第一节,系统性风险
系统性风险类型
1,牛熊市
2,金融危机
系统性风险可以用入场时机来判断,用自己的分析和估值,严格遵守纪律,只在价格低于价值时买入,高于价值时卖出。
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第二节,政策风险与行业风险
1,政策风险
2,行业内的黑天鹅事件
属于行业风险
(1),禁烟行动
(2),鸡禽流感爆发
(3),医药行业政府颁布两票制
3,政策性变化
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第三节,公司风险之财务风险
1,影响财务风险的主要因素有
(1),资产负债比率
(2),资产与负债的期限
(3),债务结构等因素
2,衡量财务风险的指标
(1),资产负债率
(2),有息负债率
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第四节,公司风险之多元化风险
1,对于公司经营多元化需理性看待,因为多元化经营也可能带来多元化风险。
2,衡量财务风险的指标
(1),流动比率
(2),速动比率
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"判断对错并不重要,重要的在于正确时获取了多大利润,错误时亏损了多少。"-乔治·索罗斯
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