Some small ideas-2

1. Be the enemy of desire

Buffett's famous quote: Be fearful when others are greedy, and greedy when others are fearful.

But what I want to say is, who exactly are the "others" in this quote? Could it be ourselves? Why do we think we must be the "I" in this quote?

Now the market is not doing well, maybe we think we should buy the dip, now is the time for "be greedy when others are fearful"

But I can clearly say, not necessarily, because some people have already taken profits, because some people just entered the stock market, they all hope for a golden pit, they may not yet be fearful, we will only see and remember those statements that align with our desires

Whether greed or fear, I think they are both personalized manifestations of desire, we should be the enemy of desire, know ourselves and know the enemy, be the true master of ourselves

PS: Reduce positions in batches when rising, build positions in batches when falling, don't go all in, don't be fully invested, this is actually the simplest and most effective way to resist desire