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.”
#沈梦瑶[超话]# ✨#向全世界安利沈梦瑶#
《2022年10月6日物料汇总&晚安话题》
[生日公演汇总]
《那好吧》FO
①https://t.cn/A6oLobHh
②https://t.cn/A6oLlBvj
③https://t.cn/A6oLfqib
《如果你能拥抱我》FO
①https://t.cn/A6oUPlwY
②https://t.cn/A6oLfqi4
《Universe》FO https://t.cn/A6oLlBvY
《Who is your girl》FO
①https://t.cn/A6oLfqiG
②https://t.cn/A6oUBk2U
《绝不言败》FO
①https://t.cn/A6oL1odi
②https://t.cn/A6oLfqiy
③https://t.cn/A6oLfqiU
④https://t.cn/A6o4qXtv
《Mario My Love》FO
①https://t.cn/A6oL9hER
②https://t.cn/A6oUBk24
③https://t.cn/A6oLtLwY
返图
①https://t.cn/A6o2dReV
②https://t.cn/A6o2dReI
③https://t.cn/A6o2dRef
④https://t.cn/A6o2dRex
⑤https://t.cn/A6o21UUg
⑥https://t.cn/A6o4qXt2
⑦https://t.cn/A6oLx9PB
⑧https://t.cn/A6oLOwYl
⑨https://t.cn/A6o4qXtL
⑩https://t.cn/A6o4qXtU
⑪https://t.cn/A6o4qXty
———————————————
〈晚安话题〉
睡觉前必做的一件事
投稿者:耶Samoyed耶
———————————————
沈梦瑶安利大礼包https://t.cn/A6V8yu34
秋季周边https://t.cn/A6ozg2p6
招新https://t.cn/A6SSODur
时光机之1006https://t.cn/A6M6x9VL
《2022年10月6日物料汇总&晚安话题》
[生日公演汇总]
《那好吧》FO
①https://t.cn/A6oLobHh
②https://t.cn/A6oLlBvj
③https://t.cn/A6oLfqib
《如果你能拥抱我》FO
①https://t.cn/A6oUPlwY
②https://t.cn/A6oLfqi4
《Universe》FO https://t.cn/A6oLlBvY
《Who is your girl》FO
①https://t.cn/A6oLfqiG
②https://t.cn/A6oUBk2U
《绝不言败》FO
①https://t.cn/A6oL1odi
②https://t.cn/A6oLfqiy
③https://t.cn/A6oLfqiU
④https://t.cn/A6o4qXtv
《Mario My Love》FO
①https://t.cn/A6oL9hER
②https://t.cn/A6oUBk24
③https://t.cn/A6oLtLwY
返图
①https://t.cn/A6o2dReV
②https://t.cn/A6o2dReI
③https://t.cn/A6o2dRef
④https://t.cn/A6o2dRex
⑤https://t.cn/A6o21UUg
⑥https://t.cn/A6o4qXt2
⑦https://t.cn/A6oLx9PB
⑧https://t.cn/A6oLOwYl
⑨https://t.cn/A6o4qXtL
⑩https://t.cn/A6o4qXtU
⑪https://t.cn/A6o4qXty
———————————————
〈晚安话题〉
睡觉前必做的一件事
投稿者:耶Samoyed耶
———————————————
沈梦瑶安利大礼包https://t.cn/A6V8yu34
秋季周边https://t.cn/A6ozg2p6
招新https://t.cn/A6SSODur
时光机之1006https://t.cn/A6M6x9VL
①先说正事is抽个网友送个p1的黑猫帽子,也可以换成等价甜品(我来挑),转并随便说点什么就行,不用fo
②是因为前略后略总之我犹豫了几年终于下定决心把头剃了!理发师傅说他从业十几年只给六个姑娘剃过光头。虽然能找出的理由很多比如掉发太严重想养养头发比如刚好赶上gap year没什么社交需求可以尝试一下新事物给个新开端,但一开始的核心诉求其实只是(……)我想看看我头皮剃秃了是什么样子的。现在看到了感觉很满足,头皮的触感好神奇!没头发压着了好轻松!走在人群中感觉我好特别而且以前嫌热用不上的帽子终于能用上了!
②是因为前略后略总之我犹豫了几年终于下定决心把头剃了!理发师傅说他从业十几年只给六个姑娘剃过光头。虽然能找出的理由很多比如掉发太严重想养养头发比如刚好赶上gap year没什么社交需求可以尝试一下新事物给个新开端,但一开始的核心诉求其实只是(……)我想看看我头皮剃秃了是什么样子的。现在看到了感觉很满足,头皮的触感好神奇!没头发压着了好轻松!走在人群中感觉我好特别而且以前嫌热用不上的帽子终于能用上了!
✋热门推荐