Category: Money tips Release Date: 2006-12-13
An oil prospectors preparing to enter heaven, when St. Peter stopped him and told him a very bad message: "Although your good deeds during his lifetime enough to make you eligible to go to heaven, but heaven allocated to the oil industry to live place has been full, and I can not go in your placement. "listening to the oil explorer, musing a minute after the St. Peter's made a request:" Can I go with the people who live in heaven say sentence? "obtaining consent, the oil prospectors on the front of heaven who cried out:" The discovery of oil in hell! "Carter, heaven all the oil industry are flocking toward hell. St. Peter was surprised to see such a situation, and requested the oil explorer to heaven to live. But the oil explorer hesitated for a moment, said: "No, I think I still went to hell with those people to try his luck bar, chances are really oil it."
This is the investment guru Graham in evaluating investment behavior when talking about blind obedience to a story, it is graphically depicted on the market today to listen to the message and follow the trend of popular acts, such acts not only reflected in the investment side, is also reflected in being invested the main listed companies. Market entry in May, they were shown even more clearly, and the resulting reaction was soaring broader market plummeted, the volatility. The market new energy hot, so who will be involved or have information related to photovoltaic cells, polysilicon, wind on the soaring stock prices of listed companies; By this time, the supply also provides faster, a number of main business with unrelated enterprises have set foot in new energy, and even the technology still in the laboratory could not wait to hang out out Xianbai. We do not believe that the new energy is not good, but if the rush to be able to do a good job is clearly unrealistic. The same phenomenon has also directed issuance of listed companies, listed as a whole, the matter can thicken the performance, first rose to say. In the end, we see the stock performance: "Chu Laihun always have to repay."
Under the direction of each new investment, are pregnant with opportunities for high return on investment, this is indeed not to be missed, if sufficiently sensitive and early response in the market has been involved in, it is worth celebrating is little risk, high-yield can be expected, but the sharp often only a small number of people, if a later stage, also to follow suit, and that unless a step in the smaller number of successful companies (such as investment opportunities in the Internet under the Microsoft, GOOGLE, etc.), otherwise, escape the paradise they had on the final Or hell, under the "oil prospectors" fate.
If you follow the trend by many people to follow a rational benefit of them, and imagine all the comfortable air out of heaven, which is not quite good? But the premise is that can not and thought: "Otherwise, also go to hell with luck."
(The author is Guangfa grand international fund managers)
