What is the right investment logic? The investment logic of stocks

Extraction code: trji Qin Xiaoming **Investment logic options trading. **Investment and options trading course, the course from shallow to advanced, from the basic to the complete explanation of the system**Investment and options trading course, whether you are a novice or have a certain foundation, you can improve your investment and financial management ability by learning this course.

1.To buy low and sell high, you must have a judgment benchmark. The benchmark is the value of the best. The true value is the value of the company. Therefore, it is necessary to analyze the value of the company! Only in this way can the big ruler achieve low buying.

2.**Volatility is disorderly in the short term. It is difficult to judge whether the ** will be up or down in the short term.

Because there are too many factors that affect **. In the long run, ** will return to value. Therefore, the investment** should be prepared to hold it for a long time.

Only long enough to wait for the selling point above the value. Holding for a long time is the only way to sell high.

3.Because you have to hold it for a long time, it is the right way to invest your spare money. Urgently needed or borrowed money to invest tends to lose money! Because you can't wait for the time to sell high!

Extended Information: Fee Jieyan Stalking.

1. Stamp duty: Stamp duty is a tax levied on buyers and sellers and investors at the prescribed tax rate respectively after the transaction of ** (including A shares and B shares) in accordance with the provisions of the national tax law. The payment of stamp duty is deducted by the ** business institution in the delivery with the investor, and then the ** business institution and the ** exchange or registration and clearing institution in the clearing and delivery of the centralized settlement, and finally the registration and clearing institution uniformly pays to the tax collection authority.

The fee standard is calculated at 1% of the transaction amount of A shares, and there is no such fee for **, bonds, etc.

2. Other expenses: Other fees refer to the entrustment fees (communication fees), cancellation fees, inquiry fees, account opening fees, magnetic card fees, and credit card fees and overtime fees paid by investors to the ** business department when entrusting trading **. These fees are mainly used for communications, equipment, document production and other aspects of the expenses, of which the commission fee in general, investors in Shanghai, Shenzhen local trading of Shanghai, Shenzhen ** exchange, to the ** business department to pay 1 yuan commission fee, 5 yuan to pay the commission fee; Other fees are charged by the brokerage as needed, and there is generally no clear fee standard, as long as the fee is approved by the local price department, and there are currently quite a few ** business institutions that reduce some or all of these fees for competitive reasons.

Combined with Warren Buffett's four major investment principles, let's talk about their logical relationship.

Warren Buffett's four major investment principles, the following is a simple case of the acquisition of Coca-Cola in 1988.

The first business principle consists of three aspects: the company must be simple and easy to understand; It is necessary to maintain a consistent business policy; There must be good long-term development prospects. The first two aspects were no problem for the Coca-Cola Company, which had been selling soft drinks since 1886.

The latter aspect, which is why Buffett delayed the acquisition until this time, saw the changes brought about by the company's leaders in the eighties.

The second management criterion, three aspects; Management should be rational; Management should be open and honest with shareholders; Management should be able to reject the rules of the system. These can also be confirmed by the behavior of the company's management after the eighties, especially in 1984, when the company bought back ** on the market for $12.4 billion, and after more than a decade, this part of the ** market value reached $60 billion. The "system rules" mentioned here refer to the irrational inertia of the industry.

The third financial criterion includes: focus on ** income; Calculate "Owner's Gain" to understand the true value of the company; looking for companies with high profit margins; $1 premise. By 1988, the Coca-Cola Company, led by Guruta, was doing a great job in all of these areas:

** Earnings, profit margin 19%, owner income rose from $100 million in 1981 to $100 million in 1988. As for the last point, Buffett's explanation is that "every $1 of retained earnings of good companies translates into at least $1 of market capitalization", and Coca-Cola's average annual performance in the eighties was dollars.

The fourth market criterion includes: determining the value of the company; Purchased at a discount to the company's value. For space limitations, the analysis has been omitted.

In short, Warren Buffett buys its ** with 5 times its book value. By 1999, the original investment in Coca-Cola was worth $11.6 billion.

The above is for reference.