" Ba-Fei-Te stock investment strategy "

" how Ba-Fei-Te

Difficulty does not-Keynes

The 10 share principles of general election: Super issue is long-term to stabilize business( business is clear and easy to understand , company is the more simple, it is often high to manage efficiency. Professional operation gets profit , have higher ability. Industrial influence and growth rate are good to develop prospect. In ability circle. Love may not quite occur the company of major change, turbulent very difficult successful, salty fish turns over , is hard, will avoid problem enterprise therefore. " is doomed necessity as this " and " possibility big " enterprise is just safe. Business is basic, management meeting brocade goes up add flower, can but seldom provide timely help ), super economic chartered right( can deal with powerful competitor, intangible assets are more important than tangible asset. Economic business reputation is more more important than accounting business reputation. Customer needs have no price control just), it is super and continued to compete advantage( the continuity of advantage, low cost or discrepancy melts ), manager superstar and person( have both ability and integrity , ability is outstanding, capital disposition ability is strong, capital disposition should based on the criterion that promotes intrinsic value to promote. But in reality, capital expense often gets system in popular organization force, similar fund tend to colleague members is. ), super product profit ability( achievement lasts excellence), the super capital profit ability of rights and interests is super to preserve profit profit ability, super intrinsic value and super safe limit

Make investment

On hair until being willing ( choose company), close medium destiny( buy when underestimating to enter , reasonable price buies to enter ) , enjoy inferior good fortune( do schoolwork conscientiously in order to ensure to not come achievement and estimate conform )

Is far away from greediness and enjoyment

Concentration is invested ). First, evaluate the long-term economic feature of company's business , and then evaluate level and the ability of management level, again reasonable price buies to enter. The destiny of investment depends on the economic destiny of company.

If get success at the

Success is greatly because

Though, the low company of profit margin( limit company, the company with high cost) grows up at the time with good economic atmosphere quickly, but when declining , it is also rapid to glide , had better be far away from , .

It is important to buy into the rear

Profit margin2-3Percentage point

Business the company's profit margin stabilized for

For 5 years,

Financial

Preserve profit increase and the increase of return rate, is but not definitely since preserve profit make investment again arouse. Will measure alone to preserve profit the efficiency invested in again

Growth worths the one of factor

High/Profit in than enterprise,

" Ba-Fei-Te

Intelligence

Know that self does

Various advanced

Time is the enemy of

Price is paid out,

Definite good result

Market Mr is

Fear is the enemy who follows

Others greediness fear, others

Market short period

Optimism is the big enemy of

Each investment10%Above

The competition

Newspaper, television station

Structure is stabilized , enters the industry with high rampart may( enter person threat recently, existing competitor replaces product and buyer's bargain ability, supplier bargain ability decision industrial profit ability. Let beg , market growth rate, profit margin also very important)

Industrial stability is very important. In industrial development analysis, will pay attention: The change of growth rate, the change of customer, the proliferation of knowledge, scale changes , cost change and adjacent industrial change are created , policy changes and so on

Profit comes from

3 or 4 rate: In a steady competitiveness market,4:1

Core competitiveness may lie in technology and management , is created , market network and brand are vivid, customer service and sales offer the ability of product and service, product discrepancy melts etc. aspect. The value that can offer key has uniqueness and is rare to be short of sex, is hard to be imitated

In the future, the quantity estimate and time

It isROEThere isPBThere

Alert is complex , has

The fluctuation of the

Than market foresight, it is

Regard as market volatility friend

By the big company that

Mang shelf:

People should go up soon the matter that occurs to pour , instead of the matter about note that should occur. To seek the stake of price offset with great efforts , then, measure with various principle. If your department expresses you in favorable position, has discovered first-rate stock.

Usual meaning goes up best prerequisite

Any fact that accords with

Thought problem think of the

Those theories spoken in university

The combination that

Horse Jun kernel: Go theory

Decide whether the only