[Reprint] value investing 22 x 14 years been _benben proceeds

Category: stock auto accident attorney marketkansas personal injury attorney the original address: value investing 14, 22 times earnings author: water cloud value trends I entered University in 1992, at the University that is okay my favorite in the library, one day accidentally saw the value in the minds of millions of dollars, the book tells how Buffett rely on personal wisdom accumulated enormous wealth, I have been this way attract wealth, so I'm going to College almost all the time and effort (I was the arts do not need to do it easy graduation) to research investment, just three years, I read the library all and investment-related books and in the various national publications published a series of articles. 1996 graduated, I find relatives borrowed a sum of money, according to University of selected unit standards in Wuhan, Wuhan zhongshang counter buy [12.44 2.13%], then the transaction price less than 3 Yuan, per-share book value of net assets of $ 5, average 3 gross dividends for many years, in full compliance with Buffett flower 0.6 dollars $ 1 investment principles of things, to the second half of 1997, the stock go to Shenzhen motherboard market, I sold about $ 47. The next few years I also follow the initial formation of value investing in the selected unit model, 1998 mainly as "600064" and "600057", 1999, mainly doing "600171", 2000, mainly doing "600642", has been far from Super disk [2198.92-0.73%] of income, because I buy shares before they spend a long time and energy to research and read information from a comprehensive comparison of foot, self-confidence, so I basically concentrated investment in one or two shares above, I never and any person, any stock compare my stock's performance, but from time to time to check whether I selected unit logic, bought the company closely for possible sudden deterioration. The end of 2000 and early 2001, a friend said that they raised $ 500 million capital do Zhuang "000930", I in another friend's name and bought nearly 400 million unit, I had all the money to buy the "000930" part, also borrowed money. In fact, at the end of 2000, I judge the 2001 stock market to fall substantially, also spent nearly a month to write an article for the Shanghai and Shenzhen stock market Outlook "and mailed to securities report attempts to express, but the atmosphere of the then sing much too strong, and my article about outdated, remained a dead letter. In 2001 I was in the "000930" losses of more than 40%, to pay off loans, nearly two-thirds of private financial losses. The price is great, this is my first time to listen to market rumours, first believe in the power of Zhuang; first with your own thoughts is not the result of the first departure from their own investment style and investment principles. Of course, the first and the last time. The beginning of 2002, I retrace your selected stocks to invest in principle, to buy "000002" and "0866 (YPC)" holder of three years, in the rare three-year bear market, achieving nearly 200%, which benefit from the value of the investment. At the beginning of 2005, almost quancang buy "600900", has been held until now, revenue has more than 400%. Overall, in 2000 invested funds adhere to the principles of value investing has 22 times earnings. Earlier I value investing most important financial indicators is: net assets per share and earnings per share, dividends per share, also consider the size of the share capital, now it's not pure value investment; medium-term for value investing most important financial indicators are: gross margins, dividends per share and cash flow per share indicators such as; the next most important financial indicators is a net asset rate, multi-year average dividends, company culture, thmedical malpractice lawyers new yorke company's position in the industry, corporate governance structure and management of the situation, and so on, of course, refer to other situations, such as the economic strength of the most abundant Shanghai why not a great company, and so on. In fact, even the best industry and good company in the most important financial indicators in one of the two is satisfactory. Value investment joint inspection of the establishment, the learning, development and improvement will take time to be a long process of continuous learning, I research on the value of the investment for 17 years, practice for 14 years, I think I'm just getting started, to become the true value of the investment professionals at least 30 years, become a value investing guru takes longer. My own experience to maintain and use the value of investment in China's capital [4.90-2.78%] market achieved reasonable and stable earnings. Those that value investing is not suitable for China's capital market of people may not recognize the form value judgment requires sustained and hard to learn.