What Kind of Investors Do We Need

2008/3/13 16:18:46

Obviously, the vast majority of investors are destined to be fooled by the market. And all those who are fooled are trapped within the market, confused by themselves. These people have all their behavior classified into two forms: bulls and bears. When holding stocks, their thinking is controlled by the bull side; otherwise, they become slaves to the bears.

And market sentiment is thus accumulated and guided. Those who cannot break free from this state can never become true market participants.

The market operates on at least two levels. To use an analogy: one is the level of the pot, and the other is the level of the meat. The vast majority of people remain at the meat level, being stewed by the market's pot.

This ID has been writing articles about the market these past few days, and many people have been understanding them from the meat level, whereas this ID has been writing from the pot level. What this ID writes is intended to protect and reshape this market pot, because the meat can rot, but the pot cannot — otherwise it would be fatal.

This fatality doesn't mean how much money someone would lose. It concerns the nation's future. This has nothing to do with the bulls and bears of the meat. And the majority of people's "seat determines brain" thinking also determines that they cannot possibly have the vision of true elevation.

From this ID's standpoint, only matters related to the pot are worth this ID's attention. As for the meat level, this ID's theory has provided the best operating procedure — just follow it. Nothing more to say.

Of course, only when you've freed yourself from the meat level will you have the mindset to care about pot-level matters. This ID naturally doesn't deny that for capital of this ID's scale, the pot is what matters most. As long as the pot is there, the meat is just a plaything to toy with at will.

Therefore, for ordinary investors, the first task is to free yourself from the meat level — to be the one who cooks others, not the other way around. But that's not enough. You should cultivate a higher vision. Without a grand vision, you'll ultimately be cooked by others.

And this logic applies equally at the national level and the global strategic level. Why has America been dominant for decades? Because they have a pot that the whole world has used for decades. Without breaking that pot, no matter what any country does, they're all just meat in America's pot. This is what truly matters.

We must make every effort to forge a great pot of China's capital market — this is also the starting point for this ID writing these articles. More importantly, we must forge an even greater pot of Chinese-style globalization. This is an even higher level and is the key to the rejuvenation of Chinese civilization.