0. References
http://nteswjq.blog.163.com/blog/#m=0
1.90% of people are not suitable for investment. Investment faced with new things to do and uncertainties, risks are great. In the field of industry do their own familiar, the risk is small. The proportion of people who should be suitable for investment is very small. Probably because the principle of investment is too simple, and simple things are often the hardest it.
2. Balao said, do not borrow money, not short, not unfamiliar things.
3. Investment most important thing is to vote on what you really know. We can make more than 100 times on the NetEase is because I have a lot of understanding of the game in doing Sundance Kid, this understanding is not taught in schools, the book did not, in earnings can not tell. I have tried to tell others what I understand, and found so hard.
4. Buffett has long been talked about, for most investors, investment index in the index when cheap is the best approach.
5.yahoo. I think Yahoo cheap reason is very simple: 1) existing assets (US $): Yahoo's market capitalization is now around 21.5 billion, cash of about 4.5 billion, Yahoo Japan and Alibaba Yahoo's Hong Kong-listed company is part of about 10 billion about. So operator by market capitalization, is now actually buy yahoo as little as 70 million. Uncertainty here is the market value of yahoo Japan and part of Alibaba IPO is likely to change. 2) .70 billion in market value (price) of yahoo value (the value of) how much money? Now yahoo profitability is not strong, but there are also 5-7 one hundred million / year, cash flow even more. And Microsoft's cooperation if you start, you can also save 500-600 million / per year (Do not know 10 years later, but not important), this is the case, yahoo year profit should be 10 million or more. In a rising market, yahoo strategy now, I feel no sense of their profitability decline. As for Microsoft's cooperation, I can not think of any reason to oppose the US and European governments. In summary, yahoo this price (grid) is not expensive ah. I see a lot of American institutional investors reason to buy yahoo almost on top of them.
6. Many people use derivatives like to go to the casino when gamblers, hoping to make money quickly. Buffett use of derivatives is like opening a casino in Macau, the long run is a sure win.
7. respective efforts of the younger generation do not leave property
8. A long time ago, our company began to promote "people do not make cheap" culture.
9. Our company began to promote "part" and "unbiased." "Part" is probably doing the doing, which is a who's who of meaning. To understand the meaning of duty, perhaps from the duty to see what is not. For example, Qianzhaihaiqian (including interest) is part, not yet it is not.
10. Buffett advice: simple win complex. (Note: Oka razor simple things cheaply and efficiently.) I would not require higher mathematics. Two do not require high qualifications. Three do not need a high IQ. Good business, good management, good price. Greedy when others fear, greedy when others are fearful.
11. Poor Dad and Rich Dad "If people think Buffett's investment beginner something bad moment to understand, you can look at this book.
12. when to sell stocks? My criterion is the value. This is what I can hold Netease 8--9 in reason.
13. Why should I buy GE. I also spent a lot of time to understand and think GE. Think about why GE will be the century-old, why GE's board of directors can always choose a good CEO out why the world's top 500, there are more than 170 CEO from GE and so on. I was in fact noticed GE's stock, think of GE stock was not cheap (like 40), also no longer concerned about his stock up. From September 2008 Lehman began to fall, increasing the impact of the financial crisis, the market jittery. By November I saw the whole market panic worsened, and thought, this is probably Buffett talking about people's "fear" is coming, that is my turn to the "greed" of the time. To February then, GE 10 broken down. Then Lehman, AIG, Citigroup and many other subprime mortgage-related companies have gone bankrupt or to the edge of bankruptcy, negative news about GE's more and more, a lot of people on Wall Street are saying that GE will be the next Lehman . I know GE in the past is good to have more than two money per share profit, even after almost, how there will be a 1 after the crisis is over. 5 / share above it. If I give him 12-15 times the pe, how it should be with more than 20 stocks. So, when I was about ge to 10 have started to buy some, but not great determination to buy. Until one day when GE fell about 9, I saw a Jeff Immelt's speech. I forget the exact words how to say, roughly meaning, he believes GE's image is destroyed, this is his fault. GE will adjust its business structure in the coming years, so that the proportion of financial companies throughout the company dropped to about 30%. He also reiterated GE as a whole is safe and healthy, and so on. At that time among all the companies in question, if I saw come out to admit mistakes and review GE countermeasures, which is probably different corporate cultures place to go? Finally, I decided to let the deciding factor heavy hand or my understanding of GE corporate culture. I think the financial crisis will not destroy the strong corporate culture GE, GE problems just some past policy error caused over time will be able to correct. Great company of error is often the golden investment opportunities. Looking back, I bought last year, GE shares are not among the biggest gainers, but it is I shot the heaviest, most profitable and least worried about the stock, the reason can only say that my understanding of the GE corporate culture of the last Help I made a very important decision. Perhaps a fortune? In fact, when I bought Vanke and Skyworth seems to have a similar feeling. Due to institutional factors, I personally have always thought that China's color TV industry Skyworth is the healthiest of the enterprise. At the time, out of some things, but the company the most basic thing has not changed. When we buy Skyworth Skyworth's market capitalization do not seem to 2,000,000,000 (I do not remember, but also said 20-something), how do I want to feel cheap to buy.
14. If you feel bad for a company as a consumer, then, do not hold the company's stock. Do not you know a company and its products like its equity investment away, on the contrary, if you know a company and hate it, it should sell its shares. You can call this the "turkey principles": in the stock market, determine tasteless "turkey stock" is much easier than finding great value "Eagle shares." Just because a company like product on which the investment is not enough. If you want to make money by investing in a stock, you need to know more about it ── from valuation to fundamentals, including the balance sheet and cash flow. After all, business is easier to lose money than make money. There are many ways ordinary investors can put Furthermore, under a positive short Blockbuster ── if they wish to do so. You can buy a lot of stock put option with very little money through any broker. Put Option is to predict a stock will fall below a specific price before a certain time: that is, it provides a leveraged bet on a stock collapse. If your prediction is correct, a small bet may become huge profits. If the prediction is wrong, just that little bit lost bets only.
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