James的股票投资James Share Investing

[转贴] [买进一家顶尖企业的股票长期持有] - James的股票投资James Share Investing

James Ng
Publish date: Wed, 02 May 2018, 02:48 PM

[买进一家顶尖企业的股票长期持有]

巴菲特购买的股票有一个特点,就是拥有极高的商誉或是处于市场垄断地位的公司。前者如可口可乐,吉利以及1996年开始大量购买的麦当劳,都是当今世上的驰名公司;后者如华盛顿邮报,联邦快运等,这些公司被他称为“收费的桥樑”或者是“消费独占”。他选股中尽可能避免竞争太大的股票。巴菲特说:“买进一家顶尖企业的股票长期持有,总比每天到晚在那些不怎么样的股票上忙得晕头转向好”,除非购入的公司的确出现危机,否则他不会轻易脱手。一旦股价够高,或是有更加好的投资机会出现,亦或是当企业的基本面发生改变,巴菲特也会出脱持股。

一般的散户在股市调整下跌的时候恐慌不已,常常不知所措,跟着消息和所谓的“庄家”买进卖出,对自己的行为不作理性分析,结果损失惨重,在股市上扬的时候,则希望自己买的股票涨了再涨,希望市场一往无前地上扬,没有个顶点,希望自己的股票达到自己为它设定的短期内甚至无法达到的价位,结果当他们还沉浸在梦幻中的时候,股市突然风云突变,开始下跌,将已经到手的收获瞬间化为灰烬,为自己留下永久的后悔。一个古老的教训:“投机看上去最容易的时候也最危险。”

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James Ng

One of the characteristics of Buffett’s stock purchase is that the company has a very high reputation or a market monopoly. The former, such as Coca-Cola, Gillette, and McDonald's (which began to be purchased in large numbers in 1996), are all well-known companies in the world today; the latter, such as the Washington Post, and the Federal Express, are called "charging bridges" or "consumption monopolies." . He avoids those stocks which have much competition. Buffett said: "Buying stocks of a top-notch company and holding for a long period of time is always better than managing those average stocks every day." Unless the company that he bought does experience a crisis, he will not easily let go. Once the stock price is high enough, or there are better investment opportunities, or when the fundamentals of the company changed, Buffett will also sell stockholdings.

General retail investors panic as the stock market declines, often overwhelmed, and follow the tips and the so-called “operator” to buy and sell. They do not make rational analysis of their own behavior, resulting in heavy losses. When the stock market rises, it is hoped that the stocks they bought rose and went up again. They hope that the market will go up without a zenith and hope that their stocks will reach the prices that they have set for them in the short term. As a result, when they are still immersed in their dreams, the stock market situation suddenly drastically changed and began to fall, turning the already harvested paper gains into ashes and leaving a permanent regret for themselves. An old lesson: "Speculation looks the easiest is actually most dangerous."

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James Ng