首先要厘清一投资观念就是──“长期持有不等于长期投资”,很多保守投资人以为所谓长期投资就是买进一种股票而后长期持有。事实上,从世界整体产业与经济变化的角度观察,几乎没有什么产业或企业可以历经数十年而长期持续保有荣景的。可以说世界上几乎没有企业或产业能逃离所谓 First of all, to clarify a concept of investment is ─ ─ “long-term holdings does not mean long-term investment,” many conservative investors that the so-called long-term investment is to buy a stock and then long-term holdings. In fact, from the point of view of the overall industrial and economic changes in the world, few industries or enterprises can sustain their long-term prosperity after decades. Almost no business or industry can escape the so-called world