Nzira dzekuisa pamwechete pamwe chete neConservative Portfolio ye Common Stocks
Chero rimwe nerimwe, ndakaverenga Benjamin Graham's Intelligent Investor . Nheyo dzaro dzisingagumi, pasina mubvunzo uye dzakarurama, uye dzine pfungwa dzakanaka dzekuisa mari iyo yakaedzwa nemakumi emakore.
Kunyange Warren Buffett anofunga kuti Graham's Intelligent Investor "bhuku guru kupfuura mamwe ose mukutsvaga mari yakambonyorwa." Sezvandaive ndichifunga nezvehupenyu hwekunyora nyaya ino, ndakasarudza kuisa pfungwa pazviitiko zvinomwe zvisingakanganwiki zvinotsanangurwa naGraham muChitsauko 14, Stock Selection kune Mudziviriri Wekudzivirira .
Zvose izvi zvinoshumira sefriji kuti iswe mbesa dzinofungidzirwa kubva pamushumoti. Cherechedza kuti izvi zvinongororwa chete zvinoshanda kune vanosimudzira mari vanga vachida kuisa pamwe mapepatikiti emakambani akasimba kwenguva refu
Mumwe mutengesi anokwanisa kugadzirisa zvinyorwa zvemari, kududzira mazano ekugadzirisa zvemari, uye kukoshesa pfuma inobva pakuderedzwa kwemari inokonzerwa nemari inogona kutora zvimwe kune zvese zvinotevera chero bedzi aine chivimbo chekuongorora kwake zvose zvakachengetedza uye inovimbisa kuchengetedzwa kwevakuru.
Kukura kwakakwana kweBhizinesi
Munyika yekutsvaga mari, kune humwe hutano hunokonzerwa nehukuru hwebhizimisi. Kambani kadiki kazhinji inowanikwa kune kuwedzera kuchinja kwezviwanikwa apo kambani huru inowanzosimbiswa nekuenzanisa. Graham akakurudzira [muna 1970] kuti kambani yezvokutengeserana inofanira kuva ne $ 100 mamiriyoni zvekutengesa kwegore negore, uye kambani inoshandiswa nehurumende inofanira kuva isina madhora anodarika $ 50 mamiriyoni muzvinhu zvose.
Yakagadziriswa nokuda kwekuwedzera kwezvinhu, nhamba dzaizoshanda kusvika madhora 465 mamiriyoni uye $ 232 mamiriyoni maererano.
A Yakasimba Zvakasimba Mamiriro Ezemari
Maererano naGraham, chikwata chinofanira kunge chiine chiyero chezvino chechipiri. Chikwereti kwenguva refu hachifaniri kudarika basa guru . Pamusoro pebasa revanhu, chikwereti hachifaniri kudarika kaviri kutengesa kwezvikwata pamutengo webhuku .
Izvi zvinofanira kuita sechisimba chakasimba pamusoro pekugona kukanganisa kana kutadza.
Mibayiro Yakagadzikana
Ikambani haifaniri kunge ichitaura kurasikirwa pamusoro pemakore gumi akapfuura. Makambani anokwanisa kuchengetedza zvishoma zvimwe mukana wekuwana mari, pane yose, yakanyanyisa.
Dividend Record
Kambani iyi inofanira kuva nenhoroondo yekubhadhara zvikwereti pane zvayo zvakasungirirwa kwemakore makumi maviri akapfuura. Izvi zvinofanira kupa chivimbo chekuti migove yeramangwana inogona kubhadharwa. Kuti uwane mamwe mashoko pamusoro pesarudzo yegoveri, verenga Kuziva Kubhadharwa Kwekugoverana: Ndeipi Makambani Anofanira Kubhadhara? .
Kukura Kwezvibereko
Kuti rubatsire kuvona mari yekambani inoramba ichienderera mberi nekutengesa kwezvinhu, mari yakawanda inofanira kunge yakakonzerwa nechetatu kana kupfuura kune imwe yega-yega pamakore gumi apfuura achishandisa makore matatu emakore pakutanga nekuguma.
Mutengo Wakaenzana weZviwanikwa Muzvikwereti
Nokuda kwekuiswa mune imwe nzvimbo yepamusoro, purogiramu yezvinoti yekutengeswa haifaniri kudarika nguva gumi nemashanu inowanikwa muhomwe yemakore matatu akapfuura. Izvi zvinoshanda sekuchengetedza kusabhadharwa kwekuchengeteka. Dzidza zvakawanda pamusoro pehuwandu hwep / e uye kuti hunogona kushandiswa sei kukoshesa soro .
Kuenzanisa kuenzaniswa kweMutengo kuNhasi
Achidzokorora Graham, "Mutengo wezvino haufaniri kunge unopfuura 1 1/2 nguva iyo bhuku rinokosha rakapedzisira rakataurwa.
Zvisinei, kuwedzera kwezviwanikwa pasi pemakumi maviri nemashanu kunogona kururamisa kuwirirana kwepamusoro kwezvinhu. Sokutonga kwechigunwe, tinoratidza kuti chibereko chezviitiko zvekuwedzera zvakakosha kuyerwa kwekutengesa kukosha kwebhuku hazvifaniri kudarika 22.5 (ichi chiyero chinokwana makumi maviri nemadhora zvakabhadharwa uye 1 1/2 katengo yebhuku.Ichabvumirana nyaya inotengesa pa kunowanikwa katatu chete uye 2,5 nguva pfuma inokosha, nezvimwe) "
Zvimwe Zvinyorwa pamusoro peAngwara Akangokunda
Benjamin Graham's Intelligent Investor anofanira kunge ari kuverengerwa kune mumwe muzvinabhizimisi. Muchikamu chayo mazhinji ezvokwadi uye ruzivo ruchakupa nheyo yakanakisisa yezivo yekutsvaga kwekutsvaga uye huchenjeri, uye kukusimbisa iwe neunyanzvi hunodiwa kuti usununguke zvinetso zvekutsvaga kwekutsvaga kwekutsvaga uye kuongorora. Kune avo vasati vamboverenga bhuku raBenjamin Graham, unogona kuwana mamwe mashoko uye nekuongorora kwebhuku reThe Intelligent Investor muchikamu chekutora kumusoro.