every month."

He gets upset hearing this: "So you can't stand the sight of my wife..."

You've shelled out 24000 yuan over the year, and offended your bro too.

If only he had saluted from the start and said the fine was 50 yuan,

and you had just obediently paid the 50 yuan, none of this trouble would have happened.

Truly smart people understand two principles:

●The total amount of favors, use it once and it decreases by one

●The hardest debt to repay in life is the debt of favors

So in social interactions, remember this money rule:

If something can be solved with money, never use a favor instead.

About

Investment

What is controlling funds? How to invest effectively

Taleb says: adopt the barbell strategy.

What does the barbell strategy mean?

As the name suggests, it's like a barbell,

nothing in the middle, all the weight at both ends.

One end is extreme risk aversion,

the other end is extreme risk appetite.

That is to say, when we invest,

we can't put 100% of our funds into very safe channels,

because the returns are too low.

Nor can we put 100% of our funds into high-risk channels,

because if we hit a black swan, it's total ruin.

Even more so, we shouldn't put 100% of our funds into medium-risk channels,

because you get the best of neither

neither high returns nor avoidance of a black swan.

The correct investment method is:

Put 70% of your funds into very safe channels,

though the returns aren't high, you can avoid a black swan.

Put 30% of your funds into high-risk, high-return channels,

if a black swan hits, you only lose 30%, it won't be the death of you.

But if the black swan doesn't strike,

you gain very high, even unlimited returns.

Stock god Buffett does exactly this:

“I always keep part of my funds in safe and secure channels,

and I always maintain the pursuit of high risk."

How to invest effectively?

A friend of mine who has been in the stock market for 16 years -- Old Kong

He himself is one of Tencent's top ten annual finance V's

I remember he still made a 19% profit in the 2008 bear market

Making around 30% profit every year,

as far as I know, his assets have already increased 15-fold compared to when he first entered the market,

Every day he posts the most promising,

best-themed stocks to his social media,

I did the math,

in April he shared a total of 56 stocks,

excluding one-line limit-up boards, 25 hit the daily limit up,

5Monthly track record:

Honghui New Materials and Xingye shares both returned over 30%

On May 3, buying Shiming Technology on a dip gained over 45%

I remember when I chatted with him about investing I asked: "How do you do it?"

He said: Capital is the prerequisite,

Strategically, go with market psychology,

Tactically, go against market psychology,

The former is the winning philosophy and prerequisite,

the latter is the concrete path to turn this philosophy into real profit

A couple of days ago many friends left comments saying they've lost a lot in the stock market recently,

I know we still have many friends struggling in the stock market.

As a perk for my fans,after my repeated requests,

he only allows100peoplefriends to scan the QR code above

to add his WeChatktc13552

(be sure to note:fan perk, otherwise you won't be approved)

(I heard he's eyeing another short-term opportunity! Target around 25%, and is preparing to share it! That's why I'm sharing this with everyone)

END

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