【Value investment self-analysis basis】First of all, our repetitive qualitative analysis looks at the three ends:
First, the industry end: human beings can not be separated, the industry is indestructible, human beings rely on survival
Second, the enterprise side: the status is difficult to shake, with a high barrier to brand loyalty;
Third, the product side: the product is irreplaceable for a hundred years, and the audience is very wide
To sum up simply, we must choose such a company: the first and only, widely used, inseparable.
Then, when we summarize the problems in our own investment, we must look for the root cause of the problem, such as whether it is only not long enough in time, the nature of the problem cannot penetrate the phenomenon, see the essence, and the general trend of future social and economic development, look at the pattern is not enough, do not see the inevitable development results of the future.
Finally, we must turn complexity into simplicity, and we must look at the problem from the perspective of common sense and high probability.