各類投資模式比較及圖示 - 投資

※ 引述《stasis (流雨風雪)》之銘言：
: Bear in mind--this is a critical fact often ignored--that investors as a
: whole cannot get anything out of their businesses except what the businesses
: earn. Sure, you and I can sell each other stocks at higher and higher prices.
: Let's say the FORTUNE 500 was just one business and that the people in this
: room each owned a piece of it. In that case, we could sit here and sell each
: other pieces at ever-ascending prices. You personally might outsmart the next
: fellow by buying low and selling high. But no money would leave the game when
: that happened: You'd simply take out what he put in. Meanwhile, the
: experience of the group wouldn't have been affected a whit, because its fate
: would still be tied to profits. The absolute most that the owners of a
: business, in aggregate, can get out of it in the end--between now and
: Judgment Day--is what that business earns over time.
: -Warren Buffett

翻譯

股市投資人總的來說不可能從股市多賺一毛錢，除非這真得是企業真正賺得的，
當然聰明如你可能會說我可以買低賣高賺取差價，
但假設財富五百大企業合併成一家公司，而所有投資人都擁有一小部份股權，
則前述的作法只會將股價越炒越高，但卻沒有一點實質的經濟效益，
真正要靠的還是企業的實質獲利，讓可以分的餅變得大一點

來源：http://annddy.pixnet.net/blog/post/23148730

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