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现货【外图台版】长线投资获利金律:股神巴菲特赞誉,启发所有投资人的世纪经典 / 艾德加?罗伦斯?史密斯 大牌出版

现货【外图台版】长线投资获利金律:股神巴菲特赞誉,启发所有投资人的世纪经典 / 艾德加?罗伦斯...

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商品详情基本信息:
书号:9789865511999
书名:长线投资获利金律:股神巴菲特赞誉,启发所有投资人的世纪经典
作者:艾德加?罗伦斯?史密斯
译者:吴书榆
出版社:大牌出版
出版时间:2021/6/23
规格:平装 / 240页 / 14.8 X 21CM / 单色印刷 / -

内容简介:
巴菲特:这本轻薄的小书改变了投资世界。
──奠定股票复利观念的经典──

投资工具琳琅满目,为什么要选股票?
华尔街史上*具...
Product Details
商品详情
基本信息:

书号:9789865511999
书名:长线投资获利金律:股神巴菲特赞誉,启发所有投资人的世纪经典
作者:艾德加?罗伦斯?史密斯
译者:吴书榆
出版社:大牌出版
出版时间:2021/6/23
规格:平装 / 240页 / 14.8 X 21CM / 单色印刷 / -

内容简介:

巴菲特:这本轻薄的小书改变了投资世界。
──奠定股票复利观念的经典──

投资工具琳琅满目,为什么要选股票?
华尔街史上*具远见的分析师,
帮助投资人洞悉股债的长期投资价值,
见证80多年,股市的财富成长效应!

「史密斯启动了一道趋势,从根本上改变股票与的相对需求。」
──欧文?费雪(Irving Fisher),美国知名经济学家、经济计量学先驱者

.保留盈余对公司的重要性为何?
.若买进股票时完全不判断时机,结果会怎样?
.「股利」是重要的选股指标吗?
.是*佳的长期投资媒介,能免于投机风险?
.何种投资行为反倒容易失利?

钱的天性就是生生不息。
当你选对复利的机器,
长期就能创造惊人的倍数获利!

曾几何时,金融市场上有种声音是:股票是投机者的游戏,不适合长期投资;相反地,才是值得长期持有的标的。然而,本书作者史密斯用超过八十年的实证数据,看出股市投资的巨大潜力,告诉广大的散户一项简单又深刻的观察:股票是台复利的机器!

透过本书,见证奠定现代复利投资的观念基础:
?理解保留盈余对公司的重要性。
?洞悉「股利」是否为重要的选股指标。
?厘清是否能免于投机风险。
?掌握不同类型资产的相对价值与本质。

市场涨跌、景气起落、多空交战,
当你理解财富如何发挥再成长力量,
你就知道该进场,还是该空手──
被巴菲特誉为「改变投资世界」的作者史密斯,在书中用实证图表分析,解析不同资产的长期投资价值,从资产配置决策的量化分析,到投资商品的本质探索,带领你掌握投资报酬的关键线索,强化投资成果!

本书特色

1. 股神巴菲特盛赞的投资观念
2019年,巴菲特在致股东信中提到了《股票作为长期投资》一书,赞誉「这本轻薄的小书改变了投资世界。」而早在1999年的太阳谷会议中,巴菲特便曾向在座的影响力人士推荐过此书。巴菲特认为,作者史密斯提出了一个关键洞见:企业保留盈余再投资的重要性,而这也是波克夏商业模式的核心要旨。

2. 价值投资先驱凯因斯的大力背书
本书也备受价值投资先驱──凯因斯的肯定,并因此邀请史密斯加入皇家经济学会(Royal Economic Society)。

3. 洞悉不同金融工具的运作逻辑,成为真正的市场赢家
本书见证投资思潮的转变与演进,进而深化对市场本质、金融工具的理解。唯有了解不同投资工具的运作逻辑、洞悉市场真义,才能在投资市场中大获全胜。

4. 求真实证的分析精神,实为投资者不可错过的永恒经典
你了解自己手中的投资组合,知道如何分析判断才能赚钱吗?本书以广泛的数据研究为基础,分析不同资产类别的长期投资价值。投资人能藉此训练客观的判断力,不武断地论断不同投资决策的优劣。而当你更懂得掌握不同类型资产的相对价值与本质,也就能更有效地控制恐惧与贪婪。

作者简介:

艾德加?罗伦斯?史密斯(Edgar Lawrence Smith)

美国经济学家、理财顾问暨投资专家,投资人管理公司(Investors Management Company)创办人。史密斯生于麻萨诸塞州的剑桥市,1905年自哈佛大学毕业。其于1924年出版《长线投资获利金律》一书,震撼投资界,更带动了股票投资风气,广获各界肯定。

目录:

推荐序 见证财富长期稳健增长的力量 Jenny
推荐序 以严谨的验证精神,洞悉投资迷思Mr.Market市场先生
推荐序 历史不会重演,但求真精神值得流传 安纳金
前言 洞悉资产本质,发现深度获利价值
作者说明

Chapter 1长线获利的价值思维
散户投资人是否可能因此受到不当影响,忽略他们身为
散户的投资目的是为了替未来或后代创造实质财富,而
不是追逐变动的价值符号?

Chapter 2选择长期赢家:股票与
股利虽然可能不像债息这么规律,但投资人大有机会因
为获利增加与多元配置,而赚得高于正常的报酬。

Chapter 3二十二年股债解析,找出真正复利机器
这些测试的重要性,在于其累积出来的震撼力道。单一
测试的显著性并不高,但是全部加起来之后,非常明确
指出大多数散户投资人都忽略的根本因素。

Chapter 4三十四年股债解析,揭示安全的长线投资
那么,我们要做的重要工作是,测试我们所提的「普通
股是安全的长线投资」理论。

Chapter 5环境危险极了!但股市仍屹立不摇
普通股里自有一股不受美元购买力波动影响的力量,可
以解释为何即便理论上来说,这段期间的表现应该
优于股票,但是后者仍然屹立不摇。

Chapter 6 三十七年股债解析,回溯报酬长河
我们再一次看到,各种产业中企业规模*大的十档股票
撑过了两次的经济恐慌,以及美国对西班牙的战争,每
年的收益均超过买进投资级的报酬。

Chapter 7二十世纪的大型绩优股
我们的数据指出,三家规模*大的铁路公司能大大提升
之前测试的成果。

Chapter 8股市新图表:见证本金复利的力量
根据简单、广泛的多元投资所选出的分散得宜普通股组
合,对应了某个基本因素,使得普通股具备了优于投资
级的优势,成为更好的长期投资标的。

Chapter 9复利效应:报酬增值的祕密
除非有相反的证据,不然我们可以合理推论出显现在普
通股上、主宰长期投资价值的力量为:在数年间,以重
要产业的代表性企业普通股组成分散得宜的持股组合,
其本金价值多半会随着复利的作用而上扬。

Chapter 10 投资股票的时机风险
就算是在高点买进,肯定也可以期待有某段期间可以收
回和名目投资数额相当的金额。情况的风险显然只
是时间长短的问题。

Chapter 11 创造财富的力量
国家的成长究竟是产业成功扩张的理由还是结果,我们
很可能永远都找不出答案,但这两者相辅相成,有利于
以股价表示的股票价值。

Chapter 12 是稳定的安全投资吗?
当投资人买进和抵押权时,会觉得自己必然在从事
比买进股票更明智且保守的投资。然而,通常实情并非
如此。

Chapter 13 搭上股票的复利成长便车
我们在测试期间执行的这套策略,可以显示再投资额外
收益以及因此产生的复利效应,如何让整体的投资资金
增值。

Chapter 14 投资管理:挖掘获利胜机
透过稳健投资管理,也就是了解当前产业环境,以及掌
握前景*看好产业中各家企业的管理特色,必能为选择
产业与个股带来助益。
附录A信用良好的长期报酬
附录B高殖利率的长期报酬
附录C的本金价值消长
致谢

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商品详情
基本信息:

书号:9789865511999
书名:长线投资获利金律:股神巴菲特赞誉,启发所有投资人的世纪经典
作者:艾德加?罗伦斯?史密斯
译者:吴书榆
出版社:大牌出版
出版时间:2021/6/23
规格:平装 / 240页 / 14.8 X 21CM / 单色印刷 / -

内容简介:

巴菲特:这本轻薄的小书改变了投资世界。
──奠定股票复利观念的经典──

投资工具琳琅满目,为什么要选股票?
华尔街史上*具远见的分析师,
帮助投资人洞悉股债的长期投资价值,
见证80多年,股市的财富成长效应!

「史密斯启动了一道趋势,从根本上改变股票与的相对需求。」
──欧文?费雪(Irving Fisher),美国知名经济学家、经济计量学先驱者

.保留盈余对公司的重要性为何?
.若买进股票时完全不判断时机,结果会怎样?
.「股利」是重要的选股指标吗?
.是*佳的长期投资媒介,能免于投机风险?
.何种投资行为反倒容易失利?

钱的天性就是生生不息。
当你选对复利的机器,
长期就能创造惊人的倍数获利!

曾几何时,金融市场上有种声音是:股票是投机者的游戏,不适合长期投资;相反地,才是值得长期持有的标的。然而,本书作者史密斯用超过八十年的实证数据,看出股市投资的巨大潜力,告诉广大的散户一项简单又深刻的观察:股票是台复利的机器!

透过本书,见证奠定现代复利投资的观念基础:
?理解保留盈余对公司的重要性。
?洞悉「股利」是否为重要的选股指标。
?厘清是否能免于投机风险。
?掌握不同类型资产的相对价值与本质。

市场涨跌、景气起落、多空交战,
当你理解财富如何发挥再成长力量,
你就知道该进场,还是该空手──
被巴菲特誉为「改变投资世界」的作者史密斯,在书中用实证图表分析,解析不同资产的长期投资价值,从资产配置决策的量化分析,到投资商品的本质探索,带领你掌握投资报酬的关键线索,强化投资成果!

本书特色

1. 股神巴菲特盛赞的投资观念
2019年,巴菲特在致股东信中提到了《股票作为长期投资》一书,赞誉「这本轻薄的小书改变了投资世界。」而早在1999年的太阳谷会议中,巴菲特便曾向在座的影响力人士推荐过此书。巴菲特认为,作者史密斯提出了一个关键洞见:企业保留盈余再投资的重要性,而这也是波克夏商业模式的核心要旨。

2. 价值投资先驱凯因斯的大力背书
本书也备受价值投资先驱──凯因斯的肯定,并因此邀请史密斯加入皇家经济学会(Royal Economic Society)。

3. 洞悉不同金融工具的运作逻辑,成为真正的市场赢家
本书见证投资思潮的转变与演进,进而深化对市场本质、金融工具的理解。唯有了解不同投资工具的运作逻辑、洞悉市场真义,才能在投资市场中大获全胜。

4. 求真实证的分析精神,实为投资者不可错过的永恒经典
你了解自己手中的投资组合,知道如何分析判断才能赚钱吗?本书以广泛的数据研究为基础,分析不同资产类别的长期投资价值。投资人能藉此训练客观的判断力,不武断地论断不同投资决策的优劣。而当你更懂得掌握不同类型资产的相对价值与本质,也就能更有效地控制恐惧与贪婪。

作者简介:

艾德加?罗伦斯?史密斯(Edgar Lawrence Smith)

美国经济学家、理财顾问暨投资专家,投资人管理公司(Investors Management Company)创办人。史密斯生于麻萨诸塞州的剑桥市,1905年自哈佛大学毕业。其于1924年出版《长线投资获利金律》一书,震撼投资界,更带动了股票投资风气,广获各界肯定。

目录:

推荐序 见证财富长期稳健增长的力量 Jenny
推荐序 以严谨的验证精神,洞悉投资迷思Mr.Market市场先生
推荐序 历史不会重演,但求真精神值得流传 安纳金
前言 洞悉资产本质,发现深度获利价值
作者说明

Chapter 1长线获利的价值思维
散户投资人是否可能因此受到不当影响,忽略他们身为
散户的投资目的是为了替未来或后代创造实质财富,而
不是追逐变动的价值符号?

Chapter 2选择长期赢家:股票与
股利虽然可能不像债息这么规律,但投资人大有机会因
为获利增加与多元配置,而赚得高于正常的报酬。

Chapter 3二十二年股债解析,找出真正复利机器
这些测试的重要性,在于其累积出来的震撼力道。单一
测试的显著性并不高,但是全部加起来之后,非常明确
指出大多数散户投资人都忽略的根本因素。

Chapter 4三十四年股债解析,揭示安全的长线投资
那么,我们要做的重要工作是,测试我们所提的「普通
股是安全的长线投资」理论。

Chapter 5环境危险极了!但股市仍屹立不摇
普通股里自有一股不受美元购买力波动影响的力量,可
以解释为何即便理论上来说,这段期间的表现应该
优于股票,但是后者仍然屹立不摇。

Chapter 6 三十七年股债解析,回溯报酬长河
我们再一次看到,各种产业中企业规模*大的十档股票
撑过了两次的经济恐慌,以及美国对西班牙的战争,每
年的收益均超过买进投资级的报酬。

Chapter 7二十世纪的大型绩优股
我们的数据指出,三家规模*大的铁路公司能大大提升
之前测试的成果。

Chapter 8股市新图表:见证本金复利的力量
根据简单、广泛的多元投资所选出的分散得宜普通股组
合,对应了某个基本因素,使得普通股具备了优于投资
级的优势,成为更好的长期投资标的。

Chapter 9复利效应:报酬增值的祕密
除非有相反的证据,不然我们可以合理推论出显现在普
通股上、主宰长期投资价值的力量为:在数年间,以重
要产业的代表性企业普通股组成分散得宜的持股组合,
其本金价值多半会随着复利的作用而上扬。

Chapter 10 投资股票的时机风险
就算是在高点买进,肯定也可以期待有某段期间可以收
回和名目投资数额相当的金额。情况的风险显然只
是时间长短的问题。

Chapter 11 创造财富的力量
国家的成长究竟是产业成功扩张的理由还是结果,我们
很可能永远都找不出答案,但这两者相辅相成,有利于
以股价表示的股票价值。

Chapter 12 是稳定的安全投资吗?
当投资人买进和抵押权时,会觉得自己必然在从事
比买进股票更明智且保守的投资。然而,通常实情并非
如此。

Chapter 13 搭上股票的复利成长便车
我们在测试期间执行的这套策略,可以显示再投资额外
收益以及因此产生的复利效应,如何让整体的投资资金
增值。

Chapter 14 投资管理:挖掘获利胜机
透过稳健投资管理,也就是了解当前产业环境,以及掌
握前景*看好产业中各家企业的管理特色,必能为选择
产业与个股带来助益。
附录A信用良好的长期报酬
附录B高殖利率的长期报酬
附录C的本金价值消长
致谢

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