真正实用的投资理论,多半不花哨,其实用性更多体现在对不同市场的适应性及司操作性方面。在投资界,行业轮动是最吸引人的理论之一。想想看,今年指数跌了15%,但要是各个行业这么轮一次,保本至少应该不是太难。其实,到底有多少宣称自已抓住行业轮动的人,真正为自己带来超额收益?我们 The real practical investment theory, most of them are not fancy, the practicality is more reflected in the adaptation to different markets and operational aspects of the Division. In the investment community, industry rotation is one of the most attractive theory. Think about it, the index fell 15% this year, but if the various sectors such a round, capital preservation should at least not be too difficult. In fact, how many people claim to have taken turns in their industries really bring their excess returns? We