Liu Jian
Now no matter home is fair collect fund, still be illicit collect fund, its invest operation no more than is to search by the market too underestimated stock, buy in great quantities next build a warehouse, after awaiting the market to amend appraise to be worth, share price rises and return to at be close to or exceeding intrinsic value level, sell be derailed ticket to cash gain.
Can be a lot of moment, the market does not deserve to close. In Xiong Fu, share price does not go up tardy, let you when flower also withered, your investor wants redemptive, share price also was not returned to at value. Have bovine city, share price does not drop tardy, let you when flower also withered, your capital is unused for ages, also cannot find too underestimated good share.
The film " iron man-a person of exceptional physical and the most popular t mobile prepaid cards moral strength " Wang Jinxi has a famous remark: "Want to go up conditionally, without the condition, creation condition also wants to go up. Creation condition also wants to go up..
1958, buffett is 28 years old, also be him the 3rd year when begin to do the illicit collect fund that invests partnership business type, he wanted to understand a reason, await the market to give you the chance of value of share price regression with its, create an opportunity as oneself, buy in great quantities namely make value too the biggest partner that underestimates kind of stock, dominant company recombines, perhaps sell other the big company that is willing to buy this company. Look do a stock to be inferior to becoming large stockholder, do layers and backers to be inferior to becoming great banker, the orgnaization investor that perhaps this can give country a few inspire.
Buffett is in the letter that sent copartner 1958, break rules the biggest heavy storehouse that told about oneself investment:
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"To facilitate each copartner understands our investment method better, I should review us here example of a of 1958 particular investment. 1958, I am mentioned in the letter, our the biggest heavy storehouse, occupy in the invests partnership business individually combination that manages in me arrive than be as high as 10% 20% . I still point out, if this stock price appears to drop or keep relatively smooth, more advantageous to us instead, because can make so,we buy more stock to build taller warehouse with inferior value. But because,also be this reason, in bovine city, heavy storehouse a such stocks may we obtain block up to precede at the outstanding achievement of the market relatively level. Heavy storehouse a such stocks may we obtain block up to precede at the outstanding achievement of the market relatively level..
"This stock is located in new jersey namely blame because of city in all rich bank (Commonwealth Trust Co. Of Union City) . Begin to buy in us fashionable, I reckon the intrinsic value of this bank is every 125 dollars about conservatively. However, as a result of some kind of reason, although this bank every accrual 10 dollars, however a minute of money also does not distribute cash dividend, and this causes this stock share price just about low confuse the main reason that has every 50 dollars only. Accordingly we have opportunity beyond to be bought under the price of its intrinsic value such one has quite powerful gain capacity and the bank with quite good management. The administrative layer of this bank is right we this new partner is very friendly, it seems that this stock investment appears finally the possibility that invests loss is dinky. It seems that this stock investment appears finally the possibility that invests loss is dinky..
"In all th free canon ef 15mm e capital total of rich bank is 50 million dollar about, the First National bank that is equivalent to abstruse horse breathing the best selling memory card digital cameras out city almost or U.S. The half of total of National bank assets. Hold of a big bank its the share of 25.5% , and will hope all the time for years in all rich bank incorporates. But because individual reason brings about two banks to fail to undertake all the time,incorporate, nevertheless evidence makes clear this kind of circumstance to be able to not go down continuously all the time, future affirms assemble and. As a whole, we are right in all the stock of rich bank invests market of 3 big advantages at a suit: It is to have very powerful risk defence capacity; The 2 intrinsic value that are a company stabilize growth with satisfactory increase rate; 3 it is to evidence s most popular selling memory card digital cameras hows the intrinsic value of ultimate firm will be released adequately, no matter be,still be in 10 years one year in future in. If say,be 10 years in, so the intrinsic value of this bank stock will increase quite high level, e.g. , the likelihood is every 250 dollars. The likelihood is every 250 dollars..
"Used the time that influences one year, we bought this bank successfully to make an appointment with the share of 12% , buy cost on average to restrain every 51 dollars. Apparent, if the market value of this stock continues half-dead maintain fall asleep, more advantageous to us. Hold as us dimensions is increased ceaselessly, its value also increases ceaselessly, especially we become the 2nd large stockholder of company and have enough the opinion that much voting power assures to any amalgamative draft resolution must ask for us. Especially we become the 2nd large stockholder of company and have enough the opinion that much voting power assures to any amalgamativ the best selling memory laptop toshiba e draft resolution must ask for us..
"Unfortunate is, we encountered a few competition when buying this share, the result is bought eagerly brought about share price case to rise every 65 dollars, on this price our both neither is willing to be bought also not be willing to sell piece. Trade to this kind very for not active stock, buy the buying with a share very small amount sheet causes its share price to change considerably. This also can make everybody clear, not ' divulge ' any a bit our holding an information is how important. Not ' divulge ' any a bit our holding an information is how important..
"1958 later period, we found the stock with first-rate another successfully, we can be bought in great quantities with a very charming price and become its the biggest partner, accordingly, we pass a large amount of trading with the price of every about 80 dollars whole sells those who gave our hold is all in all rich bank stock, although this a large amount of trading the price relatively the market level at that time became low about 20% . Although this a large amount of trading the price relatively the market level at that time became low about 20% ..
"dog crates largeApparent, we also can choose to continue originally patient hold we this bank share that every 50 dollars buy, continue the bit by bit is bought, although the likelihood can make us opposite 1958 accordingly,look much poorer at the outstanding achievement of the market, I still can underestimate the politic and special satisfaction of kind of stock to value of this kind of invest in. We chose to sell 1958 piece in all rich bank stock cashs gain, it is very accidental reason greatly cause. Accordingly, with the short-term investment of any single time outstanding achievement regards the long-term investment that the basis will come to figure we did not come as outstanding achievement, its action is very limited. But, I believe invest in value too underestimate and the share with defence good sex is most the path of the investment that is sure to obtain negotiable securities to invest long-term gain. I believe invest in value too underestimate and the share with defence good sex is most the path of the investment that is sure to obtain negotiable securities to invest long-term gain..
"Additional, I think those who point out is, buy the investor that sells the Commonwealth bank that give the share into us to also can achieve good investment gain rate in the near future with every 80 dollars. But, the share price of this bank stock is opposite when every 80 dollars at every intrinsic value 135 dollars underestimate extent, it is with share price when every 50 dollars opposite at that time every intrinsic value 125 dollars underestimate degree to have very big different. To me, sell it seems that piece in all the capital that rich bank replaces it into another stock to be able to apply us more efficiently. I am in new heavy warehouse on the dimensions of investment is compared in all rich bank is even big, 25% what hold total of assets of each partnership company about. Although its intrinsic value is underestimated degree not prep above (even under wh some of which) we hold some a lot of other shares, but, we are the biggest partner however, the time that the position of the biggest partner can make in a lot of moment we underestimate degree to need in p t mobile prepaid cards rice of firm correction stock market has quite large advantage position on accident. Special to this the biggest heavy storehouse, we are almost OK and affirmative, hold in us during the Dow Jones index that expression of its outstanding achievement will exceed the corresponding period. Hold in us during the Dow Jones index that expression of its outstanding achievement will exceed the corresponding period..
Ask everybody to notice, bafeitening wishs in order to compare market price low the price of 20% sells piece in all rich bank, go building a storehouse to underestimate the stock with smaller degree only additionally, a main reason is he can be bought in great quantities become the biggest partner. His explanation says, become the biggest partner, can dominant company, create what oneself master to cover profit opportunity.
"The price level of stock market is higher, value too the stock of float appraise is less, I discover now, want to find many the value that has appeal underestimates kind of stock, difficulty mostly. I aux would rather configuration reachs a more fund a benefit kind above the stock, but should find a right interest kind the stock is more special and painful. Accordingly, my hope uses up the largest possibility, strive for a large number of buying to be underestimated into a few value kind stock, become the biggest partner, it is OK to create an ourselves thereby pilot covers interest kind the stock invests an opportunity. It is OK to create an ourselves thereby pilot covers interest kind the stock invests an opportunity..
The inspiration that this give most popular selling brooch pins s us is, present illicit collect fund, follow at the back of others to fry with its, be in as oneself A, be in especially harbor with US stock market, search the pannikin with little scope of small market prise of a few dish, a large number of enter buying, become the biggest partner, next dominant company recombines into industry Wu, asset recombines, can incorporate the big company inside company and industry even, thereby commentate send its potential intrinsic value, win the investment get one's own back of a huge sum.
Fry short line, as small layers and backers. The orgnaization makes a profit kind investment, as big player, capture win very great opportunity to earn greatly. And become the biggest partner to do control kind of investment, as opening gambling house, can say to earn firmly almost not compensate. Want, you are fried every day will fry the stock that go, answer authority goes back, the company is the biggest control a partner original with 1 yuan of money a subscribe, how many to earn now times? Remember, make money most is not to buy a share, buy a company however. So investment logion of Buffett is: What you buy is not a stock, however company. And what Buffett likes most is not to buy a share, buy a company however, whole buys a company is Buffett's mainest gain source.
(The author buys rich fund to collect division of presiding investment conduct financial transactions, the article is individual viewpoint only, be not any investment prop the best selling t mobile prepaid cards osals. Be not any investment proposals..
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