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Rocket Lab Return RateSince I stopped learning English, Duolingo has started to plummet.
This wave of Duolingo's $Duolingo(DUOL.US) decline gave me a particularly good lesson. I need to write this lesson down and remember it firmly.
1. Investment itself must be highly consistent with the investor. I cannot accept such high volatility, so next time I must avoid situations where I think I can profit from volatility. It makes me uneasy, I cannot bear it, so whether I make or lose money, I should not touch it again.
2. Peter Lynch said ten thousand times not to catch a falling knife. Why do you think this knife has stabilized when the P/E ratio reaches 16? Now at P/E 12 it's not stable either. I need to clearly feel the sensation of the knife landing in my hand. I must always remember this taste of pain.
3. Charlie Munger said, "Buy great stocks at a fair price." What is great? What is fair? I'll have to figure that out slowly.
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