Essence of value investing

 The last stage , the U.S. financial crisis swept through the capital markets around the world , in today's society of economic globalization , China's capital market is not spared .
estimates for the intrinsic value -based assessment of the real value investor , the only concern Understand the business from a commercial point of view of long-term value to a reasonable price to buy their own identify and measure the long-term sustainability through the blue-chip companies, prepare for long-term hold . it is that simple !
Balao has always said he did not Concerned about the short term , but only care about the investment company 's earnings next 10 years . not that it does not care about these issues , but Balao profoundly summed up the economic rules of history , insight into the nature of the business .
way of thinking to business Equity investment is very useful , because the stock market, the nature of the rational allocation of economic resources , return to the nature of this business . based on the business logic of this basic point , long-term investment in the corporate governance structure , the management of the industry forward Grasp , management integrity and ability , the business is simple, robust growth in the past, financial , corporate leaders such sustained growth in the future greatly increase the probability of certainty , rather than simply report on the so-called financial analysis of data piling up .
important The logical framework and reasoning , while the financial measure is a strong support tool. understand financial behavior, the law of public investment in mental activity had a clearer understanding. on investment is very useful and effective to improve investment performance.
interpretation of a philosophical approach both to invest in this thing is feasible , not to mention the two extremes is a crazy market. the two sides of a coin with two sides of the rules of commercial operation is an important basis for the rules . Business (Corporate ) Run periodic boom ( high growth ) behind the stage of adjustment will occur , likely that some of the things meet the basic needs of the people maintained , sensitive to cyclical macro-economic adjustment of the goods or services, a little too intense .
then From the meet the basic needs of everyday business logic to proceed , we should get some useful lessons.