In Omaha, Nebraska, Warren Buffett looked solemnly at the live TV interview.

When he heard Andy Smith saying, "He hopes to publish that article a few months later," the unshakable heart could not help ripples, his expression became more concentrated, his brows frowned.

Fingers twitched slightly, picked up the phone on the desk and dialed out, "Old man, are you watching Andy Smith's interview?" ...

"... I just want to tell everyone, don't let your spirit go bankrupt!"

At this time, in the Oval Office of the White House, Au Guanhai was sitting on his desk, and the sofas on both sides were full of his economic advisers, watching the serious expression of Andy Smith on TV. Appeared slightly moving.

"If you declare spiritual bankruptcy, you will lose everything." It was the son of oil tycoon Rockefeller who encouraged investment failures, and a celebrity quote that all Americans know to encourage.

On Sunday morning, March 8th, all the audiences who watched the nbc "Today Show" interview in the United States sat quietly in front of the TV and listened to the economic perspective of creating the youngest super-rich billionaires in the shortest time this century. .

"... I have said that for stock investors, whenever the price plummets, firm investment information and overcoming fears seem to be twin flowers that will always torture us.

However, indeed, this kind of thing is very simple to say, "Well, the next time the stock market falls, I will ignore the pessimistic news, and I will take the opportunity to buy some oversold stocks."

But it is not easy to do, because each crisis seems to be more serious than the last one, and it is becoming more and more difficult to ignore the pessimistic news.

Therefore, firm confidence is more important than anything!

You may be the world's most powerful financial analysis expert or stock valuation expert, but if you don't have confidence, you will easily believe the pessimistic predictions of those news reports, scared in the panic of the stock market ** thrown out ... "

In the face of talking, the boss who controlled the pace of the interview, as the trump host Matt Lauer was very helpless, although he did not dare to grab the dominant power, but he could not keep the boss talking to himself. The **** was turned into slag.

"Mr. Smith, what is the confidence you are talking about? After all, in the current stock market, no confidence can counter the falling panic." Andy was interrupted, not unhappy, but instead After all, I really appreciate Mattlauer's response and the timing. This is an interview after all, not his Andy Smith speech.

"This confidence is to always believe that the United States will continue to exist and develop, that people will continue to live normally, and wear one leg and the other leg as usual in the morning when wearing pants. The company that produces pants will continue to make money for shareholders. ... "

When Andy said these words, his fingers spread across his fingers, his eyebrows raised slightly, and in a slightly ridiculous tone, not only did Matt Lauer hear the words chuckled, but the staff present were slightly stunned. laugh.

And all the viewers in front of the TV were even more amused by Andy's humorous words, and could not help but relax.

Andy saw the effect achieved, and could not help raising his voice slightly, and continued talking. "... I believe that the old companies will eventually lose their vitality and be eliminated. Energetic companies such as Wal-Mart, FedEx, and Apple will take their place.

Believe that the people of the United States are a hardworking and creative nation!

It is even believed that even for those yuppies, despite having well-paid professional work and a rich material lifestyle, if they are lazy and not working hard, they will be severely criticized. "

"I'm convinced!" Matt Lauer was also perturbed by Andy's words, let alone the American people in front of the TV. I don't know how many families and the White House Oval Office at this time Like Austrian Guanhai, he couldn't help clapping for this inspiring discourse.

"Oh, as for the confidence you said can't counter the panic caused by the continuous decline in the stock market, in my opinion, there is no big deal!" Andy's expression of carelessness plus the easy waving motion made everyone indifferent. After all, the American plunge makes people sleepless every day.

"I'm not kidding. It's nothing to be surprised that the stock market has fallen." Andy slightly stretched his hands, shrugged his lips and said briskly, "Because this kind of thing always happens again and again, like the cold winter in Minnesota Is it the same thing that comes again and again?

If you live in a cold climate, you are accustomed to it. It is expected that the temperature will drop to freezing, so when the outdoor temperature drops below zero, you will certainly not panic and think that the next Is the Ice Age coming?

At that time, you would put on a leather coat and sprinkle some salt on the sidewalk to prevent icing ... msoeasy, everything will be done, and you will comfort yourself this way. When winter comes, can spring be far behind? By that time the weather will warm up again! "

Andy's easy-to-understand metaphors have caused the people watching the interview in the United States to be lost in thought, but when there is still a little doubt in the heart, the TV host Matt Lauer asked everyone's opinions.

"Mr. Smith, seasonal changes follow a regular pattern, but the panic of the stock market just stems from the fact that it is difficult to predict ..."

When asking this sentence, Matt Lauer suddenly realized that he had messed up, Nima, this was not one of the previous questions, a **** occupational disease, and used to ask guests ...

At the moment, other staff members also realized that there was an accident, and they all looked very nervous and looked at the big boss who still calmly smiled.

Andy was pressed by Matt Lauer's sudden pressing, and he got a little hesitated, but it was restored in an instant, and he had a coping answer, giving Matt Lauer a little flustered look. .

"Ok, we ca n’t predict the future stock market trend, but there are some rules to follow. Let ’s not talk about any rules first. I want to tell everyone about some data. The gains from stock investment beat those of other investment varieties. Over the past 70 years, US stocks have experienced 40 major declines of more than 10%.

Thirteen of these 40 crashes were horrific plunges, with a drop of more than 33%. One of them was the largest plunge in history. The stock market crash from 1929 to 1933 ... "Here, Andy After a little pause, in order to increase the persuasiveness, he directly applied the public relations skills that he had attended at the hearing, which was a surprise study. His speech slowed down and his words were clear, leaving a pause for people to think.

"I believe that the painful memory left by the stock market crash of 1929 for the people at that time is extremely heavy, far exceeding the effect of other factors, and even finally, millions of investors have stayed away from the stock market and switched to Invest in bond and money markets.

Although 60 years have passed, this super-big stock disaster still makes people full of fear of the stock market, including our generation who even heard of people in 1929 who can only understand through books.

If it is said that staying away from the stock market is because investors have suffered a trauma syndrome after the stock market crash, the economic cost of this is too high.

To make matters worse, after the famous stock market crash of 1929, the Great Depression ensued, so people linked the stock market crash to the economic collapse. People still believe that a stock market crash will trigger an economic collapse.

And this misconception has always been ingrained in the public mind, although it turned out not to be the case.

For example, the extent of the stock market crash in 1972 can be compared with the stock market crash of 1929. It is very serious, but it has not caused an economic collapse. And the stock market crash in 1987 did not lead to economic collapse. "

When talking about this, Andy paused suddenly, and changed his comfortable sitting position, straightened his body, looked at the camera sharply and brightly, and said solemnly: "Maybe there will be a bigger stock market crash in the future, but since I have no way of predicting when a stock market crash will occur, and as far as I know, no investment expert in the world dare to guarantee that he can predict, so why imagine that each of us can prepare for the crash in advance?

Imagine that of the 40 stock market crashes that have occurred in the past 70 years of history, even if 39 of them were predicted in advance, and all the stocks were sold before the crash, wouldn't you regret it? You have to know that even in the stock market with the largest decline, the stock price eventually rose back, and rose even higher! You left the stock market for fear of panic ...

This time the plunge is only the 14th in history. There is nothing to be surprised about.

So, since this kind of stock market pullback is inevitable, it will always happen after some time, why should we be so panic?

Are you saying that?

Failure is a learning experience. You can make it a tombstone or a stepping stone. How to choose is up to you! "