These are exactly the types of returns Buffett is looking for. No matter how you cut it, Apple is both a growth and value stock.

这些都是巴菲特寻找的类型，无论你怎么降低它，苹果都是成长型价值股票。

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The dividend discount model is the essential method used to estimate the stock intrinsic value. No-arbitrage equilibrium theory is the foundation of present financial theory.

股息贴现模型是估计股票内在价值的基本方法，无套利均衡是现代金融理论的基础。

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For no-par stock with a stated value, an appropriate title-for example, paid-in capital in excess of stated value - describes the difference.

对无面值但有设定价值的股票来说，则要用诸如“超过设定价值的缴入资本”等相应的名称来表述。

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Decisions regarding the stock appear to be made first based on the price action and then justification of the recommendation is made using the fundamental data that has shown to be of no value in predicting the moves of Apple stock in the very short-term.

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For those retirees, it will require a more actively managed and value-added approach to their portfolios, including investments in the stock market, even then with no guarantees of success.

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