Buy Los Sell High 與巴菲特的市場經驗

2011年，老巴印度之行的談話

“If you look at the typical stock on the New York Stock Exchange, its high will be, perhaps, for the last 12 months will be 150 percent of its low so they’re bobbing all over the place. All you have to do is sit there and wait until something is really attractive that you understand.”

“There’s almost nothing where the game is stacked more in your favor like the stock market”

“What happens is people start listening to everybody talk on television or whatever it may be or read the paper, and they take what is a fundamental advantage and turn it into a disadvantage. There’s no easier game than stocks. You have to be sure you don’t play it too often”

巴菲特的市場經驗是股價的大幅度波動是長期存在的，而且發生在每一個股票上，無論是牛市，熊市還是豬市，更重要的是波動周期比較頻繁，平均大約是一年左右時間。

在我之前觀察了Tesla，TD, PH,CAT, FB, MCD, SBUX, RY等股票價格波動曆史數據後，可以看到這些股票有一個共同點，在任何時候以任何價格買入，長期持有，至少不會虧錢。