长期价值投资的前提是有稳定的现金流。
否则各种短期的账单,就会把人逼成投机者😅
另外,市场的波动性远不符合正态分布,这也是巴菲特不放杠杆的原因。
尤其是流动性低的时候,只要有风险敞口暴露出来,墨菲定律就大概率会生效😄

From X
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