论文部分内容阅读
没有多年摸爬滚打的细分子行业研究经验和强大的专业团队支持,投资者很容易陷入各种成长陷阱。03许多人认为,买股票就是买未来,因此,成长是硬道理,要买就买成长股。的确,最牛的牛股一般都是成长股,然而,最熊的熊股往往也是成长股。许多国家股市的历史数据表明,高估值成长股的平均回报远不及低估值价值股,原因就在于成长陷阱比价值陷阱
Not many years of fickle sub-industry research experience and strong team of professional support, investors are easily caught in a variety of growth traps. 03 Many think that buying a stock is buying the future, so growth is the last word, buying a growth stock. Indeed, the most bullish bull stocks are generally growth stocks, however, and the bearish bear stocks tend to be growth stocks. Historical data from many countries’ stock markets show that the average return on high-value growth stocks is far below that of underevalued value stocks because of the growth trap versus the value trap