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investment dilemma

(one) In 2013-14, I made a hypothesis: If a stock has been in the doldrums for nine years and its price is much lower than its value, by the tenth year, its value will return, it will not rise or even fall sharply in the first nine years, and the stock will rise sharply in

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The survey minutes of the thermal power industry may usher in an investment turnaround

1. Quantity It is expected that a large number of coal power projects will be approved this year and next (supporting power supply), three 80 million kilowatts (80Gw): 80 million kilowatts will be approved each year this year and next year, and 80 million kilowatts will be guaranteed to be put into production in the

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The moat of Tencent games – the embodiment of the two killers of QQ/WeChat in the game

I’ve always wondered about the addictive nature of games – why are people so addicted to games, and some people just can’t stop? So, I checked the mechanism of action of some addictive substances, such as drugs, alcohol, etc., and finally found that the main reason for addiction is that after these substances enter the

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It is more important to follow the discipline than to improve the circle of competence

#market-to-earnings# In order to learn from Buffett, the author imitated PEG and invented a valuation parameter called “price-earnings ratio”. The formula is: price-earnings ratio = price-earnings ratio/return on equity (PR=PE/ROE). When the price-earnings ratio is equal to 1PR, it is a reasonable valuation, and if it is greater than 1PR and less than 1PR, it

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Does the Hang Seng China Enterprises Index indicate that the low valuation investment strategy has failed?

The Hang Seng China Enterprises Index (HKHSCEI) has performed bleak after 2018, giving the impression that Hong Kong stocks are forever in a bear market. Many people say: The low valuation investment strategy has failed, and the Hong Kong stock market is a value trap. Is it really? Recently, I read “Twenty Years of Hang

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Coal Industry Analysis

my country’s current energy structure In 2021, my country’s total energy consumption will be 5.24 billion tons of standard coal, a year-on-year increase of 5.15%. Although the proportion of coal consumption continues to decline, the absolute number is still growing. In 2017, coal consumption was 3.914 billion tons, and in 2019, coal consumption was 40.19

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