巴菲特：永远只和信任的人打交道...

Core Viewpoint - The article emphasizes the importance of understanding the companies in which one invests, as highlighted by legendary fund manager Peter Lynch, especially during market volatility [2][3]. Group 1: Peter Lynch's Insights - Peter Lynch participated in a dialogue at Fidelity Investments, where he shared his views on investment strategies and market behavior [1]. - Lynch believes that individual investors possess significant advantages, provided they have a thorough understanding of their investments, stating that "investing is not an IQ game, but relies on diligence, common sense, and field observation" [3]. - He warns that if investors do not understand the companies they are buying, they will panic during market downturns, suggesting that they should refrain from investing in such cases [2][3]. Group 2: Market Context - The article discusses recent market volatility, triggered by comments from former President Trump, which resulted in a $2 trillion drop in U.S. stocks, causing anxiety among Chinese investors [2]. - It highlights the normalcy of market fluctuations and the necessity for investors to be prepared for such events [2]. Group 3: Additional Recommendations - The article mentions other notable discussions, including NVIDIA's CEO addressing controversies in the tech sector and Ray Dalio's advice on diversification for Chinese investors [4]. - It also suggests exploring ETFs related to the gaming industry and those with high exposure to the "fruit chain" [4].