also because of the great cr cashbackforexpipcalculatoris, cashback forex is a deeper appreciation of the bl forexcashbackprofitcalculatord movement of the group he realized that, as individuals with the ability to think independently, people are usually wise cashback forex profit calculator rational, but when the group, the emotions of each other, but all become a group of fools, always too excited when the stock market rises, and too depressed when it falls Baruch sneered: the stock market exists for the purpose of making as many people as possible fools. Isnt the purpose of the stock market is to make as many people as possible into fools? To this day, mass blindness is still played out in the stock market in various refurbished forms, such as the concept of the Internet economy, which makes us feel sorry for ourselves if we are not careful. Remember the story above about Baruch saving Churchills life by hedging his bets?　　It is also because of his independent and solitary investment style, Baruch earned the nickname Lone Wolf Baruch recalled the situation on the eve of the Great Crisis, said that as stock prices soared, people had forgotten the most basic things like two plus two equals four, and even the kids on Wall Street shining shoes began to recommend to him to buy stocks, so he had to believe that it was time to get out of the market?　　In fact, the masses are always wrong is the first tenet of Baruchs investment philosophy, and many of his insights about investing are derived from this basic principle. For example, Baruch advocates a very simple criterion to identify when it is considered low to buy and high to sell: when people are cheering for the stock market, you have to sell decisively, regardless of whether it will continue to rise; when the stock is so cheap that no one wants it When the stock is so cheap that no one wants it, you should dare to buy it, regardless of whether it will fall again People often marvel at Baruchs judgment to grasp the fleeting opportunity to which he explained: I am not smart, but I like to think that everyone has seen the apple fall from the tree, only Newton to ask why He believes that any so-called real situation in the stock market is indirectly conveyed through peoples emotional fluctuations; in In any short period of time, stock prices rise or fall mainly not because of objective, non-man-made economic forces or changes in the situation and circumstances, but because of peoples reactions to what is happening So he reminded everyone that the basis of judgment is understanding, if you know all the facts, your judgment is right, and vice versa, your judgment is wrong?　　In terms of understanding the psychology of the public, Warren Buffett and Baruch are the same as Warren Buffett often says that in the public greed you have to shrink, in the public fear when you want to enter? Indeed, there are many similarities between the two masters in terms of investment philosophy, such as our aforementioned judgment on the value of a companys investment, and their views on whether to adopt a concentrated or diversified investment strategy are basically the same?　　However, there are still obvious differences in their investment styles Baruchs investment approach is more flexible and versatile, and he advocates a firm stop-loss He said that if investors have a sense of stop-loss, even if only three or four times out of ten, they will become rich He urged investors to have two hands ready to turn away at any time Buffett seems to be more serious and clumsy, for the investment plan has been developed easily do not change, he said If you cant execute the plan with ease after the stock price has fallen by half, you are not fit to do stock investment.　　Lets imagine what it would have been like if Buffett had gone back to the 1920s and 1930s, when Buffett might have been able to escape the Great Crisis, and Baruch would have made a thrilling jump at the last minute and been able to exit in one piece. He was an advisor to six U.S. presidents and played an important role in U.S. foreign relations after World War II.　　Baruch was appointed by President Wilson as an advisor to the National Defense Council in 1916 and was honored to go with Wilson to the Versailles Conference. Baruch became a key member of Roosevelts New Deal think tank, and a series of his economic proposals, including a tax plan that kept revenues within limits, industrial priorities, rent caps, and a synthetic rubber program, were adopted by the Roosevelt administration and became important policies to promote the recovery of the U.S. economy After the war, Baruch was appointed by President Truman to participate in the United Nations Atomic Energy Council and played a considerable role in international affairs. Baruch College is just one of the many contributions he has left to the world beyond his investment legacy?　　Baruch died in 1965 at the age of 95, having lived a blessed life.