2006年将成为机会难得的价值投资之年。真正的“价值投资”首先对投资标地进行基本面分析,并在此基础上对投资标地进行估值分析从而得出其内在价值,如果内在价值高于交易价格,则认为投资该股票具有一定的安全边际。通常“价值投资”者会设定一个安全边际限值如20%或30%,若安全边际大于该限值,则进行投资。 2006 will be a rare opportunity to invest in value. The real “value investing” first carries out a fundamental analysis on the place of investment, and on the basis of this, carries out the valuation analysis of the investment destination to derive its intrinsic value. If the intrinsic value is higher than the transaction price, then the investment is considered as having A certain margin of safety. Typically, Value Investors will set a margin of safety margin, such as 20% or 30%, and invest if the margin of safety is greater than this limit.