Bitcoin Forum
June 17, 2024, 08:19:36 PM
Welcome,
Guest
. Please
login
or
register
.
News
:
Voting for pizza day contest
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
对巴菲特看好A股 可认真又不可太认真
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: 对巴菲特看好A股 可认真又不可太认真 (Read 280 times)
jsgayo
(OP)
Sr. Member
Offline
Activity: 476
Merit: 250
对巴菲特看好A股 可认真又不可太认真
May 05, 2015, 07:04:40 AM
#1
巴菲特一年一度的投资盛会近两天再度吸引全球媒体连篇累牍的报道,各地的投资者纷纷赶往伯克希尔哈撒韦公司注册地、美国中部小城奥马哈,既是前去朝圣,也顺便狂欢。
巴菲特是个乐观主义者,甚至在2008年金融危机之后,他对美国经济与金融机构依然充满了信心,他也因此收获颇丰。
在2015年股东大会上他保持了一贯的作风。对于外界针对其旗下机构或合作对手的质疑,如对于ClaytonHomes和3GCapital,他给予了不容置疑的辩护,同时表示对美国经济仍旧保持着足够的信心。
乐观主义者会在股价下跌时托底。2008年10月,巴菲特在金融危机最严重时,通过购买优先股注资高盛50亿美元。根据当时双方的协议,巴菲特获得的优先股每年将享受10%的固定股息,同时还将获得在此后5年内以每股115美元的价格认购4350万股高盛普通股的认购权证,这约相当于高盛流通股数量的9%。到2011年,高盛让巴菲特50亿美元的投资回报达到30亿美元以上。
2011年8月,伯克希尔投资50亿美元购买美国银行优先股,享受每年6%的固定股息,同时获得在未来十年以每股7.14美元的价格购买7亿股美国银行普通股的认购权证,伯克希尔公司还长期持有富国银行和美国合众银行的股份。
红利期还在持续,伯克希尔在2021年9月以前,在任何时间内都可以以50亿美元的出价买入7亿股美国银行的股票,而在去年末,同等数量股票的市值是125亿美元。相信巴菲特一定会行权兑现红利。
控制风险比盈利重要。巴菲特指出,伯克希尔为了防止经济问题,总是保证有200亿美元的现金。目前融资成本如此之低,但即使如此,伯克希尔依然不会轻易融资投资,还是会保持现金流,同时买入保险公司进行双保险。
不过,在今年给股东的信中,巴菲特强调波动率不等于风险,有时恰恰相反,这可能是受黑天鹅理论的影响。波动性和风险不是一回事,一些流行公式将学生和投资者领入歧途。2008年如果听从权威人士的警告股价会下跌,投资“安全”的国债或者银行存单,那么投资者会痛苦不堪,无法享受股市溢价,还会担心退休后的生活。波动率有时是集体恐慌、集体盲从的结果,并不代表真正的市场价值。
对价值投资的忠诚也是忠诚的一个向度。面对投资者对于A股市场上涨的提问,巴菲特直截了当地回答,他看好未来两到三年,但价值投资跨越国度。巴菲特认为,在中国、印度、德国,都可运用价值投资理念,股票上下起伏是有利的。A股投资者承担风险能力很强。A股股票如果很火,会变得和硅谷一样,但是在A股市场还是不要进行过多的炒作比较好。A股的投机力量比美国还要大,这可能会创造出机会。人们都寻找容易的方式,但容易的方式往往是错误的。
对于巴菲特看好A股既要认真,又不要太认真。比如巴菲特买中石油盈利,他确实看好中石油,但那是在特定时间段和特定环境之下。
2002~2003年,伯克希尔哈撒韦公司累计斥资4.88亿美元买入中石油1.3%的股权,巴菲特为公司估值1000亿美元,这一估值偏低,伯克希尔哈撒韦公司在2007年出售这部分股权时,中国石油的市值已高达2750亿美元,伯克希尔撒韦公司大赚36亿美元。中石油在A股上市开盘价48.6元,是盛宴快结束的标志。而其拥有40万名员工,高昂的成本、无法介入的管理层,使巴菲特注定不会像可口可乐一样长期持有。
把钱投在股市一系列分散的公司里,比投在与美元相关的债券里更安全,巴菲特也不碰贵金属。当然,这是对巴菲特而言,他是股神,不是债券与期货之神。
来源:《每日经济新闻》
▓▓▓ BITMIXER.IO ▓▓▓
▓▓▓ High Volume Bitcoin MIXER ▓▓▓
Pages: [
1
]
Print
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
对巴菲特看好A股 可认真又不可太认真
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...