What I said below is about Taiwan stock market and those who put money in.
Many investors are zealous about the short term operation in the stock market. Day after day; week after week, they care only about the surface of the stock prices pattern, such as uptrend and downtrend lines; double top(M pattern) and double bottom(W pattern). They will ask questions like, is that any trend line break? If the downtrend line appears, will Taiwan stock market keep goes down? How low will the stock index go? Although they focused on the daily ,weekly or monthly price fluctuation, they paid no attention total annual profit. They do not concerned about the major global events as September 11 attacks and Plaza Accord, which was an important international agreement impacted currency market severely. In the history of Taiwan stock market, many investors were involved in the growth of Foxconn Technology Group, the extension of Taiwan Semiconductor Manufacturing Co., Ltd., the rising of 2601 FSC, 2014 CHUNG HUNG, 5483 SAS, but only few would be able to accumulate wealth in the end of the process. Only when one knows how to pinpoint a profitable stock after stock and then repeat the process, will he be able to profit from it tens of thousands fold and more.
Many investors are zealous about the short term operation in the stock market. Day after day; week after week, they care only about the surface of the stock prices pattern, such as uptrend and downtrend lines; double top(M pattern) and double bottom(W pattern). They will ask questions like, is that any trend line break? If the downtrend line appears, will Taiwan stock market keep goes down? How low will the stock index go? Although they focused on the daily ,weekly or monthly price fluctuation, they paid no attention total annual profit. They do not concerned about the major global events as September 11 attacks and Plaza Accord, which was an important international agreement impacted currency market severely. In the history of Taiwan stock market, many investors were involved in the growth of Foxconn Technology Group, the extension of Taiwan Semiconductor Manufacturing Co., Ltd., the rising of 2601 FSC, 2014 CHUNG HUNG, 5483 SAS, but only few would be able to accumulate wealth in the end of the process. Only when one knows how to pinpoint a profitable stock after stock and then repeat the process, will he be able to profit from it tens of thousands fold and more.
The stock market investment is a competition of wisdom, not skills. Many people are wondering why couldn’t I accumulated much money while I had profited at the short term operation? When one operate wrong strategy, he will not be able to find the wealth. The mistake they made is that they didn’t see the big picture of globalization trend, but only focused on the narrow view of trend line analysis. They knows nothing about the causes of Foxconn’s success. I had read many books about Foxconn. None of the books were mentioned about the historical background of his time, but only words to praise the success of Terry Gou, the founder of Foxconn. The fact is that without Mr. Gou sized the opportunity of “globalization trend” in his time, he would never achieve his success. There were the same stories as Morris Chang, the chairman of Taiwan Semiconductor Manufacturing and Jonney Shih, the chairman of ASUSTeK, they were taking the opportunity during the burst of WINTEL(Window - Intel) framework.
The wise men like them appeared in every generation, including the period of electronic stocks arising and the time of Plaza Accord. There were more examples like the stepped-up of Fubon Group and bursted of Cathay Life Insurance between 1987-1989. The fact tells a truth, you will achieve their success if you follow their example.
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