Snowball today | 雪球

In the past two years, most of the callbacks have not been medical, nor chips, but Zhonggai Internet, Hang Seng Technology, and Hang Seng Medical, which include Hong Kong stocks. There is no need to doubt that the Hong Kong stock market has been the deepest (no one) “value trap” that Wangjing Borg has experienced […]

Rethinking timing strategies 1/5, look at the timing In the previous article ” Timing or stock picking, which one is more effective?” “, I once quoted an analysis and research on fund timing and stock selection, and the conclusion is that “timing” does not contribute to fund returns. But this conclusion seems to have some

In the “[Fund Investment Advisor 2022 4th Quarter Strategy Report 2022.10.09] Rebound, Reversal and Long-Term Returns” we released on October 9, we expressed our core view that “performance determines the rebound, capital determines the reversal, Strategy + confidence determines long-term returns.” From the past week, listed companies with better forecasts in the third quarterly report

$Kweichow Moutai (SH600519)$ Kweichow Moutai announced that the net profit in the first three quarters was about 44.4 billion yuan, a year-on-year increase of 19.14%. The net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%. It is meaningless to interpret the performance growth of a quarter, it is the

Many people have asked me if the pharmaceutical sector has reversed, because I have been promoting medicine for three months, and many people are concerned about medicine. Let me share my thoughts with you. Warning: what follows is my subjective opinion, read with caution! This article is not dry goods. First, prediction markets are meaningless

Today is October 15, 2022. The market fell sharply this week. Everyone’s mood in the bear market is relatively low. I am also bored. The bullets that should be fired have already been fired. While waiting, write some words and be the bear market diary. Bar. If you understand the concept of value investing, you

Considering that the compound growth rate of net profit in the next ten years will be 5%, 10%, 15%, and 20%, respectively, the PE will be 10, 15, 20, 25, 30, 35, and 40 times after ten years (currently calculated at 38 times PE). ), and the long-term compound annualized rate of return of Kweichow

The market is sluggish, and one of the investment bloggers that I usually follow has transformed into a blogger with babies. However, the more sluggish it is, the more you should dive in and study, because a rapid rebound may appear at any time. What is your strategy when the market turns better? Buy low-value

Snowball Calendar . #snowball calendar# 15 years ago today, real estate and banking stocks led the upswing, steel and non-ferrous metals took over, and the Shanghai Composite Index hit a record high of 6,124.04 points. This day witnessed the madness of A-share investors and recorded the passionate years of a generation of investors. . Fifteen

In the past two years, many value investors have been severely challenged. Most of their accounts have shrunk or even shrunk significantly. In the past, they were regarded as the targets of value investment, such as Maotai, China Merchants Bank, and Ping An, which have also adjusted back for various reasons. . If counting from

The previous article published in May- buying chickens and watching pigs, pigs raise chickens , according to the pig-chicken ratio, it is predicted that the end of April will be the bottom price, which is the starting point for the stock price of this white chicken stock cycle (note that I am talking about following

In the process of looking at Wanhua’s financial reports over the years, I have always had a question. The management of such an excellent company as Wanhua does not hold shares, which is against common sense. Most of the good companies are owned by management. Only in this way can the personal interests of management

In a blink of an eye, the Hang Seng Index has returned to 13 years ago, with a drop of nearly 50% in more than a year, not far from the starting point of 20 years ago. Even Charlie Munger lost 30% of his heavy position in Alibaba. From a 20-year perspective, the Nasdaq and