반응형 분류 전체보기648 기대투자_시장 특성 vs. 산업 구조 Next, you can do specific industry analysis. Industry attractiveness combines the market characteristics with an assessment of industry structure. Market characteristics include growth in the market, supply and demand fundamentals for both customers and suppliers, rate of innovation, and regulatory shifts. Industry structure involves market share, entry and exit barriers, vertical-integration po.. 2026. 4. 13. 기대투자_주가는 이익이 아니라 ‘기대의 변화’에 반응한다 Stock prices relate tenuously to earnings growth. Instead, changes in expectations about future cash flows drive changes in shareholder value and stock price. So reported earnings growth,even when accompanied by increases in shareholder value, can trigger reduced investor expectations and a fall in the stock price.- Expectations Investing. Michael J. Mauboussin, Alfred Rappaport “이익이 증가하면 주가는 오른.. 2026. 4. 12. 기대투자_현재 기대를 읽고 기대 변화의 방향으로 움직이기 Seen in this light, stock prices are gifts of information waiting for you to unwrap and use. If you’ve got a fix on current expectations, you can evaluate where they are likely to go.Like the great hockey player Wayne Gretzky, you can learn to “skate to where the puck is going to be, not to where it has been.” That’s expectations investing.- Expectations Investing. Michael J. Mauboussin, Alfred .. 2026. 4. 12. 기저율(Base Rate)과 확률 분포로 투자 판단하기 That said, this analysis provides a naïve default assumption for the average return for the appropriate category. The average return tells only a part of the story because each category has a distribution of returns, which means that the excess returns in any particular instance may be different from the average.But base rates help quantify the likelihood of outcomes and provide guidance as to w.. 2026. 4. 12. 이전 1 2 3 4 ··· 162 다음 반응형