| dc.description.abstract | Time and Tide wait for no one. Many people can be successful in heyday but very few can recognize the opportunity or carry on during catastrophic times, only if you have faith in yourself. Taking Warren Buffett as example, his value investment model is not based on ′Sell High and Buy Low′ in the stock market. He would consider how much the company is worth, how much revenue is expected, or how much the safe margin will be reached. If Mr. Market provides an opportunity of unreasonable price, people will make greedy choice from their fear.
Value investment in both qualitative and quantitative terms, not only help to build up the faith, but also give you a clear vision for where you will head for. Following with your partner of Time, you may extend infinitely, making the company′s value roll like snow ball. The more it rolls and the bigger it becomes. Let′s say, the annualized rate of return is 5.3%. It increased to 29% 5 years later, 68% in 10 years, 181% in 20 years and 371% in 30 years. Your cash register will keep ka-ching as Mr. Buffett′s. | en_US |