Why is investment a way for fools to make money, and it is also the easiest way for fools to make money?
Because the essence of investment is to buy high-quality assets when they are cheap, and then sell these assets to others when they are expensive.
From the perspective of human nature, when assets are cheap, most people must be panicked and dare not buy, buy less, or cannot hold on.
And this time often occurs at the time of economic crisis.
Then, the logic is very simple!
Fools, they only need to believe that the economic crisis will pass, companies will get through the difficult period, and the country will introduce a series of policies to help them get through the difficulties. So, they buy undervalued high-quality assets during the crisis and wait for the crisis to end!
But!
Smart people are different. They will make all kinds of analyses, predictions, and judgments. Over time, they will be affected by the market! Because they see too much, see too much, think too much, and it is impossible not to be disturbed.
And!
Smart people always want to buy at the lowest point, or buy after the crisis ends and before the economic recovery.
Is the result obvious? So, I said, investment is a place where fools can make a lot of money, but it is not easy for smart people to make a lot of money!