Category: Money Tips Date: 2007-05-16
The World Cup, one of the most impressive game of the second round against Argentina, Germany, the two top teams in the meet in the knockout round, after 120 minutes to play tug of war between the two sides became 1:1, audience here, the atmosphere was suffocating because the two sides will be carried out thrilling penalty shootout. Germany goalkeeper Jens Lehmann saved two penalties, de penalty shootout ended in the outcome of the German 5:3, the German team into the semi-finals with head held high.
People look at video after the match and found a small detail, Lehmann before each race must be a sock from his right leg pulled out a piece of paper, and then confidently on the floor of the stadium. Later, the German team recognized this note Kopke, Germany goalkeeping coach before the hand in the penalty shootout to Lehman, the top teams of Argentina are most likely to kick a penalty shot list and their habits. Stunning is that Kopke written exactly the same as with the actual situation. A penalty kick by German calculation was so accurate, Prior to this, most people think that saved a penalty can only rely on luck, but the Germans with their extraordinary hard work and dedication of spirit will one seemed to have no summed up the law of the laws of things, but people feel this admiration. As exactly the same as Beckenbauer, the German team unbeaten in the World Cup penalty not rely on luck, but that it was the meticulous preparation and in the game on a brave heart.
Investing in this arena, there are also many people blame their investment performance to luck, especially the stock market, many investors sighed, indignant: "Why is my luck is so poor, a buying stocks on down!" And the real Investment Master never accepted the role of luck on the investment, Buffett's most famous speech, "Why is the value of investments can continue to beat the market" will depend on luck to those investors who ironically throwing coins for the orangutan.
In the market before the investor to maintain a rational decision-making is a very difficult thing, many investors can not help but Pujin watching someone else make money markets, however, is often a lack of information and skills to make investments to give up their independent judgments in favor of leaving at the mercy of the market will be its own funds entrusted to "luck" with the result in the loss of money market investments.
After watching countless biographies and motto Master investments, we can conclude that: Investment never luck. Master Gao Ren these successful experiences can be summed up summed up by four points:
The first is rational. Reason would be the fate of people teasing, more often than is human nature of greed, fear, or foolish idea of the error. Is now extremely buoyant market, many people had been in May before the advanced more than 50% of those who frequently attracted by the yield, but forget a few years ago stock market is dropping four and a half years to be learned. Chinese investors Few people can tolerate their own annual rate of return less than 30%, not wait for the stock will be doubled tomorrow, did not know that the investment performance of the world's best investment master Warren Buffett average annual compound rate of return for a mere 23%. In the unreasonable expectations, the investors are bound to a step by step into the trap. The masters give people the first lesson is: beat the market must be overcome before their own, we must resist the weaknesses of human nature.
The second is research. Peter Lynch, said: "do research on the investment with the cards on the playing cards do not look as dangerous as the game." Kopke Germany's goalkeeper coach in order to beat Argentina, in the pre-race analysis of the disposal of Argentina's all the information, for which specially equipped with a German team's chief scout Nishine Taler and several assistants responsible for collecting intelligence on Argentina's players, they do also gathered thick on penalty kicks after Argentine player database. Spared no effort these preparations, it is no wonder that Germany's goalkeeper during a penalty if fabulous as the flutter. Like with the German team, the investment gurus constantly research the market and listed companies, to learn the relevant financial, finance, industry expertise, to read a lot of company annual reports, relevant reports and analysis of listed companies to make accurate value analysis and judgments This yes they are invincible in the market basis.
The third and methods. Successful investors always analyzing and summarizing the laws of the market, find the way to beat the market. Graham asset valuation method, Fisher and Peter Lynch of the price-earnings ratio valuation method, Buffett's cash flow valuation methods are an effective way to invest in the market, these methods and philosophy is successful investors in the long-term obtained by the practice of exploration, is a successful investor beat the market treasure-house of ideas. Investors can summing up, based on previous experience, explored and summed up their own investment approach, so that these methods lead himself to become a victory.
The fourth is to persist. Allow time to beat the market almost every investment choice for master, no master will look to profit the next day. The prevalence of Buffett's shares in the network is a lonely 90 years, but the dot-com bubble burst achievements of his generation of top-performing stocks in the world. Short-term stock prices often deviate from the intrinsic value of the securities, but the long term will gradually return to the value of the stock market in the short term is a voting machine, but in the long run is a weighing machine. Adhere to a correct concept, in-depth research and the right approach, time will give you a double reward. (Guangdong Development Fund Deputy General Manager, Marketing Development Department)
