4.3 Long-term Education and the Mirror Effect

长期视角就像一副眼镜一样，在拥有这副眼镜之前和之后，身处的都是同一个世界，但是看到的东西却完全不同。

The world in the mirror and the world outside of the mirror look the same, but they are actually reversed.

对于没有长期视角的投资者而言，他们的目光只能聚焦于短期，并且做出在短期来看好像是正确的事情。

The mirror in this case is an understanding of the long term. It is this mirror that brings about so many surprising examples of the Mirror Effect.

直到自己在市场上做出了很多错误的选择，造成了很多无法挽回的损失才发现自己当初的选择是多么错误！因此培养长期视角十分重要，尤其是在投资领域中培养长期视角！

From a long-term perspective, the market tends to be relatively efficient, and the longer the term the more efficient it will be.
But at any one point in time the market is extremely inefficient.

在长期视角的帮助下，很多重要的问题都会迎刃而解。

The more important the problem the easier it is to solve, and the hardest problems are the easiest to solve. But people waste all of their wisdom trying to solve complicated yet unimportant problems.

在这个镜像效应随处可见的世界，要充分利用自己长期视角的镜片来观察这个世界的本质，而不是再被短期表象所蒙蔽双眼，当得到一段时间的充分理解后，这个镜片会慢慢和双眼融为一体，等到这个时候就可以更加快速的对这个世界做出正确的反应了。

This is the value and necessity of investment education. Your driver must mature, and your black and white horses must be trained. In the end, they will bring you into a mirror world in which everything will look the same but actually be the opposite of what you once saw. In fact, though, the world inside the mirror is the actual nature of the objective world. This is the secret of investment: have a 100% objective understanding of the objective world, and a 100% objective understanding of oneself. It's really very difficult. It's only difficult, though, from the perspective of the present, and it's certainly not impossible. Looked at from a long-term perspective, it shouldn't be difficult at all.

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