股票究竟長啥樣？

 

”股市裏八輸一平一賺“是一句比較時髦的話，但是我看著SP Total Return Index的圖形，總覺得這話不太合理。以前提供投資者B信息的網友說過，全公司7000名員工的養老金帳戶，95%長期是有盈利的，5% 虧損帳戶主要集中在頻繁交易者中，我覺得這位網友提供的信息才是更接近事實。“股市裏八輸一平一賺”可能更符合股市中的投機者群體，所以作為股市投資者不要盲目的自己嚇自己，作為一名股市投資者，而不是投機者，你長期投資獲利的概率還是非常高的。

有位曾經在金融投資行業工作過的網友說“為啥房地產翻譯成real estate? 因為它就是真正的資產，這個real,real到不能再real. 你看得到摸得著住得進，那麽，股票長什麽樣？姐聽說過沒見過。。。“

我想可能許多人確實從未見過股票長什麽樣？至今為止，我隻見過一家公司的股票，我曾經工作過的公司有員工購股計劃，買一送一，每年年底每位員工都會受到一張股票憑證。股票就是一張A4大小的紙，上麵有公司的名字，股票數等等必要信息，再加一些花紋邊框，很簡單的。

股票市場的產生是現代社會經濟發展的需要，是人類社會發展的文明成果。目前我們處於一個契約社會階段，股票作為企業所有權的契約受到現代法律的保護。

BuyandHold2012母子看到過比較多的股票實物，因為他們的股票不是存發在交易商那裏的，每次購買股票後，他們都會要求將股票實物寄到家裏，然後存入自己的銀行保險箱裏，因為他們從未打算賣出股票。

我不知道這對母子在50多年裏收到的數千萬的紅利現金，以及現在每年超過1百萬的紅利現金能不能算Real, Real, Real 到不能再Real？我想如果他們要去銀行要求摸摸自己存放在那裏的現金，應該不會被人拒絕吧？我想也不會有一個商家會拒收他們的紅利現金消費吧？

根據有金融行業工作經曆網友提供的信息，我們可以看到大多數的專業人士確實幹得不怎麽樣？

2010年，芒格的演講 ART OF STOCK PICKING

It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it who look and sift the world for a mispriced be that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple.

That is a very simple concept. And to me it's obviously right based on experience not only from the pari-mutuel system, but everywhere else. And yet, in investment management, practically nobody operates that way. We operate that way I'm talking about Buffett and Munger. And we're not alone in the world. But a huge majority of people have some other crazy construct in their heads And instead of waiting for a near cinch and loading up, they apparently ascribe to the theory that if they work a little harder or hire more business school students, they'll come to know everything about everything all the time. To me, that's totally insane. The way to win is to work, work, work, work and hope to have a few insights.