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价值投资不会只是阶段性的特征,而是会成为未来主导的投资理念,价值股会享受估值的溢价,而绩差股则会受到折价。受金融监管风暴影响,近期小盘股继续大幅下跌。在过去一年,前海开源基金管理有限公司董事总经理杨德龙一直倡导大家购买蓝筹价值股远离小盘股及绩差股,很重要的原因是经历股灾后,无论是投资者还是机构都会去选择买有业绩有价值的股票。只有业绩好的股票才能成为投资的常青树,这一点非常重要。很多人可能没有及时纠正到这种观念上,仍然选择买绩差股,这样很可能会吃大亏。
Value investing will not be a mere staging but a future-led investment philosophy. Value stocks will enjoy a premium on valuation, while underperformers will be subject to discount. Affected by the financial regulatory turmoil, small cap stocks continued to fall sharply in the near future. In the past year, Yang Delong, managing director of Qianhai Kaiyuan Fund Management Co., Ltd., has been advocating that everyone buy blue-chip value stocks away from small cap stocks and performance stocks. The important reason is that after the stock market crash, both investors and institutions will choose Buy stocks worth performing. It is very important that only well-performing stocks become an evergreen for investment. Many people may not promptly corrected to this concept, still choose to buy poor stocks, it is likely to eat big losses.