Thanksgiving is coming. In addition to being grateful for th...

Thanksgiving is coming. In addition to being grateful for this great era, parents, family, teachers and so on, I think I have to be grateful for someone else. That's frustration.

Whenever I see a new expert in stock market, I think there is always a pit waiting for him. Whether it's the magic formula or the high-ROE strategy favored by Warren Buffett, long-term historical backtracking shows that while beating the index in the long run, it's not uncommon to lose in the short run, even for a year or two. And us investors are mainly looking at the present performance, the reality is often cruel, the market seems to be against us, just as we bought it began to go down. In fact, a period of good performance, due to inertia, often overdraft PE, ROE and other data, overdraft after the negative is very normal. On the contrary, a period of poor performance actually builds momentum, and often when you are disappointed, the strategy magically improves.

Whether in life or investment, we should be grateful for the lingering companion of frustration.