An Open Letter to Warren Buffett (Three):

From 1996 till now, I have been studying Buffett’s grand thought andpracticing his techniques. I also advocate them in order to benefit more investors.

(1)Looking for the stock market’s bars that I can easily step over

In 2002, on 94^th and 96^th editions of the Securities Market Weekly Iwrote an article called Looking for the Securities Market’s Bars That Can Be Easily Stepped Over under the pseudonym of Guo Qiang. In this article, I pointed out that Buffett’s thought was very broad and profound and its value was like a sailing compass in an ocean.Anyone can come to the same conclusion without doubt if he reads Buffett’s books systematically for 20 times like me. “I don’t look to jump over 7-foot bars; I look around for 1-foot bars that I can step over”---one of Warren Buffett’s well-known quotations becomes my investing compass.

The subjects of each paragraph in the article are as follows: a. heavystrikes after freshly jumping into the stock market; b. great gratitude to Warren Buffett; c. my investing compass; d. turning the stock market into the heaven; e. investing in things you’re most familiarwith; f. following up Warren Buffett forever.

(2) Advocating Warren Buffett’s thought through TV media

From January 2010 up to now, I have been frequently sharing Warren Buffett’s legendary investing stories and advocating his thought and wisdom to investors through the Beijing TV Station.

Yang Baozhong video links:http://www.youku.com/playlist_show/id_17285261_ascending_1_mode_pic_page_1.html. 

From August to November, 2010, a 10-episode program calledApproaching Master Warren Buffett had been produced successfully. It was evaluated to have great historical value and huge impact among investors.

10-episode program Approaching Master Warren Buffett

Episode one: Starting from when the master was born

Episode one’ video link:

http://v.youku.com/v_show/id_XNDEzNjIyNjIw.html?f=17285261

Episode Two’s video link:

http://v.youku.com/v_show/id_XNDEzNjg2MjQ0.html?f=17285261

Episode Three’s video link:

http://v.youku.com/v_show/id_XNDEzNzgwNDky.html?f=17285261

Episode Four’s video link:

http://v.youku.com/v_show/id_XNDEzOTQ0ODAw.html?f=17285261

Episode Five’s video link:

http://v.youku.com/v_show/id_XNDEzOTQ0ODAw.html?f=17285261

Episode Six’s video link:

http://v.youku.com/v_show/id_XNDE0Mzk3Mzk2.html?f=17285261

Episode Seven’s video link:

http://v.youku.com/v_show/id_XNDE0NzMwMjY4.html?f=17285261

Episode Eight’s video link:

http://v.youku.com/v_show/id_XNDE0Nzc2NTk2.html?f=17285261

Episode Nine’s video link:

http://v.youku.com/v_show/id_XNDE0ODM5MjQ0.html?f=17285261

Episode Ten’s video link:

http://v.youku.com/v_show/id_XNDE0OTA4NDQ0.html?f=17285261

(2)Warren Buffett’s Thought in China

In 2012, a book called The Stock Market’s Experts Are Different from You was published. I wrote the Chapter Eight for this book. It was called Warren Buffett’s Thought in China.

Warren Buffett’s Thought in China’s website:http://blog.sina.com.cn/s/blog_6571b4ad01013pf1.html

(3)Staying Away from Noise

Recently I have been invited to write a recommendation foreword for the 3^rd edition of the book The Warren Buffett Way. The title of the recommendation foreword is Staying Away From Noise.

The website of the recommendation foreword:

http://blog.cnstock.com/bft/group.asp?cmd=show&pid=1865292

Staying Away from Noise

I was very excited with publishing of the book of The Warren Buffett Way 3^rd edition. I was once wiped out in the stock market and wondered why I couldn’t survive there. It was this book that made me to take the path of value investment and changed my fate completely.

At the award ceremony of 2010 Annual Best Researcher with Beijing TV Station, I cried out one sentence buried in my heart for ages. “It isWarren Buffett’s grand thought and wisdom that have rescued me. Every time I can’t stay peaceful when recalling the history.

In 1993, I jumped into the stock market blindfolded and was addicted into technical analysis. Within 3 years I got wiped out. I was feeling like living in a hell. In 1996 when I felt most desperate, there published an article called The Securities Investment Magnate---Warren Buffett in the Shanghai Securities News on Jan 24^th, 1996. It was written by aChinese American Prof. Sun Di. It was the first article to introduce Buffett. At that time, his name was strange to Chinese investors. The article enlightened me at once. From then on, I have been collecting any information about Buffett.

On September, 1996, I was introduced accidentally to a book calledThe Warren Buffett Way (1^st edition). It was about Warren Buffett and published by Yuan-Liou Publishing Co., Ltd on May 1^st, 1996.

Over the past 20 years I have read the book as many times as possible and benefited most from it; I have taken the most notes of it and gained most; I also have recommended it to stock investors most.Over the past 20 years this book has witnessed my path of learning,practising and advocating his theories of value investment. 

Up to now I can still remember vividly the moment when I was reading this book. In the preface the author wrote: “As a young professional during the 1980s, I found that my head was perpetually spinning as Itried to keep up with the stock market, the economy, and the constant buying and selling of securities. Yet, each time I read a story about Warren Buffett or an article written by him, his rational voice seemed to rise above the market’s chaos. It was his calming influence that inspired me to write this book.” People who are deeply trapped into the stock market speculating and trading frequently experience too much excitement of the market but they eventually end up unsettled.Under the influence of fear and greed, we constantly buy and sell.While our spirit is tortured, our loss worsens badly. Only those who have experienced that can understand how sad it is!

Buffett’s rational voice has made me to see the light afar in the dark night. Longing for help, I have been looking for the right path to success in the book. It says, “Warren Buffett thinks that what he does is not beyond anyone’s ability.” However, the good thought can only help those who help themselves. Someone’s change depends entirely on his or her inner heart. I have come to realize no matter how deeply and broadly you understand his investing theories, you can’t profit from the investment if you don’t control your mood efficiently and stay away from the stock market. Then how can I stay away from the stock market?

In order to stay away from the temptation of the stock market, Ispecially set up a solitary study. Whenever I sit quietly and read Warren Buffett’s articles, his rational voice is just like a calmative, slowing my manic heart down. This learning process has brought me huge enjoyment unexpectedly and made me understand that the real happiness in life is not coming from material enjoyment but frompursuing some interest or the process of doing what you enjoy most. Islowly feel that by studying the stock investment, Buffett’s thought and wisdom I become happiest in life. Under the urging of my interest,I have gradually formed a habit of staying away from the stock market.

One day in 2003, I was reading The Warren Buffett Way while copying his investing quotations, one of which goes like “The only value of stock forecasters is just to make fortune tellers look good.” At the same time,I was listening to a song called “Standing-up Slaves Are Singing”. All of sudden, I felt extremely excited and couldn’t hold back my inner excitement and sadness. I sent a text message to many friends. I also shared about this moment in the 10-episode program ApproachingMaster Warren Buffett.

“Life is so beautiful. This morning while I copied Warren Buffett’s wise quotations, I was listening to a song I heard 20 years ago. I thank the composer, the singer. I thank Warren Buffett. I thank those helped me.I have spent a very beautiful morning. There are so many beautiful things in life. It will be regretful if we don’t enjoy them.”

A few books, a few plants, two loudspeakers, a quiet environment brought me such huge spiritual enjoyment. It is just incredible. While Iam staying away from the stock market and studying Buffett’s thought, the book The Warren Buffett Way has always been beside me. Warren Buffett is my hero. It is he who has rescued me from the speculation of the stock market and made me to lead a normal life.

People may ask how I am able to stay away from the stock market without checking up the real-time stock updates. My experience is to follow the nature of habits. Warren Buffett once said: “Each morning when I get up, I always start to wear a certain pair of shoes and shave a certain side of my face first.” It is the habit to make me accumulate great wealth. Because I am not used to checking real-time stock updates, seeing them actually makes me uncomfortable.

The Warren Buffett Way is such a good book for us to study value investing theories of Warren Buffett’s. As long as we quiet ourselves down to read it repeatedly, the result will be beyond our imaginations. Isincerely wish Warren Buffett’s thought and wisdom can benefit more and more investors. I also sincerely wish more and more investing friends would take the path of value investment and become long-time winners in the stock market.

 

 

                                                   致巴菲特一封公开信（三）

 

从1996年至今我一边学习、研究、实践巴菲特伟大思想和智慧，一边通过积极宣讲巴菲特伟大思想和智慧使更多的投资者受益。为巴菲特思想在中国的传播贡献了自己微薄之力。

 

（一）寻找能轻松越过的股市栅栏

2002年在《证券市场周刊》第94期，第96期中我以国强的名义发表了《寻找能轻松越过的股市栅栏》的文章。

 

 

在文章中我指出：巴菲特思想非常博大精深，其价值就像大海行船时的指南针，任何人只要像我一样将有关巴菲特的书系统地读上二十遍，不难得出和我一样的结论。巴菲特投资名言：“我并不试图越过七尺高的栅栏，我到处寻找的是我能跨过去的一尺高的栅栏。”是我一生的投资指南。

文章的段落题目是：（1）初入股市打击沉重（2）感谢巴菲特（3）一生的投资指南（4）股市变成天堂（5）投资自己熟悉的事物（6）永远跟随巴菲特

（二）通过电视媒体宣讲巴菲特思想

从2010年1月至今我频繁通过北京电视台向投资者介绍巴菲特传奇式的投资故事、投资理念、思想和智慧。杨宝忠视频专辑链接：http://www.youku.com/playlist_show/id_17285261_ascending_1_mode_pic_page_1.html

2010年8月至11月成功制作了十集走近大师巴菲特系列节目，被投资者评价为具有历史价值的系列节目。在投资者中产生了很大的影响。

                                                             十集走近大师巴菲特系列节目

                                                         第一集：从大师出生讲起

第一集视频链接：http://v.youku.com/v_show/id_XNDEzNjIyNjIw.html?f=17285261

第二集视频链接：http://v.youku.com/v_show/id_XNDEzNjg2MjQ0.html?f=17285261
第三集视频链接：http://v.youku.com/v_show/id_XNDEzNzgwNDky.html?f=17285261

第四集视频链接：http://v.youku.com/v_show/id_XNDEzOTQ0ODAw.html?f=17285261
第五集视频链接：http://v.youku.com/v_show/id_XNDE0MTAxMDEy.html?f=17285261

第六集视频链接：http://v.youku.com/v_show/id_XNDE0Mzk3Mzk2.html?f=17285261

第七集视频链接：http://v.youku.com/v_show/id_XNDE0NzMwMjY4.html?f=17285261

第八集视频链接：http://v.youku.com/v_show/id_XNDE0Nzc2NTk2.html?f=17285261

第九集视频链接：http://v.youku.com/v_show/id_XNDE0ODM5MjQ0.html?f=17285261

第十集视频链接：http://v.youku.com/v_show/id_XNDE0OTA4NDQ0.html?f=17285261

 

（三）巴菲特思想在中国

2012年出版的《股市高手和你不一样》一书中，我撰写了书中的第八章。题目是：巴菲特思想在中国

巴菲特思想在中国文章链接网址：http://blog.sina.com.cn/s/blog_6571b4ad01013pf1.html

 

 （四）远离喧嚣

最近我应邀为最新出版的《巴菲特之道》（原书名：The Warren Buffett Way）一书撰写了序言，序言的题目是：“远离喧嚣”。

 

 

文章的网址为：http://blog.cnstock.com/bft/group.asp?cmd=show&pid=1865292

 

 

《远离喧嚣》

    
    《巴菲特之道》（第三版）的出版使我即兴奋又感慨万千。我曾经在股市里一败涂地，感叹这样大的股票市场竟没有我立足之地。正是这本书让我走上了一条价值投资的道路，使自己的命运发生了彻底的转变。
 

在北京电视台2010年度“最佳研究员”人物颁奖典礼上，我喊出了埋藏在心底已久的一句话：“是巴菲特伟大思想和智慧挽救了我。”回顾这段历史我的心情总是久久不能平静。

    

1993年我盲目进入股票市场，痴迷技术分析，三年时间亏损的一塌糊涂，就像生活在地狱里一样。1996年在我感到彻底绝望的时候，巴菲特思想开始传入中国。1996年1月24日由美籍华人孙涤教授撰写的《证券投资巨擘——华伦·布费》一文发表在上海证券报上，这是大陆第一篇介绍巴菲特的文章，那时巴菲特的名字对中国投资者来说还十分陌生。这篇文章让我经历了一次顿悟，从此开始如饥似渴地收集一切有关巴菲特的信息。
     

1996年9 月偶然得到一本介绍巴菲特的书《胜券在握》（就是《巴菲特之道》第一版），由台湾远流出版事业1996年5月1日出版的。
       

《巴菲特之道》是近二十年来我阅读最多、收获最多、笔记最多、感悟最多、向股友推荐最多的一本研究巴菲特最好的书。它见证了我近二十年来学习、研究、实践、宣讲巴菲特价值投资理论所走过的道路。 
       

至今我还清晰记得当年读这本书时的情景，书的作者在书的序中写到：“作为一个九十年代的年轻专业人员，当时我满脑子只想要赶上瞬息万变的股票市场，巴菲特理性的声音在喧闹嘈杂、甚嚣尘上的市场中仿佛一股清流。就是他那种平静的影响力激励我写这本书。”是啊，深陷股市猜涨跌频繁交易陷阱的人们，经受着股市太多的刺激，终日心神不宁。在恐惧与贪婪两种情绪的反复作用下，不断地追涨杀跌，在精神备受折磨的同时，财富亏损变得越发严重。只有经历过的人们才知道那是怎样一种痛苦的滋味！

巴菲特理性的声音让我在茫茫黑夜中看到了远处的光明，我带着求救的渴望贪婪地在书中寻找着通往成功的正确道路。书中讲到：“巴菲特认为：他所做的一切，不超出任何人的能力。”但是，好思想只会帮助那些乐于帮助自己的人，一个人的转变首先取决于他的内心。多年以来，我逐渐认识到无论一个人对巴菲特投资理论理解的有多全面多么深刻，如果做不到远离股市，就无法有效控制自己的情绪，就无法从投资过程中获利。我是如何做到远离股市的呢？
   

 为了躲避股市的诱惑，我特意安排了一个独处的书房。每当我静静地坐在书房里研读巴菲特写的文章时，他理性的声音就像是一种镇静剂，使我狂躁的心平静下来。这一学习过程给我带来了意想不到的巨大的精神享受，使我明白了人生真正的幸福，不是来自于奢华的物质享受，而是来自于对某种兴趣的追逐，来自于做自己喜欢做的事情的过程之中。我渐渐发现研究股票投资，研究巴菲特思想与智慧，已经成为生活中最快乐的事情。逐渐变成了一种兴趣。在兴趣的推动下，我逐渐养成了远离股市的习惯。
 

2003年的一天，我一边阅读着《巴菲特之道》这本书，一边抄写着巴菲特投资名言：”股市预测专家存在的唯一价值，是使算命先生更有面子而已。 “一边听着《翻身农奴把歌唱》。我突然感到无比激动，我抑制不住内心的激动与感慨，给许多朋友发了一条短信。在2010年北京电视台录制的十集《走近大师巴菲特》节目中我与大家分享了当时的感受。