a**n
发帖数: 2431 | 1 sigh, 我觉得不能因为一个房子跌了50%就说他undervalue了 |
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S*********4
发帖数: 5125 | 2 外国网民猜测中国何时赶超美国(转载)点击：8389 回复：41 作者：上帝使者笑了
发表日期：2010-12-24 19:05:00 回复
【译文-中文】【经济学人】中国来了！预测号
【原文-英国】save the date
【原文地址】：http://www.economist.com/blogs/d ... date?page=1&sort=recommend
【译文来源】：网贴翻译论坛
【翻译作者】：康康Tainy
【联名作者】：传输用
【译文地址】：http://www.ptfcn.com/ptfcn/j/140.html
Save the date
Dec 16th 2010, 12:31 by P.W. and D.H
We invite you to predict when China will overtake America
CHINA jumped ahead of Japan in 2010 to become the world’s second-
biggest economy, but when will it grab the nu... 阅读全帖 |
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f********n
发帖数: 75 | 3 操，才发现下面这个：
简单的说，普通个人投资者在美国根本没有机会申购新股啊，
IPO stands for Initial Public Offering.
When a company goes for an IPO, everyone can buy the IPO in the secondary
markets (stock markets).
However, most of the time, you are not able to purchase the stock at the IPO
price.
This is due to several reasons, including: undervaluation, supply and demand
/buzz
Undervaluation: Most companies undervaluate their company's stock because
they want to make sure there
is a market (demand) for it. The worst case scenario... 阅读全帖 |
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j*****h
发帖数: 3292 | 4 一般两种
relative valuation
同行业比较，找出最低价的或是最值的，P/S，P/B，P/E，PEG。。。。
但有一个问题，该行业都高估了怎么办？
比如你算出来linkedin 相比RENN 是undervalued, 但如果行业目前整体高估了
LNKD 从现在的价位再下个50%都可能
intrinsic value
根据公司的going-concern,算FCFE或FCFF 然后打折，算出现在的现价
现价和市场价比较，是不是undervalued? 算出来的现价还要再打一个折，以保证
margin of safety. 如果是undervalued, 那这个公司的整体行业是不是目前都是
undervalued? 如果是，就麻烦了，什么原因导致全行业undervalue？
算intrinsic value,需要用到很多assumption,乐观和悲观的时候assumption是不同的
，和宏观萎观都有关，比如SINA 下一季，sales 降了10%， 利润降了20%，那你原来
assume 的未来5年年均增长15%， 还成立不成立
就算你全算出来了，每个公司都是analy... 阅读全帖 |
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b********n
发帖数: 38600 | 5 China's yuan currency 'no longer undervalued': IMF
http://news.yahoo.com/chinas-yuan-currency-no-longer-undervalue
Beijing (AFP) - China's yuan currency, which Washington has long alleged was
manipulated, is "no longer undervalued", the International Monetary Fund
said Tuesday.
The value of the yuan, also known as the renminbi, has been a source of
tension for years, with China's major trade partners -- led by the United
States -- accusing Beijing of keeping it artificially low to give Chinese
e... 阅读全帖 |
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m********y
发帖数: 219 | 6 发信人: beijingren (to thine own self be true), 信区: Military
标 题: 赶快把美元换成人民币吧
发信站: BBS 未名空间站 (Tue May 26 13:55:09 2015, 美东)
China's yuan currency 'no longer undervalued': IMF
http://news.yahoo.com/chinas-yuan-currency-no-longer-undervalue
Beijing (AFP) - China's yuan currency, which Washington has long alleged was
manipulated, is "no longer undervalued", the International Monetary Fund
said Tuesday.
The value of the yuan, also known as the renminbi, has been a source of
tension for years, with Chi... 阅读全帖 |
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Z**********g
发帖数: 14173 | 7 【 以下文字转载自 Military 讨论区 】
发信人: xhgm (xhgm), 信区: Military
标 题: Re: 不用试，我操ZhouYongKang他妈
发信站: BBS 未名空间站 (Mon May 1 15:43:47 2017, 美东)
发信人: Tread (跑步机), 信区: Military
标 题: 北京人的智商还处在看图说话阶段
发信站: BBS 未名空间站 (Mon Mar 6 09:17:47 2017, 美东)
这是为什么北京人喜欢用贴图的方式来跟大家交流的原因。任何牵扯到抽象文字的表述
和理解他都能闹出笑话，从 no longer undervalued, 青蒿素治痢疾，家父，以及这次
的情报人员， 这个list 以后会越来越长。看图说话是2-3岁小孩学习认知世界的主要
本领和手段。3岁以上的小孩已经可以熟练的掌握和使用抽象文字了。 北京人不知道什
么原因停滞在了看图说话阶段。可能跟父母的教育方式有关
发信人: haibugui (no longer undervalued), 信区: Military
标 题: Re: 版上最有才的... 阅读全帖 |
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D****y
发帖数: 2207 | 8 【 以下文字转载自 Military 讨论区 】
发信人: beijingren (to thine own self be true), 信区: Military
标 题: 赶快把美元换成人民币吧
发信站: BBS 未名空间站 (Tue May 26 13:55:09 2015, 美东)
China's yuan currency 'no longer undervalued': IMF
http://news.yahoo.com/chinas-yuan-currency-no-longer-undervalue
Beijing (AFP) - China's yuan currency, which Washington has long alleged was
manipulated, is "no longer undervalued", the International Monetary Fund
said Tuesday.
The value of the yuan, also known as the renminbi, has been a source of
te... 阅读全帖 |
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J**S
发帖数: 2327 | 9 呵呵，明显你错了。。
以前RMB是UNDERVALUE， 所以要涨。
现在说NO LONGER UNDERVALUE，意思等于，RMB NO LONG 涨。。
如果上面说的是真的， RMB NO LONGER 涨，为啥换成人民币？。。
你的假设（今后美元贬值）的前提应该是RMB还是UNDERVALUE，RMB才会继续涨， 相对
美元才会跌。 |
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J**S
发帖数: 2327 | 10 这问的好。LZ来回答一下。
1：6正常价，
1：5还是`1:7是undervalue?
no longer undervalue= no longer 1:5还是 no longer undervalue= no longer 1:7
？哪个更接近正确。 |
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z******7
发帖数: 772 | 11 选床铺的人往往有一个误区，好像选床铺就可以打击烙印对华裔的压迫，就可以减税，
就可以得到主流社会的认可——并不会。很多他们口中的“左逼”奚落他们的最中要害
的一点是，床铺从没有对华人有过任何回报许诺，哪怕连口头上都没有。对一个不愿意
保证对你好的人，不用太过热心，这是常识。
床铺的核心在于反对移民，反对全球化；他们并不专门针对烙印或者任何移民里面的一
个小群体，他们的矛头针对全体移民，针对全体那些“抢”了普通美国人的高薪工作的
移民。从这一点说，床铺也在undervalue华人高技术移民的价值。这是很多支持床铺的
人没有意识到的，他们在被迫支持一个undervalue their contribution的候选人，只
因为另一个候选人某种程度上也在undervalue immigrants.
希拉里的问题在于属于白左中的最伪善的那一群，就好像那些其实并不信马克思只是借
着破四旧的名义去打砸去偷盗财物的老红卫兵。希拉里邮件里奚落穆斯林、西班牙裔、
黑人，然而这三个原本是她的票仓；在竞选经理的劝说之下才支持gay marrige，可见
本人其实并不支持lgbt group。她本心并不支持/... 阅读全帖 |
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s********h
发帖数: 158 | 12 there are some fundamental differences btwn investing in bonds and bond
funds.
when you purchase a bond, you own its cash flows until the bond's maturity,
as well as the associated risks, such as interest, default and re-investment
risks. you need to do homework on the underlying security and you decide
whether to purchase at premium or discount, etc...
when you buy into a bond fund, you have no idea what securities it owns.
while you are still getting the payments from the bonds in the portfoli... 阅读全帖 |
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o*********l
发帖数: 1807 | 13 http://www.cnbc.com/id/44747478
After years of trying, Congress is taking another stab at retaliating
against what many see as Chinese manipulation of its currency to make its
exports to the United States cheaper and U.S. goods more expensive in China.
The Senate is expected to take up legislation Monday that would impose
higher U.S. duties on Chinese products to offset the perceived advantage
that critics say China gets by undervaluing its currency.
It's a political given here that China's econ... 阅读全帖 |
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a********h
发帖数: 819 | 14 Avalon rare earth (AVL, was AVARF.PK), hehe.
right now in the rare earth sector,
Lynas (LYSCF.PK) is the most undervalued and the most solid company. not a
speculative play at all. it will be the first to mass produce in 2011!
it's grossly undervalued because it only list in Australia exchange (LYC.AX)
even better, the australian exchange is closed so far this week, and LYSCF.
PK didn't go up much this week because of that.
My big position in LYSCF was in 40 cents, added around 1.2, and today ad... 阅读全帖 |
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p********y
发帖数: 5044 | 15 Congress addresses Chinese currency manipulation
Senate takes up bill to punish China for manipulating currency
WASHINGTON (AP) -- After years of trying, Congress is taking another stab at
retaliating against what many see as Chinese manipulation of its currency
to make its exports to the United States cheaper and U.S. goods more
expensive in China.
The Senate is expected to take up legislation Monday that would impose
higher U.S. duties on Chinese products to offset the perceived advantage
that... 阅读全帖 |
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r***l
发帖数: 9084 | 16 if 18% of weibo is worth of 586M, then the entire weibo is worth of 3.2B
which means sina is way undervalued at least alibaba thinks so. If sina is
undervalued by this much, then sohu/ntes/bidu/yoku etc are all undervalued.
Anyway, alibaba set this benchmark to give investors some clues on the
valuation of Chinese IT stocks.
I won't chase those stocks anyway because such an event is really hard to
say what will happen next. |
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d********e
发帖数: 925 | 17 http://www.collectors-society.com/JournalDetail.aspx?JournalEnt
China Silver Panda Price Guide
Posted: 3/31/2008 12:34:01 PM | Views:16806
02/20/11 today's changes
1990 Raw and PF69UC +$20, 1992 PF69UC +$50, 2007 3Y set all prices adjusted
Prices are rising for regular issue Pandas prior to 2003. Most Pandas now
going to China
http://www.rarecoincollector.net/
PANDA NEWS: "Gold and Silver Panda Coin Buyers Guide" by Peter Anthony is a
great new book that every Panda collector should own. Breaks ... 阅读全帖 |
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a*******m
发帖数: 14194 | 18 no longer under valued
这话翻译成中文是啥意思？
就是“不再被低估”吗？
不低估就是要升值的意思对不对，意思就是人民币还要升值，
对不对？
妈的，每次看到这个词都有点晕，谁给解释一下？
妈的， 又去读了两篇文章，才搞明白：
undervalued： 以前币值是被低估， 实际价值比币值高，所以汇率要不断升值，
这样才能追上实际价值。这段时间，人民币在升值！
no longer Undervalued： 就是币值不再被低估， 人民币的实际价值， 不比汇率价格
高，
这样导致的就是， 人民币汇率平盘，或者要逐步下探，来向实际价值靠拢。
基本上说no longer Undervalued， 就是指，这个货币被高估，要贬值的意思了。
*******************************************************************
这次说对了没有？ |
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S**b
发帖数: 1883 | 19 Nobel Peace Priz: Another exercise in political cynicism
12 October 2010
Last Friday’s announcement awarding the Nobel Peace Prize to jailed Chinese
dissident Liu Xiaobo was a highly political decision designed to stoke up
the issue of “human rights” in China on behalf of the US and European
powers.
This underscores the fact that China remains a police state that tramples on
the basic democratic rights not only of middle class dissidents, but of
hundreds of millions of working people. However, t... 阅读全帖 |
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t*****k
发帖数: 2547 | 20 On Friday, the G-20 meeting in Seoul - the summit bringing together the
world's 20 most important economies - concluded. The gathering, the fifth
since former President George Bush revived the grouping in 2008, was the
place where the world was supposed to come together to rebalance the
teetering global economy.
Instead of doing so, presidents and prime ministers deferred solutions to
the most intractable problems to the indefinite future. Worse, they did so
when global commerce is especially vu... 阅读全帖 |
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d********a
发帖数: 3698 | 21
我咋觉得美国在g20上被围攻，那个才惨。
要不怎么伯南克出来这次大骂中国。
Echoing Obama, Bernanke Presses China on Imbalances
Ben Bernanke, chairman of the Federal Reserve Board, spoke at the
European Central Banking conference in Frankfurt, Friday.
By JACK EWING and SEWELL CHAN
FRANKFURT — Ben S. Bernanke, the Federal Reserve chairman, argued Friday
that currency undervaluation by China and other emerging markets was at
the root of “persistent imbalances” in trade that “represent a growing
financial and economic risk.”
Mr. Berna... 阅读全帖 |
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a*******8
发帖数: 151 | 22 China Needs a U.S. Lesson: Alberto Alesina and Luigi Zingales
By Alberto Alesina and Luigi Zingales - Dec 6, 2010 8:00 PM CT Bloomberg
Opinion
Tear down this Chinese wall.
In his famous 1987 speech in Berlin, U.S. President Ronald Reagan delivered
the exhortation to Soviet leader Mikhail Gorbachev: “Tear down this wall.”
Contrary to everybody’s expectation, the wall started to come down only
two years later.
It is about time to give the same directive to communist China. The Chinese
wall is meta... 阅读全帖 |
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G*******1
发帖数: 6411 | 23 http://www.foreignpolicy.com/articles/2011/01/02/think_again_american_decline?page=0,0
Think Again: American Decline
This time it's for real.
BY GIDEON RACHMAN | JANUARY/FEBRUARY 2011
"We've Heard All This About American Decline Before."
This time it's different. It's certainly true that America has been through
cycles of declinism in the past. Campaigning for the presidency in 1960,
John F. Kennedy complained, "American strength relative to that of the
Soviet Union has been slipping, and commun... 阅读全帖 |
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w*********g
发帖数: 30882 | 24 中美冲突：1%阶层和99%阶层诉求完全不同
作者：Dean Baker 文章发于：观察者网 点击数：3092 更新时间：2011-12-
17 顶 荐 【字体：小 大】
【复制本文】 【下载本文】
来源：观察者网 作者：Dean Baker 著，马英 译
【观察者按】美国作为世界体系的中心国家，一切内部矛盾都会转化到外部，尤其是新
兴大国。所以，在厘清中美矛盾之前，有必要理解美国的内部矛盾。郝芬顿邮报的文章
把美国国内矛盾与中美矛盾联系起来，甚至采用了阶级分析法，值得关注。
观察者网全文翻译：
美国商务部上周公布的贸易数据显示，虽然较上月略有收缩，但十月份的对华贸易
逆差仍旧十分庞大。这个数据预示着，美国将对中国进行新一轮的强有力的经济干预。
不幸的是，对中国问题的辩论往往陷入剪不清、理还乱的境地，因而没有形成有效的措
施。造成这种混乱的一个主要原因是，美国没有一个真正针对中国的普遍利益诉求点。
美国99%的阶层对华主张完全异于那些1%阶层。除非双方在这个问题上达成共识，否则
对华经济关系将不会得到改善，庞大的工人阶级也不会受益。
对华... 阅读全帖 |
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b***y
发帖数: 235 | 25 其实就是之前undervalued的了。 人民币要面缓解undervalued的压力，就是两个渠道
：一个是让本币贬值（通胀），另一个是对外币相对升值（汇率下降）。
这样人民币就可以回到正常估值方位内了。
其实一点都不难理解。 |
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u***r
发帖数: 4825 | 26 http://www.bloomberg.com/news/2014-06-05/china-should-resist-fu
China should refrain from rolling out more stimulus to boost economic growth
and continue to implement changes to curb dangers from shadow banking and
local government debt, the International Monetary Fund said.
“We are not counseling stimulus at this point, we don’t think that there
are any sufficient signs to warrant that,” First Deputy Managing Director
David Lipton said at a briefing in Beijing today.
China’s government is tryin... 阅读全帖 |
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c*******7
发帖数: 3763 | 27 no longer undervalue，也就是说人民币坚挺，或者人民币价值高。
那么，就是现在要用人民币兑换成美元。
等到今后undervalue（也就是人民币贬值）的时候，再拿美元换成人民币。
这样一进一出，就净赚人民币了。。。 |
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b********n
发帖数: 38600 | 28 “现在说NO LONG UNDERVALUE，意思等于，RMB NO LONG 涨。。”
NO LONG UNDERVALUE不是人民币不长的充要条件，只是你个人的判断。 |
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m***a
发帖数: 13878 | 29 问你个问题
假如美元对人民币合理汇率是1：6，那么人民币是1：5时undervalued，还是1：7时
undervalued? |
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b********n
发帖数: 38600 | 30 说你只看树木，不见森林。
人民币undervalue不undervalue，不是IMF说了就算数，更不是美国政府的强词夺理就
算数。要按叔的观点，真实比价应该接近 1:3. 中国人靠的生产，美国靠的是印刷。
“no longer”说明虽然对人民币的认识要所调整，但是相对过去几十年西方社会对中
国经济情况的歪曲，还是远远不够的。
7 |
|
J**S
发帖数: 2327 | 31 不要绕太多弯了。。
东西你是喜欢要价格UNDERVALUE的东西，还是价格OVERVALUE的东西。。
换一句，你喜欢买便宜的东西，还是喜欢买贵的东西。
再换换一句话说， 你引用的文献说了“RMB不再UNDERVALUE了”， 也就是说RMB不再便
宜了。 你说聪明的人是把美元换成人民币，还是把人民币换成美元？ |
|
J**S
发帖数: 2327 | 32 你这好不容易回答正确一次。
1:6是正常价格。
1:7是UNDERVALUED。
文章说，现在不再UNDERVALUED了，也就是说，现在汇率不是1:7的情况。 也就是说，
现在RMB的汇价可能是两种情况：
A 现在汇率是合理的1:6,这种情况，汇率会保持不变；美元换人民币或者人民币换美元
都不会增值。
B 现在可能是OVERVALUED，也就是说是1:5这种情况， 也就是会，将来汇率应该调整到
正常的1:6汇率。 这种情况，应该是在1：5的时候，人民币换美元才对，这样，调整到
1:6,你再人民币换回美元，你的投资才增值。 |
|
V**3
发帖数: 12756 | 33 本教主怕你出去溜达一圈更undervalue啦
要不给本教主上供1000美元，本教主给你开开光，让你从此聪明智慧， 再也不
undervalue
10分钟内汇款， 打95折奥 |
|
b********n
发帖数: 38600 | 34 https://www.theguardian.com/business/live/2017/jan/31/eurozone-gdp-french-
economy-grows-unemployment-germany-mario-draghi-live?page=with:block-
58907897e4b0b3e971af5115#block-58907897e4b0b3e971af5115
FT: Trump’s top trade adviser accuses Germany of currency exploitation
The Trump administration just fired the first shot in the US-European
currency, and thus trade, wars when Trump's top trade advisor Peter Navarro
accused Germany of using a “grossly undervalued” euro to "exploit the US
and its E... 阅读全帖 |
|
发帖数: 1 | 35 我和版上很多人英文不好，不知道“no longer undervalued”是啥意思。你能不能解
释一下，对应的中文是什么？按今天汇率6.4算，no longer undervalued 是指将来汇
率会往5去，还是往7去？
谢谢！
[在 beijingren (to thine own self be true) 的大作中提到：]
:所以说老将是无赖么
:来到这世上，我就没打算活着回去！ |
|
T********N
发帖数: 1507 | 36 人民币升值, 人民币资本开放加大美国就业
基本上是商人思路,两边不吃亏,
REFORMING THE U.S.-CHINA TRADE RELATIONSHIP TO MAKE AMERICA GREAT AGAIN
How We Got Here: Washington Politicians Let China Off The Hook
In January 2000, President Bill Clinton boldly promised China’s inclusion
in the World Trade Organization (WTO) “is a good deal for America. Our
products will gain better access to China’s market, and every sector from
agriculture, to telecommunications, to automobiles. But China gains no new
market access to the United States... 阅读全帖 |
|
T********N
发帖数: 1507 | 37 人民币升值, 人民币资本开放加大美国就业
基本上是商人思路,两边不吃亏,基本上可以说是双赢
中国经济吃点亏但是国际利益不吃亏,两下一平均中国不亏, 对美国贸易损失可以从其
他国家找补回来.
美国从对中国贸易和资本开放的过程中, 占了大便宜, 增加就业率对版上所有人都有好处
希拉里除了对中国玩政治措施外,就没有经济办法. 玩政治全靠美国政府花钱,也就是版
上交税让希拉里压制中国, 花钱不讨好的事情也就是民主党华人才会干.
川普的对华经济原则
REFORMING THE U.S.-CHINA TRADE RELATIONSHIP TO MAKE AMERICA GREAT AGAIN
How We Got Here: Washington Politicians Let China Off The Hook
In January 2000, President Bill Clinton boldly promised China’s inclusion
in the World Trade Organization (WTO) “is a good deal for America. Ou... 阅读全帖 |
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h******i
发帖数: 21077 | 38 【 以下文字转载自 Military 讨论区 】
发信人: haibugui (no longer undervalued), 信区: Military
标 题: 《特朗普赛过我亲爷爷》 (转载)
发信站: BBS 未名空间站 (Wed Nov 9 15:57:48 2016, 美东)
发信人: haibugui (no longer undervalued), 信区: Joke
标 题: 《特朗普赛过我亲爷爷》 (转载)
发信站: BBS 未名空间站 (Tue Nov 8 15:29:31 2016, 美东)
发信人: SCABBARD (无忌), 信区: Military
标 题: 《特朗普赛过我亲爷爷》
发信站: BBS 未名空间站 (Tue Nov 8 10:59:22 2016, 美东)
美新版上红旗扬
特朗普头像挂身上
亿万川粉齐声唱特朗普万岁万万岁
万岁万岁寿无疆
特朗普呀特朗普
你真赛过我亲爷爷 |
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p******h
发帖数: 1783 | 39 挑点刺：
"the shares will go up", 对那些毒资产，这个信心从哪儿来？一个公司破产前股票
跌得非常低，也有人这么想着来抄底
"the market is undervalued", 到底是泡沫时候overvalued, 还是泡沫破灭时候
undervalued? 哪个是合理价格？如何确定？
关于spiral down, 这个问题不是由m2m引起的，真正的原因是over leverage, 你用自
己的钱冒险哪来什么margin call? 取消m2m只会鼓励不负责任不记风险的high
leverage,最终只会让危机扩大，问题暴露推迟。 问题是出在监管不力，现在到底是要
加强监管还是放松监管？是要一次到位还是再吹再破再来一轮？01年之后的熊市，03年
之后的牛市以及现今的熊市根本就是同一个熊市中的大波动。如果股指不是用美元，而
是用黄金来标价，连这个大反弹都不存在。
一个泡沫吹出来(大了)，于是有措施出台限制(晚了),泡沫破灭(惨了), 问题不是归咎
于吹泡泡而是使泡泡破灭的措施(傻了)，要取消措施再弄些泡沫出来解决所谓的泡沫破
灭问题(有才)，不知道掩耳盗铃到底 |
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K****D
发帖数: 30533 | 40 Well, although what you said is correct, but from an engineering
point of view, there could be unbiased FA strategies:
1) I investigated one or a few aspect of the company, and
concluded that the company is undervalued.
2) I admit that I do not know anything about everything else.
3) Because of 2), I give myself an estimate that on other aspects,
there is 50% chance that they are undervalued as a whole, and
50% chance that they are overvalued.
4) Combining 1) and 3), I conclude that there is a s |
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o*****c
发帖数: 241 | 41 (zz) comments at TIMES.COM: Will China Listen?
A brief look at Trade Surpluses and Deficits
INDIA
The indian rupee is one of most undervalued currencies in the world.
According to the IMF, the fair value for rupee/usd would be 16:1, but it is
trading at 48:1.
This means the Indian currency is 300% undervalued, but yet India has one of
the worst current accounts of all major economies. India still has
consistent trade deficits with the world. The cheap currency doesn't help
India to produce a tra |
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s**********n
发帖数: 868 | 42 Yes, more hot money will flow in when RMB is allowed to slowly appreciate,
but that's the pain you sooner or later have to face. You can't reverse the
expectation appreciation without stopping to undervalue the currency. The
later you do it the more excessive liquidity will be accumulated and the
more damage it will do.
It's not like RMB appreciation is a happy journey, it's simply less painful
than the other option -- let the domestic inflation run wild wild to the
extent that RMB is no longer ... 阅读全帖 |
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m********u
发帖数: 14 | 43 【 以下文字转载自 Stock 讨论区 】
发信人: michaelliu (vegas wonder), 信区: Stock
标 题: 固定比例资金管理方法
关键字: 资金管理,投资
发信站: BBS 未名空间站 (Sat Apr 6 19:27:59 2013, 美东)
用了一段时间的“固定比例资金管理方法”，觉得比较好用。现在来介绍一下并和大家
一起讨论，希望对我们都有益。
“固定比例资金管理方法”属于公式投资管理计划 (formula plan) 的一种。其概念很
简单，就是投资者在投资组合(portfolio)中维持固定的股票与现金(或高质量bond，这
里我只用现金)的比例，比如说1:1(50%股票，50%现金)。如果股票价格上涨而导致股票
比例增加，那么应卖出一部分股票来维持1:1的比例。相反，如果股票价格下跌而导致
股票比例减少，那么应该买入一些股票来维持此固定比例。具体比例的确定可以根据一
定的客观条件来确定。通常的比例一般在25%与75%之间变动，极端情况下可以变动为10
%至90%。投资者也可以根据个人标准来确定具体比例。
概念虽然简单，用起来确实涉及很多细节... 阅读全帖 |
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H******i
发帖数: 4704 | 44 (This story has been posted on The Wall Street Journal Online's China Real
Time Report blog at blogs.wsj.com/chinarealtime.)
By Owen Fletcher
E-Commerce China Dangdang Chief Executive Guoqing Li lost his temper
Sunday on China's biggest Twitter-like microblogging service, Sina Weibo,
accusing Morgan Stanley of undervaluing his company's initial public
offering and exchanging outrageously off-color insults with a user who
claimed to work for the financial services firm.
"I am here openly cr... 阅读全帖 |
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k********n
发帖数: 18523 | 45 Obama Tells Rousseff He Wants U.S. to Be Among Brazil’s ‘Best Customers’
Obama arrived yesterday to Brasilia juggling the demands of a five-day tour
with a crisis in Libya after an international
coalition began military action against forces loyal to Muammar Qaddafi.
Today, in Rio de Janeiro, he’s scheduled to
visit a shantytown and the city’s iconic Christ the Redeemer statue with
his wife, Michelle, and their daughters, Malia
and Sasha.
Officials from the two governments yesterday signed 10 ag... 阅读全帖 |
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j*****h
发帖数: 3292 | 46 一听到undervalue 我就亮了
是我们五帮的兄弟
大牛能展开说说包,怎么乐undervalue |
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r***l
发帖数: 9084 | 47 vie目前看得基本政策是，老人老办法，新人新办法，也就是不会影响到sina/bid/sohu
这些，那么现在几个中钙龙头都是严重undervalued的。sina我有些疑虑，sohu/bidu
undervalue已经很多了，cyou更是夸张，sohu naked put有几个，cyou比较重仓，周
5AD了，均价32，唉，虽然我一直说cyou市场不好会去30一下，但也真没想到。 |
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B**********r
发帖数: 7517 | 48 Yes, my point is that you should not judge a company based on its stock
price, $4.5 or $45.
What I used is the price/book ratio and P/E ratio.
P/B says how undervalued currently it is, and P/E says how much more
undervalued it tends to be in the future. There are other rules, but i think
these two are the most important for value investment.
, |
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s*********8
发帖数: 901 | 49 Executives of publicly traded companies are notoriously bad capital
allocators. They overpay for companies. They make purchases using stock when
it's undervalued. They pay cash when the stock is dear. And they repurchase
shares at the worst times.
It's no surprise that today, U.S. companies are buying back shares at the
highest rate in four years. A Bloomberg report attributed the purchases to
companies "taking advantage of record-high cash levels and low interest
rates to purchase equities at v... 阅读全帖 |
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S****X
发帖数: 2301 | 50
我只认为1100一路抄到800算左侧。 不认为1400抄到1300算什么左侧交易。现在还有多
少好股能算作undervalue? 现价还要腰斩空间，不等牛市出不了的水的。怎么能是
undervalue?
个人认为，undervaule且在安全边际线之下的时候，才有左侧交易的空间。 |
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