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.”
小[心]哲早上好[鲜花][鲜花][鲜花]!
At the place we don‘t know . there is always
some sadness we ha haven’t seen .在我们不曾了解的地方,总有些未曾看到的心酸。
昨天看到有个海[心]哲姐姐把你的名字带到了NBA现场,很自豪地向全世界宣告你是我们心目中的英雄,让你的名字出现在你最喜欢的篮球赛场上。你的名字曾出现在各个角落,有风的地方就有人爱你。可你的名字偏偏在自己的国家却是WJC,不能堂堂正正大大方方使用和出现,你的小名及相关正向的输出都会被禁止被限流被删除,这是一件多么荒唐可笑之事,其中道不尽的不公和心酸,什么时候才能得到真正的公正对待,哪天才能还你公民的姓名权、肖像权、就业权,把夺走你的一切尽快归还给你,我们这么多人坚守在此的目的,也是在坚守着公平和正义的早日到来,让法律能护佑每个公民的合法权益,争取社会的最大公平,国家可以繁荣昌盛,人民可以安居乐业,这就是每个中国人民最朴素的爱国情怀,爱国爱党爱同胞!
At the place we don‘t know . there is always
some sadness we ha haven’t seen .在我们不曾了解的地方,总有些未曾看到的心酸。
昨天看到有个海[心]哲姐姐把你的名字带到了NBA现场,很自豪地向全世界宣告你是我们心目中的英雄,让你的名字出现在你最喜欢的篮球赛场上。你的名字曾出现在各个角落,有风的地方就有人爱你。可你的名字偏偏在自己的国家却是WJC,不能堂堂正正大大方方使用和出现,你的小名及相关正向的输出都会被禁止被限流被删除,这是一件多么荒唐可笑之事,其中道不尽的不公和心酸,什么时候才能得到真正的公正对待,哪天才能还你公民的姓名权、肖像权、就业权,把夺走你的一切尽快归还给你,我们这么多人坚守在此的目的,也是在坚守着公平和正义的早日到来,让法律能护佑每个公民的合法权益,争取社会的最大公平,国家可以繁荣昌盛,人民可以安居乐业,这就是每个中国人民最朴素的爱国情怀,爱国爱党爱同胞!
故事就在这里划上句点也不错。和对方演的电视剧四年后在釜山电影节获奖了,虽然当时两个人在他泰还没有别的cp火,虽然公司都倒闭了,16年参加各种活动,来了中国,去了印度尼西亚开见面会,之后各忙各的新剧。但在某一天还能和你一起站上颁奖台且获奖感言是From that day we have learned that love has no boundary, no gender, BECAUSE LOVE IS LOVE.[彩虹屁]
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