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Hello everyone. Welcome to this review. If you think that the success of the Bayer company is due to luck, you are wrong. In fact, it is because of the precision of the engine, the Charlemagne-Eco weapon. Now let's explore what it is. Warren Buffett himself once explained the secret of his great success in a nutshell.
It is rationality. This is not a matter of being a genius, it is a practice that he has trained himself to make the right decisions in every situation. Yes, let's go to the topic of preparing for reason and the struggle for independence. Let's see why a man was so obsessed with reason. An interesting fact is that wealth was not the end of the world for Mang.
Like his mentor Benjamin Franklin, he was a complete freedom without having to look at anyone's face. One day, independence He used money as a weapon to get there. He realized that money was the key to his survival. One thing we need to remember here is that Ming's thinking is not about being the smartest person in the room.
It's about avoiding the really stupid mistakes. It's not a powerful weapon. Let's move on to part two. Avoiding the common mistakes or mistakes is interesting. How this plays out in his investment decisions. These 7 numbers mean a lot to Ming. He likes the example of a famous football player who doesn't shoot every time the ball comes.
He can shoot for sure. He used the so-called best-case scenario, which is to say that he only invests when he is in a good position. This is also true in investing. How different is the approach of ordinary investors from ordinary people? Ordinary people will trade almost anything. They will invest a little here and a little there, and they will be very unstable.
Mr. Ka is completely the opposite. He is very patient. He sits and waits for the right opportunity to come. He looks at the possibility. Only when the possibility is very certain will he focus on that area and invest heavily. It shows how much money the fruit of patience can bring. Another unique thing is that he does not accept the theory that the price is always right according to the big book.
He basically treats the market as a horse racing betting system. Most people are greedy and always bet big, but he uses his reasoning to find out that the price is very wrong. While most people are always greedy and always bet, he uses his logic to bravely seize rare opportunities that are very wrongly priced.
Now comes the part about the one-handed man and the wisdom of all fields. This part shows how Monga fights against the call of the evil one. There is a famous saying that the whole world is like a thunderbolt to a man with only one hammer. People try to solve every problem with the one thing they know.
If they only knew one thing, they would try to solve every problem with a stick. This is a very stupid way to deal with the complex world of business. So he builds a huge arsenal of weapons to eliminate such evil views. He draws about 1,000 of the best evils from different fields such as history, psychology, mathematics, engineering, biology, physics and chemistry and uses them to create mathematical models.
He created a powerful network of interconnected knowledge called the "brain." He was truly a genius. He mastered these key concepts and built what he called the "worldly wisdom." This interconnected knowledge is the main advantage of extreme reasoning because it allows him to easily see hidden weaknesses and dangers that ordinary experts cannot see.
Let's continue the section. The title is always thinking backwards. This shows the importance of thinking backwards. He really likes to think backwards and think about problems. He wants to know where he will die. He once said, ironically, that he will never go there. If you want to succeed, first set a goal.
Then think backwards and find out what will make you fail. The last step is to completely avoid those things that will make you fail. It is a simple and effective method. Through this way of thinking backwards, you can Through this method of reverse thinking, he focuses on avoiding psychological mistakes.
He understands that people's subconscious often overwhelms rationality due to reasons such as excessive spending on gifts and fear of losing what they have. So he can avoid these pitfalls in advance. Here is a memorable quote he made. It is amazing how much people like us have benefited in the long run by always trying to avoid foolish things.
By systematically eliminating situations that are too irrational using psychological facts to be verified, he was able to avoid potential paths from the beginning. Now we come to the final part, part five. Let's talk about the human effect and the combination of thinking. Positive Think about what happens when all these things come together in one place.
Dack is not just big, he is explosive. He calls it the Lola Flu Party. It is the culmination of all his strategies. But this kind of amazing effect did not happen overnight. [Snort] His success was built on a solid foundation of hard work, preparation, patience, honesty, and determination. These are the things that make rationality the most powerful weapon.
So, as I conclude my review of the life of the car, I am left with a very important question: How can we, as learners, avoid the common mistakes and Are you ready to do the hard work of building a network of mental connections to achieve true freedom? I think we all understand that reason is not something you are born with, but rather a secret weapon that you must develop to achieve freedom.
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