每份策略报告的形成,都有自己内在的逻辑框架,有些券商善于从货币供求来判断市场,有些则更善于公司调研和业绩推断,有些是依照周期理论作出判断。对于投资者而言,与其追求券商对业绩点位的预测,不如了解结论背后的逻辑,更有利于做出自己的判断。 Each strategy report has its own internal logical framework. Some brokers are good at judging the market from the money supply and demand. Others are better at company research and performance estimation, while others make judgments based on the cycle theory. For investors, rather than the pursuit of the performance of brokerages on the performance of the point of view, it is better to understand the logic behind the conclusion, more conducive to make their own judgments.