|
|||||||||||||||
|
||||||||||||||||||
Data:2009-12-12 2:34
Recently my phone be filed, and a lot of friends asked me the face of high market volatility how Zuogu Piao. Indeed, the market has become unpredictable after the Spring Festival, the upper and lower vibration magnitude, so that many investors in a quandary, a small number of poor bearing capacity of the new investors and even heart disease relapse of things to hit the newspapers. As a practitioner in the securities industry, nearly a decade of research, I have a friend who's proposal is "just put the mentality, we might learn Buffett."
Buffett has been called "the greatest living investors", known as the "Wall Street stocks God," he created the myth of the greatest investment: from 100 U.S. dollars started by investing in assets of 42.9 billion U.S. dollars to become the world's second-fu people. Buffett's investment experience to learn, perhaps for us ordinary investors had better learn.
Buffett under the management of Berkshire's net assets per share of 19 U.S. dollars by the end of 1965 increased to the end of 2003 to 50,498 U.S. dollars, the annual compound rate of return of 22.2%, while the U.S. Standard & Poor's index of annual compound rate of return of about 10%. Is Buffett What experience? Can be summarized in one sentence Buffett's investment strategy: to significantly less than the intrinsic value of the price of concentration of investment in the outstanding shares in the company and long-term holding.
Classic investment from several major cases can understand Buffett's investment strategy: invest in Coca-Cola 1.3 billion, has been held for 15 years, profit 8.8 billion, value-added 6.8 times; investment in Washington Post, 10 million U.S. dollars, has been held for 30 years, profit of 1.2 billion U.S. dollars, value-added 128 times; 600 million U.S. dollars investment in Gillette has been held for 14 years, profits of 29 billion U.S. dollars, value-added nearly 5 times. As can be seen from the above case, Buffett's main investment industry, leading enterprises and long-term holding, corporate profits for their long-term stable long-term investment to bring a high return on investment.
Therefore, I think we can learn the average investor Warren Buffett, the industry's leading companies looking for long-term holding, but not for short-term market fluctuations in disarray. With the split share structure reform is currently the basic completion of the national economy leading enterprises in pillar industries, the continuous market, the future of China's securities market has become a consensus in long-term bullish. Maotai, Suning Appliance, China Vanke, China Merchants Bank and other blue-chip blue-chip long-term good performance, it is worth our investment, the long-term concern.
Here, I borrow a Buffett's famous quote, "has only one of the world's largest and most valuable diamonds, dark blue 1% of Star of Hope, it is far better than synthetic diamonds have a 100%" with you all encourage each other bar.
