投資週記：2026年1月1日 A thousand Miles Further! 2026 更上一層樓 (To see a thousand miles further, climb up one more floor.)
投資週記：2026年1月1日 A thousand Miles Further!
Disclaimer: The information provided here is intended for general knowledge and informational purposes only, and does not constitute financial advice. Investment decisions should be based on your specific financial situation and needs, and after consultation with a qualified financial advisor.
免責聲明：網頁屬個人博客，一切言論純粹是表達本人的個人意見或經驗分享，無論在任何情況下，不應被視為投資建議，也不構成要約、招攬、邀請、誘使、建議或推薦，本人亦無法保證部落格內容的真實性和完整性。讀者務請運用個人獨立思考能力自行求證和分析，讀者一切的投資決定以及該投資決定引致的收益或損失，概與本人無涉。
Here is our performance Summary in 2025:
重點：
我們今年的投資組合回報率約為 30%，這是一個不錯的回報年。我們的投資組合比標普 500 指數高出 13%。考慮到我們投入的精力，業績本來可以更好。但正如巴菲特所說，一年的業績並不能反映我們投資組合的管理能力。我們應該保持自律，始終保持謙遜，尊重市場，並專注於長期成長。
再次重申我們的投資原則：
專注於企業基本面：投資您了解的、擁有持久競爭優勢（「經濟護城河」）、強大管理團隊和持續獲利能力的企業。
以合理的價格買入（安全邊際）：在股票市場價格遠低於其估計內在價值時買入，這可以為應對意外事件提供緩衝。
著眼長遠：採取「買入並持有，直到護城河發生變化」的策略，讓複利在數十年內發揮其魔力，忽略短期市場噪音和波動。
保持耐心與自律：避免衝動決策或擇時交易。巴菲特曾說過一句名言：「股市是將資金從急躁的人轉移到耐心的人手中的工具。」他經常持有現金，耐心等待合適的時機出現，尤其是在市場低迷時期。
投資自己：巴菲特曾說過，你能做的最好的投資就是投資自己（提陞技能和知識），因為這可以提高你的獲利潛力，不受經濟環境的影響。
讓我們保持謙遜、耐心和自律，在新的一年——2026年，我們將走得更遠，攀登得更高。
2026
1. 快速成長－採取更積極的策略，以較小的投資金額買入高成長、高潛力的公司，控制風險。
2. 持續學習－學習我們在投資、生活和成長方面未知的知識。
3. 保持健康－長期策略。
Key Note:
Our portfolio is around 30% return this year, it was a good return year, our portfolio is 13% high than S&P500, compared with the efforts we paid, it could be better performance, but as Warren Buffet said, one year performance doesn't show the capability of our portfolio management capability, we should be disciplined, always be humble and respect the market, and focus on long term growth.
Again, here are our investment principals:
Focus on Business Fundamentals: Invest in businesses you understand with durable competitive advantages ("economic moats"), strong management, and consistent profitability.
Buy at a Fair Price (Margin of Safety): Purchase stocks when their market price is at a significant discount to their estimated intrinsic value, which provides a cushion against unforeseen events.
Think Long Term: Adopt a "buy-and-hold until Moats changes" mentality, allowing compounding to work its magic over decades and ignoring short-term market noise and volatility.
Be Patient and Disciplined: Avoid impulsive decisions or market timing. Buffett famously states, "The stock market is a device for transferring money from the impatient to the patient". He often sits on cash, waiting patiently for the right opportunities to arise, especially during market downturns.
Invest in Yourself: Buffett has said the best investment you can make is in yourself (improving your skills and knowledge), as that can enhance your earning potential regardless of the economic climate.
Let's be humble, patient, and disciplined, in new year of 2026, we will see a thousand miles further, climb up one more floor.
2026
1. Fast Growth - More aggressive strategy with small portion, risk contained buy high growth high potential companies.
2. Keep Study - Learn what we don't know for investment, living and growth.
3. Keep Health - Long term strategy.
