Resurrection of the United States

The traditional industry is sluggish, and the securities market is naturally not honest. The so-called value of stocks is generally the future cash value of the company.

You earn two million in a year, two income, then give you ten times the valuation, this stock is worth 20.

Ok, if this revenue is constant, then there is no so-called stocks. You can buy less than ten times, because it is higher than the bank interest rate. It is dangerous than tweet more than tweet, because there is uncertainty.

However, you can invest in the ordinary industry, you can use PE to estimate, and the investment in the high-tech industry will not work. Just take Cisco, its revenue has been expanding sharply. This month is two pieces, two in the next month.

Then, the valuation here is difficult, and now the stock price is forty, twenty times PE is really high. However, its performance is increasing, waiting until the end of the year, there are three pieces.

So, next year, afterwards. Since you invest in the future, twenty times PE is naturally inappropriate.

If it is just a Cisco, Wall Street is uncomfortable. This goods are fastest to listed next year. Now the valuation is high, the wheel is not to be worried.

The problem is that the NASDAQ has obvious PE premium. Similar to Microsoft and Oracle's software leader, this estimate has exceeded 30 times.

Generally, the valuation is too high, and the large shareholder is just a way to take the opportunity. The problem is that the death of William Young, seems to forget that he has these stocks.

In the big shareholder who did not reduce, investors were very happy. They didn't matter if they didn't matter, they didn't mortgage to banks.

They are cool, naturally someone is not cool. You are not selling, the activity of the market is not enough, then so, it will be returned if you have it.

This rule of old beauty is actually very tall, and the number of circulation shares is too low, which is not allowed.

So, you are difficult to control the control in the country. It is absolutely no otherwise impossible, and it doesn't matter most.

This thing, in the past 40s, there are a lot of stock markets similar to the big rabbit countries, anyway, there is a variety of tricks.

Later, I didn't have it?

Because the fool is killed, no one will invest in the stock market, everyone believes that this is to deal with a group of fraud, it is not an investment.

The Great Depression in the history of rice is the mites of Wall Street. Deceived, deceived, lie to the end, no one dare to invest, the middle class has also been eliminated in a large half.

Lao Mei see, Nima, can't do it. So they have developed the most demanding laws in the world.

In the country, this securities fraud method is very cattle 13, it said that you are guilty, you must find offense.

This is very different from other laws. If you stole something, the world knows that you are stealing. If the prosecution can't get a solid evidence, you will still be punished.

The securities fraud method is different. You can't find evidence to prove yourself, that is, you can't say that you don't say that you have nothing to do, but also fine. This fine is punitive, and one wave can make you banned.

"The boss, the three rating agencies believe that Nasdaq's valuation is too high. If you do this, you will definitely have problems."

"Hey, this group of old guys is really interesting? Don't they think that you can get a cheap chip?"

"Cough, boss, in addition to these new toys, other industries can't." Felson smiled, rating nonsense, they could not be placed.

"Filson, the old guy is crazy, is this going to bully the silly boy? It is crazy.

Say good value investment, this is too much. "

William Huaite's mouth is relaxed, but it is very uncomfortable. The so-called foam is now inadequate.

Even if it is two thousand years, the so-called Internet bubble is also debatable. From the perspective of later generations, this is more like a limiting dish.

Greenspan said that there is a bubble in 1996. If you listen to his fool, you will miss the entire Internet.

Obviously, the small partner in Europe was that it was died in the pit. You have always said that the stock market is risky, ok, let's listen.

After three years, European friends found that they were obviously pitted. When they don't care, they have collapsed when they rushed in.

Very funny, 96 years Greenspan said that the Internet has a bubble, this thing is a joke. When he said in 1999, he said that the economy in the rice country was successful, we have gone rid of the original development model.

Cough, and other European friends enter the pit, including a group of big giants in Buffett Greenspan, began to say what value investment.

Well, it was only a greedy investor.

As for the investment banks of the air, it was originally planned to fine wine. Later, I didn't do it, Mei Lin and Citigroup fined a few million kilometers.

Haha, Nasdaq evaporates five trillion knives, you fined millions?

Ok, this is the meaning of three cups of wine, in fact.

The most memorable, here is going to say, the Germans never stock. It is this kind of person, and it is also planted on this Internet bubble.

That, when you call people to enter the pit, don't you say value investment?

"Right, Fülson, the Buffett? His portfolio has changed."

"No, the old man's eyes are not bad. He has been talking about the spirit of the rice, cough, and the outer movement of the manufacturing industry, the old guy is not as good."

"Hey, what is the live treasure from this place. Don't say it, your eyes are really unique. Unfortunately, if you are like him, don't invest universal appliances."

"Indeed, his portfolio, preparation insurance and finance."

"Ha, see, one said that it is not important. It is important that you have to see what he does." William Huai Shi's disdain, the sentence, the account will not lying.

As for Greenspan, William Young is too lazy to say, he can't talk about himself. Does his predecessor not heard greetings, now you can only go to the book.

The status of Professor in the country is higher, and there is no comparability with the boss of the rice.

However, they like to play. His William White will not jump out of the gun.

Stock this thing has invented for so many years, the profitable path has never changed.

Let's get it, but it is low. Solved sale. If you have changed, just the means of absorption.

Oh, it's just a big crocodile, it can be used to use too much.

"Cough, boss, we have recently reduced investment, and they are propaganda. I think they must be very expected to be reduced."

"Hey, there is a good thing in the dynasty, but they think more. How is it bubble? It is a healthy market.

However, Füsson, still staring at this group of guys. Three major rating agencies, this money is not small, if it is estimated, this group of guys must have a big action. "

"Okay, I know the boss."

In fact, he is also one of the members of William Young. When others say how others are greedy, someone seems to forget that he may be the most greedy.

To say that the emperor is annight, the reason is here. Do you make a fortune together? Nima, you will die without pit!