Oct 11, 2018 9:30 AM

我举Buffett 买苹果的例子。

2016年中， 所有的对冲基金都一致看空苹果。 当时苹果股价从高点下跌了40%。 见下面图表。

但Buffett 买入， 而且翻着倍买。 到上个季度，苹果已经是Buffett 第一重仓股。

说实话，当年我也没看懂老巴。

几个月前本坛MKX 在1.9买入 starhub, 也是大家都不看好，包括我。 不过最近starhub回到1.96。

股票这东西， 七赔，两平，一赚。普通人都看不懂，那就对了。

Stocks such as　Riverstone Holdings Limited　(SGX: AP4)　and　Raffles Medical Group Ltd　(SGX: BSL)　have been huge long-term winners in Singapore’s market since the start of 2007. Their share prices have climbed by 565% and 424%, respectively.

The pair’s long-term returns are no mean feat. For perspective, the　Straits Times Index　(SGX: ^STI)　had　declined　by 8% over the same timeframe. But, both Riverstone and Raffles Medical were actually vicious nightmares for investors over short time horizons in that period.

Here’s a chart showing the maximum peak-to-trough loss (known as drawdown) that the duo had experienced in each calendar year from 2007 to 2015:

Source: S&P Global Market Intelligence

To pick out some jarring episodes, Raffles Medical’s shares collapsed by 64% from peak-to-trough in 2008. Meanwhile, Riverstone’s drawdown in 2011 was a stunning 30%. And all these had occurred under the backdrop of their shares more than quintupling since the start of 2007.

When it comes to stocks, painful short-term declines are par for the course and　shouldn’t　be taken as a sign that anything is broken.

https://www.fool.sg/2016/05/24/the-best-advice-for-a-new-investor/