Ba Fei specially what high praise long-term investment?

Certain newspaper stays American special reporter: " have to do good to as the lucky Ba-Fei-Te fishing person who lists maximum shareholder in, a day Bao gain the U.S. dollars more than 500 million, having verified him again put , is long term to catch the correctness of the stock investment strategy of big fish.

American precious clean company announces on January 28,2005 that buies and is lucky to list company, lucky row share price is in the same day fierce to rise 13%. Calculate initially with wave g summer of 1989 years in the 600 million dollars of lucky row investment, this investment has appreciated in 1916 4500 million dollars, annual investment gain rate is as high as 14%.

Hold for a

Ba-Fei-Te pursues long-term investment strategy, when company's share price is underestimated seriously by market, he buies in in large quantities , then always holds for a long time. This is that the intrinsic value with famous Ba-Fei-Te is higher than investment theory of business value. If bring the lucky row share of a huge sum of investment returns this time for him, he holds whole 16 years.

Now, Ba-Fei-Te holds America to transport to know , coca-cola , Di a lot of big company's stocks such as scholar nun, lucky blade, McDonald's and national city bank of New York. Ba-Fei-Te makes investment in these operations, is steady , the high enterprise of exquisite credibility and bonus repayment, so as ensure investment to the maximum extent protect value and increment.

Ba-Fei-Te thinks that nobody can foresee the fluctuation tendency of short period of the stock market successfully. The forecast of short period for the stock market is poison, should want to put it in the most safe place , is far away from those in the stock market behavior picture the immature investor like child. Ba-Fei-Te has said, " if you have not held the preparation of a kind of stock 10 years, so, company do not hold this kind of stock in 10 minutes. "

It is that certainly, Ba-Fei-Te highlies praise

" people habit calls every day short speculative guest of line the stock market of receipts and payment investor, as if all regard as the love swindler who occurs a night feelings constantly romantic lover is the same. " he thinks , the differences of speculation and investment lie in: What speculator pays attention to mainly is company's share price, and investor pays attention to in the business situation of company.

Since seeing superficially, the strategy of concentrating investment has seemingly violated diversified investment to scatter the rule of risk. However, Ba-Fei-Te has put forward such sincere advice to investor: " it does not be been that successful investor needs sometimes ". He thinks that investment theory of " do not want have egg put in in a same basket " is wrong, investor should picture mark. Spiting out to warm up suggestion so " have egg to put in when a same basket, then value it carefully ".

Ba-Fei-Te thinks , a person the stock of the genuine worth-while investment in a lifetime also 4 or 5, once having discovered , will concentrate fund , buy in large quantities to enter. Want attention concentration on few company, if the combination of investor breaks up too excessively, can so spare time on the contrary not free time, lane is skilful and on the contrary clumsy.

On the choice of investment profession, Ba-Fei-Te is often also to select some resource monopoly professions to carry out investment. From the investment of Ba-Fei-Te, form to see that the resource monopoly enterprises such as road, bridge, coal and electric power have taken pretty big share. In eat in the previous half of last year in large quantities as Ba-Fei-Te enter petroleum chemical engineering stock is the ample embodiment of this kind of investment strategy.

Ba-Fei-Te delivers shareholder in wave g summer of 1996 years, write road on letter: For the company coca-cola and lucky row, even the strongest competitor, if they say truth, will not also query coca-cola and lucky row meeting is belonging to field long-term leading global market.

Green wind is commented: It is that risk lows very much originally to make investment , very relaxed matter, follow basic general knowledge only may. But why still have stock one on so many manpowers big? When often change to change to go, if this uses feelings, is not special , how can you repair straight fruit? The company of Ba-Fei-Te certain every year newspaper shows that has invested in 8 stocks only. Do you want to see that household has how much money?