Buffy's law means that you will not get rich if you invest where everyone else has invested. It was proposed by the American "stock god" Buffett, and is the result of his many years of investment career experience.
According to Buffy's law, if a company wants to invest successfully: ① discover market vacancies that others have not discovered. ② Invest in market vacancies that others are aware of but disdain to invest in. ③Investment has formed a competitive market field, but it must be distinctive.
To invest in stocks, you might as well learn from Buffett’s experience. Buffett summarized 10 investment points:
1. Use the foolishness of the market to make regular investments.
2. The purchase price determines the rate of return, even for long-term investments.
3. The compound growth of profits and the avoidance of transaction costs and tax burdens benefit investors endlessly.
4. It doesn't care how much a company can make in the coming year, only how much it can make in the next 5 to 10 years.
5. Only invest in companies with high certainty of future returns.
6. Inflation is the worst enemy of investors.
7. The value-based and growth-based investment concepts are the same: value is the discounted value of the future cash flow of an investment, and growth is just a forecasting process used to determine value.
8. The financial success of an investor is directly proportional to his understanding of the investment enterprise.
9. "Margin of safety" assists your investment in two aspects: firstly, to buffer possible price risks, and secondly, to obtain a relatively high return on equity.
10. It is foolish to own a stock and expect it to rise next week. Even if the Fed Chairman secretly tells me the monetary policy for the next two years, I will not change any of my actions. Ignore the ups and downs of the stock market, do not worry about changes in economic conditions, do not believe in any predictions, do not accept any inside information, and only pay attention to two points: A. What stocks to buy; B. The buying price.
In 1995, when Wieselman founded Esbis Entertainment, he found that strictly speaking, no company focused on the production of entertainment products for infants. He realized that there is a huge brand space in the TV show market for parents and children. Yes, there was "Sesame Street" and "Barney the Dinosaur" at that time, but they were not completely suitable for those babies whose brains were just starting to turn but couldn't speak clearly.
"Teletubbies" is a program for young children. It uses cartoons as a carrier to tell the daily life of four cute aliens (ie, Teletubbies). The main audience is children from 12 months to 5 years old. "Teletubbies" has no clearly set educational goals, so it is not an educational program, it just presents children's interesting experience of learning and development in the game. The content of "Teletubbies" is extremely simple and safe, while "Sesame Street" and "Barney the Dinosaur" contain a lot of information. The young children "know nothing but can only play". Therefore, their starting point for creating "Teletubbies" is not deliberately "want to teach children", but to make children feel recognized and fun.
The biggest success of "Teletubbies" is that it has unearthed the "youngest TV audience" market.
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