Cycle stock is the maximum inventory based on the maximum needs.
周转库存是基于最大需求的最大库存。
Or we note the ownership life cycle as a former growth stock such as Microsoft (MSFT, news) ages toward a value stock, losing one type of investor as it picks up another.
我们注意到,过去的成长型股票,例如微软,成长为一只价值股的生命周期中,会失去一类投资者,转而由另一类投资者持有。
The danger, however, is that too much emphasis on the stock cycle misses the underlying characteristics of this downturn.
然而,危险在于人们对库存周期的过于重视,而恰好忽视了此次经济下滑的根本的特征。
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