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  <id>http://fcko2007.pixnet.net/blog</id>
  <title><![CDATA[楓樹林:: 痞客邦 PIXNET ::]]></title>
  <author>
    <name>fcko2007</name>
    <email>fcko2007@not-valid.com</email>
  </author>
  <updated>2009-11-26T11:42:56+08:00</updated>
  <published>2009-11-26T11:42:56+08:00</published>
  <link rel="self" href="http://fcko2007.pixnet.net/blog" hreflang="zh"/>
  <subtitle><![CDATA[有想法才寫的日記－這裏只記錄我對投資理財的個人想法及操作<br>
在這裏你可以看到我的優點,幫助你思考你的投資；
也可以看到我的缺點,警惕你不要犯跟我一樣的錯誤。<br>]]></subtitle>
  <rights>Copyright 2003-2009 fcko2007,Pixnet Digital Media Coporation. All rights reserved.</rights>
  <generator>PIXNET Media Digital Coporation</generator>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/21767318</id>
    <title><![CDATA[楓樹林的提醒及聲明]]></title>
    <updated>2009-11-26T11:42:56+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/21767318"/>
    <summary><![CDATA[本人並非學院派(經濟學系,管理學系,會計學系...)出身，文章中牽涉任何投資的行為及看法建議純屬個人的觀察及見解，個人日記僅供參考。例如對經濟情勢的看法牽涉到總體經濟學，投資組合及資金配置牽涉到管理學及財務規劃，行情及盤勢看法牽涉技術分析,機率學及心理學。凡此種種皆非本人專長。特此聲明，以免誤導讀者。另外我想提醒路人甲乙丙只有我的同事和朋友能加入好友,不開放給格友們申請,這是楓樹林的一貫政策6年如一,從沒有改變,未來也不會改變
楓樹林更不可能像人氣前10名的億桶鑽石投資大師或億桶石油投資達人們向格友們收費買好友期限,楓樹林不屑做這種事也不需要靠這種方式賺取業外收益楓樹林只想專注在本業,成為一個專業投資人即使楓樹林現在只是1/3桶水投資學徒,也不屑賺這種黑心錢想找明牌的請去向投顧老師或人氣前10名的億桶鑽石或石油大師報到繳會費後即可加入他們的會員]]></summary>
    <content type="html"><![CDATA[<p><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt">本人並非<span style="COLOR: #0000ff"><strong>學院派<span style="COLOR: #000000">(</span>經濟學系,管理學系,會計學系...<span style="COLOR: #000000">)</span></strong></span>出身，文章中牽涉任何投資的行為及看法建議</span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt">純屬個人的觀察及見解，個人日記僅供參考<span style="COLOR: #000000">。</span></span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000">例如對經濟情勢的看法牽涉到總體經濟學，投資組合及資金配置牽涉到管理學及財務規劃，行情及盤勢看法牽涉技術分析,機率學及心理學。<br /></span></span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000"><span style="COLOR: #0000ff">凡此種種皆非本人專長。特此聲明，以免誤導讀者。<br /><br /><span style="color: #000000;">另外我想提醒路人甲乙丙<br /><span style="color: #ff0000;">只有我的同事和朋友能加入好友,不開放給格友們申請,這是楓樹林的一貫政策<br />6年如一,從沒有改變,未來也不會改變</span></span></span></span></span></span></span></p>
<p><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000"><strong><span style="color: #800080;">楓樹林更不可能像人氣前10名的億桶鑽石投資大師或億桶石油投資達人們<br />向格友們收費買好友期限,</span></strong></span></span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000"><span style="color: #000000;"><strong><span style="color: #800080;">楓樹林不屑做這種事<br /></span></strong></span></span></span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000"><span style="color: #000000;"><strong><span style="color: #800080;">也不需要靠這種方式賺取業外收益</span></strong><br />楓樹林只想專注在本業,成為一個專業投資人<br />即使楓樹林現在只是1/3桶水投資學徒,也不屑賺這種黑心錢<br /><br />想找明牌的請去向投顧老師或人氣前10名的億桶鑽石或石油大師報到<br />繳會費後即可加入他們的會員<br /></span></span></span></span></span><span style="BACKGROUND-COLOR: #ffffff"><span style="COLOR: #ff0000"><span style="FONT-SIZE: 12pt"><span style="COLOR: #000000"><br /></span></span></span></span></p>  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/21767318">(Read More...)</a></div>]]></content>
    <category term="生活札記"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/21767318#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/10228921</id>
    <title><![CDATA[華倫．巴菲特的選股原則(僅適用於長期投資)]]></title>
    <updated>2009-11-26T11:42:42+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/10228921"/>
    <summary><![CDATA[&nbsp;
華倫．巴菲特的選股原則
&nbsp;
一.&nbsp; 產業原則：這門生意如何？
巴菲特：我想要買的事業要好到即使是個蠢蛋經營也能賺錢
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 這家公司業務是否單純易於理解？
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 這家公司是否有持續的營運紀錄？(過去歷史及現在的追蹤)
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 這家公司是否有長期發展的潛力？(必須每天閱讀產業新聞及法說會股東會的報告,自己解讀)
&nbsp;
二.&nbsp; 經營原則：這些人(經營團隊)怎麼樣？
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 巴菲特：當你有既能幹而人品又好的經理人經營事業，而這又是他們熱衷
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; 的事情。幸運的話你可能有十來個或更多這樣的經理人向你呈報
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ，但你還是有多餘的時間睡個午覺
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 經營者的經營理念是否合理？(產業新聞很重要,例明基購併西門子手機部門)
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 經營者對股東是否坦白？是否誠信？
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 經營者是否能獨排眾議？
&nbsp;
三.&nbsp; 財務原則：公司價值可以算出來
凱因斯：我寧願大約對了，也不要精準的錯了
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 重視ROE(營運收益／股東投入的成本)而非EPS
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 計算業主盈餘（Owner&rsquo;s Earnings）
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 找尋毛利率高的公司
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 確定每一元保留盈餘，公司最少能創造一元的市值
&nbsp;
四.&nbsp; 市場原則：價值，價值，價值
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;巴菲特：不要在晚上睡前想著某家公司的股價。我們該想的是價值與公司
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 經營成果；股市是為了服務你而設，不是來指導你。
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 這家公司的業務價值在那裏？
巴菲特：要適當的設算出一家企業的價值，理想上是你把目前到世界末日
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 之間所有可能出現的現金流量，再以適當的折扣率從總額扣除。
&nbsp;　　　　計算企業價值不過如此。等式的一邊是你對可能的現金流量多有
&nbsp;　　　　信心。有些事業比其他事業好預測。我們想找的事業是可預測的
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 。
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 這家公司是否可以用低於淨值的價錢被收購？
&nbsp;
依循這個原則篩選出來的企業，過去必定有長久優良的營運紀錄（財務報表）、卓越的經營管理團隊、以及穩定的未來獲利(自由現金流量)。]]></summary>
    <content type="html"><![CDATA[<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align="center"><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'"><span style="FONT-SIZE: medium"><span style="FONT-SIZE: large">華倫．巴菲特的選股原則</span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span lang="EN-US"><span style="FONT-SIZE: small; FONT-FAMILY: Times New Roman"><span style="FONT-SIZE: medium"><span style="FONT-SIZE: large">&nbsp;</span></span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt; mso-list: l0 level1 lfo1; tab-stops: list 18.0pt"><span style="COLOR: #ff0000; mso-bidi-font-family: 新細明體"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman"><span style="FONT-SIZE: small">一<span style="FONT-SIZE: medium">.</span></span><span style="FONT-SIZE: medium; FONT-FAMILY: 'Times New Roman'">&nbsp; </span></span></span></span><span style="FONT-SIZE: medium; COLOR: #ff0000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">產業原則：這門生意如何？</span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt"><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'"><span style="FONT-SIZE: medium">巴菲特：我想要買的事業要好到<span style="COLOR: #0000ff">即使是個蠢蛋經營</span>也能賺錢</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">這家公司業務<span style="COLOR: #0000ff">是否單純易於理解</span>？</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">這家公司是否有<span style="COLOR: #0000ff">持續的</span>營運<span style="COLOR: #0000ff">紀錄</span>？(過去歷史及現在的追蹤)</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman"><span style="FONT-SIZE: medium">3.<span style="FONT-FAMILY: 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'"><span style="FONT-SIZE: medium">這家公司是否有<span style="COLOR: #0000ff">長期發展的潛力</span>？(必須每天閱讀產業新聞及法說會<br />股東會的報告,自己解讀)</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span lang="EN-US"><span style="FONT-SIZE: medium; FONT-FAMILY: Times New Roman">&nbsp;</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt; mso-list: l0 level1 lfo1; tab-stops: list 18.0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000; mso-bidi-font-family: 新細明體"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">二<span style="COLOR: #ff0000">.&nbsp; </span></span></span></span><span style="COLOR: #ff0000">經營原則：這些人<span style="FONT-FAMILY: Times New Roman">(</span>經營團隊<span style="FONT-FAMILY: Times New Roman">)</span>怎麼樣？</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><span lang="EN-US"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">巴菲特：當你有既能幹而人品又好的經理人經營事業，而這又是他們熱衷</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; </span></span></span><span style="COLOR: #0000ff; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">的事情</span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">。幸運的話你可能有十來個或更多這樣的經理人向你呈報</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><span lang="EN-US"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">，但你還是有多餘的時間睡個午覺</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">經營者的經營理念<span style="COLOR: #0000ff">是否合理</span>？(產業新聞很重要,例明基購併西門子手機部門)</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">經營者<span style="COLOR: #0000ff">對股東</span>是否坦白？是否誠信？</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">經營者是否<span style="COLOR: #0000ff">能獨排眾議</span>？</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span lang="EN-US"><span style="FONT-SIZE: medium; FONT-FAMILY: Times New Roman">&nbsp;</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt; mso-list: l0 level1 lfo1; tab-stops: list 18.0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000"><span style="mso-bidi-font-family: 新細明體"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">三.&nbsp; </span></span></span>財務原則：公司價值可以算出來</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt"><strong style="mso-bidi-font-weight: normal"><span style="FONT-SIZE: medium; COLOR: #800080; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">凱因斯：我寧願大約對了，也不要精準的錯了</span></strong></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #0000ff; mso-fareast-font-family: 'Times New Roman'"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">1<span style="COLOR: #0000ff">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></span><span style="COLOR: #0000ff">重視<span style="FONT-FAMILY: Times New Roman">ROE(</span>營運收益／股東投入的成本<span style="FONT-FAMILY: Times New Roman">)</span>而非<span style="FONT-FAMILY: Times New Roman">EPS</span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman"><span style="COLOR: #0000ff"><span style="COLOR: #000000">2</span></span><span style="COLOR: #000000"><span style="COLOR: #000000">.</span>&nbsp;</span>&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span>計算業主盈餘（<span lang="EN-US"><span style="FONT-FAMILY: Times New Roman">Owner&rsquo;s Earnings</span></span>）</span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">找尋<span style="COLOR: #0000ff">毛利率高</span>的公司</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #0000ff; mso-fareast-font-family: 'Times New Roman'"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">4<span style="COLOR: #0000ff">.<span style="COLOR: #0000ff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></span></span><span style="COLOR: #0000ff"><span style="COLOR: #0000ff">確定每一元保留盈餘，公司最少能創造一元的市值</span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span lang="EN-US"><span style="FONT-SIZE: medium; FONT-FAMILY: Times New Roman"><span style="COLOR: #0000ff"><span style="COLOR: #0000ff">&nbsp;</span></span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt; mso-list: l0 level1 lfo1; tab-stops: list 18.0pt"><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000; mso-bidi-font-family: 新細明體"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">四<span style="COLOR: #ff0000">.&nbsp; </span></span></span></span><span style="COLOR: #ff0000">市場原則：價值，價值，價值</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><span lang="EN-US"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">巴菲特：不要在晚上睡前想著某家公司的股價。我們該想的是價值與公司</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><span lang="EN-US"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 經</span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">營成果；股市是為了服務你而設，不是來指導你。</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><span style="mso-fareast-font-family: 'Times New Roman'" lang="EN-US"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">這家公司的業務價值在那裏？</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'"><span style="FONT-SIZE: medium">巴菲特：要適當的設算出一家企業的價值，理想上是你把目前到世界末日</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span style="FONT-SIZE: medium"><span lang="EN-US"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">之間所有可能出現的現金流量，再以適當的折扣率從總額扣除。</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'"><span style="FONT-SIZE: medium">&nbsp;　　　　計算企業價值不過如此。等式的一邊是你對可能的現金流量多有</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span style="FONT-SIZE: medium"><span style="FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">&nbsp;　　　　信心。有些事業比其他事業好預測。我們想找的事業是可預測的</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 24pt"><span style="FONT-SIZE: medium"><span style="COLOR: #0000ff"><span style="mso-spacerun: yes"><span style="FONT-FAMILY: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="COLOR: #0000ff; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">。</span></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 42pt; TEXT-INDENT: -18pt; mso-list: l0 level2 lfo1; tab-stops: list 42.0pt"><span style="FONT-SIZE: medium"><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #0000ff; mso-fareast-font-family: 'Times New Roman'"><span style="mso-list: Ignore"><span style="FONT-FAMILY: Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></strong><strong style="mso-bidi-font-weight: normal">這家公司是否可以用低於淨值的價錢被收購？</strong></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #0000ff"><span style="FONT-SIZE: medium; FONT-FAMILY: Times New Roman">&nbsp;</span></span></strong></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: medium"><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #000000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">依循這個原則篩選出來的企業，</span></strong><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #ff0000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">過去</span></strong><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #000000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">必定有</span></strong><strong style="mso-bidi-font-weight: normal"><span style="COLOR: #ff0000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">長久優良的</span></strong></span><strong style="mso-bidi-font-weight: normal"><span style="FONT-SIZE: medium; COLOR: #000000; FONT-FAMILY: 新細明體; mso-hansi-font-family: 'Times New Roman'; mso-ascii-font-family: 'Times New Roman'">營運紀錄<br />（財務報表）、</span></strong><strong><span style="FONT-SIZE: medium">卓越的經營管理團隊、以及穩定的未來獲利<span style="FONT-FAMILY: Times New Roman">(</span>自由現金流量</span></strong><span style="FONT-SIZE: medium"><strong><span style="FONT-FAMILY: Times New Roman">)</span>。<br />  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/10228921">(Read More...)</a></div>]]></content>
    <category term="投資大師選讀"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/10228921#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/5329869</id>
    <title><![CDATA[智慧大師語錄]]></title>
    <updated>2009-11-26T11:42:25+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/5329869"/>
    <summary><![CDATA[&nbsp;
安德烈．柯斯托蘭尼：德國的華倫巴菲特和證券界教父語錄：真正的投機家是思考的人，但很多人卻認為投機家是不用工作的人。彼得．林區：富達管理研究公司的副董事長及富達基金受託委員會的會員，1977年至1990年間主持富達麥哲倫基金十三年，該基金投資績效名列世界第一。語錄：不要聽信專家，散戶往往是因為跟在專家屁股後頭，才會變得如此一無是處！華倫．巴菲特：波克夏海瑟威董事長，美國富比世雜誌評選全球身價超過十億美元的富豪，巴菲特再度以專業投資人的身份排名第二，僅次於微軟總裁比爾．蓋茲&nbsp;。&nbsp;語錄：我們不需比別人聰明，但必須比他人更有修養。===========================================如果你認為投資就是賭博，投資就是不務正業也難怪你的投資最後總是失敗，因為我一再強調一件事投資理財，你的態度會決定你的格局，你的格局會決定你的結果。把投資當作金錢遊戲的人結果就是被金錢玩，被市場坑殺不然就是格局太小，小賺小賠最後白忙一場&nbsp;把投資當作賭博的人結果就是變成賭徒運氣好的十賭九贏，最後一輸倾家盪產運氣差的十賭九輸，最後梭哈倾家盪產&nbsp;把投資當作人生課題的人結果就是按步就班步步完成人生的理財目標&nbsp;投資的第一課就是要先理財，先儲蓄，不要急著投資先充實自己的本錢，很多成功的投資者都是先從儲蓄做起，沒資本就不必談投資初學者或沒資本者千萬不要借錢來投資投資的第二課就是要知己，了解自己的投資屬性和風險承受度，了解每個投資工具的運作方式及風險選擇適合自己的投資工具，訂定自己的投資策略及方法&nbsp;投資的第三課就是要知彼，針對你選擇的投資工具多充實自己的專業知識，用心觀察市場環境的變化及你的投資對手的心理狀態讓自己在市場的風險能夠降低，先減少敗率(檢討錯誤)&nbsp;完（不用點繼續閱讀）]]></summary>
    <content type="html"><![CDATA[<p>&nbsp;</p>
<p><span><span style="FONT-SIZE: medium">安德烈．柯斯托蘭尼：德國的華倫巴菲特和證券界教父<br /></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">語錄：</span></span><span style="FONT-SIZE: medium">真正的</span><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000">投機家</span><span style="COLOR: #0000ff">是</span><span style="COLOR: #ff0000">思考的人</span></span><span style="FONT-SIZE: medium; COLOR: #0000ff">，但很多人卻認為<br />投機家是<span style="COLOR: #ff0000">不用工作的人</span>。<br /><br /></span><span style="FONT-SIZE: medium">彼得．林區：富達管理研究公司的副董事長及<br />富達基金受託委員會的會員，1977年至1990年間<br />主持富達麥哲倫基金十三年，該基金投資績效名列<br />世界第一<span style="COLOR: #0000ff">。</span><br /><br />語錄：<span style="COLOR: #ff0000">不要聽信專家</span>，散戶往往是因為跟在專家<br />屁股後頭，才會變得如此一無是處！<br /><br />華倫．巴菲特：</span><a href="http://finance.yahoo.com/q/bc?s=BRK-A&amp;t=my&amp;l=on&amp;z=m&amp;q=l&amp;c=" target="_blank"><span style="FONT-SIZE: medium">波克夏海瑟威</span></a><span style="FONT-SIZE: medium">董事長，美國富比世<br />雜誌評選全球身價超過十億美元的富豪，巴菲特再度<br />以<span style="COLOR: #ff0000">專業投資人</span>的身份排名第二，僅次於微軟總裁比爾<br />．蓋茲&nbsp;<span style="COLOR: #0000ff">。</span><br />&nbsp;<br />語錄：我們不需比別人聰明，但必須比他人</span><span style="FONT-SIZE: medium; COLOR: #ff0000">更有修養</span><span style="FONT-SIZE: medium"><span style="COLOR: #000000">。</span><br /><br /><span style="COLOR: #000000">===========================================</span><br /></span><span style="FONT-SIZE: medium; COLOR: #000000">如果你認為投資就是賭博，投資就是不務正業<br />也難怪你的投資最後總是失敗，因為我一再強調一件事<br /></span><span style="FONT-SIZE: medium">投資理財，你的態度會決定你的格局，你的格局會決定<br />你的結果。<br /></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">把投資當作金錢遊戲的人<br />結果就是</span><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000"><span style="COLOR: #0000ff">被金錢玩，被市場坑殺</span><br /></span>不然就是<span style="COLOR: #0000ff">格局太小，小賺小賠</span><br />最後白忙一場&nbsp;<br /></span></span></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">把投資當作賭博的人<br />結果就是<span style="COLOR: #0000ff">變成賭徒</span><br /></span></span><span><span style="FONT-SIZE: medium; COLOR: #000000">運氣好的十賭九贏，最後一輸倾家盪產<br /></span><span style="FONT-SIZE: medium; COLOR: #000000">運氣差的十賭九輸，最後梭哈倾家盪產&nbsp;<br /></span></span><span><br /><span style="FONT-SIZE: medium">把投資當作人生課題的人<br />結果就是</span><span style="FONT-SIZE: medium; COLOR: #0000ff">按步就班<br /></span><span style="FONT-SIZE: medium"><span style="COLOR: #0000ff">步步完成人生的理財目標</span>&nbsp;<br /></span></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">投資的第一課就是要<span style="COLOR: #0000ff">先理財，先儲蓄，不要急著投資</span><br />先充實自己的本錢，很多成功的投資者都是先從儲蓄<br />做起，沒資本就不必談投資<br /></span><span style="FONT-SIZE: medium; COLOR: #ff0000">初學者或沒資本者千萬不要借錢來投資<br /></span></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">投資的第二課就是要<span style="COLOR: #0000ff">知己</span>，了解自己的投資屬性和<br />風險承受度，了解每個投資工具的運作方式及風險<br /></span><span style="FONT-SIZE: medium"><span style="COLOR: #ff0000">選擇適合自己的投資工具，訂定自己的投資策略及<br />方法</span>&nbsp;<br /></span></span><span style="COLOR: #000000"><br /><span style="FONT-SIZE: medium">投資的第三課就是要<span style="COLOR: #0000ff">知彼</span>，針對你選擇的投資工具<br />多充實自己的專業知識，用心觀察市場環境的變化<br />及你的投資對手的心理狀態<br /><span style="COLOR: #ff0000">讓自己在市場的風險能夠降低，先減少敗率</span>(檢討錯誤)&nbsp;<br /><br />完（不用點繼續閱讀）<br />  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/5329869">(Read More...)</a></div>]]></content>
    <category term="投資大師選讀"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/5329869#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/3929074</id>
    <title><![CDATA[路人甲乙丙需知]]></title>
    <updated>2009-11-26T11:41:58+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/3929074"/>
    <summary><![CDATA[&nbsp;
]]></summary>
    <content type="html"><![CDATA[<p>&nbsp;</p>
<p><span style="FONT-SIZE: small"><span style="FONT-SIZE: medium">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/3929074">(Read More...)</a></div>]]></content>
    <category term="生活札記"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/3929074#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/24622702</id>
    <title><![CDATA[098-11-26 價值投資是唯一的投資方法]]></title>
    <updated>2009-11-26T10:33:00+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/24622702"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p>  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/24622702">(Read More...)</a></div>]]></content>
    <category term="投資觀念"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/24622702#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/24587854</id>
    <title><![CDATA[098-11-18 楓樹林之二八法則新解]]></title>
    <updated>2009-11-18T14:36:34+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/24587854"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p style="margin: 0px;"><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/24587854">(Read More...)</a></div>]]></content>
    <category term="投資觀念"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/24587854#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/24082686</id>
    <title><![CDATA[098-08-02 楓樹林如何計算投資報酬率 ??? (純閒聊)]]></title>
    <updated>2009-08-02T10:49:58+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/24082686"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/24082686">(Read More...)</a></div>]]></content>
    <category term="專有名詞"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/24082686#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/24014473</id>
    <title><![CDATA[098-07-21 容有再次回測3955點的機會但終將進入主升段(若老天保佑未來還有再次回測,空頭請把握最後逃命機會)]]></title>
    <updated>2009-07-21T08:51:10+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/24014473"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p>  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/24014473">(Read More...)</a></div>]]></content>
    <category term="不負責任分析"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/24014473#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/23407536</id>
    <title><![CDATA[098-05-14 資金控管只有在順勢而為時才有效果(逆勢而為,即使口袋夠深也不夠賠)]]></title>
    <updated>2009-05-04T13:59:48+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/23407536"/>
    <summary><![CDATA[]]></summary>
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    <category term="投資觀念"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/23407536#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/23341113</id>
    <title><![CDATA[098-04-27 在盤整待變時不宜死空死多(回測3955點看法不變)]]></title>
    <updated>2009-04-27T12:27:34+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/23341113"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/23341113">(Read More...)</a></div>]]></content>
    <category term="不負責任分析"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/23341113#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/23168947</id>
    <title><![CDATA[098-04-07 『少賺不是賠,少賠不是賺』]]></title>
    <updated>2009-04-07T10:18:51+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/23168947"/>
    <summary><![CDATA[
]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;"><span style="background-color: #ff0000;"><span style="color: #ff0000;"><span style="background-color: #ffffff;">
<p>  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/23168947">(Read More...)</a></div>]]></content>
    <category term="投資觀念"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/23168947#comments</wfw:comment>
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  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/23023533</id>
    <title><![CDATA[098-03-27 投資理財應適時放空自己,不宜過度自滿(信)]]></title>
    <updated>2009-03-27T10:36:51+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/23023533"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/23023533">(Read More...)</a></div>]]></content>
    <category term="投資觀念"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/23023533#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22699329</id>
    <title><![CDATA[098-03-07 資本公積可發股息 台積利多]]></title>
    <updated>2009-03-09T11:38:05+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22699329"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22699329">(Read More...)</a></div>]]></content>
    <category term="長期投資－媒體新聞"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22699329#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22504397</id>
    <title><![CDATA[098-02-24 空頭不補,中級反彈不止]]></title>
    <updated>2009-02-24T09:08:07+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22504397"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22504397">(Read More...)</a></div>]]></content>
    <category term="不負責任分析"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22504397#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22445842</id>
    <title><![CDATA[098-02-11 台股元月繳出差強人意的成績單]]></title>
    <updated>2009-02-11T10:02:07+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22445842"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22445842">(Read More...)</a></div>]]></content>
    <category term="不負責任分析"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22445842#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22420955</id>
    <title><![CDATA[098-02-06 楓樹林未來走向]]></title>
    <updated>2009-02-06T10:41:06+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22420955"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22420955">(Read More...)</a></div>]]></content>
    <category term="生活札記"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22420955#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22362426</id>
    <title><![CDATA[098-01-23 熊市來了,理財專員如過街老鼠,人人喊打]]></title>
    <updated>2009-01-23T11:06:51+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22362426"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22362426">(Read More...)</a></div>]]></content>
    <category term="生活札記"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22362426#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22345096</id>
    <title><![CDATA[098-01-19 98年長期投資操作紀錄總覽(僅供個人追蹤檢討用,勿入)]]></title>
    <updated>2009-01-19T16:37:18+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22345096"/>
    <summary><![CDATA[]]></summary>
    <content type="html"><![CDATA[<p><span style="font-size: 12pt;"><span style="color: #0000ff;">  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/22345096">(Read More...)</a></div>]]></content>
    <category term="事後檢討"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22345096#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/22238070</id>
    <title><![CDATA[097-12-31 公布楓樹林今年全年的獲利狀況]]></title>
    <updated>2008-12-31T11:58:57+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/22238070"/>
    <summary><![CDATA[]]></summary>
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    <category term="事後檢討"/>
    <wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://fcko2007.pixnet.net/blog/post/22238070#comments</wfw:comment>
  </entry>
  <entry xmlns:wfw="http://wellformedweb.org/CommentAPI/">
    <id>http://fcko2007.pixnet.net/blog/post/21943950</id>
    <title><![CDATA[097-11-05 可能有機會展開中級反彈,你準備好了沒 ???]]></title>
    <updated>2008-11-05T12:17:22+08:00</updated>
    <link rel="alternate" href="http://fcko2007.pixnet.net/blog/post/21943950"/>
    <summary><![CDATA[

]]></summary>
    <content type="html"><![CDATA[<P>
<P><SPAN style="FONT-SIZE: 12pt">
<P><STRONG></STRONG>  <div class="more"><a href="http://fcko2007.pixnet.net/blog/post/21943950">(Read More...)</a></div>]]></content>
    <category term="不負責任分析"/>
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  </entry>
</feed>
