吴氏股票研究
股票研究,经济分析,共同基金管理,交易练习,投资理念,投资心理学
博文
(2006-02-10 13:01:29)
TheUltimateInvestmentReadingListFeedyourhead.byPatDorsey,CFA|09-23-05|06:00AM|E-mailArticle|PrintArticle|Permissions/ReprintsYoucan'tbeagoodinvestorwithoutreadingalot(trustme--I'vemetpeoplewho'vetried).Buyingstocksthatoutperformthemarketisanintensivelycompetitiveendeavor,andyou'rehandicappingyourselfunnecessarilybynotarmingyourselfwithinsightfromtheinvestmentliterature.Unfortunately,there'salotofh...[阅读全文]
(2006-02-10 13:00:32)
FiveWide-MoatDowStockstoConsiderBuyingCompanyStarRatingFairValueEstimateExpectedReturnCostofEquityRiskRatingJPMorganChaseJPM$5712.9%11.0%AverageMicrosoftMSFT$3410.6%9.0%BelowAverageJohnson&JohnsonJNJ$7410.1%9.0%BelowAverageWal-MartStoresWMT$5810.0%9.1%BelowAverageCoca-ColaKO$549.5%8.0%BelowAverageDatathroughDec.19,2005GiveYourselfaRaise!ByNathanParmelee(TMFDoraemon)Atparties,twoquestionsarepre...[阅读全文]
(2006-02-10 12:34:53)
Cramervs.CramerByRickAristotleMunarrizYou'vegottoloveJimCramer.ThecolorfulfounderofTheStreet.com(Nasdaq:TSCM),whohasbecomeoneofthemorememorableCNBCpersonalities(perhapsthemostmemorable),pullsoffadailymarket-munchingshowthatfewstockguruswoulddaretoattempt.HerantsaboutbusinessandinvestingduringMadMoney,culminatinginthealways-entertaining,WallStreet-on-steroids,lightningroundsegment.Armedwithsoundeff...[阅读全文]
(2006-02-10 12:25:45)
TheMarket'sMostOvervaluedStocksConsidersellingthesepriceyshares.byMitchellP.Corwin,CFA,CPA|09-26-05|06:00AM|E-mailArticle|PrintArticle|Permissions/ReprintsEquityvaluationsasawholehavebarelybudgedin2005,butthemarketremainsabitonthepriceysidewhencomparingtoMorningstar'scollectivefairvalueestimates(ToseemoreonMorningstar'sperspectiveonmarketvaluations,checkoutourMarketValuationGraph).Themedianstockin...[阅读全文]
(2006-02-10 12:23:29)
LimitlessPossibilities
ByRogerFriedman(TMFRoger)
I'vetakenabitofgriefatFoolHQformylackofaspecificinvestingfocus.Aroundtheseparts,thevalueguysandgrowthguysaremortalenemies,rivalsofthehighestorder,alwaysmeremomentsawayfromadance-off.Forsomeofthemorestridentmembersofeachfaction,myfree-forminvestingstyleisasfathomableasbeingafanofboththeYankeesandtheRedSox,havingbothJethroTullandGloriaEstefani...[阅读全文]
ByRogerFriedman(TMFRoger)
I'vetakenabitofgriefatFoolHQformylackofaspecificinvestingfocus.Aroundtheseparts,thevalueguysandgrowthguysaremortalenemies,rivalsofthehighestorder,alwaysmeremomentsawayfromadance-off.Forsomeofthemorestridentmembersofeachfaction,myfree-forminvestingstyleisasfathomableasbeingafanofboththeYankeesandtheRedSox,havingbothJethroTullandGloriaEstefani...[阅读全文]
(2006-02-10 12:21:42)
OutrageousMarginsByTimBeyersEverynowandagainweliketorollbackthecurtainsonhowweRuleBreakerspickstocks.InOctoberwerevealedthatoutrageoussalesgrowthoftendrivesourdecisions.That'sstillthecase,ofcourse.Buttriple-digitsalesgrowthalonecan'tbeenoughtocallastockaRuleBreaker.It'swhatthecompanydoeswiththeextramoolathatmatters.Ifit'sbeingusedwell,theresultwillbeanever-expandinggrossmargin.AndI'mnottalkingabou...[阅读全文]
(2006-02-10 12:08:48)
LousyOffices,GreatInvestments
ByBillBarker(TMFLazarus)Maybeitwasthelobbyoftheofficebuilding,whichisacrossbetween1960spublicelementaryschoolcolorschemesandSovietwarmth.Maybeitwastheofficespaceitself,inwhich,ifmemoryserves,thereceptionist'sdeskwaswithinaboutsixfeetofthreadbarecarpetfromthedoorstoboththeCEO'sofficeandthemain(only?)conferenceroom.Maybeitwashavingtoaskforakeytogettotherestroom,whic...[阅读全文]
ByBillBarker(TMFLazarus)Maybeitwasthelobbyoftheofficebuilding,whichisacrossbetween1960spublicelementaryschoolcolorschemesandSovietwarmth.Maybeitwastheofficespaceitself,inwhich,ifmemoryserves,thereceptionist'sdeskwaswithinaboutsixfeetofthreadbarecarpetfromthedoorstoboththeCEO'sofficeandthemain(only?)conferenceroom.Maybeitwashavingtoaskforakeytogettotherestroom,whic...[阅读全文]
(2006-02-10 12:06:42)
HowDeepIsYourMoat?Economicmoatshavemorethanonedimension.byPatDorsey,CFA|10-07-05|06:00AM|E-mailArticle|PrintArticle|Permissions/ReprintsWhenwethinkabouteconomicmoatsatMorningstar,wefocusonthelongevityoffirms'competitiveadvantages.Inourview,thewidthofacompany'seconomicmoatisdeterminedbyhowlongthefirmcangenerateexcesseconomicreturns.Firmsthatarelikelytokeepcompetitionatbayforaverylongtimehavewidemoa...[阅读全文]
(2006-02-09 14:54:14)
CSI:YourPortfolioByRickAristotleMunarriz(TMFBreakerRick)Acrimewascommitted.Somewherebetweenthemomentthatyouboughtyourstocks--filledwithhopeandthepromiseofabettertomorrow--andnow,thepotentialhasbeenpickeddry.It'sunfortunate.Youdon'tknowwhethertocall911or411,butaportfolioautopsywouldbenice,youthink.Youwantanswers.Or,attheveryleast,youwantfewerquestions.Let'sdonthelabcoats,slaponthesurgicalgloves,and...[阅读全文]
(2006-02-09 14:49:44)
WhyWon'tThisStockMove?!ByBillMannIt'soneofthemostfrustratingthingsininvesting:Youfindacompanythatyoubelievetobecheap.Really,reallycheap.Youbuyit.Thisistheone--thiscompanyisgonnamakeyourich.Sowhyisn'titgoingup?It'snotsomuchthatthestockisdropping.It'sthatit'sjustsittingthere,likecement.SlothstocksThereareanumberofreasonsthatastockdoesn'tmovethemomentyouhitthe"buy"button.Thefirstandmostimportantofthe...[阅读全文]
