Ba-Fei-Te talks about the reason of investment loss

Reference media news: The work of having the honor to read the Ba-Fei-Te once of one year is reported , have become investor long ago will repair schoolwork, because Ba-Fei-Te will not give always to serve as what investment suggestion. In this year, Ba-Fei-Te has talked about in letter that consumer pays , government deficit and U.S. dollar are weak to wait for problem. He tells investor , gets rich repayment very easily, " need to support the American development of business circles with the way of the, low cost that scatters only trip. "

In 2004, a

There are the place that many Ba-Fei-Tes make one respect , his modesty , make it become to most recruit the millionaire that person likes sincerely with humor. And its modest sincere best expression is its annual once , is given up with the identity of chairman of the board to uncle g. Ha scatter Wei the letter that company's shareholder writes.

Ba-Fei-Te has a set of unique investment theory by for the mythology of the stock market , buies in when company's stock price is lower than its intrinsic value , then waits for pick up quietly. Ba-Fei-Te believes self not is purchasing stock , and it is to hold a part of company's asset, this seems the return of being for stock original meaning. Ba-Fei-Te also has a special liking for the business " it is simple", and it is complex to not buy those patterns , smallpox disorder falls new economic company Zhang, therefore he has also fled successfully for 2000, is big as foam shatters to rob.

What deserve to be noticed is that Ba-Fei-Te mentions that uncle g is given up. Ha scatter Wei company in entire 2004, having not spent go out a minute in the cash of 43 billion dollars money. Change , in this year, Ba-Fei-Te has not seen that any stock of the company that possesses high intrinsic value has fallen to the price that is sufficient to buy in. " this is not a matter that makes one happy. " Ba-Fei-Te writes road in letter.

" Wo Lun. Ba-Fei-Te is Wo Lun. Ba-Fei-Te, he worries very much, he will make money. " the high-grade analyst of the company of stars at dawn Jue Fu Si. Nun south says , " if the most excellent investor in history cannot find have the investment of enough attraction, that we are doing what? "

Brains give out

Ba-Fei-Te thinks that the three big that investor most commits frequently is wrongly: High cost and mistake are decision-making, as well as jump ship is too rapid. The reason of high cost is mainly that investor excessiveness is bought in or it is too high to pay investment the cost of manager; Mistake is decision-making, denote investor often basis is hearsay or investment trend, instead of sturdy reliable investigation research; 3th denotes investor once see that the stock held increases stagnation or decrease throws immediately completely, abandon ship and flee.

" investor need notes, brains give out heat is its big enemy with expensive cost. " Ba-Fei-Te says , to grasp the best opportunity of holding share , please follow this point: " other person bold you are careful , when other person is careful , you are bold. "

It is this to invest in admonition, Ba-Fei-Te benefits from , is also that Bo-Ke gives up lifetime therefore. Ha scatter Wei biggest theory of outstanding investment company's achievement. But maintain this strategy for tens of years but is hard. American row dagger-axe America contains the chief investment strategic teacher of capital management company to step Kerr. Mo Bu Xin comments on road for this: " this is general knowledge, since saying , it is simple, do do not be easy. "

Doing the one of reason that does not be easy is , American big financial institution often watches the benefit of short period only, and little investor is nearly impossible to resist , do not follow the temptation that flows. However, investigation shows , the company of the low profit of short period when see for a long period have offered high repayment. Few conclude nature have brought Ba-Fei-Te the low cost advocated, but at the same time, have also brought long time heart pressure.

This follow traditional American investment way appearance the back. Traditional way is believed , you take the initiative the more, input time the more, repayment is high. " the initiative of trade and the success of company is in direct ratio. " Mo Bu Xin says , " but is investing in circle , fact is not so. Great most investors do not do how many decision-makings. This is different with investment theory with consistent American. "

Green wind is commented: The reason