一、研究背景及进展世界经济的一体化使投资者在投资实践中更加注意回避金融风险。相比于激进投资的稳健投资,由于能够保持稳定收益和最大程度地规避风险,越来越成为机构投资者的共识。国际投资大师巴菲特就以稳健投资闻名,他认为“只有稳健的投资者才能成为市场中最后的赢家”。 First, the research background and progress The integration of the world economy so that investors in investment practice more attention to avoid financial risks. Compared with the steady investment of aggressive investment, it is more and more becoming the consensus of institutional investors because it can maintain stable earnings and maximize risk aversion. Buffett, an international investment guru, is known for his prudent investment, arguing that “only solid investors will be the last winners in the market.”