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结语:截至本期,已经向读者介绍了一些关于价值低估法投资的原则和方法,我们或许应该重新思考一下长期投资的定义。长期投资不是简单地买入并长期持有,而应该包含三重含义:从长期的角度来分析上市公司股票的价值;能够长时间地等待合适的买入时机;以合理的价格买入后长期持有直至股票的成长性被过分高估。根据以上含义,投资者做长期投资需要长期关注市场,就算熊市漫长也不能灰心丧气,事实上,熊市才是价值投资者买入的好时机。可以确信,作为价值型投资者,等到一二十年后,当我们站在中国股市的山峦之巅,感叹“会当凌绝顶,一览众山小”的时候,我们一定会庆幸当年自己的投资正好处于中国新一轮经济增长周期的开始和股市长牛市的谷底。由于我们采用了正确的价值投资策略,手中的股票早已几倍、十几倍,甚至数十倍地增长。而那时,我们也因为股价的倍乘效应而成为中国长牛市的最大赢家,正幸福快乐地生活着……
Conclusion: As of this issue, readers have been introduced to some of the principles and methods of undervalued investment, we may need to rethink the definition of long-term investment. Long-term investment is not simply to buy and hold for a long time, but should include triple meaning: from a long-term perspective of the value of listed companies stock; to wait for a long time to buy the right time; buy at a reasonable price long-term holding Until the stock’s growth is over-overestimated. According to the above, investors need long-term investment in long-term market concerns, even if the bear market can not be discouraged long, in fact, the bear market is a good time to buy value investors. It is safe to believe that as a value investor, when we stand on top of the mountain of China’s stock market after a decade or two, we will be glad when our own company Of the investment is just at the beginning of a new cycle of economic growth in China and the bottom of the stock market bull market. Since we have adopted the right value investment strategy, the stock in hand has already been several times, ten times, or even tens of times. At that time, we also became the biggest winner of China’s long bull market because of the multiplier effect of stock prices, and we are living happily and happily.