加入讀書會的第三本書
[ 價值投資 ] 的執行者
複利概念
巴菲特從他的啟蒙老師「葛拉漢」學到了【價值投資】v1.0版
「安全邊際」: 安全邊際夠大,投資人越安全。
葛拉翰發明了【菸屁股股票】 理論 :
當市值比淨營運資本低於 1/3 以上 = 超級便宜股票
也就是股價被過度低估時,價值投資就會浮現。
Viva La Vida - Cold Play
I used to rule the world 我曾經統治世界 Seas would rise when I gave the word 只要我一個口令就能使海水升起 Now in the morning I sweep alone 如今的早晨只剩我獨自環顧四周 Sweep the streets I used to own 環視每條曾經屬於我的街道
I used to roll the dice 過去只要我轉動手中的骰子 Feel the fear in my enemys eyes 就能感受到敵人眼中的恐懼 Listen as the crowd would sing: 聽著人民傳頌著 "Now the old king is dead! Long live the king!" 舊王朝被推翻了!新國王萬歲! One minute I held the key 前一刻我還握著世界之鑰 Next the walls were closed on me 下一秒世界卻從我手中消失 And I discovered that my castles stand 原來我所豎立的城堡 Upon pillars of salt, and pillars of sand 只是不堪一擊的砂城
I hear Jerusalem bells are ringing 我聽見耶路撒冷的鐘聲響起 Roman Cavalry choirs are singing 羅馬的騎兵唱詩班正在吟唱著 Be my mirror my sword and shield 請成為我的鏡子 我的刀與盾 My missionaries in a foreign field 我的傳教士流亡在外 For some reason I cant explain 我無法解釋原因為何 Once you go there was never, never an honest word 但是只要你來過 將會發現這裡沒有誠實的語言 That was when I ruled the world 那就是我曾經統治的世界
It was the wicked and wild wind 當時刮起邪惡的狂風 Blew down the doors to let me in. 吹垮所有入口的城門讓我進入 Shattered windows and the sound of drums 窗戶上震碎的玻璃 發出陣陣巨響 People couldnt believe what Id become 人民無法置信我成為他們的國王 Revolutionaries Wait 革命者伺機而動 For my head on a silver plate 等著我的頭顱作為祭品 Just a puppet on a lonely string 我只是綁著一條細弦的傀儡 Oh who would ever want to be king? 噢 誰會想成為這樣的國王
I hear Jerusalem bells are ringing 我聽見耶路撒冷的鐘聲響起 Roman Cavalry choirs are singing 羅馬的騎兵唱詩班正在吟唱著 Be my mirror my sword and shield 請成為我的鏡子 我的刀與盾 My missionaries in a foreign field 我的傳教士流亡在外 For some reason I cant explain 我無法解釋原因為何 I know Saint Peter wont call my name 我知道連聖彼得都不願提起我的名子 Never an honest word 不曾有過真誠兩個字 But that was when I ruled the world 但那就是我曾經統治的世界 (Ooooh Oooh Oooh)
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