价值投资的理论与实践(英文).pptVIP

Value investing in theory and in practice Travis Morien Compass Financial Planners Pty Ltd In the beginning… What is value investing? “The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculators primary interest lies in anticipating and profiting from market fluctuations. The investors primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to b