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“北京过江龙”应相关媒体采访---熊市的消失和牛市到来一样不会悄无声息。 An on-the-spot interview(现场采访记) Moderator: 主持人: I started the interview by saying "reporters don't normally get to meet you". 我在那次采访的一开始说:"一般说来,记者很难采访到你"。 Beijing: 北京过江龙: No problem-I'm all yours to interview. “没有问题----请便吧,我可以接受采访。 Moderator: 主持人: Your skin is dark, is not always doing outdoorsports, what meaning ? 您的皮肤是黝黑的,是不是经常做户外的运动,有何含义? Beijing: 北京过江龙: This is a healthy colour, Moderator of the very right, I am a sports enthusiast, often to do something such as: long-distance running / hiking / outdoor sports such as swimming…… have a good and healthy body is doing things Essential for the success of one of the conditions, but also in sports training in their own will. 这是一种健康的肤色,主持人说的很对,我是个体育爱好者,经常做一些诸如:长跑/登山/游泳等户外运动……拥有良好而健康的体魄是做事成功所必不可少的条件之一,同时也是在运动中锻炼自己意志,竖立信心,使自己能在艰难困苦中越战越勇。 Moderator: 主持人: The disaster affected countries, your contributions are million yuan. Why you are using anonymous donations of the way ? 国家受灾,您捐款数额均在百万元人民币,您为何延用匿名捐款的方式? Beijing: 北京过江龙: To make a contribution to the motherland.It is not necessary for either of to make a song about this. 为祖国发一份光以及贡献一份应有的力量是好事,那么为何要尽人皆知呢? Moderator: 主持人: You experienced more than 10 years of ups and downs,It is not only is it difficult to forget you, may be more worthwhile to share with you a valuable asset. 您经历十多年的风风雨雨,不仅是您本人难以忘怀,可能更值得跟大家分享的宝贵的财富。 Beijing: 北京过江龙: To some investors, penetrating market olfaction, original insight to market and wide investigation, all of these are the standards of being mature. 要敢于寂寞,也就是当一件事物彻底的被人们所共识的时候,另一种与其相对应的事物正在悄悄的来临,即使有人预期到了,也被当时的表象所掩盖而被持有深信不疑观点的人海中所淹没,而后的历史证明这些预见是正确的。 For example:As early as 2004, I predicted that gold prices are on the rise.There are two kinds of hard currency, a currency (U.S. dollars) while the other is the goods (gold).Inversely proportional to the dollar and gold.The trend of investment is very important.Theory and practice is more important. 例如:对于金价的节节攀升,早在04年我就预见到了。因为随着硬通货标志的美元转为另一硬通货标志的黄金的过渡。以美元为投资品种的投资者不愿看到其持有货币的颓势,在比持有别国货币最好的方式就是把手中的美元买入与美元具有相同的硬通货属性的黄金。04年时黄金的价格同比还在低位,所以我在当时对此所发出的观点并不为众人所认同。但日后的金价走势逐步说明了我对于金价走势的预见是正确的。 Moderator: 主持人: Through the relevant media reports---The world's most expensive book ,price 150 million USD. Could you speak about--The most expensive books in the world today. 您谈谈--现在有媒体报道您所著的《正奇韬略》是目前世界上标价最贵的书.(The world's most expensive books--“北京过江龙” 15 years by the time of writing《正奇韬略》 ,price 150 million USD.) Beijing: 北京过江龙: Productivity can not be separated from the creation of intellectual property rights --Science and technology are primary productive power. --Technology is the crystallization of wisdom. --Because the price is the crystallization of value. For example,"Export 800,000,000 shirt Exchange one aircraft" --This sentence is very telling. People will find an interesting phenomenon--Valuable things are always micro and expensive.At first the majority of people do not understand.This may be the objective laws of ancient times. The only real voyage of discovery consists not in seeking new landscapes but in having new eyes. 长期以来,市场存在一种有趣的现象,那就是“价值与价格的倒挂”。 人類若不曾運用自己的智慧,現在或許還停留在刀耕火種、茹毛飲血的時代,就是因為靠著智慧的力量,人類創造了多彩物質生活財富,社會發展有了極大的躍進和轉變。先进生产力的创造离不开知识产权,先进文化的创造也离不开知识产权,特别是在当今知识经济社会。相信大家还记得“出口8亿件衬衫才能换来一架波音飞机”这句话就很说明问题。 因此回答以上问题可以归结为一句话“不认同的事物并不代表其没有前途,而认同的事物并不代表其就有前途”。 Moderator: 主持人: Could you talk about China's mainland stock market,Your ability to observe the 15-year. 以您征战市场15年的眼光,您对于目前A股的情况如何看待?股何时终结现有行情? Beijing: 北京过江龙: Our times has already entered financial globalization era, as the degree of thefinancial globalization is strengthened, the countries all over the world, while sharingits incomes, will unavoidably take risks altogether. 当今世界已经进入金融全球化时代,随着金融全球化程度的加深,世界各国在共享其收益的同时,也不可避免的要共担风险。 Extra-budgetary capital increases rapidly in the course of track-cha-nging of the system leading to the softening of binding in the bank'scredit capital which in turn gives rise to the excessive presrure upon creditinflation. 在经济体制转轨过程中预算外资金迅速增加,银行信贷资金的约束软化,形成对信贷膨胀的极大压力。 Vietnam stock market -58%,A-share market -53%_18-year decline in the seventh. Therefore, investors should be mindful of the volatility of the market. If are right, you might expect investors to be snapping up the stockmarket bargains that distressed selling has created. If the market price is below the intrinsic value, then the stock is undervalued and should be bought. Because the market itself is a business cycle(At present, China's economy continues to maintain a sound momentum of growth. ). 当市场人士在津津乐道越南股市暴跌了58%之时,A股市场的沪指从2007年10月16日的6124高点滑落至今已超,平均跌幅度已跌超 18年以来前面六次暴跌的平均值.离A股市场的最近10年以来最大的跌幅55%近在咫尺,面对本轮罕见暴跌,是机会还是风险?的确值得投资者重新评估。 也就是说,每一次股市暴跌50%之后,具有前瞻的投资者一定不要恐慌,要趁机逢低买入超跌的好股票.因为A股市场的18年里任何一次暴跌50%之后所买进的超跌好股票,都能获得巨大的投资收益.从过去的六次暴跌中,可以清晰看到其平均跌幅不到52%.因此这一轮从6124至今已经跌了53%,为A股18年来的第七次暴跌. 很快,金融危机就会告一段落,市场的最后一跌是令人心力交瘁的,许多投资者会因为承受不了资金压力与心理压力纷纷割肉抛售造成市场处于非理性的情绪市中,也就是说“A股市场怎么涨起来的再怎么跌回去,然后怎么跌下去的再怎么涨起来”。 Moderator: 主持人: What is the evidence? 为什么您会有这样的说法,根据什么? Beijing: 北京过江龙: This is the A-share market data: (1):1992.05---1992.11 (1429Point-400Point),Over 5 months-72%. (2):1993.02---1994.07 (1553Point-325Point),Over 18 months-79. (3):1994.09---1996.01(1053Point-512Point),Over 16 months-51%. (4):1997.05---1999.05(1510Point-1047Point),Over 24 months-30%. (5):1999.06---2000.01(1756Point-1361Point),Over 12 months-22%. (6):2001.06---2005.06(2245Point-998Point),Over 48 months-55%. (7):2007.10---2008.06(6124Point-NOWPoint),Over 8 months-53%. 这是A股市场的七次暴跌的数据: (1):1992年5月---1992年11月1429点跌至400点,历时5个月,最大跌幅达72% (2):1993年2月---1994年7月1553点跌至325点,历时18个月,最大跌幅达79% (3):1994年9月---1996月1月1053点跌至512点,历时16个月,最大跌幅达51% (4):1997年5月---1999年5月1510点跌至1047点,历时24个月,最大跌幅达30% (5):1999年6月---2000年1月1756点跌至1361点,历时12个月,最大跌幅达22% (6):2001年6月---2005年6月2245点跌至998点,历时48个月,最大跌幅达55% (7):2007年10月--2008年6月6124点跌至今....,历时8个月,最大跌幅达53% Moderator: 主持人: Could you speak about--quotations in International Market? 您觉得2008年的大盘预计何时见底回升? Beijing: 北京过江龙: 1.Talk of its weakness is greatly exaggerated: its real trade-weighted exchange rate against a broad basket of currencies is still close to its30- year average.The Europeans, in particular, long for the Asians to share in the adjustment to the weakening US dollar.2.The index (A-share market) slumped down from 2000Point--1800Point in 2008(Twice--The possibility of large). 3. In the rect period, the momentum of China's state-owned enterprise reform has obviously increased, and inter-enterprise purchases, mergers and "powerful alliances" have reached a fixed scale.(H-share market) 1.对于2008年的外汇行情很可能是美元重新升值的牛市而非美货币在重重加息的 利空下进入贬值的熊途。 2.A股票市场的大盘预计在银行股和中石油等权重股的带领下大盘有望完成“最 后一跌”(大盘不破不立),在2000点附近见底(不排除双针探底)。然后再次开始一波新的、波澜壮阔的上涨行情。 3.H股票市场随着个股估值不断被重新的发现,很可能引发世界级别的财团或企 业的收购兼并浪潮。 Moderator: 主持人: You investing style...... 您的意思是...... Beijing: 北京过江龙: Jump in when everyone else is jumping out. 在其他人纷纷出逃的时候大胆进入。 Moderator: 主持人: The key factor in any success career. 您认为投资(股票+外汇)是否有规律. Beijing: 北京过江龙: Investment experiences of three points(Stock、Foreign Exchange、Futures): 投资的心得体会有三点(股票和外汇以及期货): 1.Discovered the value 2.The value of the exchange prices 3.In both value and growth Many want to emulate "God of stock" - at least his investing success,Few have. 1.发现价值--利用市场的愚蠢,进行有规律的投资. 2.用价格买价值--价值是内在的(静),而价格是表相的(动). 3.价值型与成长型的投资理念是相通的;价值是一项投资未来现金流量的折现值;而成长只是用来决定价值的预测过程,而坚持长期持有--拥有同一类型的投资品种(股票+外汇),期待它短期就上涨实际是一种不负责任的表现。 很多人都想模仿股神──至少希望像他一样投资成功,却很少有人能做到这一点。 Moderator: 主持人: You are "God of stock". 您是“股神”. Beijing: 北京过江龙: HA!HA! I am not "God of stock". All of this is new territory for us. Modesty makes people progress, the pride makes people lag behind and better hold positive attitude . Success is not final, failure is not fatal: it is the courage to continue that counts. 我不是“股神”,“对咱们来说,所有这些都是新鲜事物。”因为任何一个人,即使在某一方面的造诣很深,也不能够说已经彻底精通,彻底研究全了。“生命有限,知识无穷”,任何一门学问都是无穷无尽的海洋,都是无边无际的天空…….所以,谁也不能够认为自己已经达到了最高境界而停步不前、而趾高气扬。如果是那样的话,则必将很快被同行赶上、很快被后人超过。 There is a problem: Gold market boom、foreign exchange market boom、Futures market boom(Agricultural Products)----How many of today's investors to make money? Of course, much of the smart money has been wrong in the credit crisis. (Many funds have lost big money in the year) after the storm, many investors pulled out. A股市场经历了一波波的大牛市,请问投资者赚了多少钱?黄金市场也经历着一场几十年难得一见的大牛市,请问投资者赚了多少钱?!可能不少投资者会羞于启齿。这就不得不让投资者对自己的投资进行反思,到底哪些环节出了问题。有的投资者甚至发出感叹,“做股票并非想象的那么简单!”当然,在当前这场危机中大多数理财行家都看走了眼。(许多基金在一年中损失巨大)股市暴跌之后,许多投资者都退缩了 . More discerning eyes could see subtle signs of weakness in the economy, apart from the dangerous stock market boom. 除证券市场暴涨的危险外,明眼人是能看出一些经济上初露苗头的弱点的。 It is not so easy as investors think. The fact is that respect for the first. For example--A stock market on 2007.05.30--This sentence is very telling.(http://blog.sina.com.cn/bjgjl) The success was because in those days, there were no betting-shops. The law of the land said you could only bet at a racecourse. 特别是2007年的5.30时的暴跌,有朋友打电话过来说我预测的“神”,因为我的那篇《二八现象绝对不是一个正常的证券市场应有的正常表现》的博文(http://blog.sina.com.cn/bjgjl)发出后的第二天大盘就下来了,其实不是我“神”,关键是要长期发展还是要短期的“透支活力”这一点就很说明当时暴跌的原因所在。 superstition --ignorance fosters superstition --It was basically a superstition. Superstition, idolatry, and hypocrisy have ample wages. That superstition was prevalt among them. The investors purchase shares and long-term debt in the expectation of nothing more than a financial return on the investmt. Huge price fluctuations can occur and fade very quickly leaving naive investors stranded and holding on to stocks purchased at high prices. Self-confidence is the key factor in any successful career. 什么是迷信,观察事物没有确凿依据而一味的盲从就是迷信,实质上那是一种自欺欺人的想法。市场里面没有“绝对”二字,世上没有绝对的事物,在每时每刻都风起云涌风云变幻的市场里也是一样。任何事物都有其内在规律可言,抓住了其规律就如同抓住了蛇的七寸那样的关键,因此看问题要入目三分才能下结论就是这个道理。 众所周知的排行榜中,大家看到资本市场诞生了不少所谓的“股神”,他们或从权证市场由几万到几千万到几个亿,或通过高超的短线交易,从几十万赚到了几千万甚至几个亿、几十个亿,但不知10年之后投资者还能否记住当初的这些“股神”们。这些个案极容易形成对投资者理念的误导,误导投资者去盲目效仿,误导他们去寻找股市暴利所谓的“秘诀”。强调"自信是任何成功之道的关键因素"。 Moderator: 主持人: Succeeder should be specific to the required:handsome 、tall young 、sensual、self-confidence、dark, Fair,responsible and considerate? 呵呵!是不是都需要具备您这双炯炯有神大眼睛还有一米八的“高度”才能"入木三分"呐? Beijing: 北京过江龙: Wherever new businesses bloom, investors are sure to see prospects for fast growth. 对于一个新兴加转轨的处于发展中的市场而言,用一句话就可以说明关键的所在----熊市的消失和牛市到来一样不会悄无声息。 Moderator: 主持人: The market transition from the Boom Age to the Fading Age ,and things progressed rapidly, as you had predicted.(2004--2008) I guess you are going to reveal your trade secret to me. 在06年媒体采访您的时候,您说未来最看好的是三个国粹(茅台、同仁堂、长江电力),都得以验证,能否谈谈您的投资理念? Beijing: 北京过江龙: 1.lottery ticket-----From simple to complex 2.Stock Exchange-----From complex to simple 3.Foreign Exchange---From macroscopic to microcosmic So while in situations with great complexity, “Victory”, there are no easy, rational answers that will always lead to the most positive outcomes, there are patterns that correlate very strongly with success over time. 回答这个问题,不得不提到这里有三个很有趣的现象: 1.看似越简单的事物其实越复杂(彩票) 2.看似越复杂的事物其实越简单(股票) 3.看似越宏大的事物其实越清楚(外汇) 长期以来,在媒体上一直有一种倾向,就是把投资(股票+外汇)这个行当说得太玄乎,似乎做一个成功的投资者,一定要学会ABCD、甲乙丙丁、还要眼观六路、还要耳听八方.....好像一个成功的投资者,非得有经济学家兼会计师兼心理学大师兼统计专家兼政治家然后还要有军事家与谋略家的脑袋等等....其实我征战市场十五年的投资经验其实就是一句话:“做事情要成功但不一定要与“教科书”全对(教条),做股票、做外汇也是一样”。 Moderator: 主持人: As for your suggestion about investment. 最后对于对于投资朋友们来说,谈谈您的投资建议。 Beijing: 北京过江龙: To use our cash sensibly. There are no pies dropping from the sky. To be critical or suspicious of something one has received without expense. “Victory”,None of this is as pie-in-the-sky as it sounds. Patience is one of the most imporant attribute of a successful investors. The general trend under heaven is that there is bound to be unification after prolonged division and division after prolonged unification. "to know HOW TO WAIT is the great secret of success" Health is more important than wealth, because we know that" keep a green mountain, and there is plenty of wood". 不要过分相信所谓的“消息”,不付出辛勤的汗水和智慧“天上是不会掉馅饼”的,对于目前的一个处于机遇与挑战并存的市场里,对于投资朋友们来说,时机不成熟绝不动手,一旦出手,至少要有八成以上的胜算(五成早而十成晚)。即“买入不急,卖出不贪,止损不拖,品种不散”。股市、汇市等这些市场不是摇钱树,而只是一种投资方式,“天下的投资市场,跌久必升而升久必跌”,这是被无数次的实践者所证明的真理,因为机会往往是留给早有准备的人们的。“金钱如水,能载舟也能覆舟.” 投资者应当正确对待自己,才能正确支配金钱,这一特定法就是“以人为本,金钱次之”,这一原理的核心思想是投资者本身和投资者的精神及投资者的快乐远比投资者的金钱重要。
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