_SLIDE_1_
公包府
犁
Warren Buffett and value investing
_SLIDE_2_
Contents
3. 6rules ValueInvesting
4. Applicate the rules
5. conclusion
2. What is ValueInvesting
1. Warren Edward Buffett
_SLIDE_3_
Biography
Oracle of Omaha
1. Warren Edward Buffett
August, 30 in 1930 (Omaha, Nebraska)
Bachelor University of Pennsylvania
Master University of Columbia
Occupation Chair man and C.E.O of Berkshire Hathaway
_SLIDE_4_
10 years old first investment
20 years old - $ 9,800
In 1965 - $ 10,000,000
& took over Berkshire Hathaway
Now - $ 670000000000
1. why warren Buffett ぱ(1)most successful investor
_SLIDE_5_
e.g. IT company
e.g. Food, Transportation, Steel and etc.
Sustainability
Do not invest what you don’t know!
e.g. Airplane, China market
Possibility of Developmenˇ(积帆)
|
al management team
_SLIDE_11_
Buffet’s Methodology
Has the company consistently performed well
Has the company avoided excess debt
Are profit margins high Are they increasing
How long has the company been public
Do the company`s products rely on a commodity
Is the stock selling at a 25% discount to its real value
_SLIDE_12_
Introduton to 5 index
PER(Price Earning Ratio)
ROE(Return On Equity)
EPS(Earings Per Share)
PBR(Price on Book-value Ratio)
FCF(Free Cash Flow)
_SLIDE_13_
PBR(Price on Book-value Ratio)
Cash flows due to operating profit
The cash flow needed for capital investment.
康诀捞劳俊 狼茄 泅陛儒抚
汲厚捧磊俊 鞘夸茄 泅陛儒抚
_SLIDE_14_
PBR(Price on Book-value Ratio)
- Net assets per share divided by stock price
- 林啊/1林寸鉴磊魂
_SLIDE_15_
4. Applicate the rules - EPS
脚技拌
吩单 泅措
_SLIDE_16_
4. Applicate the rules - fcf
脚技拌
吩单 泅措
_SLIDE_17_
4. Applicate the rules - PER