Hello, this is Sim, who has a heart for safety margins. I just finished a bit of memory capital allocation and work, and now I'm studying English. People often say that every time the stock price falls, it's a matter of response. They say we need to respond well. However, this response usually refers to situations like in war, when the opponent fires artillery. When they shoot, you don't launch a rocket; a rocket would go up into space. It's more like responding to a missile attack. But in investment, saying we can respond to everything is misleading. Investment is about moving towards the future, looking ahead, but humans cannot truly know the future. So how can we respond? What are we going to respond with? Do we have a shield? Are we going to wear a gas mask? Investment is originally a journey from beginning to end.

It's just that you always buy cheaper than the business itself, and that's all there is to it. Producing a product, marketing it, and selling it is what a company does, and investing in that is essential. If you really want to use the term response, it should be about always buying cheaper than the company's business in any situation, ensuring a safe margin. In a way, you could say that this is a response to losses. What kind of response are you looking for? Investment is so simple, yet you keep talking about responses. As the stock price declines, the business becomes cheaper and cheaper. For example, if I'm talking about the semiconductor business, as semiconductor prices drop, the stock prices of semiconductor companies also fall, making the business cheaper.

It's a conversation, right? It's a good thing. But when you keep talking about responding, responding, responding, it gets scary. Rather, prices should drop so that we can buy at a lower price. But when you keep using the term responding, it feels like something is wrong, like something is going wrong. If that happens, we can't do business properly. We are not directly creating something ourselves. What we do as investors is not to go in wearing protective gear and hammering out products or operating machines. We simply buy ownership rights there, become shareholders, and sometimes receive dividends. Then, if the price of the ownership rights goes up, we sell and invest in other companies. The expression responding itself is meaningless. It's too easy; if it's cheap, we should just buy it.

좋잖아, 싸지면 싸질수록 좋다. 어이, 주가가 폭락할수록 걱정을 하면 안 되는데, 이씨, 자꾸 계좌 상태가 순실이 커진다는 그런 생각으로 걱정을 하는 거지. 안 팔면 되잖아. 어제 수량이 중요한 거니까. 근데 이상하지? 본인이 말 그대로 주식을 안 산 상황이야. 안 샀다고 해. 그 주가가 존나게 싸졌나? 싸게 샀어. 그 기분이 좋을 거 아니야. 너무 싸게 샀어. 와, 이게 옛날에 20만 원 갔는데 지금 2만 원까지 하락했어요. 10억이 20억이 이렇게 생각하겠죠? 맞아. 근데 본인이 샀어. 좀 전에 주가가 하락해. 그러니까 이제 반대야. 어, 1억이나 샀는데 이게 2천만 원으로 나중에 변하는 거 아니야? 이렇게 생각하는 거야. 완전 잘못된 생각이지. 어, 싸게 샀으면 됐지. 어, 단기적으로는 하락할 수 있어. 단기적으로, 그거 어떻게 하라. 단기적으로 더 많이 하락할 수 있다는.

I don't know how far to go with this. In the end, if you just hold onto it, it will eventually rise. Remember, it's so easy—it's really easy. But people make investing seem so difficult. There are so many people here who are just obsessed with it, like they're mentally ill. There are too many so-called experts who talk about nonsense. They go on about the yen and the dollar, and they analyze it to death, talking about how strong the market is and whatnot. They start saying so much that it becomes overwhelming. 

When it comes to investing, there are too many words, but how can you make money like that? You just need to buy low. If you find a company that seems cheap, just buy it. Don't worry about the sector; just find companies that are undervalued compared to their worth and buy them. Just hold onto all of them.

There may be some mistakes in what was bought, but those that were purchased well have tripled or quadrupled in value, leading to an overall increase in returns. By holding onto them, when the market prices rise above their intrinsic value, and when the stock market crashes at some point, I can buy more at a lower price. By continuously compounding, I need to keep increasing my investments. People often say you should be out of the market or that you should time your entry and exit, but that's nonsense. It's impossible to perfectly time the market. When there's a market crash, people are anxious and worried, but I think to myself, If stock prices have fallen, I can buy more at a lower price and make a lot of money, just like Warren Buffett would.

You say to think inwardly. Yes, smile inwardly. Right now, those deals are trembling, but since I've accumulated them, now is the time to make money. This is, in fact, how it is. In a way, the truth is that it's better to buy when it's cheaper compared to its value. So, it's good when stock prices fall. The truth is that if the price is lower than its actual value, you can get stuck with it. This is also true. If you buy too expensively, you can get stuck, so you shouldn't buy at a high price. But people do the opposite. That's why they can't invest. This has nothing to do with intelligence. Just because someone graduated from Harvard doesn't make the truth false. Even someone who only finished middle school can understand this. Anyway, it's easy. I'm going to keep studying now. I'll do this for another hour or two and then go out.

While taking a walk, I thought about investing, and isn't this what real life abroad is all about? Yes, this is real life abroad—doing what I want to do. Eating what I want to eat, enjoying ice cream, hamburgers, and all sorts of food. Anyway, let me reiterate: as stock prices fall, they become safer, and as they rise, they become riskier. That's all.

돈벌어 해외에서 250년 살려고 하는 투자자 | 당신이 늘 처 말아먹는이유 : 주식시장에는 띨띨이전문가들로 가득하니까 | 투자의 진실

돈벌어 해외에서 250년 살려고 하는 투자자 | 당신이 늘 처 말아먹는이유 : 주식시장에는 띨띨이전문가들로 가득하니까 | 투자의 진실