When Americans say you are not at the dinner table, you are on the menu.
You are either at the dinner table or on the menu.
You are either at the dinner table or on the menu.
This is a famous saying in the American investment community. Explain that this market is very unfriendly to retail investors and is the fate of being eaten.
The same is true in A shares.
In July 2020, Charles M.Jones, a professor at Columbia University, cooperated with the Shanghai Stock Exchange and counted a set of data:
From June 20 16 to June 20 19, whether you are a small company or a cattle company, the total income is negative. Only institutional investors and corporate investors make money.
The stock market is an overconfident game, and no one will think that he is a fool. But in the face of bloody facts, such self-confidence is too pale.
Someone once said such a metaphor:
Suppose I stole an ancient tomb, and then I mixed the stolen goods with all kinds of high imitation fakes and opened an exhibition of ancient tombs.
It is known that 10,000 top antique experts and scholars in the industry have gone to the first round of treasure hunting, and then a wave of awesome collectors in the industry swept the second round.
The question is, as an amateur antique lover, are you still willing to sweep the third round?
I guess you might say no. What meat will be left on the bones that these people have chewed?
In fact, the stock market is not much different, but most retail investors have made the opposite choice.
Without an investment research team,
Without massive data,
Without first-hand information,
Can't do regular company surveys,
You can't have face-to-face communication with big names from all walks of life every once in a while.