最近跌市都是一些短期政策擔憂所做成,其實從長期看沒有甚麼大不了.所謂的負面因素,理據實在欠缺說服力.明明大部份優質中資企業的年度業績一定會好.但市場竟然視若無睹,奇怪.
價值明明擺在面前,就看是不是能掌握了. 現在不愁沒有'對象',只是那來這麼多的資本. 最想吸納是銀行,保險及某些消費股, 而這個價錢, 有一兩隻地產股也是挻吸引的.
這些不就是巴菲特所說'不需智慧都可看到'的機會嗎?當到業績公佈期,可能又是另一番景象了.
筆者不時也提醒自己,作為投資人如果經常怕這怕那,是很難在投資路上取得大的突破.
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"And the idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all."
---Warren Buffet
