Both Warren Buffett and Peter Lynch are value investing

pwd=2d72 Extraction code: 2d72 The links mainly include: "Buffett's Letter to Shareholders", "What Buffett Says", "Snowball", "Buffett's Way", "Smart Investor", etc. (among them, "Buffett's Letter to Shareholders" can be regarded as a book written by him.

Both Warren Buffett and Peter Lynch have been value investments for a long time, but they are operating in the US stock market.

Unhappy.

China and the United States** are in different environments. There is nothing wrong with the concept of value investment itself, if in a credit society, everything is very fair, value determines **, from the perspective of long-term trends, it is the best choice to choose a high-performance stock with very good growth performance for investment.

The history of the United States is hundreds of years earlier than China, experienced a major crash in history, and has developed into a very mature system, and the screening and assessment of listed companies are very strict, so the stock price is basically very stable. In China, the development of the first is only 20 years, the conditions are far from mature, a lot of speculation is far better than investment, artificial speculation factors are obvious, there are a lot of serious deviations in value. In this way, it is also very risky to do value investing.

A** has risen a lot, and it has been hyped very high, so it is not necessary to insist on value investment and long-term holding, and it is very likely to return to the original position if you stick to it, or even ** prison, so it is also suitable to put it in ** when you see it.

For **, the funds in hand are limited, and it is impossible for a ** to take ten or eight years, so it is necessary to have a set of investment concepts suitable for oneself, Buffett and Peter Lynch's theories should be combined with our actual application, if a ** quickly rose to their target price, why do you have to wait until ten or eight years? **There is also a wise saying: Falling into the bag is safe.

With our little funds, let's keep our money bags and feel at ease.

I think it's appropriate, you have seen the Buddha choose not to cross the person because of the difference between the people who put down the butcher's knife! Lynch and Warren Buffett's investment principles are like Buddhism in Buddhism, and they apply to China most of the time! The key is that you have to learn, learn well, and reach the level of proficiency and application!

It doesn't feel suitable, China Medicine (600056) is no different from the ** in 1999 and 2020, and it can't make money at all according to this concept.

The orange is orange in the south of Huai, and the orange is orange in the north of Huai.

It's not adaptable!

Not very suitable, both of them are value investment, suitable for a more complete market economy atmosphere, and China has always been a market economy that has not been completely transformed under the guidance of the plan, a large number of giant state-owned enterprise leaders have administrative levels and positions, the so-called red-top businessmen, the economy has political interference, not a pure market environment, so it is not suitable for the concept of value investment.

That's why China is so crazy, and a large number of small and medium-sized investors will lose money for a long time and be swallowed and plundered by big crocodile whales.

Do you have any expectations?,About 0313 this time.

Warren Buffett's investment philosophy is very old-fashioned, but you can't succeed with his investment philosophy, even if you have his patience. Investment philosophy is a strategic thing, a real matter of tactics when investing. The strategy is right, the tactical failure is still a fiasco.

It's like holding a company with investment value for a long time, Coca-Cola can, and Buffett also bought PetroChina and finally ran away.

Do you know what success in investing is?

Real investment is not to make money for the sake of making money, if you are in a hurry to make money and devote yourself to the investment industry, it will definitely be a loss, real investment refers to investing in the future.

This may be more abstract, to be specific, the reason why Buffett's investment philosophy can succeed is that he is very good at straightening out the amount of information he gets, so as to achieve investment returns, to put it bluntly, he can sort out the future trend from the thousands of information in the financial industry, and another point is that Buffett pays attention to the friendship with politicians who are active in various countries, after all, these politicians are representatives of various national interest groups, and the information they convey is often a trend in the future.

To take a more famous example, when Clinton took office, he put forward the idea of an information superhighway, and Warren Buffett and other famous investors began to pay attention to the media industry and the IT industry in the United States.

That's why Warren Buffett's value investing philosophy can be successful, he has a good information platform and he also has good analytical skills, so his investment will be invincible.

Graham likes to buy at a low price without looking at the company's long-term development and competitive advantage. Therefore, I often buy some so-called low-priced bad stocks.

Warren Buffett not only looks at the level of the company, but also pays attention to the company's performance, whether it has an advantage in the competition of peers, is a value investment in the true sense, and likes to hold a high-quality company for a long time. However, when he saw the deterioration of the company's business conditions, he decided to flee.

This sti is really powerful, 8893

A very good book, worth reading for investors.

Peter Lynch's Successful Investment is one of the most popular and respected investment classics among ordinary investors: in the 10 years since its publication, it has sold more than one million copies and sold all over the world. Encourage ordinary investors to build confidence over professional investorsOrdinary investors can get a good return on investment even if they do not have rich money and good professional education, even if they use 3% of their intelligence, even more than Wall Street experts.

The book consists of three parts. The first part, Preparation Before Investing (Chapters 1-5), focuses on how individual investors evaluate their ability to be stock selectors, how to estimate competitors (including portfolio managers, institutional investors, and Wall Street experts), how to compare the risk of ** with bonds, how to estimate their capital needs, and how to form a universally applicable successful stock selection strategy. The second part is to choose development.

Chapters 6-15 of a promising company talk about how to find the best opportunities to make money, what to look for and what to avoid when visiting a company, how to use the role of a broker more effectively, how to use the annual report for analysis, how to use other resources that can bring the best returns, and how to deal with the various data (such as price-earnings ratio, book value, cash flow, etc.) that are often used in technical analysis. The third part, Long-Term Investment Perspectives (Chapters 16-20), mainly talks about how to design an asset portfolio, how to track and analyze the situation of the companies you are already interested in, when is the best time to reduce and cover positions, the disadvantages of options and **, and some suggestions for the healthy development of Wall Street, US companies and ** market, some things I have experienced in my 20-year investment career.

Peter Lynch is the leading investment expert in the United States and even in the world, and his contribution to the common **, like Jordan's contribution to basketball, has in common that it has turned investment into an art and elevated investment to a new level. Peter Lynch was born in 1944 and graduated from the Wharton School of the University of Pennsylvania with an MBA in 1968. In 1969, he joined Fidelity Management Research as a researcher, and in 1977 he became a manager of Magellan. During Peter Lynch's 13-year tenure as Magellan's manager from 1977 to 1990, the company's assets under management grew from $20 million to $14 billion, with more than 1 million investors, making it Fidelity's flagship and the world's largest asset under management at the time, and its investment performance was also ranked first.

The average annual compound interest rate over 13 years is 29%. He is Vice Chairman of Fidelity Corporation and a member of the Board of Directors of Fidelity** Custodians. He currently lives in Boston.

In 1990, Peter Lynch retired and began to summarize his investment experience, and successively wrote "Peter Lynch's Successful Investment", "Winning Wall Street" and "Learning to Get Rich", which caused a sensation on Wall Street.

It takes a lot of patience to read this book, and Mr. Lynch will use many, many of its little stories to illustrate simple truths, which is also the biggest feature of this book's writing. It is very suitable for people who are doing medium and long-term investment. It is still helpful for non-professional investors to enhance their confidence and cultivate the concept of value investing.

Since Warren Buffett is rarely a small-cap stock and in the process, the two factors of size and momentum contribute negatively to his long-term performance, and scholars attribute Buffett's performance from January 1977 to May 2016 and find that in the average annual return he achieved during this period, the largest contribution factor is the market, followed by the quality factor, and then the risk factor and the value factor, and their annual return contributions are ,,, as for the rest, which is often said in academia"Factor alpha", that is, Buffett's ability in addition to the factor contribution, but after the introduction of these factor contributions, this alpha has no statistically significant difference from zero.