If in 2014, we have $ 100,000 and invested in shares of the bank type. If you purchase Standard Chartered Bank (2888.hk), you now have an insufficient market value of 50,000 yuan. However, if you make a purchase of Hang Seng Bank (11.hk), then your stock market value is about 130,000 yuan.
Both are familiar banks in Hong Kong and their market value may change more than once in less than three years. This shows that in the investment world, small decisions have significantly affected your performance. In fact, by 2014, we need to watch Standard Chartered Bank’s annual report and Hang Seng Bank to review it. Maybe we can see the instructions.
Standard Chartered Bank’s 2013 annual report indicates that business growth has been stagnant, earnings and profits have fallen for the first time in more than a decade, bad debts have soared, and international bank investment has failed. This is a difficult problem. On the other hand, Hang Seng, the Czech Republic favorable increased, and shareholder returns remained high. In almost all aspects, it was much better than Standard Chartered. I believe that around people want to analyze, we can get a better option.
Investment can not be felt
Peter. The Forest District writes that “If you work on investing without doing research, you’re playing poker and we’re not watching cards.” I think everyone in the game is just aspiring that they will not be watching an opponent, not themselves. Therefore, working on a good analysis will definitely improve the performance of investors. But the question has arisen, how can we be considered a good analytical activity?
In the stock market, there are so many investors who use the opposite method of choosing a stock. Some people listen to technical analysis, ie, trade through historical price movements. Some people choose stocks according to effective market hypotheses, that is, stock prices fully reflect the value, and this paper will concentrate on discussing the method of choosing shares called “value investments”. The
In value investing, the majority of the time focuses on fundamental analysis (analyzing firm value from the financial and operational aspects), and the difference between value and price. It’s like a private sale and purchase company, each buyer will struggle as best as possible to know everything about the company. For example, if you were to buy a restaurant, you would certainly see nearby restaurants, closest restaurant likenesses, how long the rent, rent, the need to re-decorate, and the staff and the process. How is that, and how much revenue and its cost before? The
In fact, the fundamental analysis of the stock may be almost the same as the one above, and it’s all about knowing the company. Of course, because of scale or industry, listed companies are sometimes more complicated, but the purpose is the same.
Fundamental analysis of a company is an important step in value investing, the main benefit is to assess the value of the company and assure its quality. When there is a rough estimate of the value of a business, the value of the investor can be compared to the market price, which is very different from the private market. The listed companies have market prices, but like Charlie. Mengge said:
“Only half the price of a company is fact, but the other half is the person’s point of view.”
So perhaps you will pursue that there is a big gap between the price that is delivered by the market relative to the value of the company. And when you pursue this gap, you can not buy it immediately. After all, you should know that there are certain propositions for the market to give up this price, it may have a large number of convertible bonds, perhaps the industrial market is dim, perhaps the market is in a panic. No matter what the reason is, everyone needs to know the reason for the disaster and avoid losing money because they do not understand it. It’s like Buffett:
“In the game, if you still do not know who dish in half an hour, then you are a dish.”
If we understand the proposition behind the shame and still believe in the value of the company, you can buy it. But after you buy it, you must know that value will change, so remember that if something creates a change of value, you should evaluate home and make decisions when needed. The value-investing process is probably the same thing.
The place where all the students are playing cards is right next to the pool, the residents do not often run with children. Thumbnail: Five students attend and play Texas Hold’em. (Respondents provided)
(Singapore) The students have played with Texas Hold’em on the apartment side of the apartment, and they come up with chips. Citizens are skeptical that there is not a bit of money plunged in gambling, and they are even more anxious about the negative effects on children. After people approached them, they were called back: “My friend is a cop.
Readers of “United Evening News” contacted the hotline and wrote that there were students who were unfolded gambling downstairs in the apartment and asked the reporter to check it out.
Mrs. Zhang, who lives in the Dover area, told United Evening News that over the past year, a group of students have been seen almost every weekend and gathered in a poker apartment for Poker Texas.
Mrs. Zhang wrote that she had repeatedly approached young people and aspired that they would avoid playing in the big crowd and would be called back by the other: “You control me.”
Once they reach their license, they do not see convergence.
“One day, my daughter through them and asked for me ‘Mother, what is gambling?'”.
Someone came forward to seduce them and they were summoned back and said: “My friend is a policeman and we have not broken the law.”
No cash on the table has chips
The reporter was recently led by a resident at 9 pm to a pool pond and chased a group of five near pool pool tables, there were so many color chips on the table, and even a “Banker card”, gambling equipment finished.
Based on the observations, they only need an average of two or three minutes in the game, and they are skillfully shuffled by others. Although they do not watch cash on the table, the game is won or lost based on the chip.
During this period, parents from time to time carry the children through, and some children are still curious to watch to the table.
The majority of residents surveyed believe that swimming pools in apartments are public facilities. People can clearly see that they use chips to play cards, as if they are “mini gambling files”, and they are worried about the negative effects on children.
Li (age 40), who has three young people, said: “Playing in public locations, children will be affected in a number of ways, and that makes us feel the most disgusting of this staircase.”
Resident Chen (age 46) is worried that this behavior will encourage gambling habits, and in particular that they will play “very hard and fast” cards almost every weekend.
However, there are citizens who write that about them not playing, playing cards is their freedom.
[Reporter Guowen / Taipei, Hsinchu Country] in Wu, English teacher teacher, trained not enough to see, understand when he trained in school, study room too noisy, students sitting or lying down, playing cards, playing video games, listening comics, even sending sweets, cookies for students, students to negotiate things in the competition of good deeds, have identified eight counts, is the primary school of “poor and other non-renewable” teaching resolution.
Wu female reporter wrote that he was generous to hand over good student performance cookies, candy and other incentives, and not only to train his class noisy, and claim that he should not be dismissed, Taipei High Court Administration of the First Level that no more proper exile school, is law Based on the evidence of the evidence, this sentence he lost, perhaps appeal.
the school alleged that the majority of students carried after informing the senior report, after the investigation, a number of parents of the school side in 1993 proposed to replace the female Wu reporter indicated that Wu was the omission of female students in the English element of the abduction test to find the answer, Citizenship Exam, all students cheated to stand up and watch the student’s answers.
In addition, also held in March 99, “Knife things” together, Wu women were taught to neglect the two students who attended the class, utility knife issue of play, pertained one to deliberately shave heavy bleeding hand left ligament.
The complaint from parents also noted that female students are very noisy when Wu is taught a number of students sitting or lying or lying down, playing cards, playing video games or reading comic books have, noisy study room spaces, but also interfere with other classrooms, the dirty mess of bears; in addition, the women Wu in late 1999 created cakes and sweets for the students, in order to encourage the pupil to register for his good action table, writing down a good word for him.
Wu, a female teacher is countered, the school should not be identified as an irrelevant affair does not extend to the fact that the school does not merely teach its classes noisy, so poor or class, students listen to comics, the use of mobile phones and other moods, it is not necessarily It pursues that the teaching is not right and the management is bad class.
After the school survey sent to the Review Committee teacher to be considered, Wu pursues that the woman is less able to teach, does not apply to each teacher, the resolution will not re-appoint, but he refuses to accept the appeal to the teacher Appeal Review Committee Hsinchu County, still dismissed , but interesting for teachers in Taiwan The Bupati Council initiated the “re-appeal” won the favor, but the school of teaching evaluation also held will, he will not again point penalties, after playing the whole administrative process issues, Taipei Higher Instinct Executives First more punished Wu women are missing today.