Category: Money Tips Date: 2006-04-17
Warren Buffett last year and sent a less than satisfactory report card. Pakistan's view that the U.S. "twin deficits" must wear down the U.S. economy, so he bearish on the dollar and bearish stocks. For the high-tech industries and network business, or stocks in emerging countries, Pakistan's basically do not touch the. Last year, U.S. dollars, however, not only failed to weaken the contrary, the Federal Reserve raising interest rates because of the strong, combined with high-tech and emerging countries, or are greater than the stock S & P 500 index, it is not surprising that his poor grades.
I think the crux of the matter is still "time", that is the trend when it occurred? Will the change in the middle? Such as the U.S. budget deficit is high in the Reagan era, but the Clinton era, economic prosperity, the antidote to years of accumulated budget deficits. This gives us two inspirations: first, the trend occurred at a time it was very difficult to master, such as premature investment, must have a large capital; followed by some factors are likely to change, at this time should closely track changes in the market, timely adjust the investment direction, should not be too "persistent."
Buffett's high-tech field that changes so rapidly, the risk is too high, it is not suitable for long-term investment. This I think: first, high-tech investment is indeed difficult, but not can not be cast, the problem is how to vote. Second, the high proportion of GDP accounted for the future will be higher, can not abandon this one. In 1994, I led a 20 in Taiwan, a team of several researchers to see TSMC, UMC, ASUS, Acer and other initial high-growth, we employ an electronic engineering background as a research fellow MBA assess the various technical development, and technical strength and so on. There are two very good researchers, they type in high-tech fund investment performance appraisal, whether it is five years, three years or one year of the project, all within the first four, retail investors, they are also very confident .
You may think that in general small investors can do? First, as noted earlier, to determine and keep professional fund managers, but also mentally prepared to make long-term investment. On the other hand, using his own life experience, to understand what kind of store brands sold at a higher, more contact with the general scientific and technological information, or make some friends and professional backgrounds. Investment guru Peter Lynch has been strongly advocated by the life experience to help their own investment decisions.
In the final analysis, see more examples of others, especially the master's investment experience, success is not too far away from you. (Cao young non-British Prudential Fund's operations in Greater China CEO, Prudential Foundation Director)
