价值投资的要素有哪些?笔者认为,价值投资有三大要素:安全边际、能力圈原则和“市场先生”。这三个要素是价值投资者必须坚守、不能忘记的。先说安全边际,巴菲特认为它是成功投资的基石。它的好处体现在三个方面:①如果投资者对一家企业的估值过高,安全边际可以使他避免以过高的价格买入其证券;②如果投资者以与其内在价值相同的价格买入证券后,证券价格有可能继 What are the elements of value investment? The author believes that there are three elements of value investment: safety margin, the principle of the ability to circle and “Mr. Market”. These three elements are value investors must stick to, can not forget. Let me talk about safety margins, Buffett thinks it is the cornerstone of successful investment. Its benefits lie in three aspects: (1) If investors overvalue an enterprise, the margin of safety can prevent him from buying over its securities at overly high prices. (2) If investors buy at the same price as their intrinsic value After entering the securities, the securities prices may follow