저자: Michael · 외국인
요약 보기
한 줄 결론: 워런 버핏의 투자 원칙(예측 불가능성 인정, 복리 활용, 군중 추종 경계)을 소개하는 교양 영상으로, 특정 종목이나 자산의 가격 방향에 대한 예측은 포함되어 있지 않다. 책 소개: 제레미 밀러의 『Warren Buffett's Ground Rules』를 다루며, 버핏이 26세에 뷰필드 파트너십을 설립해 1966~1970년 운용한 사례와 1968년 시장 지수를 50% 이상 상회한 성과를 언급한다. 첫째 원칙 – 미래는 알 수 없다: 버핏은 파트너들에게 주식 시장 전반이나 경기 변동을 예측하지 않겠다고 밝혔다. 금리·유가 등을 전문가가 예측하는 것은 불확실하며, 뉴스에 따라 매도하는 반응은 손실로 이어질 수 있다고 설명한다. 주식의 본질: 주식은 기업의 일부를 사는 것이며, 기업 가치(이익)에 따라 주가가 따라간다는 관점을 제시한다. 단기 시장 가격과 본질 가치가 다를 수 있으며, 버핏에게 진짜 위험은 자신이 무엇을 하는지 모르는 것이라고 강조한다. 둘째 원칙 – 복리의 힘: 1956년 10만 달러 시작 자금이 4년 만에 약 200만 달러로 불어났다고 소개한다. 초기에는 저평가된 괜찮은 기업에 투자했고, 이후 우수한 사업과 성장성을 중시하는 방향으로 발전했다고 설명한다. 복리 예시로 10년간 연 5% 복리 시 10,000달러가 약 62,889달러가 된다는 계산을 제시한다. 셋째 원칙 – 남을 따라 하지 말 것: 많은 사람이 하는 행동을 따르는 것은 위험할 수 있으며, 시장 평균을 넘으려면 남과 다르게 행동할 용기가 필요하다고 말한다. 버핏은 다른 투자자의 단기 수익에 흔들리지 않고 자신의 판단을 고수했다고 소개한다. 성과 평가 기준: 버핏은 연간 수익률의 플러스·마이너스 자체가 아니라 주가지수 및 다른 대형 투자회사와 비교해 성과를 평가했다고 설명한다. 영상 말미에는 시청자에게 독서 소감과 다음 리뷰 책을 댓글로 요청한다. 출연자 전망: 특정 종목·자산에 대한 가격 전망 발언은 없음.
다듬은 글
your investment decisions are not always right if many people do the same thing your investment decisions are not always right only when important people agree with you your investment decisions are right if they have passed a long enough period Hello everyone My name is Michael Welcome to my channel the bookworm this time I will discuss the book Warren buffet ground rolls by Jeremy Miller Before we start for those of you who want to support this channel to continue working, the method is very easy, you just click subscribe and turn on the bell your support really helps so that we can post regularly and learn together on this channel this book discusses the basic principles of investment from legendary investor Warren buffet at the age of 26 Warren returned from Colombia Business School where he had studied from investment guru Benjamin Graham and founded buffee partnershipshi his first professional investment partnership so that his partners understand investment methodology and Warren's way of thinking he wrote 7 basic principles in investment the partnership operated for 14 years from 1966 to 1970 during that period Warren achieved a record of extraordinary investment success in 1968 alone he managed to beat the stock market index by more than 50% I summarize it into 3 important things from this book first no one knows the future What's the future?
You must have seen an expert on television predicting the future of interest rates, oil prices, and so on. What's unique is that in the first meeting with his partners in an investment partnership, even before they put their money in there, Warren emphasized that he would not make predictions about stock prices in general or business fluctuations.
If they think Warren can do it, then this partnership is not suitable for them. Why is this important? If there is something certain about the stock market, it is change. Imagine that every day we are bombarded with so much news, for example, the war in Ukraine, the gas crisis in Europe, and so on, when we hear bad news.
What is the natural reaction? Of course, we have to sell shares related to the issue, right? But if you do it continuously, you will not get any profit, but instead you will suffer losses. We need to realize that the world is full of uncertainty and many things cannot be predicted, even by experts. Stocks can go up and down in the blink of an eye.
This certainly makes many investors stressed and panic. However, Warren has a secret where he can become one of the legendary investors in the stock market. Many people get caught up in market fluctuations, buying and selling shares to get rich quickly. But investors have a different perspective. They buy and sell based on a careful assessment of the true value of the stock.
Remember, buying a share is like buying a A small part of the business when the company's profits increase, the company's value also increases. Likewise with its stock price. Similarly, when the company's profits decrease, the company's value also decreases. Likewise with its stock price, but it is necessary to understand that a stock market contains millions of investors and traders who have different thoughts about the price of a stock.
Sometimes what we think does not match the current market value. For Warren, that is not a risk. Risk is when you don't know what you are doing. He doesn't need the stock market to dictate the decisions he makes. He has his own reasons for making those decisions. Second, don't underestimate compound interest.
Every investor is different. In 1956, Warren only had 100,000 as his initial investment funds. In 4 years, his money had grown to almost 2 million dollars. The secret came from investing in small companies in the early years of his career. Warren focused on buying companies that were in the general category, which was defined as a company that was quite good, but for some reason, its stock price was below the market price.
However, as his success increased, his definition of company value also changed. His focus was no longer on looking for companies with cheap stock prices, but on the quality of a business and its prospects for growth. He slowly began to move from a fairly good company with a price fair shares become companies with extraordinary businesses with fair share prices don't forget the magic of compound interest or compound interest even Genius scientist Albert Einstein said that compound interest is the 8th wonder of the world people who understand it will get money while those who don't will pay it Warren himself once wrote that compound interest can significantly increase investment returns in the long run while a simple 100,000 year deposit will earn 50,000 in total interest over 10 years compound interest of 5% on 10,000 will amount to 62,889.46 over the same period simply compound interest helps investments become bigger in a short time if you follow this strategy Of course there is no guarantee that you will become a billionaire like the color of the buffet all is determined by yourself your investment and the choices you make but if you follow the advice of Warren Buffet you will definitely make smarter investments that will most likely produce higher returns third investment is a personal matter do not follow what people say following what many people do may be a good strategy For example when many people are running from something you can't see you might need to join them but this way can be dangerous when applied in investment If you want to beat the average market returns then you have to dare to be different according to investing your money only makes sense when you really understand the big picture and know where to go otherwise you are just wasting money no matter what others do Warren is often known as a cautious investor perhaps this is what makes him consistently generate above average returns over a long period for example if there is a new investor who makes a big profit because he is diligent in buying and selling shares Warren is not tempted he sticks to his stance because he knows what he is doing Warren always emphasizes that he cannot promise always better results to his partners what can be promised is first the investment will be chosen based on the value of the company not because of the popularity of the company second Warren and the team will minimize the risk of losing all capital as much as possible by widening the safety margin in every investment commitment made his three wives his children and himself will have almost all of his wealth invested in the partnership for Warren the measurement of whether his performance is good or not is not measured by the percentage this year Whether plus or minus but must be compared to the stock index or other large investment companies so when his performance is better than both of those things then it means his performance is good in that year no matter whether in that year What percentage of profit or what percentage of loss?
Please comment in the comments column. What lessons did you get when reading this book? Apart from that, also comment if you want to open anything else that I will review in the next video. I'm taking my leave. Don't forget to subscribe to the YouTube channel stik kutu buku bye bye.
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