If you have a million, and you gain 100 percent, then you have two million, and if you lose 50 percent, then you have one million, and obviously losing 50 percent is much easier than making 100 percent.
If you have a million, and the first day the assets are down to 1.1 million, and then the next day they fall, you have 990,000 left; the other day they fall, the next day they fall, and the assets are still 990,000.
If you have $1 million, you make 40% in the first year, 20% in the second year, 40% in the third year, 20% in the fourth year, 40% in the fifth year, 20% in the sixth year, and you have $1.45 million left in your assets, and your six-year compound annual rate of return is only 5.83%, even lower than the five-year government bond face rate;
If you have a million dollars and you don't have to stop trading every day and you only have to stop trading 1% of the time, then in 250 trading days a year, you can have 120.32 million dollars in one year and 145 million dollars in two years.
If you have a million dollars and a 200% annual return for five years in a row, then after five years you can have $243 million in personal assets, which is obviously hard to sustain.
If you have a million and you want to reach 10 million in 10 years, 100 million in 20 years, 1 billion in 30 years, then you need to achieve an annualized rate of return of 25.89%.
If you buy a stock for $10,000 at $10 and it drops to $5 and you buy it for $10,000, the cost of holding can drop to $6.67 instead of the $7.50 you imagine.
If you have a million dollars and you invest a stock with a 10% profit, when you make the decision to sell, you can try to keep the stock with a market value of 100,000 dollars, then your holding cost will be reduced to zero, and then you can hold it without any stress for a long time. If you are extremely optimistic about the company's development, you can also keep the stock with a market value of 200,000, you will find your profit rises from 10% to 100%.
If you have risk-free assets A ((5%) per annum and risk-free assets B ((20% to 40% per annum), if you have a million, you can invest 800,000 risk-free assets A and 200,000 risk-free assets B, then your worst return for the whole year may be zero, while the best return may be 12%, which is the shape of the CPPI technique applied to hedge funds;
If you have a million, and the bond goes into default on a stock, then the maximum return you can get is 100%, assuming that the stock goes into default, and there's no upper limit to the amount you can get, so don't go into default permanently if you don't believe that human society will move forward.
The analysis of 1000 data found that the probability of winning is 53% and 47%, with the winners winning 34% on average and the losers losing 72% on average. The casino does not need to win the lottery, ensuring that the fairness of the weakness of humanity can continue to win.
If you give your grandchildren $10,000 in bank deposits, 5% interest, then in 200 years it will roll to $131.5 million, if the country's monetary issuance growth remains above 10% (now China's broad currency M2 balance is 107 trillion, an annual growth rate of 14%) and 100 years later China's total currency will break through $1,474,525 trillion, in terms of two billion people, and per capita deposits will break through $737 million (excluding real estate, securities, collectibles and all kinds of assets). If the collapse of the monetary system is issued at this rate, it is only a matter of time, not only China but the whole world faces the rebuilding of the monetary system.
综上所述，在生命过程中成功的投资要具备三个条件：一是防范风险，保住本金；二是降低波动率，稳健收益；三是长期投资，复利增长。
关于成功投资的四个建议：一是适度资产组合；二是不要轻易尝试做空；三是努力克服人性的恐惧和贪婪；四是危机的更值得把握。