TD股價恢複到了2018.1.2的價格之上

進入2019年二月之後，TD的股價已經恢複到了2018年一月二號的價格之上，從長期投資而言，能夠偶爾出現一些股價的短期大幅下跌擺動，為投資者提供了有足夠安全邊際的參與機會和獲得超額回報的機會。

那麽在今天的價位，TD的上漲幅度可能性有多大呢？

因為目前TD的市場估值低於中長期均值，所以今年上漲是大概率，其次，今年可能繼續上漲的幅度是大約25%左右，這裏的原因是2018，2019二年的盈利增長會最終反應到股價估值之中。

At Berkshire we focus almost exclusively on the valuations of individual companies, looking only to a very limited extent at the valuation of the overall market. Even then, valuing the market has nothing to do with where it's going to go next week or next month or next year, a line of thought we never get into. The fact is that markets behave in ways, sometimes for a very long stretch, that are not linked to value. Sooner or later, though, value counts. - 巴菲特1999年公開演講