주식투자107 찰리 멍거의 주식투자 조언 #20 주가가 형성되고 움직이는 원리 The Tao of Charlie Munger www.yes24.com #20 STOCK PRICES "It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are valued partly like bonds, based on roughly rational projections of use value in producing future cash. But they are also valued partly like Rembrandt paintings, purchased mostly becauses their prices have gone up, so fa.. 2020. 1. 17. 찰리 멍거의 주식투자 조언 #19 투자자의 자질 인내심 The Tao of Charlie Munger www.yes24.com #19 PATIENCE "I succeeded because I have a long attention span." 본문 Patience is a virtue, and it is also an asset in the investment game. Most people think that means patiently sitting on some investment forever, waiting for its value to go up. In Charlie's world it also means sitting patiently on a pile of cash waiting for some great business's stock pric.. 2020. 1. 16. 찰리 멍거의 주식투자 조언 #18 2030세대가 주식투자 외면하는 이유 The Tao of Charlie Munger www.yes24.com #18 A DEMORALIZED GENERATION "Thanks to the early 1930s and the behavior of the capitalists in the robber-baron days... stocks yieled dividends that were twice as much as the interest rates on bonds. It was a wonderful period to be buying stocks. We profited from other's demoralization from the previous generation." 본문 The crashes of 1929 and 1932 decimate.. 2020. 1. 15. 찰리 멍거의 주식투자 조언 #17 현금보유 The Tao of Charlie Munger www.yes24.com #17 CASH IS KEY "The way to get rich is to keep $10 million in your checking account in case a good deal comes along." 본문 Charlie advocates keeping $10 million in cash, and Berkshire keeps $72 billions sitting around in cash, waiting for the right deal to show up. The lousy return their cash balances are getting is a trade-offㅡpoor initial rate of return i.. 2020. 1. 14. 이전 1 ··· 4 5 6 7 8 9 10 ··· 27 다음