对冲基金大佬Einhorn:价值投资可能再也回不来了
1. 目前这个行情,大多数价值投资者已经破产了(out of business),所以市场结构发生了极其严重的改变。(意思是市场上炒客、投机盛行。)
2. 就算没破产,”我们(Enhorn认为自己是价投)也剩得不多了“,很多人要么转去做了量化,要么就粗暴直接做被动指数投资。以价投的方法训练出来的基金经理在市场上不多了。
3.因为市场上的价投少了,所以真正关心公司基本面的投资者就少了,以至于非常多的公司被错误定价。交易者甚至完全不知道自己的交易标的,到底大概值多少
以下是英文报道原文:
Hedge fund manager David Einhorn said he doesn’t know if value investing will ever be in vogue again.
“I don’t know that it ever comes back,” the Green Capital founder said Tuesday in an interview with Bloomberg Television on the sidelines of the Robin Hood Investors Conference in New York. Einhorn, 53, said most value investors are being put out of business, citing “serious changes to the market structure.”
“There’s just very few of us left,” he said, adding that most market participants these days are not trained or experienced in value investing, or have shifted to passive or quantitative investing.
Fewer players means there’s no one to notice what’s happening to these companies and “nobody knows what anything is worth,” Einhorn said. “So there’s an enormous number of companies that are dramatically mis-valued in ways that we haven’t seen before.”
1. 目前这个行情,大多数价值投资者已经破产了(out of business),所以市场结构发生了极其严重的改变。(意思是市场上炒客、投机盛行。)
2. 就算没破产,”我们(Enhorn认为自己是价投)也剩得不多了“,很多人要么转去做了量化,要么就粗暴直接做被动指数投资。以价投的方法训练出来的基金经理在市场上不多了。
3.因为市场上的价投少了,所以真正关心公司基本面的投资者就少了,以至于非常多的公司被错误定价。交易者甚至完全不知道自己的交易标的,到底大概值多少
以下是英文报道原文:
Hedge fund manager David Einhorn said he doesn’t know if value investing will ever be in vogue again.
“I don’t know that it ever comes back,” the Green Capital founder said Tuesday in an interview with Bloomberg Television on the sidelines of the Robin Hood Investors Conference in New York. Einhorn, 53, said most value investors are being put out of business, citing “serious changes to the market structure.”
“There’s just very few of us left,” he said, adding that most market participants these days are not trained or experienced in value investing, or have shifted to passive or quantitative investing.
Fewer players means there’s no one to notice what’s happening to these companies and “nobody knows what anything is worth,” Einhorn said. “So there’s an enormous number of companies that are dramatically mis-valued in ways that we haven’t seen before.”
#柳会胜[超话]# #人间麻薯柳会胜# #nflying[超话]#
【蓝白色飞行器】 221012 更新会胜相关
[一天的结尾] 2022.08.29 一天的结尾 (HA.MA)
#71#
▶ youtu.be/DEEPO9X3Ars
#NFlying #엔플라잉 #柳会胜 #一天的结尾
搬运:净棉
禁止商业用途涂改logo 转载请注明出处
持续招新https://t.cn/A6I3TdgY
泡泡翻译https://t.cn/A661zKQX
【蓝白色飞行器】 221012 更新会胜相关
[一天的结尾] 2022.08.29 一天的结尾 (HA.MA)
#71#
▶ youtu.be/DEEPO9X3Ars
#NFlying #엔플라잉 #柳会胜 #一天的结尾
搬运:净棉
禁止商业用途涂改logo 转载请注明出处
持续招新https://t.cn/A6I3TdgY
泡泡翻译https://t.cn/A661zKQX
早上闹钟响了
台湾腔be like“我的脑 ha我的心 全都被这个温度冻住了”
“快起床 迟到扣工资”
“我没有办法起床 这个温度 已经是我不能承受的温度了”
“不行 赶不上班车要自己打车 我是来挣钱不是来花钱的”
“我认真工作不就是为了过上想过的生活吗 因为不想早起当初都不愿意复读 现在不去上班怎么了?”
“明天必穿秋裤”
“现在不起床 更冷的天气怎么办?”
“不起床 家里怎么会有暖气费!”
“以后我一定要买小房子 疯狂开全屋暖气不心疼那种!”
2022.10.11 小黑桃冬眠版全新上线 具体表现为拒绝一切社交 龟缩在羽绒服 只喝100摄氏度开水
栓Q!
台湾腔be like“我的脑 ha我的心 全都被这个温度冻住了”
“快起床 迟到扣工资”
“我没有办法起床 这个温度 已经是我不能承受的温度了”
“不行 赶不上班车要自己打车 我是来挣钱不是来花钱的”
“我认真工作不就是为了过上想过的生活吗 因为不想早起当初都不愿意复读 现在不去上班怎么了?”
“明天必穿秋裤”
“现在不起床 更冷的天气怎么办?”
“不起床 家里怎么会有暖气费!”
“以后我一定要买小房子 疯狂开全屋暖气不心疼那种!”
2022.10.11 小黑桃冬眠版全新上线 具体表现为拒绝一切社交 龟缩在羽绒服 只喝100摄氏度开水
栓Q!
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