巴菲特投资理念与中国股市实践（Buffetts investment idea and practice of Chinese stock market）.docVIP

巴菲特投资理念与中国股市实践（Buffetts investment idea and practice of Chinese stock market） [Buffett investment idea and practice of Chinese stock market] Buffetts investment philosophy is much simpler than the random walk, the efficient market hypothesis, and the capital asset pricing theory. But simple things are not necessarily profound. In many people there, Buffett is equal to the blue chip plus long-term. In fact, things are far from so simple. The basic content of the investment method of Ba type The Ba method can be broadly summarized as 5 investment logic, 12 investment points, 8 stock selection criteria and 2 investment methods. (1) 5 investment logic 1, because I regard myself as a business operator, so I become a good investor; because I regard myself as an investor, so I become a good business operator. 2 good companies are more important than good prices. 3, the pursuit of consumer monopoly enterprises. 4, the final decision is the companys stock price of the companys real value. 5, there is no time to sell out the best companies. These 5 investment logic constitute the basic framework of the investment method of BA type. Is the basic element of our understanding of the BA method. (two) 12 investment points 1 make a regular investment with the stupidity of the market. The 2 decision to return the purchase price level, even long-term investment. 3, the compound growth of profits and the avoidance of transaction costs and tax burden will benefit investors. 4, do not care about how much a company will make next year, and only intend to earn more than 5 to 10 years. 5 firms with high certainty of future earnings. 6 inflation is the biggest enemy of investors. 7, value type and growth type investment concept are interlinked; value is an investment future cash flow discount value; and growth is only used to determine the value of a prediction process. 8, investors financial success is directly proportional to his understanding of investment firms. 9 margin of security ass