Category: Money tips Release Date: 2006-12-06
"11" long holiday period, I am pleased to help friends in the local round of the Zijia You dream of Xinjiang. Since I have six years of driving experience, safe driving mileage of 100,000 kilometers, without any large or small traffic accidents. But I never thought that I that we all think that the most prudent and reliable person, almost out of the grave consequences of the accident. After a friend told me that the highway in Xinjiang really good, but the biggest problem is the way both sides are the vast Gobi Desert, road scenery on both sides of unchanged, prone to visual fatigue. Mainland in particular of the old drivers, very easy to have an accident. The adventure for me, educational and very large. In conclusion, the first did not notice a change in the environment, which did not take the necessary measures; followed by self-righteous, self-considered to be safe driving years of the old drivers, driving experience, definitely will not have any problems. In a word, wrong attitude towards change.
People's treatment of safe driving that relates to the safety of the big things like this, for other things even more hard to say. We do anything to have confidence, but confidence must have a degree, once the excessive self-confidence becomes a conceited, along with a doubled risk.
In the fund investment management, there is also a similar experience. The United States has a well-known fund company Janus companies in the late 20th century, 90 was very popular, in 1999, all the 14 Janus equity funds have 11 fund annual rate of return over 50%, and 6 more than 100% . But by the beginning of this century, the company's performance plummeted for three consecutive years behind the standard 500 Poor's index. Janus so quickly from the brilliant to the recession there are many reasons, one of them is not found changes in the market. 1998, 1999, Janus noted that the market for Web-based technology sought after, when the market for a listed company's pricing model is not in income, but in the network propagation speed, click-through rate of new pricing models such as pricing, Chun Li-Li with the market these changes, a large scale to invest in technology stocks to fame. The dot-com bubble burst in 2000, the market return to the traditional pricing model, Janus did not see this major change, did not change in a timely manner, resulting in a substantial decline in management performance.
Changes in environmental conditions, stock market, is to produce an important factor in investment risk. Correctly deal with the changing market environment, help to improve investment performance, reduce risk. Treatment of the market environment changes, we must first have an open mind, recognize and accept change, the market environment is not static, so-called "world's only constant is change." Second, the effects of environmental changes in the implementation of open management. Open-book management has been reflected in two aspects, one research and tracking of environmental change, to study the main factors of change, study the impact of environmental change and the consequences of timely follow-up to determine the direction of change for the investment decisions made support services. The second is to take advantage of or even to guide changes in the market for me. Changes in the environment are mostly against us at first, because the change means risk. At the same time change means the opportunity to adapt to change, correct use changes, will be able to profit and avoid loss. If able to guide changes in the market, it had a higher level. (Send
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