2011年1月4日星期二

[Reprint] LI: the best investment is "five anti"-type, to avoid the "three high"-type enterprises _ Yonghe nine years

beverly florida accident attorneyhills plastic surgerybeverly hills plastic surgeryԭbeverMortgage Loans Bad Credit lflorida accident attorneyy hills plastic surgeryMortgage Loans Bad Credit �ĵ�ַ���������MortgagMortgage Loans Bad Credit e Loans Bad Credit ��Ͷ��florida accident attorney�ǡ������͡����⡰��ߡ�����ҵ">��wbr>������õ�Ͷ���ǡ������͡����⡰��ߡ�����ҵ���ߣ�������õ�Ͷ���ǡ�������Ͷ��---���ڴ���ҵ�Ƕ��ϸ�ѡflorida accident attorney��beverly hills plastic surgery�� ��1.��Ѷ�ռ(�ж����Ʒ��)��2.������(���ظ�������)��3.������(�й������г�)��4.�ݳ���(���������)��5.�����(����ʵ�Ŀͻ�Ⱥ)�� Description: spent over two months, to A unit since 1990 and Hong Kong stocks about four thousand companies, according to the China Securities Regulatory Commission in April 2001, the company announced the industry classification guidelines of 288 a distinction in the category of industry, one by one, checking each industry category of long-term holding ROI. further confirmed: short-term speculation no industry rules to follow, there may be a distinction between the market value of the size; but from long-term investments, return on investment of different industry is very different. The cause of this work, because some time ago a friend of mine asked: "investment lies in the selected unit. You have raised the angle from the products strictly selected unit standards (product unique, product demand, product quantity price Qi sheng, product never out-of-date), why can't summarize from the industry perspective strictly selected unit standards?, "this is a chore. I can not be hasty conclusion must, as the investor's future "author Siegel did a lot of homework. Of course, so there's own efforts. Although I strongly advocated and firm practice value investment philosophy and approach, but still hold up to eight years of major stock moutai, Changyu, yanghe co., Yunnan baiyao, donkey, Tong ren Tang technologies, shuanghui development, first foods, mengniu, Li Ning, Nike, aier eye and in the petroleum, China Merchants Bank, Shanghai Pudong Development Bank, stock exchange, China life such a portfolio misgivings: I have so many stocks ignore will not have a significant omission? my industry is so concentrated that I was selected to the best industry? very few industries in these, why or some industries rewards far unsatisfactory? this in-depth study to get a lot of data, are also a lot of inspiration. I have no energy and ability to setMeter large table to illustrate the problem, or abstract to 119 minutes time to express your feelings. Believe that the practice of a number of years friends to investment from these sentences get aftertaste. 2010��11��12�ռ����Ϻ�Ͷ��Ҫ�������⡰��ߡ�����---��̸����ҵ�Ƕ��ϸ�ѡ���� ���˵����꣬������죬��ҪĿ�������շ��ֺͶ��Σ�������ġ���ߡ�ɱ�֣���Ѫѹ����Ѫ֬����Ѫ�ǡ� In fact, investors have to avoid the "three high" type of enterprise: high investment, high debt, high energy consumption. They are often conditioned by high growth industry. Of course, the we have talked about was the "natural high". Specifically refers to the industry's inherent, innate, lifelong companion feature, instead of a single enterprise subjective individual behavior. I put A unit and the Hong Kong stocks close to 4 000 companies by industry research, in the class are found some of the industry over the past 20 years a big niugu nor too, some industries have little niugu, some niugu bands. The reason, of course, is various, such as product price controlled, restricted industrial scale, and so on. But the important point, or whether the life of the "three high" committed. In the long run, but growth is not too strong, more or less a belonging to the "high" or "three high". For example, belongs to the "high" in the steel, automotive, power generation, aerospace, high speed rail, highway, airport, port, mining and other industries, creating a one-off investment is a huge number, after the loan is a difficult task, let alone would cost then turned to profit. They are also a type of heavy equipment, you need to constantly update the device, such as a new blast furnace, buy new aircraft, and so on. In order to maintain the reproduction, their capital expenditure and very large. If this situation persists, costs such as mountain press back to return to nature it is hard to run fast. The Bank does not belong to the "high", nor "consumption". But it is the same as with the real estate is natural "high liabilities". Although it's in the world, such as "eternal Chaoyang industry" and "mother of wanye" loud enough, China also belongs to the monopoly sectors, but the "fate of high debt" is "high risk", also means that capital is always less than the size of a large, loans, money to shareholders. Don't underestimate stock funds, your many dividends many rewards and it brought back in disguise. From growing, strictly speaking, there are some niugu, but not the best varieties. It and most of the real estate company, looks beautiful, actual shareholders ' earnings. Long-term data is effectively a description. R > "consumption" of the industry and chemical industry, most of the growth of "bad horse." Not only in the oil and gas prices soar, so that energy prices stable performance of the industry when it was bad. It is the kind of the "three high" available in the industry. You may have friends would say, "three high"-type industry mostly cyclical industry, they have some cattle in the short term. This is true, if you have the ability to do a cyclical stocks, that is. But even so, the periodic investment nor easy. Best happy investments should I previously said, "five anti"-type industries or companies, they are "high" are not high. November 14, 2010 at Shanghai Diary

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