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解决"波动焦虑"痛点 中欧低波策略系列稳健性凸显_中华网

解决"波动焦虑"痛点 中欧低波策略系列稳健性凸显_中华网
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中欧基金权益投决会主席周蔚文:牛股是时代的产物,我信仰长期价值 _ 证券时报网


中国基金报记者:什么是企业更基础的东西?
周蔚文:很多东西是常识,比如要投资醋业,我会去看酿醋的书,了解一些基础知识,搞清楚为什么要买5年陈、8年陈的醋?8年陈真的比5年陈好吗?我也会研究,醋和酱油与白酒有什么区别。站在消费者的角度,醋与酱油是调味品,拌到菜里、炒到菜里之后,很难知道是谁家的酱油。但酒是一口一口喝进去的,常喝的人,一喝就知道是谁家的酒。因此酒对品牌的依赖性更强一些,这是常识,不用去调研。
很多人倾向于跟踪短期数据,但这不是关键。关键要理解企业、行业长期发展的逻辑。所以,我们不只是研究财务报表,还要理解企业或行业底层的基础知识,把一些看似很普通的东西挖出来,看看是不是本质的规律。
中国基金报记者:你会看一些什么类型的书?
周蔚文:我一般是感� ....

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