The Five Rules for Successful Stock Investing

书名:The Five Rules for Successful Stock InvestingMorningstar'sGuidetoBuildingWealthandWinningintheMarket
作者:PatDorsey
译者:
ISBN:9780471686170
出版社:JohnWiley&Sons
出版时间:2004-12
格式:epub/mobi/azw3/pdf
页数:364
豆瓣评分: 8.9

书籍简介:

在线阅读本书 Book Description The Five Rules for Successful Stock Investing "By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless."                        —Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors Over the years, people from around the world have turned to Morningstar for strong, independent, and reliable advice. The Five Rules for Successful Stock Investing provides the kind of savvy financial guidance only a company like Morningstar could offer. Based on the philosophy that "investing should be fun, but not a game," this comprehensive guide will put even the most cautious investors back on the right track by helping them pick the right stocks, find great companies, and understand the driving forces behind different industries—without paying too much for their investments. Written by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five Rules for Successful Stock Investing includes unparalleled stock research and investment strategies covering a wide range of stock-related topics. Investors will profit from such tips as: * How to dig into a financial statement and find hidden gold . . . and deception * How to find great companies that will create shareholder wealth * How to analyze every corner of the market, from banks to health care Informative and highly accessible, The Five Rules for Successful Stock Investing should be required reading for anyone looking for the right investment opportunities in today's ever-changing market. From the Inside Flap Stocks can be the perfect vehicle for your investment journey–if you know how to pick them. With Morningstar’s unparalleled guidance you can get the story behind the numbers and learn how to invest in stocks with care and confidence. In The Five Rules for Successful Stock Investing, Pat Dorsey, Director of Stock Analysis for Morningstar, Inc., helps today’s investors learn from the mistakes of the past in order to lay a solid foundation for future success. According to Mr. Dorsey, "Investment success depends on personal discipline, not on whether the crowd agrees or disagrees with you." In a highly accessible and down-to-earth style, Dorsey helps even novice investors understand how to evaluate companies and achieve success by buying stocks at a discount of their true worth. Reading The Five Rules for Successful Stock Investing is like joining a community of fellow investors who want to better understand how stocks operate, avoid the common pitfalls of investing, and build strong stock portfolios they can be confident in. Dorsey and his team of stock analysts will open investors’ eyes to a wealth of investment opportunities that exist regardless of market conditions, as they learn: * How to develop a feel for what makes a company profitable * How to find great companies with a competitive advantage * How to make sure a company’s management team is on their side * How to recognize red flags that can cause blow-ups in a portfolio * How to apply proven valuation principles to improve results * And how to apply a 10-Minute Test to any stock in order to determine if it’s worth investigating in more detail A complete investment guide for people who are serious about mastering stock strategies, The Five Rules for Successful Stock Investing outlines the rigorous process through which Morningstar evaluates stocks, providing readers with tried-and-true tools for selecting stocks that will make promising long-term investments–and perhaps more important–avoiding those that won’t. In today’s economic climate, The Five Rules for Successful Stock Investing has something to offer every investor. Seasoned investors will welcome the kind of sound, reliable advice that can help them avoid the mistakes of the past, while novice investors will find the kind of "on-ramp" introduction they need to get moving along the road to better investment results. Book Dimension length: (cm)23.1                 width:(cm)15.3

作者简介:

帕特·多尔西,晨星公司股票分析负责人,他既是晨星股票分析师团队的领导,又定期为morningstar.com供稿。他在发展晨星公司股票评级方面发挥了很大作用,同时在建立晨星公司股票覆盖范围方面起到关键作用。多尔西的观点常常被媒体广泛的引用,这些媒体包括《今日美国》、《美国新闻与世界报道》、《NBC晚间新闻》以及CNBC和CNN等。他也被邀请参与福克斯新闻频道《看多看空》节目。

书友短评:

@ 局外人 Financial statements and stock valuation explained, fundamentals of 13 different industries overviewed, and the "Morningstar way" of investment put together. The train of thought regarding how to determine appropriate parameters of discounted cash flow model is especially enlightening. @ Mr. L Financial statements and stock valuation explained, fundamentals of 13 different industries overviewed, and the "Morningstar way" of investment put together. The train of thought regarding how to determine appropriate parameters of discounted cash flow model is especially enlightening. @ Paulotte 书的英文原名非常精确:《The Five Rules For Successful Stock Investing》(成功股票投资的五条规则),即:1.扎实研究;2.寻找具有强大竞争优势的公司;3.拥有安全边际;4.长期持有;5.适时卖出。在价值投资的投资观和方法论之下,书里补充介绍了基础的公司财务分析以及对13个主要行业介绍和点评。本书是公司基本面分析的经典之作,是一本价值投资的理论书兼多行业基本面分析的工具书。要言不烦,常读常新。

书籍目录

  • 不要为精确性担心,只要思考你正在评估的公司比平均水平风险更高还是更低,以及风险高或低了多少,你就做得很好了。另外,记住给折现率赋值不是精确的科学,对一家公司来说没有“正确”的折现率。
    —— 引自章节:折现率 / 129
  • 医疗保健行业包括制药公司、生物技术公司、医疗器械公司和医疗保健服务组织。在这些领域中,我们认为制药公司和医疗器械公司通常是最有前途的,因为它们有典型的最强的竞争优势。
    —— 引自章节:第十四章 医疗保健行业
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