Warren Buffett reduced his holdings in BYD and cashed out a total of about HK $310 million. In September 2008, Warren Buffett's Berkshire Hathaway subscribed for 225 million H shares of BYD at a price of HK$8 per share. On June 20, 2024, BYD's share price was HK$252, with a return on investment of more than 30 times, once again demonstrating the magic of patience and long-termism! The reality is full of short-termism and long-termism.
Short-termists are like eating a whole piece of cheese in one sitting, enjoying immediate satisfaction. Long-termists, on the other hand, are like slowly cutting cheese into small pieces, enjoying the taste and nutrition of each piece in every bite, not rushing for momentary pleasure, but more concerned about long-term taste and lasting satisfaction.
Short-termists always want to eat the fruit quickly and enjoy the instant sweetness. Long-termists plant trees patiently first, and after hard work and waiting, they eventually enjoy more and sweeter fruits, and they can enjoy them forever.
A short-termist is like a cat that only sees the small dried fish in front of it, and always only pursues the happiness in front of it. Long-termists, on the other hand, are like cats with a long-term vision, who know to keep an eye on the big fish around them while chasing.
Short-termists seem to want to run a marathon in one sitting, aiming for speed and first place. Long-termists, on the other hand, seem to know that a marathon is a long-term challenge, focusing on perseverance and final completion, rather than a temporary sprint.
A short-termist might be betting in a casino to see if they can win big money in a game. Long-termists, on the other hand, are building a long-term portfolio that focuses on solid growth and long-term financial health.
