我添加了一个额外的标准,就是有合格股票的格雷厄姆和多德(Graham and Dodd)市盈率必须低于16.5x。略看一下图表3可知,在目前的全球市场中,深度价值机会极其稀少。
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For example, companies today sell products that Graham and Dodd could not have imagined.
譬如,如今的公司销售格雷厄姆和多德意想不到的产品。
This was a rewarding activity, say, 40 years ago, when our textbook Graham and Dodd was first published; but the situation has changed a great deal since then.
在40年前,由格雷厄姆和都德合著的教科书第一次出版之后,这样做是值得的。 但是情况自从那之后改变了很多。
While Graham and Dodd didn't apply value principles to baseball, the applicability of their insights to the market for athletic talent attests to the universality and timelessness of this approach.
就算格雷厄姆不会将价值原理应用于棒球,他们对体育人才市场见解的适应性也能证实这套方法的普遍适用性和永恒魅力。
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