a bird in the hand is worth two in the bush แปล: คุณกำลังดูกระทู้
There’s a mindset of swinging for the fences that exists when people are lacking in their life financially.
The ironic thing about taking big risks where the downside is losing everything is that it is rarely wealth-producing. In fact, it can create a lot of setbacks and emotional distress. The very wealthy actually took a lot less risk than many think. They think in terms of asymmetric risk versus reward.
The opposite mindset of risking it all for gains is one of just totally giving up and not trying or attempting to grow. There is a middle ground between risking it all and doing nothing. That is the investing mindset of swinging for singles and doubles. There is a middle ground of methodically measuring and making pragmatic investment decisions.
There’s an old saying that shares this concept. It’s the story of Aesop’s Fable.
Warren Buffett had this to say about Aesop’s Fable:
“The formula for value investing was handed down from 600 B.C. by a guy named Aesop. A bird in the hand is worth two in the bush. Investing is about laying out a bird now to get two or more out of the bush. The keys are to only look at the bushes you like and identify how long it will take to get them out.”
Another idea from Warren Buffett on this Fable:
“Leaving aside tax factors, the formula we use for evaluating stocks and businesses is identical. Indeed, the formula for valuing all assets that are purchased for financial gain has been unchanged since it was first laid out by a very smart man in about 600 B.C. (though he wasn’t smart enough to know it was 600 B.C.).
“The oracle was Aesop and his enduring, though somewhat incomplete, investment insight was ‘a bird in the hand is worth two in the bush.’ To flesh out this principle, you must answer only 3 questions.”
1. How certain are you that there are indeed birds in the bush?
Is the investment one we understand, is it within our circle of competence, does the business possess a moat that is enduring?
2. When will they emerge and how many will there be?
What is the total amount of cash flow (owner’s earnings) the business will produce from now until judgment day and when is the cash flow expected to be received?
3. What is the risk-free interest rate (which we consider to be the yield on long-term U.S. bonds)?
“If you can answer these three questions, you will know the maximum value of the bush and the maximum number of the birds you now possess that should be offered for it. And, of course, don’t literally think birds. Think dollars.
“Aesop’s investment axiom, thus expanded and converted into dollars, is immutable. It applies to outlays for real estate, farms, oil royalties, bonds, stocks, lottery tickets, and manufacturing plants. And neither the advent of the steam engine, the harnessing of electricity nor the creation of the automobile changed the formula one iota — nor will the Internet. Just insert the correct numbers, and you can rank the attractiveness of all possible uses of capital throughout the universe.
“Now, speculation — in which the focus is not on what an asset will produce but rather on what the next fellow will pay for it — is neither illegal, immoral nor un-American. But it is not a game in which Charlie and I wish to play. We bring nothing to the party, so why should we expect to take anything home?
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
As you can see from Buffett, there is so much wisdom buried within the quote “A bird in the hand is worth two in the bush.” Think in terms of the money that you outlay, how long, at what quantities, and at what timeframe to get your investment and more back. Thinking in terms of cash flow for that return rather than what a speculator will pay for what you purchased is an enduring philosophy. This philosophy, as Buffett says, drives all of his investment decisions.
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[Update] “A bird in the hand is worth two in the bush” nghĩa là gì? | a bird in the hand is worth two in the bush แปล – NATAVIGUIDES
‘A bird in the hand is worth two in the bush’ = một con chim trong tay còn hơn hai con chim trong bụi rậm -> nghĩa là nên bằng lòng và trân trọng những gì mình đang có, không nên tham lam hay chấp nhận rủi ro để chạy theo những thứ có vẻ hào nhoáng hơn nhưng cơ hội có được chúng lại không chắc chắn ; đừng nên ‘thả mồi bắt bóng’, ‘a living dog is better than a dead lion’.
Ví dụ
A number of readers said they had calculated their “break-even” date—the point in time when they would begin to come out ahead, dollar-wise , if they delay Social Security. For most, that moment arrives in their late 70s or early 80s—and readers told us they aren’t willing to gamble on that long of a wait. “My break-even point is approximately age 78,” said one reader. “Personally, a bird in the hand is worth two in the bush. A lot can happen between age 62 and 78.”
Lewandowski has scored 154 goals in 196 games for Bayern but hasn’t yet been able to meet expectations on European club football’s biggest stage over the past few years. Both parties are united by the saying ” a bird in the hand is worth two in the bush “. Bayern intend to placate Lewandowski’s dissatisfaction and frustration. This “therapy” is designed to turn things around in the Champions League and make Lewandowski score in the crunch games. Until then, the aim is for the Pole to keep his rhythm. He has got off to a good start by scoring three goals in the German Super Cup that acts as a curtain-raiser to the new season.
In the end, the new Italian government was formed according to the principle that a bird in the hand is worth two in the bush . Matteo Salvini, the leader and clever strategist (chiến lược gia) behind right-wing (cánh hữu) populist (dân túy) party The League, had been hesitating (lưỡng lự) for a long time, pinning his hopes on new elections. His approval ratings had skyrocketed (tăng mạnh, tăng chóng mặt) in recent polls (thăm dò) and he was hoping his party could ride that momentum into a new parliament (nội các mới). Prudence (thận trọng) eventually prevailed, and for the second time he gave his blessing to a forced marriage with the 5-Star Movement (M5S).
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A bird in hand is worth two in the bush| Expansion of Ideas |Proverb | Thought | Idioms | Slogan |
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A bird in hand is worth two in the bush
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A penny saved is a penny gained
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Warren Buffett recites a 600 B.C. investment equation
Warren Buffett and Charlie Munger answer a question regarding growth and value stocks. From the 2000 Berkshire Hathaway annual meeting.
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A bird in the hand is worth two in the bush | meaning, origin, phrase, translate, google translate
English language | A bird in the hand is worth two in the bush | The meaning and origin of the expression, phrases, proverbs, sayings, learning the English language, speaking the English language
A bird in the hand is worth two in the bush | meaning, origin, phrase, translate, translation, word, google translate, idioms, words, translate, translations, book
English originated in England and is the dominant language of the United States, the United Kingdom, Canada, Australia, Ireland, New Zealand, and various island nations in the Caribbean Sea and the Pacific Ocean. It is also an official language of India, the Philippines, Singapore, and many countries in subSaharan Africa, including Nigeria, Ghana and South Africa. English is the first choice of foreign language in most other countries of the world, and it is that status that has given it the position of a global lingua franca. It is estimated that about a third of the world’s population, some two billion persons, now use English.
English belongs to the IndoEuropean family of languages and is therefore related to most other languages spoken in Europe and western Asia from Iceland to India. The parent tongue, called ProtoIndoEuropean, was spoken about 5,000 years ago by nomads believed to have roamed the southeast European plains. Germanic, one of the language groups descended from this ancestral speech, is usually divided by scholars into three regional groups: East (Burgundian, Vandal, and Gothic, all extinct), North (Icelandic, Faroese, Norwegian, Swedish, and Danish), and West (German, Dutch [and Flemish], Frisian, and English). Though closely related to English, German remains far more conservative than English in its retention of a fairly elaborate system of inflections. Frisian, spoken by the inhabitants of the Dutch province of Friesland and the islands off the west coast of Schleswig, is the language most nearly related to Modern English. Icelandic, which has changed little over the last thousand years, is the living language most nearly resembling Old English in grammatical structure.
English is the language of science, of aviation, computers, diplomacy, and tourism. Knowing English increases your chances of getting a good job in a multinational company within your home country or for finding work abroad. It’s also the language of international communication, the media and the internet, so learning English is important for socialising and entertainment as well as work!
As of 2020 there are 1.27 billion English speakers around the world. This makes it the most spoken language, ahead of Mandarin Chinese (1.12 billion speakers) and Hindi (637 million speakers). More than 50 countries officially list English as an official language.
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ขอบคุณมากสำหรับการดูหัวข้อโพสต์ a bird in the hand is worth two in the bush แปล