【天生我才必有用, 有所成就是人生唯一的真正樂趣。--美國發明家 愛迪生. T.
】
「投資界交易經典」電子書-中英文CW版 連載↓↓↓
編譯：CopyWinner富智贏家-Smith Pan
THE
BEST TRADING ADVICE
FROM 25 TOP TRADERS
25位頂級交易大師的”交易忠告”：第14位 Peter Lynch彼得·林奇
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Quotations：大師語錄
Investing is fun, exciting, and dangerous
if you don’t do any work. 如果你業餘閒暇從事投資，它是有趣的，令人興奮的，也是危險的。
- PETER
LYNCH彼得·林奇
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Peter Lynch (born January 19, 1944) is an
American businessman and stock investor.
As the manager of the Magellan Fund at
Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual
return, consistently more than doubling the S&P 500 market index and making
it the best performing mutual fund in the world.
During his tenure, assets under management
increased from $18 million to $14 billion. 彼得·林奇（生於1944年1月19日）是美國商人和投資者的股票。
截至1977年和1990年之間富達投資公司麥哲倫基金的經理，林奇平均29.2％的年回報率，始終高於加倍標準普爾500市場指數，並使其成為世界上表現最好的共同基金等等。在他任職期間，所管理的資產從$ 18百萬增長到$14個十億。
Never invest in any idea you can’t illustrate
with a crayon . Gentlemen who prefer bonds don’t know what they are missing .
Never invest in any idea you can’t illustrate with a crayon .You can’t see the
future through a rearview mirror . 如果你不能用蠟筆圖示你不了解的產業或公司，那千萬不要投資它。投資債券的男仕並不知道自己漏失了什麼重要資訊。永遠不要投資於你不懂的投資項目。因為，你無法通過後視鏡看到了未來。
There’s no point paying Yo-Yo Ma to play a
radio . 這裡沒有集點數得以支付馬友友演奏曲目的點唱機。
When yields on long-term government bonds
exceed the dividend yield of the S&P 500 by 6 percent or more, sell your
stocks and buy bonds . The best stock to buy may be the one you already own
. Never bet on comeback while they’re
playing “Taps” . 當長期政府債券收益率6％以上超過標準普爾500指數的股息收益率，推銷自己的股票和購買債券。你可能就是那群已買入擁有最好股票的人。在投資大眾正在回頭玩起“打聽明牌”投資把戲的時候，你這時千萬不要投注參與投資。
If you like the store, chances are you’ll
love the stock . 如果你喜歡的店家，那麼恰巧你一定會喜歡的這店家發行的股票。
When insiders are buying, it’s a good sign
- unless they happen to be New England bankers . 當業內人士投資購買，這是一個投資好兆頭 - 除非他們恰好是新英格蘭專業投資分析的銀行專家。
In business, competition is never as
healthy as total domination . 在商業領域，良窳競爭從來沒有像全面統治一樣健康地運轉著。
All else being equal, invest in the company
with the fewest color photographs in the annual report . Truth needs no colour;
beauty , no pencil. —— William Shakespeare所有其他評估條件相同之下，投資於這家公司，它的年度報告沒有使用太多的彩色圖表去粉飾，因為真理不需色彩，美丽不需涂饰。——W·莎士比亚
Over the past three decades, the stock
market has come to be dominated by a herd of professional investors . Contrary
to popular belief, this makes it easier for the amateur investor . You can beat
the market by ignoring the herd . 在過去的三十年中，股市已經到了由一群專業投資者為主流。他們和市塲流行的看法相反，這使得金融市塲更容易吸引一些業餘的投資者加入。您大可忽略牛群般盲眾的市塲動向，而採取相應的投資策略戰勝市場贏利。
to be continued ...待續...
(下回连载25位頂級交易大師的”交易忠告”：第15位William O’Neil威廉.奧尼爾
)
REFERENCES : rbcpa.com, wikipedia.org, thesquander.com,
whartonny.com
EditEd by brandon Clay布蘭登·克萊
( Chinese
translation & Editor中文翻譯&編輯者：CopyWinner富智贏家-Smith Pan)
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