Category: Money Tips Date: 2007-08-03
Fell on the blind to find a reason for it is a very bad habit. The media is very thoughtful, what Jiuji what the market needs, sleepy on the delivery of the pillow. The suffering of those with open eyes, sharp ears pricked, he gave the so-called bad news everywhere, people, see what the "four factors have led to broader market down," the article, showing the expression came to understand it, and finally know the secret drop! So also "easy" and is no longer anxious, reassured the case of the head into the board and seriously circular motion. The stock market, Ah Q everywhere.
Quotes on the operation there is no Quotes on learning. Up when the sale price, or when the research value. Doing is severe, learning when to be deep. Static and dynamic combination of an a relaxation. No transaction time, the value investing is quite an experience to read the article again, Xu brother. See eye Suanse, but which are harvested in many places ahead of the game.
Often as "moving or not moving," the problems. See you some time if the leadership did not deal, will think you are lazy, no heart. Some good ideas constantly, and constantly found that "good" stocks, hard transactions, to do so, even lose money, leadership will feel that his efforts did, however, does not tie in with market timing only. So many people "were forced to deal." Xu Columbia, said: "The results show that 80% of the time the market is effective, 20% of the time is invalid, an analyst's role is to take the 20% of the valid time, found that deviated from that opportunity to use military force in maintaining an army for a thousand days 1:00, craze has become an overnight success. "analysts so, investment managers have to the case.
Short-term and long-term, stock selection and timing of the issue, but also investment in time required to face. Own understanding is that: the market is a voting machine short-term long-term is definitely true that weighing device, but in practice can be adjusted for the "long-term vision of stock picking to weighing devices, short-term perspective to the voting device is optional, depending on number of votes to determine trends, by lighten up bit. " Xu Columbia do not agree with "the market can not study, only the company can research" that the market volatility and orderly, the surface of random sequence in a more advanced embodiment, trends and values of unity, the trend of the power lies in the price and value from, rather than macro-economy industries, non-predictable changes in macro-sectors, only grasp the company's quality, not so much judged that the trend is to develop investment strategies based on, but rather that only a company's value results of the study. When the excess return of a hot short-term birth and long-term birth Niugu excess returns. Xu Columbia on the "trends" understanding, thought-provoking.
Xu eyes Niugu Costa Rica is such a product phase: There is excess rate of return; excess yield is not dependent on the external environment, and sustainable; excess rate of return can be copied to new assets that can expand; mostly big business, there are characteristics of small companies. Niugu often enclosing money in general does not dividends on the grounds that: The stock returns than other investment products because of premium equity financing to expand the existing shareholders, the "principal", principal of growing produce compound; have a strong advantage can continue to has been over-profitable company, it should not be financing more than dividends, only those weak and stable growth of the "blue chip" companies is suitable for dividends; 200-year data show that the U.S. stock market dividend rate has continued to decline during the bull market is substantially reduced. Therefore, Xu Columbia on our financial condition of the dividend as a great injustice.
There are some views, but also expressed his views. The plight of the securities industry, not a result of the stock market decline, but because of the securities industry in the basic theory, qualified personnel in the long-term debts caused by the "super-normal" development will only deepen the crisis. When a lack of theoretical basis for the industry, when it created the income of all proportion to its value, do not doubt the inevitability of the market to punish. The adjustment of China's stock market the past few years due to market-oriented, international standard of value against the background of the collapse of the closed and reconstruction.
Favorite, or is this one: people who do not like the bear market, do not deserve high-yield.
