¼ÐÃD:
¤T个¤p问题
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§@ªÌ:
mikeon88
®É¶¡:
2012-7-1 18:15
¼ÐÃD:
¤T个¤p问题
From:
zheng li
Sent:
Sunday, July 01, 2012 5:47 PM
Dear Michael,
§Ú¦³¤T个¤p问题¡A¬O¦b¬Ý书时产¥Íªº¡]¤£¯à参ÉO±zªº±±Â课¡A¬Æ为遗¾Ñ¡A§Æ±æ¥H¦Z¦³Éó会来¥x®È´å时参¥[¤W课¡^¡C
A©@©MB©@ªº标ã©M区别¬O¤°¤\¡HA©@¬O¦n¤½¥q¡AB©@¬O©P´Á©Êªº¤½¥q¡H
¦pªG¤@个¤½¥qªº¬Õ§Q没¦³¼W长¤]没¦³°I°h¡A¨C¦~«O«ù¦b1亿¤¸¡A¨º¤\¨ä¥«¬Õ²v为15¿为¨ä¦X²zɲ®æ¡]§Y报¹S²v¬O6.7&%¡^¡H
ªÑ®§§é²{¤½¦¡¡Gpºâ³ø¹S²v°ß¤@¥¿½Tªº¤½¦¡¡A为¤°¤\¤£¬O¥Î¥¼来现ª÷¬yªº§é现¤½¦¡¡H¦Ó¬O¥ÎªÑ®§§é现¡H¦pªGªÑ®§²v§C¡A¨ä实¤½¥q¥Î来¦A§ë资¤F¡A¤]¥i¥H«O«ù¼W长ªº°Ú¡C
§@ªÌ:
mikeon88
®É¶¡:
2012-7-1 18:20
Dear Jason®á:
Åwªï±q«n¨Ê¨Ó¥xÆ[¥ú
1. A©@ = ÀsÀYªÑ = sector leader = first tier
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¨C¦~³£ÁÈ1»õ¤¸ªº¤½¥q¡AY³£¤£°t¥X¨Óµ¹ªÑªF¡A
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3.
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¦p¦ó²z¸ÑªÑ®§§é²{¤½¦¡ ?
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³o¬O§ë¸ê¾Ç¤W³Ì«nªº¤@±ø¤½¦¡¡A
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³£¬O¥Î³o±ø¤½¦¡¦bºâ§ë¸ê³ø¹S²v¡C
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4. §é²{¤½¦¡«üªº¬OªÑ®§¡A¦Ó«D¦Û¥Ñ²{ª÷¬y¶q¡C
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§@ªÌ:
mikeon88
®É¶¡:
2012-7-2 11:52
From:
zheng li
Sent:
Monday, July 02, 2012 11:51 AM
¦h谢 Michael,
这¨Ç问题¡A当ªì§Ú¬Ý±zªº书©M讲义时¦n¹³¬OÀ´¤F¡A¦ý¬O³Ìªñ¤S½kÒ\¤F¡A¬Ý来当ªì没¦³²z¸Ñ³z彻¡C·L¨¥¤j义ªº东¦è»Ýn¤ÏÎ`©CÄZ¥i¯à¤~¯à¯u¥¿À´±o¡C³Â烦±z¤F¡C
À´±o¤F这¨Ç¨Æ项¡A¬Ý§ë资ªº«ä¸ôªGµM¤£¤@样¡A¬Oì来没¦³ªº¹Ò¬É¡I
¦A¦¸谢谢¡A
§@ªÌ:
polyperry
®É¶¡:
2012-7-2 12:27
ªÑ®§§é²{¤½¦¡¡Gpºâ³ø¹S²v°ß¤@¥¿½Tªº¤½¦¡¡A为¤°¤\¤£¬O¥Î¥¼来现ª÷¬yªº§é现¤½¦¡¡H¦Ó¬O¥ÎªÑ®§§é现¡H¦pªGªÑ®§²v§C¡A¨ä实¤½¥q¥Î来¦A§ë资¤F¡A¤]¥i¥H«O«ù¼W长ªº°Ú¡C
¥¿±·Q,§Ú̶R½æªÑ²¼®É,¶R»ù(¿ú¬y¥X¤f³U),½æ»ù(¿ú¬y¶i¤f³U),ªÑ®§(¿ú¬y¶i¤f³U),¥N¤J§é²{¤½¦¡pºâ³ø¹S²v(r)²z©Ò·íµM.
¤Ï¹L¨Ó·Q,²{ª÷¬y¶q¦b¶R½æªÑ²¼®É,±q¥¼¶i¥X§Ú̪º¤f³U,§â¸ò¶R½æªÑ²¼µLÃöªº²{ª÷¬y¶q¥N¤J§é²{¤½¦¡,¦³·N¸q¶Ü?¤£¥u¸ò³ø¹S²v¤£¬ÛÃö,¤]µL·N¸q.
§@ªÌ:
mikeon88
®É¶¡:
2012-7-9 06:37
From:
zheng li
Sent:
Sunday, July 08, 2012 10:40 PM
Subject:
°t±o¥X现ª÷ªº¤½¥q¤~¬O¦n¤½¥q
Dear Michael,
关¤_°t±o¥X现ª÷ªº¤½¥q¤~¬O¦n¤½¥q¡A§Ú¬O¤À¤L点来²z¸Ñªº¡A¤£ª¾¹D¬O§_¥¿ÚÌ¡H
1¡B°t®§¬O维«ùROEªº¤@个办ªk¡C
2¡B°t®§¥i¥H发现¦a¹pªÑ¡C¯à°t®§说©ú¤½¥qªº§Q润¦³现ª÷¬y¤ä«ù¡A¬O¯u实ªº¡C
3¡B¯à°t±o¥X现ª÷¦ý¬O¤£°tªº¤½¥q¬O³Ì¦nªº¤½¥q¡A¦p§B§J®L¡AApple¡C¦]¯à维«ù°ªROE¡A°t®§n¦©税¡C¯à维«ù°ªROE¤£°t®§§ó§Q¤_ªÑ东¡A¦³Î`§Q®ÄªG¡C
4¡B¤£§C¤_40%ªº°t®§²v¬O经验数吗¡H
请±z§å§ï¤@¤U§Úªº¬Ýªk¡C
Regards,
§@ªÌ:
mikeon88
®É¶¡:
2012-7-9 06:39
1. yes
2. yes
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3
¦~°t®§¦Ü¤Ö
40%
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)
2. ÄY«±ÇªÅ¡G¬Õ¦A²v¤j©ó200%
3. ª±¤õ¡G¤À´²§ë¸ê¡C
3.
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ROE
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4. yes
±q¶®·s¸ò
SAY
±o¥X¨Óªº¸gÅçÈ
§@ªÌ:
mikeon88
®É¶¡:
2012-7-9 06:46
From:
zheng li
Sent:
Sunday, July 08, 2012 11:00 PM
Dear Michael,
¬ðµM·Q¨ì¡GªÑ®§§é现¤½¦¡¬O计ºâ§ë资ªÌªº报¹S²v¡A¥ø业¦Û¥Ñ现ª÷¬yªº§é现¬O计ºâ¥ø业ªºÉ²È¡C两ªÌ计ºâªº对¶H©M¥Øªº¤£¤@样¡C
§@为§ë资ªÌªÖ©w¬O¥Î«eªÌ¡C
§Úªº这个²z¸Ñ对吗¡H
§@ªÌ:
mikeon88
®É¶¡:
2012-7-9 06:47
¿ù !
4. §é²{¤½¦¡«üªº¬OªÑ®§¡A¦Ó«D¦Û¥Ñ²{ª÷¬y¶q¡C
a.
ªi§J®L2006-08³sÄò3¦~ªº¦Û¥Ñ²{ª÷¤]³£¬Otªº
¤º¦b»ùÈY¬O¥Î¦Û¥Ñ²{ª÷¥hºâ¡AÃø¹D¥¦ªº»ùȬOtªº ?
b. §é²{¤½¦¡§ó¤£¬O«ü²{ª÷¬y¶q (§Y´Á¥½²{ª÷)¡A
¤½¥q¤â¤Wªº²{ª÷¤£°t¥X¨Ó¤£ºâ¬OªÑªFªº³ø¹S²v
°²³]¤½¥q¦³²{ª÷100¤¸¡A«á¨Óµo¥Í˳¬¡AªÑ»ùÅܦ¨ 0¡A
ªÑªF¤@µL©Ò¦³
¦pªG¦b˳¬«e¥ý§â100¤¸°t®§¥X¨Ó¡A
§Y«K«á¨ÓªÑ»ùÅܦ¨ 0¡A
ªÑªF¤´«O¦³100¤¸
³o·N«ä¬O»¡¡A
ªÑ®§§é²{¤½¦¡¤¤ªºªÑ®§¡A»P
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¦Ó«D¦Û¥Ñ²{ª÷©Î²{ª÷¬y¶q
http://tw.myblog.yahoo.com/mikeon88/article?mid=658&prev=256&next=657
¤Úµá¯S¤]¬O¥ÎªÑ®§§é²{¤½¦¡¨Óµû¦ôªÑ»ù¶Ü ?
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¶Q«U»ùªºpºâ
2009/10/31 18:34
From: Perry Kuo
Sent: Saturday, October 31, 2009 6:04 PM
¤Úµá¯S¤]¬O¥ÎªÑ®§§é²{¤½¦¡¨Óµû¦ôªÑ»ù¶Ü ?
Berkshire Hathawayªº¦~³ø¸Ì¦³´£¨ì¶Ü ?
·|³o¼Ë°Ý¬O¦]¬°µû¦ô¤èªk¤£¦P¡A¶R¶i»ù¤]·|¤£¦P¡C
From: mikeon
Sent: Saturday, October 31, 2009 6:22 PM
Owner's Manual
P.5
Intrinsic value can be defined simply: It is the discounted value of
the cash that can be taken out of a business
during its remaining life.
ª`·N³á¡Acash that can be taken out of a business ¡A¨Ã¤£¬O«ü¦Û¥Ñ²{ª÷¬y¶q
ªi§J®L2006-08³sÄò3¦~ªº¦Û¥Ñ²{ª÷¬y¶q³£¬Otªº
¡A
¤º¦b»ùÈY¬O¥Î¦Û¥Ñ²{ª÷¥hºâ¡AÃø¹D¥¦ªº»ùȬOtªº
°Ñ¾\¡G
¦p¦ó²z¸ÑªÑ®§§é²{¤½¦¡ ?
Åwªï¥úÁ{ ¤Úµá¯S¯Z ¬x·ç®õ (Michael On) (http://mikeon88.freebbs.tw/)
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