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高水平的权益投资回报率必然会导致企业股东权益的高速增长,相应导致企业内在价值及股价的稳定增长。集中投资于具有高水平权益投资回报率的优秀企业,正是巴菲特投资屡屡获胜的秘诀之一。
A high level of ROI will inevitably lead to the rapid growth of the shareholders’ equity of the enterprise, which in turn will result in a steady growth of the intrinsic value of the enterprise and the stock price. Concentrating on investing in top-notch companies with high levels of return on equity investments is one of the many secrets to Buffett’s investment success.