Cigar taub qab nqis peev yog ib hom kev lag luam muaj teeb meem. Hauv lub tswv yim no, koj yuav cov khoom lag luam qis hauv cov tuam txhab tawm tsam uas yuav tsum muaj nqis tshaj lawv cov nqi tam sim no. Koj cia cov khoom tawg tuaj, ces muag nws kom tau nyiaj sai. Qhov no yuav tsum tsis txhob tsis meej pem nrog tus nqi nqis peev, nyob rau hauv uas koj ua rau lub sij hawm ntev kev nqis peev nyob rau hauv cov tuam txhab uas lub lag luam tau undervalued. Cigar butt peev yog ib lub sij hawm luv luv rau kev yuav mus rau hauv cov tuam txhab tsis muaj zog. Koj tuaj yeem ua haujlwm nrog tus kws pab tswv yim nyiaj txiag yog tias koj tsis paub meej tias nws yog qhov zoo rau koj cov ntaub ntawv khaws tseg lossis koj tuaj yeem nyeem ntxiv kom paub ntxiv.
Dab tsi yog Cigar Butt Theory?
Cigar taub qab nqis peev yog ib lo lus coined los ntawm famed investor Warren Buffet. Nyob rau hauv tsab ntawv mus rau Berkshire Hathaway cov tswv lag luam rov qab rau xyoo 1989, nws tau piav qhia txoj kev xav uas yog ib txoj hauv kev los ntes tus nqi nrawm los ntawm cov tuam txhab tsis muaj zog. Raws li nws tsab ntawv:
"Yog tias koj yuav cov khoom lag luam ntawm tus nqi qis txaus, feem ntau yuav muaj qee qhov kev poob qis hauv kev lag luam uas ua rau koj muaj sijhawm los thauj khoom ntawm cov txiaj ntsig zoo, txawm tias kev ua haujlwm ntev ntawm kev lag luam yuav txaus ntshai. Kuv hu qhov no 'cigar butt' mus kom ze rau kev nqis peev. Lub cigar taub qab pom ntawm txoj kev uas tsuas muaj ib qho puff sab laug hauv nws yuav tsis muaj pa luam yeeb ntau, tab sis 'kev yuav khoom' yuav ua rau cov puff tag nrho cov txiaj ntsig. "
Piv txwv li, hais tias koj pom ib lub tuam txhab tawm tsam uas nws cov nqi lag luam tau raug thawb mus rau $ 0.75 ib feem. Lub tuam txhab no tseem ua haujlwm, txwv tsis pub, nws yuav tsis ua lag luam, tab sis nws tsis muaj zog lossis ua tsis tiav thiab kev lag luam tau pib twv tawm tsam nws.
Nyob rau hauv ib qho xwm txheej zoo li no, lub tuam txhab yuav zoo heev muaj qhov nce siab kawg ntawm tus nqi. Cov tub ua lag luam lig yuav txaus siab rau kev twv txiaj ntawm cov khoom pheej yig lossis lub tuam txhab yuav nrhiav ib tus neeg kom tau nws. Ntau zaus, tsuas yog winding thiab liquidating txhua yam uas lub tuam txhab muaj, yuav tsim ib qho nyiaj ntsuab infusion uas ua rau tus nqi sib koom. Tus nqi ntawd yuav tsis mus siab dua $ 1 ib feem, tab sis qhov ntxiv $ 0.25 yog tag nrho cov txiaj ntsig rau tus neeg ua lag luam lig.
Yog hais tias ib tug neeg pom ib tug smoldering cigar nyob rau hauv txoj kev, qhov lawv tau pom yog 90% pov tseg. Tab sis lawv tseem tuaj yeem tau txais qhov kawg 10% ntawm cov pa luam yeeb tawm ntawm nws dawb. Ib yam yog qhov tseeb ntawm cigar pob tw nqis peev. Cov khoom lag luam feem ntau yuav yog kev nqis peev tsis zoo, tab sis nws tseem tuaj yeem tig tau cov txiaj ntsig kawg.
Yog tias koj npaj txhij los ua ke nrog cov kws pab tswv yim hauv zos uas tuaj yeem pab koj ua tiav koj cov hom phiaj nyiaj txiag, tau pib tam sim no.
Koj Puas Paub Cov Tuam Txhab Cigar Butt Li Cas?
Txoj kev dav dav los txiav txim siab txog kev nqis peev luam yeeb yog los ntawm qhov hu ua lub tuam txhab tus nqi tam sim no (NCAV). Cov mis yog:
Hauv lwm lo lus, koj pib nrog tus nqi tag nrho ntawm txhua lub tuam txhab cov cuab tam. Tom qab ntawd koj rho tawm lub tuam txhab cov nuj nqis, lav txhua yam nws tshuav rau cov tswv lag luam nyiam (vim lawv tau them ua ntej). Qhov no qhia koj tias lub tuam txhab yuav tsim nyog li cas yog tias nws tau ua tiav thiab them tag nrho nws cov nuj nqis.
Tom qab ntawd koj faib qhov no los ntawm tus naj npawb ntawm cov khoom sib koom ntawm cov khoom lag luam. Qhov koj tshuav yog npaum li cas txhua tus tswv cuab yuav tau txais yog tias lub tuam txhab ua tiav tag kis, them tag nrho nws cov nuj nqis thiab faib cov seem rau nws cov tswv.
Yog tias tus lej no ntau dua li cov khoom lag luam tam sim no, ces lub tuam txhab yuav yog kev lag luam luam yeeb. Txawm hais tias lub tuam txhab ua haujlwm tsis zoo, nyob rau hauv qhov xwm txheej phem tshaj plaws, qhov kev daws teeb meem zaum kawg yuav them nyiaj ntau dua rau cov tswv cuab tshaj li lub tuam txhab tam sim no muag rau. Qhov no ua rau nws muaj peev xwm tau txais txiaj ntsig luv luv peev.
Pros thiab Cons ntawm Cigar Butt Investing
Nws yog ib qho tseem ceeb kom nkag siab tias kev lag luam cigar pob tw tsis muaj nqis nqis peev. Koj tsis tab tom nrhiav kev nqis peev mus sij hawm ntev hauv cov tuam txhab zoo ua lag luam hauv qab lawv cov nqi tiag. Hloov chaw, koj tab tom nrhiav rau cov tuam txhab tsis muaj zog yuav ua rau muaj txiaj ntsig kawg ntawm tus nqi. Tsis zoo li tus nqi nqis peev no yog lub tswv yim luv luv.
Qhov zoo ntawm txoj hauv kev no yog tias nws tuaj yeem muab koj qhov chaw zoo ntawm cov nyiaj tau los sai. Cov tuam txhab cigar pob tw yog ib txoj hauv kev los tig cov txiaj ntsig sai nrog kev nqis peev me me. Txawm hais tias ib qho nyiaj tau los ntawm cov nyiaj tau los kuj feem ntau yog me me, koj tuaj yeem ua tau ntau ntawm cov kev nqis peev no muab lawv cov kev hloov pauv.
Tab sis tsis txhob cia lub lure ntawm ceev nyiaj dag koj. Muaj ntau qhov downsides tiag tiag rau cigar pob tw nqis peev, uas yog qhov zoo nkauj npaum li cas rau cov tswv yim peev uas tsom rau lub sijhawm ua lag luam. Raws li Buffet tau piav qhia hauv tib tsab ntawv rau cov tswv cuab tau hais los saum toj no:
"Tshwj tsis yog koj yog tus neeg ua lag luam, txoj hauv kev zoo li kev yuav lag luam yog ruam. Ua ntej, tus nqi qub "kev sib cog lus" tej zaum yuav tsis dhau los ua tus neeg nyiag tom qab tag nrho. Hauv kev lag luam nyuaj, tsis muaj ib qho teeb meem daws sai dua li lwm qhov chaw - yeej tsis muaj ib tus kab laum hauv chav ua noj. Qhov thib ob, txhua qhov txiaj ntsig thawj zaug uas koj muaj kev ruaj ntseg yuav raug tshem tawm sai sai los ntawm qhov rov qab qis uas lub lag luam khwv tau.
Piv txwv li, yog tias koj yuav ib lub lag luam rau $ 8 lab uas tuaj yeem muag lossis muag rau $ 10 lab thiab sai sai kawm ob qho tib si, koj tuaj yeem paub txog qhov rov qab los siab. Tab sis kev nqis peev yuav poob siab yog tias kev lag luam raug muag rau $ 10 lab hauv kaum xyoo thiab nyob rau ib ntus tau txais txhua xyoo thiab faib tsuas yog ob peb feem pua ntawm tus nqi. Lub sijhawm yog tus phooj ywg ntawm kev lag luam zoo, tus yeeb ncuab ntawm tus neeg nruab nrab. "
Hauv lwm lo lus, ntawm ntau qhov teeb meem ntawm no, ob qho tseem ceeb: Ua ntej, txhua tus neeg ua lag luam tuaj yeem suav NCAV ib yam nkaus. Yog li yog tias tag nrho cov lag luam xav tias cov khoom lag luam no tsuas yog muaj nqis $ 1, txawm tias NCAV cov qauv hais tias kev lag luam tuaj yeem ua rau $ 1.50, nws tsim nyog nug vim li cas. Cov lus teb feem ntau yog ua nrog cov teeb meem hauv kev lag luam hauv qab, teeb meem uas txhais tau tias koj cov nyiaj tau los yuav tsis tshwm sim yooj yim… yog tias tag nrho.
Txawm hais tias nws ua tau, tsis muaj kev qhia txog lub sijhawm twg. Tib neeg ua haujlwm hnyav los cawm txawm tias tsis ua lag luam. Tsis muaj kev lav phib xaub tias lub tuam txhab no yuav hiccup thiab yog tias nws tsis muaj qhov lav nws yuav ua sai sai. Tej zaum koj yuav daig tuav cov khoom swb no rau xyoo. Txawm hais tias koj ua thaum kawg ua qhov ntawd $ 0.25 ib qho nyiaj tau los, lub sijhawm tus nqi ntawm kev nqis peev mus sij hawm ntev yuav muaj txiaj ntsig ntau.
Kev lag luam cigar pob tw yog ib qho kev nthuav qhia thiab ib qho uas Warren Buffet tau txais txiaj ntsig nrog kev ua nws thawj lab. Txawm li cas los xij, muaj ib qho laj thawj uas tam sim no nws ceeb toom cov tub ua lag luam tawm ntawm nws thiab nws qhia tib yam kev pheej hmoo profile raws li lwm lub tswv yim uas tau cog lus rau lub sijhawm ua lag luam.
Cov kab hauv qab
Cigar butt investing yog ib lub sijhawm luv luv kev nqis peev uas koj yuav cov khoom tsis muaj nqis hauv cov tuam txhab tawm tsam. Thaum nws ua haujlwm, koj tuaj yeem tau txais qhov kawg ntawm tus nqi los ntawm kev lag luam luv luv. Nws yog ib qho ntawm ntau cov tswv yim nqis peev uas koj tuaj yeem xav txog rau koj tus kheej cov ntaub ntawv.
Cov Lus Qhia rau Kev Ua Lag Luam
Muaj ntau txoj hauv kev ntse rau kev lag luam thiab nqis peev tab sis yog tias koj tsis paub meej tias yuav coj li cas ces koj yuav xav xav ua haujlwm nrog tus kws pab tswv yim nyiaj txiag. Tus kws tshaj lij tuaj yeem pab koj tsim lub tswv yim peev uas haum rau koj lub hom phiaj mus sij hawm ntev. Nrhiav ib tus kws pab tswv yim nyiaj txiag tsis tas yuav nyuaj. SmartAsset lub cuab yeej pub dawb phim koj nrog txog peb tus kws pab tswv yim nyiaj txiag uas ua haujlwm rau koj thaj chaw, thiab koj tuaj yeem xam phaj koj tus kws pab tswv yim sib tw yam tsis tau them nqi los txiav txim seb qhov twg yog qhov zoo rau koj. Yog tias koj npaj mus nrhiav tus kws pab tswv yim uas tuaj yeem pab koj ua tiav koj cov hom phiaj nyiaj txiag, pib tam sim no.
Nws yuav tsis yog ib lub tswv yim zoo los sim thiab sijhawm rau kev ua lag luam vim nws tuaj yeem ua rau mob hnyav yog tias koj tsis paub tias koj ua dab tsi thiab txawm tias cov kws tshaj lij tuaj yeem poob lawv lub tsho.
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The post Cigar Butt Kev nqis peev: Warren Buffett Strategy tshwm sim thawj zaug ntawm SmartAsset Blog.
Tau qhov twg los: https://finance.yahoo.com/news/warren-buffets-cigar-butt-investing-140008405.html