Yesterday evening purse micro adjust page letter and issued a notice to increase oulsnam the

Some say value investing research Although I spend all day, "but the idea still feels very much like Peter Lynch, these strategies are not worth the investment", but a turn to speak, strictly speaking, "All are in fact rational investment value investment. " Let me let go one behind, in front of the sentence made me hesitate a long time. In fact, for the distinction between investors always oulsnam seem to be difficult. Thus came later Lawrence Keming Beckham "What is the value of the investment." Famous Barton Biggs claims he can solve this problem. According to his observation, he knew he attributed to the vast majority of investors in three types: value, growth and unknowable. Benjamin Graham in view, the margin of safety that is higher than the liquidation value of the company's assets oulsnam that part of the difference between the stock costs. oulsnam Such a company is to have a safety margin of the company, investors should also invest in the company. Since stock prices can be lower than the liquidation value of the company's assets, then there may be two sources: a, extreme falling market; b, the company experienced serious operational problems or accidents. In general, these companies is likely that "poor" companies. oulsnam Biggs after observing a lot of great value investors concluded that the value of investors, they will not lose interest in the company for the difference. Extreme value investors sometimes think "more" poor "is more beautiful." Biggs is right, for example, Seth Klarman's oulsnam investment focus is to buy undervalued assets. And his teacher Michael Preiss is very good at "digging treasure in the ruins." And the most similar to Graham Walter Schloss often to see prices hit 52-week low of the stock list and to look for investment clues. Sometimes, he prefers buying fell to multi-year lows near those shares. Value investors like three "low" company: low hold, low attention, oulsnam underestimate the value. Of course, they also want to be able to buy cheap good management, good management company, but very few such opportunities. So they invest in the market value is lower than the replacement cost of the company, the current earnings below its potential profitability of the company, as well as those companies oulsnam from traditional valuation perspective the stock is undervalued. oulsnam Such companies are often poor earnings, negative oulsnam coverage frequently. By definition, the value of shares refers to the general investor pessimism due to leaving the stock price did not reflect a good stock of assets and profitability. Such companies often have some bad news, but investors always like to infer that they will continue to believe that there is bad news. When the difference value of the company's investors hold shares rose more than its intrinsic value, they will not hesitate to throw away, and then looking for the next cheap stocks. So they do not fall in love with their stock. But many people prefer growth stocks. oulsnam By definition, the growth index is not obvious to those cyclical industries, the profit is good, industry leader, has excellent management oulsnam team of the company. It is said that such companies "can cross the Bull." oulsnam Its ideal investment approach is to hold stocks rising industry until the industry began to decline, and sell because of changes in the industry outlook, rather than rose. If the investor's vision is good enough to buy the fastest earnings oulsnam growth company's stock, long-term returns will be very good. But the problem is difficult to have perfect vision, because to identify the company's growth is very difficult. For various reasons, such companies can easily oulsnam lose their original growth. And when people can clearly be defined as growth stocks, most of its growth has been fully reflected in the price. At this point, investors tend to buy at higher prices just to spend a good company only. Growth stock investment theory was first proposed by Philip fees not snow, but in the 1930s, Thomas Preiss oulsnam proposed. He put "growth" is defined as a profitable oulsnam long-term growth of the business has been maintained at the top of each round of the business cycle, and its earnings per share continues to hit a new high, and there are indications oulsnam that, in every business oulsnam cycle are kept beyond the level of living standards rise growth rate. Looks like growth stocks is a huge cash cow, the seed is planted many years ago, and then finally take root and bear fruit. However, the problem is trees do not grow to heaven. Research shows that in the past half-century, if you want to pick out can hold 20 years of growth stocks, the probability of success is only 4%, can hold 10 years only 15%. Even just holding three years, the probability of transfer to the only slightly more than 50%. The most problematic is that when a growth stock fell, often more than just a hard landing, but fall to pieces. In view of this, "Security Analysis" oulsnam revision fifteenth edition of the co-author, Mr. Roger Morey recommend investors to explore the company has not yet discovered it, because in the visibility and popularity of a company's highest, to be sure the market Pricing has greatly exceeded the intrinsic oulsnam value of the company. There is also a man, neither endorse value investing, growth investing do not agree that they are "agnostic." They believe that all investments are short-lived. Investment creed often fail at a critical moment. Therefore, when growth stocks are relatively cheap, they will invest in growth stocks; when the value of the shares cheap, they will choose to value stocks. Sometimes, they will do both. They believe that between value stocks and growth stocks switch may be more flexible. However, this approach was invariably value investors and growth investors opposition, they think, constantly changing strategy destined to become losers. Interestingly, Barton Biggs believes oulsnam that he is an agnostic, but because of the high value of the investment in most cases than the growth of investment income, he was more inclined to invest in value. At this point, probably I know myself what should be classified in the category. Original: Tiger faction Jaap sniff network offers a variety of business IT solutions and services: - Mobile Program Development - web development and design - online marketing web site: www.palapple.com Contact Phone: +852 35830762 E-mail: [email protected] Hong Kong Internet entrepreneurs International Technology News, brought together the parties to publish the latest news instantly. Jaap facebook page dedicated to follow up camp and Twitter (palapple) for the latest information.
Yesterday evening purse micro adjust page letter and issued a notice to increase oulsnam the "swipe" function. Starting today, designated under 9 line shops, micro-channel users can produce barcode payment, without a password and SMS authentication. oulsnam According to the micro-channel user agreement, "credit card" refers to the money paid through user authorization to provide ten times a day, eliminating the amount of 300 yuan less than the password, oulsnam SMS dynamic code and any other information to verify the payment service. Manufacturers ...
I believe that many readers are impatient first time unwire.hk upgrade oulsnam iOS 8, but if you are following the users, must "stop for a while, recite recite a" 1. Photos of people pass by Line after eight iOS upgrade, if Line send photos with the words immediately bomb app, you can share photos with friends in Line, and usually use will be ...
3D (5) 3D printing (1) 4K (1) Acquisition (2) Ad (1) Adobe (3) Airbnb (1) Alibaba (2) Amazon (2) AMOLED (1) analytics (4) Android (37) Android 4.4 (1) AngryBird oulsnam (1) app (12) Apple (68) Astronomy (1) Asus (2) ATM (1) Big Data (2) BillGates oulsnam (1) Bitcoin (3) Burberry (1) Business (99) C ++ (1) career (17) China (35) Chrome (4) Chromebook (1) Chromecast (1) cloud (2) Cnil (1) Codecademy (1) Cydia (3) Dell (1) design (2) Display (1 ) Dropbox (1) eBay (1) eBook (6) eCommerce (2) education (1) Employer (1) Encyclopedia Britannica (1) evernote (1) Facebook (30) Fine (1) firefox (1) France (1) Fun (1) Gadget (51) Game (13) games (1) Gesture (1) google (67) Google Contact Lens (1) Google Glass (1) Google Now (1) Google X (1) GPS (1) Groupon (3) Hardware (1) HD (1) Home Intelligence (1) Hong Kong (1) HTC (4) HTML5 (4) IBM (1) IE (1) Instagram oulsnam (4) Intel (2) Internet (10) iOS (8) iPad (17) iPhone (11) iPhone 5s (1) IPO (2) iWatch oulsnam (1) Java (1) javascript (3) Jellybean oulsnam (1) jobopening (7) Kickstarter (1) Kindle (1) kobo ( 1) Law (1) leak (1) Lego (1) Lenovo (1) Line (1) LinkdedIn (1) linux (1) LiveStrong (1) LTPS (1) Mac (7) Mac 30th (1) MailChimp (1 ) management (3) Marketing (17) media (11) Meizu (1) Microsoft (25) Mobile (76) Mobile Ad (7) Mobile Payment (10) Mo