restaurant reviews_ owned by Jiang Guotai Fund: From the difference between Chinese medicine and herbal medicine to see concentrated ownership

return to traditional Chinese medicine and herbal medicine, in fact, selection of the value of investors is the "medicine", first of all, in all the subject of alternative investments in a few selected good company and keep track of it status of the operation and management. Good company is characterized by a long-term performance than its peers, management stability, and expected future performance is also very likely to exceed its peers. Your investment will be relatively concentrated in producing the highest probability of above-average performance of several companies, because the more shares bought, the more likely you are buying something you do not understand the right of the business. Usually, your understanding of business the more business you have a deeper concern, the lower your risk, income, the better. Owned by Jiang: start by telling you a story.
Cathay Pacific fund owned by Jiang: from traditional Chinese medicine and herbal medicine to see the difference between concentration of ownership by the time Yang Bo 2009-10-26 09:44 source of Securities Times Editor's Note: Chief Investment Officer of Cathay Pacific fund owned by a former river-specific asset management corporation had engaged in General Manager, there have been six years of social security portfolio management experience, the value of investments, long-term investment has a profound understanding and a wealth of practical experience. This column specially invited guests were owned by river, from various angles, to the value of investments in-depth analytic analysis.
The difference between this? Generally speaking, medicinal herbs or wild plants in general and the role of its medicinal value has not widely recognized, has not yet formally classified as documented in orthodox medicine has not been cooked up by restaurants review process and other processes, its efficacy and risks are difficult to identify. The Chinese medicine is a veteran of several hundred years of clinical practice through the post into the pharmacopoeia of herbs, it's sexual taste, drug interactions efficacy, side effects, there are clearly defined. There are tens of thousands of herbal species, but was identified as having a clear effect Pharmacopoeia, only a few hundred kinds. The effect of herbal medicine may be good, does have effects on individual cases, but also accompanied by potential side effects, risks are not low.
One patient asked the doctor, my family relatives to eat a certain brand of medicine, it is recommended that results are particularly good, would like to ask whether I have a prescription to eat. Doctors said that I do not know, could not provide reference. Patients refuse to give up and continue to ask this medicine in the end okay. Doctors finally fed up to him, Tan Shou said, you said that in fact components of herbal medicine, traditional Chinese medicine to cure diseases of which we are

Chinese medicine, which is very different between herbal medicines and traditional Chinese medicine.
Reporter: It should be how to choose the kind of traditional Chinese medicine, which is a good listed companies? What are the characteristics they have?
Chinese medicine and adhere to strict focus on the value of investments held ideas similar to Buffett. Traditional investment theory advocated investments to diversify the use of assets restaurants review the correlation between the low-to spread investment risk. However, if the investment was too broad, investment targets beyond our knowledge and research, just like with the herbs, those we know of few companies of its potential can not grasp the investment risk. Buffett's holdings focus on ideas simple and clear: by choosing a few can produce above-average long-term benefits of the stock, will most of your capital is concentrated in those stocks, regardless of the short-term stock market fell up, insist on holding, the pursuit of long-term stability returns.
Owned by Jiang: Our ancestors Although there are no strict Western detection mechanism, but

can use the test of history to filter varieties, control of drug risks. Stock investments too. The current A-share market share of nearly 1600, after the test of history, there are long-term growth companies have been very few returns. Relevant statistics show that 5 consecutive years to achieve net profit growth of listed companies is only 70 or so. This is the herbal medicine and Chinese medicine restaurants review the difference. The value investor's eyes, and truly worthy of long-term investments like stocks, like Chinese medicine, be concise, Ningquewulan.
Owned by Jiang: On the theory of concentrated holdings, Buffett is not the isolated one. Before him, Keynes, Fisher and other master characters are vigorously promoting the investment idea. Fisher in 1958, "ordinary" one book, wrote that: "Many investors, of course, there are those who provide them with advice, never realized that buy their own stocks of companies that do not know than there is no multi - of a much more dangerous. "This far-reaching impact on Buffett's investment companies think that they have more understanding of the company,

focus on the deeper, the lower the risk of , the corresponding gains, the better.
Q: Why focus on investment in traditional Chinese medicine and herbs from the start with? The greatest difference between these two kinds of medicine, where?
Reporter: But the traditional Chinese medicine herbs much less than this mean, restaurant reviews focus on investment in the stock for very little? Whether the majority of the assets should be concentrated in a small number of carefully screened, like traditional Chinese medicine in general stocks?