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Data:2009-12-12 2:34
1, Warren. Buffett (shares God)
Investment strategy and theory: The foundation for the growth of value investing as the investment strategy. Stress is placed on the quality of individual stocks.
Theoretical explanations: the essence of value investing is that a good quality low price of the intrinsic value of stocks long enough period of time will always reflected in stock prices, using this feature, so that the principal amount of stable compound growth.
Specific approach: buying stock with growth potential, but low stocks, and long-term hold. Is a long-term investment road to riches is to maintain a steady growth each year, using the amazing power of compound accumulated for their own wealth.
To comply with the rules and taboos:
8 stock selection criteria: one must be a consumer monopoly. 2, the product simple and easy to understand the prospects are bright. 3, there is a stable operating history. 4, the management rationality, loyalty to the interests of shareholders first. 5, financial stability. 6, operation, high efficiency, good returns. 7, less capital expenditures, free cash flow sufficient. 8, at reasonable prices.
4 does not: 1, not speculation. 2, let the stock market holding your nose. 3, do not buy the stock are not familiar with. 4, should not be too diversified investment.
The general trend of the relationship with the individual stocks on the view: to focus only on the quality of individual stocks, tend to ignore the general trend.
Forecast the stock market's view: The stock market forecast only value is to allow the fung shui master profit.
View of investment instruments: investment is to buy a company, not the stock. Put an end to speculation, when the speculation seemed readily available, it is most at risk.
Famous words and concepts: "Time is a good friend of investors, bad enemy of investors." "Investment must be rational, if you can not understand it, do not invest." "To succeed, you must reverse the use of Wall Street investment the two sworn enemies: fear and greed. you have embarked on fears of others, when the greed of others close hand. "
Other and achievements: 1930 was born in the United States, Jews, is the father of value investing, Benjamin. Graham students. Shares in 1956 to 100 U.S. dollars, net worth in 2003 reached 42.9 billion U.S. dollars, 46-year annual compound growth of 52.9%.
2, Andrew. Kostolany (Germany shares God)
The investment strategy and theory: the "Kostolany egg" expression based on the theory of twists and turns in the market, on the eve of turning out, reverse operation, to endure the market last fall, away from the market last bit of glory. Stress is placed on market trends.
Theoretical explanation: "Kostolany egg" expressed as: In the securities market, fluctuations are inseparable partners, if not tell the end of fall, you do not see an increase starting point. By the same token, if not tell the end of rising, would be unable to predict the starting point decline. Every time the market or come down by three phases: 1, the amendment stage. 2, adjustment or stage hand in hand. 3, overheating stage. The key to success is in two stages of reverse operation of overheating.
Specific approach: According to the "Kostolany egg" theory of reverse operation, the hot phase in the fall to buy, even if the prices continue to fall, but also do not have to fear, in the rising phase of the amendment to continue to buy hand in hand in the rising phase, only the observation of passive with Quotes fluctuations, to a higher stage of overheating as investors excited when out of the market.
To comply with the rules and taboos:
Law 10: 1, determined and think twice before: whether the buy, what industry, what country? 2, there must be sufficient funds in order to avoid under pressure. 3, be patient, because everything can not be expected, development directions, and we think different. 4, if the trust their own judgments, they must be absolute. 5, to be flexible, and always taking into account the ideas may be wrong. 6, If you see the emergence of new situation, it should be sold. 7, to purchase shares from time to time see a list and check what stocks to buy now also. 8, only to see great prospects of development in order to buy. 9, always taking into account all the risks, even the most unlikely of risks and factors. 10, even if they are right, we must maintain humility.
Ten Commandments: 1, do not follow the recommended run, do not want to be able to hear inside information. 2, do not believe why the sale of the buyer and the seller, do not believe they know more than their own. 3, do not want to re-earn Peidiao back. 4, do not take into account the index in the past. 5, do not forget their own holdings, not because of wishful thinking rather than make a decision. 6, not too much attention to stock price changes, do not respond to any sign of trouble. 7, do not just make money or lose money when you make a final conclusion. 8, and not just want to make money on the stock to sell. 9, not by political preferences affect investment sentiment. 10, a profit, do not be too conceited.
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The general trend and the relationship between individual stocks on the view: in the short-term trend and psychological factors, both with the general trend, the long-term trend, the psychological factors are no longer important, but depends on the fundamental factors in the stock itself, and profitability.
Forecast of the stock market's view: If you want to use the scientific method of forecasting the future direction of the stock market or the person who is not a charlatan, that is, moron, or else both the two kinds of identity.
Investment tools view: Kostolany that speculation is not equal to gamble, because in his concept of the speculation is the idea of planned behavior.
Famous words and concepts: "Only a few people can the success of speculation, the key is different, and believe myself: I know that other people are fools." "Supply and demand price fluctuations, in which there is no mystery." "Will affect the stock market is that the investing public's response to the events, rather than events themselves. "" buy stocks, you need imagination, selling stocks, you need to reason. "" Money + Mental = trend, "" 2 +2 = 5-1 " "See the chart action, and perhaps to make money, but surely lose money."
Other and achievements: 1906 Born in Hungary, the Jews, beginning in 1924, vertical and horizontal investment community 80 years, experienced two bankrupt, earning a lifetime to enjoy endless wealth. Hailed as "the twentieth century witnesses the stock market."
3, George. George Soros (International Sniper)
The investment strategy and theory: the "reflection theory" and the "ups and downs theory" as the theoretical basis, in the market and out of turn at using the "herding effect" take the initiative to manipulate markets under adverse market speculation. Stress is placed on market trends.
Theoretical explanations: Soros's core investment theory is the "reflex theory", it simply refers to the investors and the market's an interactive effect. The theory is based on the proper understanding of the world is impossible, and investors are holding "prejudice" to enter the market, and "prejudice" is to understand the crux of the financial market dynamics. When the "popular prejudices" belongs only to a small minority, the impact is still small, but the bias of different investors in an interactive group of influential generated, it will evolve into a dominant concept. Is the "herding."
Specific approach: In going to the "big play" in the market have invested huge capital to lure investors to be buying frenzy, thereby further driving the market prices until the prices go crazy. Time when the market is about to collapse, taking the lead to sell short, based on the market has been at the peak, fragile and vulnerable, so any sign of trouble can be caused by panic selling, which in turn further exacerbate declines until the crash. Turning point in the ebb and flow of speculative office and out to make the difference.
To comply with the rules and taboos:
There is no strict principles or rules to follow, just by intuition and the offensive strategy of the implementation of winning in one fell swoop "forest law." "Forest Law", namely: 1, patiently waiting for an opportunity there. 2, Aspects of Intellectual Property weak attack. 3, to be ruthless attack, but also to do our best into it. 4, if something not as good as expected, the life insurance is the first consideration.
On the general trend and the relationship between individual stocks that: focus on market sentiment, the general trend of light value stocks. That the short-term market trend is just a kind of "herd behavior" has nothing to do with the quality of individual stocks.
View of the stock market forecast: No forecasts, market opportunities, approaches, take the initiative to guide the market.
Investment tools views: there is no specific investment style, not in accordance with established principles, but they pay attention to rules of the game change. "Hedge funds" this cycle of mortgage lending practices continue to enlarge leverage, leverage the application of this branch, so long as to find a good pivot, it can even leveraging the entire international monetary system.
Famous words and concepts: "speculation as the forest law of the animal world dedicated to attacking the weak, this approach can often shoot with unfailing accuracy." "Any person who has a weakness, and similarly, any economic system also has a weakness, it is often the most impregnable 1:00 . "" herding is speculation every time the key to success, if this effect is non-existent or very weak, almost certainly difficult for us to succeed. "
Other and achievements: 1930 Born in Hungary, the Jews, founded in 1968, "First Eagle Fund", 1993, Wall Street climbed top 100 richest in 1992, fresh attacks pounds earn two billion U.S. dollars, 1997 attacks on the baht, setting off the Asian financial crisis.
4, is the Sichuan Tibetan silver (Japan shares God)
The investment strategy and theory: the foundation of value investing as the "three principles of the tortoise," investment strategy. Value stocks but also about the quality of both the market trends.
Theoretical explanations: the three principles of the Enlightenment to the turtle As for the story of tortoise and the hare, slow-moving tortoise will win the final victory, thanks to playing safe, prudent and careful. Also contains the essence of value investing.
"Turtle three principles," namely: 1, choose a future promising, but have not been aware of the potential of world stocks, long-term holding. 2, daily to closely monitor changes in the economy and stock market, but also their greater effort. Patiently waits for the price rise at the same time, prevent market mutation, missing time to sell. 3, can not be too optimistic, do not think the stock market will always be up non-stop, in the hot market conditions, we should take advantage of the high anti-line of its Road arbitrage.
Specific approach: hard to do homework, collecting a variety of important statistics, detailed analysis of trends to identify changes in the economy, and then to study the results as a weapon stocks. Follow the "three principles of the turtle," eat eat eight.
To comply with the rules and taboos: Second piece of advice:
The first advice, investing in stocks must be within the scope of its own funds.
The second advice, do not be fooled by the news of newspapers and magazines, without considering the investment of funds. Five principles: 1, selectivity is not recommended to rely on people to self -
After the choice has been greater effort. 2, they have to be able to predict one or two years after the economic change. 3, each stock has its proper price, the stock beyond its proper level, it should never be a high catch. 4, stock prices or by the performance of the final decision, been deliberately should stay away from stocks with high dance. 5, at any time may result in unpredictable things, it is important to bear in mind: invest in stocks is always at risk.
The general trend of the relationship with the individual stocks on the view: the general trend with equal emphasis on the quality of individual stocks.
Forecast the stock market's view: Through the study of the basics of exercise, can predict economic trends and thus to some extent to predict the general direction of the stock market. The views of investment instruments: both an investment and speculative purpose was to follow the market.
Famous words and concepts: "The stock market is a place where most rumors, what if every heard rumors, we should buy and sell, then No amount of money, but also not lose."
Other and achievements: Born in 1897 in Japan, started in 1931 to 70 yen in the stock market is flush with more than 30 billion yen.
5, Peter. Lynch (Unit St.)
Investment strategy and theory: The value of investment fundamentals and practical investment strategies. Stress is placed on the quality of individual stocks.
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Theoretical explanations: the essence of value investing is that a good quality low price of the intrinsic value of stocks long enough period of time will always reflected in the stock price, the
With this feature, so that the principal amount of stable compound growth.
Specific approach: the wisdom of their investment from the most simple way of life experience. Excavated from life has the potential of the shares. Investment has the potential to the market and did not pay attention to the company, long-term holding, the use of compound accumulated steadily.
To comply with the rules and taboos: Lynch stock picking taste: 1, silly name. 2, tedious. 3, it is boring. 4, there is an independent subsidiary of asylum. 5, are not well looked concerned about the potential of stocks. 6, filled with rumors of the company. 7, we do not want to concern the industry. 8, an increase in the zero industry. 9, protective trade barriers. 10, consumption of large consumer goods. 11, directly benefit from high-tech customers. 12, and even their employees to buy shares. 13, the company will buy back its own shares. So Lynch shied away from the company: 1, when the stocks. 2, a leading enterprise II. 3, proper job company. 4, a sudden surge in popularity of the stock. 5, lack of bargaining power of suppliers. 6, strange name and company.
The general trend of the relationship with the individual stocks on the view: Lynch that the winning or losing the relationship between the real and the market is not the stock market, but is used to test whether someone at the fudge place. Can not rely on the hands of the stock market to drive up.
Forecast of the stock market's view: never believe who can predict the market.
View of investment instruments: The Lynch, the investment is only a kind of gambling, there is no hundred percent safe investment instruments.
Famous words and concepts: "do research on investment, and play poker do not look like the blind hand." Investment in the first three questions: 1, do you have a property? 2, you have the money to invest? 3, do you have the ability to make money? Many investors buy the stock of the seriousness of the daily consumption than actually shopping, shop around if careful when shopping for stock picking, it will save more money.
Other and achievements: Born in 1944 in the United States in 1977 took over the Fidelity Magellan Fund, the 13-year assets from 18 million U.S. dollars to 14 billion U.S. dollars, the annual compound growth of 29%.
6, John. Franklin Templeton (Global Investment's father)
The investment strategy and theory: The value of investment fundamentals of the adverse economic investment strategy. Stress is placed on the quality of individual stocks.
Theoretical explanations: the essence of value investing is that a good quality low price of the intrinsic value of stocks long enough period of time will always reflected in stock prices, using this feature, so that the principal amount of stable compound growth.
Specific approach: Always in the market when the most pessimistic approach. In the market looking for cheap stocks. Investing in stocks is like shopping, to go around parity, efforts to explore the best goods. Investors should use the same concept in the stock market. To buy less than the book value of stocks, long-term holding. Believe in the power of compound interest.
To comply with the rules and taboos:
16 successful investment law: an investment, not speculation. 2, practice value investing method. 3, buy quality. 4, bargain-hunting. 5, there is no such thing as dinner. 6, do their homework. 7, diversified investment. 8, note that the actual return. 9, learn from our mistakes. 10, monitor their own investments. 11, maintain flexibility. 12, modesty. 13, do not panic. 14, a positive attitude towards investment. 15, prayer beneficial investments. 16, beat the professional institutional investors.
The general trend and the relationship between individual stocks on the view: Basically, the short-term fluctuations in stock prices will be affected by investor sentiment is often affected, but the long term, corporate value will always be reflected in the stock price. Investors should invest in individual stocks, rather than the market trend or economic outlook. Forecast the stock market's view: even experts may not be able to predict the market.
Investment tools view: to adopt a flexible, when the investment strategy used when the effect is not bad, still need to be careful to prepare for the change at any time, Templeton that there is no set of investment strategies are often effective, in different market conditions should make use of different The investment approach.
Famous words and concepts: "The best investment opportunities, is when everyone panic withdrawal of times." "Invest in undervalued stocks, the challenge is how to determine that it is indeed a potential value stocks, or its value is only that's it. "investors are easy to make money, after the market over-optimism, having paid out money, time, excessive pessimism.
Other and achievements: 1912 was born in the United States, is the father of value investing, Benjamin. Graham students. Established in 1954, Templeton Growth Fund, 45-year average annual compound growth of 15.2%.
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