价值投资之忍受股价波动

Core Viewpoint - The article emphasizes the importance of holding onto quality stocks for the long term, despite short-term price fluctuations, using examples of successful investors who have achieved significant returns by maintaining their positions during downturns [3][4]. Group 1: Investment Strategies - Successful investors like Lin Yuan, Warren Buffett, and Duan Yongping have demonstrated the value of patience and conviction in their investments, often enduring significant drawdowns before realizing substantial gains [3][4]. - The article highlights the experience of Xu Xin, who held onto her investment in NetEase despite a 70-fold drop in value, ultimately selling for a tenfold profit [4]. Group 2: Recent Market Observations - The stock of Xinlianxin Fertilizer has shown strong performance due to several favorable factors, including a significant increase in second-quarter earnings, a rise in high-efficiency fertilizer sales, and improved gross margins [6]. - The company has optimized its short-term debt structure, with over 90% of loans maturing within a year being eligible for refinancing, leading to a reduction in financing costs by 0.8%, saving approximately 36 million [6]. Group 3: Future Outlook - Analysts are optimistic about Xinlianxin Fertilizer, with multiple institutions rating the stock between 8-9 HKD, corresponding to a six-fold price-to-earnings ratio for 2026 [6]. - The article suggests that holding undervalued consumer sector leaders in various industries, such as snacks, dairy, fertilizers, e-commerce, and jewelry, is a safer investment strategy in a volatile market [6].