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为什么你总在股市亏钱?原因找到了↓
Sou Hu Cai Jing· 2025-06-21 02:02
Core Viewpoint - The article discusses the challenges faced by ordinary investors in the stock market and introduces the concept of "survival rules" for investing, emphasizing the importance of building a solid investment framework and avoiding common pitfalls [1]. Group 1: Author Background - The author, Zhang Juying, is an independent investor and a well-known figure in the investment community, recognized for his influence on platforms like Xueqiu and Sina Weibo [5]. - He has published several books aimed at amateur investors, including "10 Rules for Amateur Investors" and "Slowly Becoming Rich," which reflect his 20 years of practical experience in the A-share market [5]. Group 2: Investment Philosophy - The author advocates for a structured investment approach, focusing on three key mindsets: cash mindset, stock price mindset, and equity mindset, which encourages viewing stock purchases as investments in companies [5]. - The selection of investment sectors is deemed a strategic decision, while choosing individual stocks is considered tactical, with recommended sectors including liquor, home appliances, beauty, health, and pharmaceuticals [5]. Group 3: Stock Selection Criteria - The author outlines five essential criteria for stock selection: longevity, stability, profitability, growth potential, and ethical management [5]. - It is emphasized that high-quality investment targets are rare, and once identified, they should be held for the long term [5]. Group 4: Investment Strategy - A combination of "certainty + flexibility" is suggested to navigate market volatility, advocating for a diversified investment portfolio while concentrating on high-quality stocks [6]. - The book serves as a guide for novice investors to avoid market traps and build a robust investment understanding, while also providing seasoned investors with a roadmap for value investing in the A-share market [6].
控制回撤属于股价思维
雪球· 2025-05-20 08:04
Core Viewpoint - The article emphasizes the importance of understanding investment from a long-term perspective, focusing on the intrinsic value of companies rather than short-term stock price fluctuations [2][3]. Group 1: Investment Philosophy - Investment should be viewed as owning a business, where the focus is on the cash flow generated over time rather than daily price changes [2]. - The essence of successful investing lies in optimizing the allocation of retained earnings, akin to nurturing a hen that lays eggs, where returns come from dividends and reinvestment [2]. - Evaluating a company's value involves discounting all future free cash flows, leading to a distinction between overvalued and undervalued stocks based on their lifecycle value [2]. Group 2: Market Behavior and Psychology - Investors face both explicit financial costs and implicit psychological costs, with anxiety and uncertainty being significant factors in decision-making [3]. - The article suggests that a clear investment strategy can simplify complex decisions, reducing the emotional burden associated with market fluctuations [3]. - The mindset of focusing on long-term growth rather than short-term gains can lead to better investment outcomes, as illustrated by the example of holding onto a stock until its potential is fully realized [3]. Group 3: Investment Strategy - The "Snowball Three-Point Method" is introduced as a strategy for long-term investment and asset allocation, emphasizing diversification across assets, markets, and timing to enhance returns and mitigate risks [4].