倊倇倇倥倸 408 - 倲俴倓俷倚倓倹倢俷倎倧倹倉倀倢倉倱倛倸俷倝倉倢俴倅俲倝俷俸値俷倅俷
倊倇倇倥倸 408 - 倲俴倓俷倚倓倹倢俷倎倧倹倉倀倢倉倱倛倸俷倝倉倢俴倅俲倝俷俸値俷倅俷
"倝倡倉倄倡倊倚倝俷 個倓倠倚値倇倈値倐倢倎俱倢倓倛們倨倉倰倗倥倒倉 (Turnover Efficiency)"
倛倕値倗倰俹倥倒俷倅俷倰俴倓倧倸倝俷倅値倄倱倕倹倗 倎倩倄倴倏倱倕倊
"倓倹倢倉俴倹倢個倕倥俱倇倡倸倗倴個 倚値倉俴倹倢俴俷俴倕倡俷倄倝俷倝倒倩倸倳倉倚倅倷倝俱倰俹倕倥倸倒 60 倗倡倉 倛倓倧倝倉倢倉俱倗倸倢倉倡倹倉"
"俲倝俷俱倝俷倝倒倩倸倳倉倲俱倄倡俷 們倡倉俴倧倝倰俷値倉俸們 俴倧倝倰俷値倉倅倢倒"
"倱倅倸倓倠倊倊倴倝倇倥俲倝俷俸値俷倅俷倅倝倉倉倥倹 倇倣倳倛倹俱倢倓倛們倨倉倰倗倥倒倉倚値倉俴倹倢倰倛倕倧倝倱俴倸 12 倗倡倉!"
"倉倡倸倉倛們倢倒俴倗倢們倗倸倢倰俷値倉俱倹倝倉倰倄倥倒倗俱倡倉 俴倉倝倧倸倉倛們倨倉倴倄倹倓倝倊倰倄倥倒倗 倌們倛們倨倉倴倄倹倛倹倢倓倝倊!"
"個倓倠倚値倇倈値倐倢倎俱倓倠倱倚倰俷値倉倚倄倱倊倊倉倥倹 倓倹倢倉俴倹倢個倕倥俱倄倡倹俷倰倄値們倴們倸們倥倇倢俷倇倣倴倄倹"
倰俲倢倛倒倨倄倉値倄倛倉倦倸俷 倰倎倧倸倝倳倛倹俴倉倏倡俷倒倸倝倒俲倹倝們倩倕
"倝倡倉倄倡倊倚倢們..."
"20 倕倹倢倉倄倝倕倕倢倓值..."
倰倚倥倸倒倚倗倥倸倊倸倉倎倦們倎倣 倱倇倓俱俲倦倹倉們倢 "倰俷値倉俲倉倢倄倉倥倹倆倹倢倲倒倉倕俷倉倹倣倒倡俷倴倄倹倒値倉倰倚倥倒俷倅倩倹們 倱倅倸倉倥倸倰倝倢倴個倚倓倹倢俷倲俱倄倡俷 俸倹倢俷俴倉倚倸俷俲倝俷 倱倆們倴倄倹倒値倉倗倸倢俴倨倃俸倠俸倸倢倒個倓倠俱倡倉倚倡俷俴們倳倛倹倎倉倡俱俷倢倉倇倨俱俴倉倄倹倗倒?"
"俸倹倢俷倊倓値候倡倇俲倉倚倸俷俲倹倢俷倉倝俱倴們倸倴倄倹倰倛倓倝? 倛倓倧倝俱倄俴倸倢倱倓俷倕俷倛倉倸倝倒 倕倄倅倹倉倇倨倉?" 倚倡倉倄倢倉倉倢倒倇倨倉俲倝俷倰倚倥倸倒倚倗倥倸倰倓値倸們倇倣俷倢倉
倛倕値倗倰俹倥倒俷倅俷倚倸倢倒倛倉倹倢倰倄倷倄俲倢倄
"倰倚倥倸倒倚倗倥倸 倰倓倧倸倝俷倉倥倹倅倸倝倓倝俷倴們倸倴倄倹 倎倉倡俱俷倢倉倚倸俷俲倝俷俴倧倝倎倥倸倉倹倝俷俲倝俷倌們"
"倱倕倠倆倹倢們倝俷倳倉們倨們倈倨倓俱値俸 俱倢倓倕倄俴倸倢倅倝倊倱倇倉倎倉倡俱俷倢倉倚倸俷俲倝俷 倴們倸俴倨倹們倰倚倥倒俴倓倡倊"
倰倚倥倸倒倚倗倥倸俷俷 "倛倧倝?"
"倎倉倡俱俷倢倉倚倸俷俲倝俷俴倧倝倓倢俱倀倢倉俲倝俷個倓倠倚値倇倈値倐倢倎 倆倹倢俱倄俴倸倢倱倓俷倰俲倢 俱倷倰倇倸倢俱倡倊倇倣倕倢倒倓倢俱倀倢倉倅倡倗倰倝俷!"
"倳倛倹倰俷値倉倆倦俷倳俸 俴倉俱倷倇倣俷倢倉倆倗倢倒倛倡倗 倚倸俷倰倓倷倗 倊倓値俱倢倓倄倥 倕倩俱俴倹倢俱倷俱倕倡倊們倢俻倧倹倝俻倹倣 (Repurchase) 倉倥倸俴倧倝俱倣倴倓倓倠倒倠倒倢倗"
倱倗倗倅倢俲倝俷倰俻倥倸倒倅俷俹倢倒俴倗倢們俺倧倸倉俺們
倉倥倸倱倛倕倠倛倕値倗倰俹倥倒俷倅俷 倗倥倓倊倨倓倨候倕倩俱倇倨倸俷倌倩倹倰倛倷倉俴倗倢們倚倣俴倡俽俲倝俷 "倎倥倸倉倹倝俷倓倸倗們倚倢倊倢倉" 倱倕倠倉倥倸俴倧倝倰倛倅倨倌倕倇倥倸倰俲倢倇倣俱倢倓倳倛俽倸倚倣倰倓倷俸
"倎倩倄倴倄倹倄倥" 倰俻倥倸倒倅俷倰倝倸倒個倢俱 倚倓倨個俸倊俱倢倓倄倥倰倊倅
倰俲倢倓値倉俺倢倳倛倹倛倕値倗倰俹倥倒俷倅俷 "倛倕倢倒俴倉們倝俷倗倸倢倲俷倸 們倝俷倗倸倢倰倝倢倰俷値倉倴個倕倠倕倢倒倱們倸倉倹倣 倱倅倸倎倗俱倰俲倢倴們倸倰俲倹倢倳俸... 倎倥倸俱倣倕倡俷 '俻倧倹倝俴倗倢們倰俺倧倸倝倳俸' (Buy Trust)"
"倉倹倝俷倰俻倥倸倒倓倩倹倳俸倌們!" 倛倕値倗倰俹倥倒俷倅俷倒俱倱俱倹倗俺倢俲倦倹倉倄倧倸們倓倗倄倰倄倥倒倗
"倇倨俱倗倡倉倉倥倹倕倧們倅倢俲倦倹倉們倢俱倷倰俸倝倓倢倒俸倸倢倒倰個倷倉倕倹倢倉 倰俷値倉倳倉倊倡俽俺倥倴倛倕倝倝俱倰倛們倧倝倉倉倹倣倓倡倸倗 俴倗倢們倓倩倹倚倦俱倉倡倹倉... 倊倝俱倅倓俷倶 倊倢俷倇倥倝倒倢俱俸倠倲倄倄倅倦俱"
"倱倅倸倌們倓倩倹倗倸倢 俲倝倱俴倸俱倡倄倏倡倉倌倸倢倉俺倸倗俷倉倥倹倴個倴倄倹 倎倝倚倰俱倕 (Scale) 們倡倉俲倒倢倒 個倓倠倚値倇倈値倐倢倎倲倕俸値倚倅値俱倚值倇倣俷倢倉倰倅倷們倇倥倸 俱倣倴倓們倡倉俸倠們倢倰倝俷"
"倱倕倠倰們倧倸倝倆倦俷倅倝倉倉倡倹倉 俱倣倱倎俷倇倥倸倌們倚倓倹倢俷俲倦倹倉們倢 俸倠倚倩俷俸倉倴們倸們倥倳俴倓個倥倉俲倹倢們們倢倴倄倹"
倰俻倥倸倒倅俷倎倒倡俱倛倉倹倢
"倳俺倸俴倓倡倊 們倡倉俴倧倝俴倩倰們倧倝俷 (Moat)"
"倎倥倸倛倕値倗 倱倌倉俲倝俷倎倥倸倄倥們倢俱 倇値倘倇倢俷倆倩俱倅倹倝俷 倱倅倸..." 倰俻倥倸倒倅俷倰倗倹倉俸倡俷倛倗倠
倛倕値倗倰俹倥倒俷倅俷倳俸倰倅倹倉倅倨倹們倶 倅倸倝們倶
"倱倅倸倰俷値倉 2 倕倹倢倉倄倝倕倕倢倓值倇倥倸倎倥倸俲倝俱倡倊倰倚倥倸倒倚倗倥倸 們倡倉倉倹倝倒倴個"
"倉倹倝倒倴個?" 倛倕値倗倰俹倥倒俷倅俷俷俷 "俷倡倹倉..."
"倌們俸倠倳倛倹倎倥倸 20 倕倹倢倉倄倝倕倕倢倓值 (個倓倠們倢倃 680 倕倹倢倉倊倢倇)"
倰俴倓倹俷!
倅倠倰俱倥倒倊倳倉們倧倝倰倚倥倸倒倚倗倥倸倓倸倗俷倕俷倎倧倹倉
俻倩倛倗倸倢倉俹値俷倚倣倕倡俱倉倹倣
倛倕値倗倰俹倥倒俷倅俷倉倡倸俷倅倡倗倱俲倷俷倇倧倸倝 倰倛們倧倝倉倲倄倉倏倹倢倌倸倢俱倕倢俷倗倡倉倱倚俱倶
20 倕倹倢倉... 倄倝倕倕倢倓值?
倴們倸倳俺倸倰俷値倉倛倒倗倉倉倠 倄倝倕倕倢倓值!
"倉倠... 倉倹倝俷倰俻倥倸倒... 俴倨倃倎倩倄俸倓値俷倰倛倓倝?" 倰倚倥倒俷倛倕値倗倰俹倥倒俷倅俷倚倡倸倉俸倉俴倨們倴們倸倝倒倩倸
"俸倓値俷俴倓倡倊" 倰俻倥倸倒倅俷個倓倠倚倢倉們倧倝倗倢俷倊倉倲倅债倠 倇倸倢倇倢俷倚倨俲倨們 "倱倅倸倌們們倥倰俷倧倸倝倉倴俲"
"倰俺値俽倗倸倢們倢! 俸倠倰倝倢俱倥倸倰個倝倓值倰俻倷倉倅值? 俸倠倚倸俷俴倉們倢俴倨們俱倢倓倰俷値倉倴倛們? 倴倄倹倛們倄!" 倛倕値倗倰俹倥倒俷倅俷倱倇倊俸倠們倝倊俱倢倒倆倗倢倒俺倥倗値倅
"倛倨倹倉 倌們俲倝 40%"
倰俻倥倸倒倅俷倒倧倸倉俲倹倝倰倚倉倝 "倱倅倸倚値倇倈値值俱倢倓倊倓値倛倢倓 倱倕倠倚値倇倈値值俱倢倓倅倡倄倚値倉倳俸 (Voting Rights) 倒倡俷倰個倷倉俲倝俷倎倥倸 倌們俸倠倴們倸倚倸俷俴倉倰俲倹倢倴個俱倹倢倗俱倸倢倒俱倢倓倊倓値倛倢倓 倒俱倰倗倹倉倎倥倸俸倠俲倝俴倗倢們俺倸倗倒倰倛倕倧倝"
"倌們倕俷倇倨倉倳倉俴倉 倴們倸倴倄倹倕俷倇倨倉倳倉倅倦俱 倌們倰俺倧倸倝倳俸倎倥倸倛倕値倗"
倉倹倣倅倢俲倝俷倕倩俱倌倩倹俺倢倒倴倛倕倝倝俱們倢俸倢俱倛倢俷倅倢俲倝俷倛倕値倗倰俹倥倒俷倅俷
倳倉俺倸倗俷倰倗倕倢倇倥倸們倧倄們倉倇倥倸倚倨倄 們倥俴倉俴倉倛倉倦倸俷倰倄値倉倰俲倹倢們倢 倗倢俷倰俷値倉俱倹倝倉倲倅倅倓俷倛倉倹倢 倱倕倹倗倊倝俱倗倸倢 "倌們倰俺倧倸倝倳俸俴倨倃"
俴倗倢們倓倩倹倚倦俱倉倥倹 們倡倉倒値倸俷倳倛俽倸俱倗倸倢倰俷値倉 20 倕倹倢倉倄倝倕倕倢倓值倰倚倥倒倝倥俱
"俲倝倊俴倨倃俴倓倡倊!" 倛倕値倗倰俹倥倒俷倅俷倕倨俱俲倦倹倉倒倧倉 倲俴倹俷俴倣倉倡倊 "倌們俸倠倴們倸倇倣倳倛倹俴倨倃倌値倄倛倗倡俷! 倌們倚倢倊倢倉!"
倰倚倥倸倒倚倗倥倸們倝俷倐倢倎倅倓俷倛倉倹倢 倝倹倢個倢俱俴倹倢俷
倰俲倢倰倎値倸俷倰倛倷倉俱倢倓俱倣倰倉値倄俲倝俷倎倡倉倈們値倅倓倒倡俱候值倳倛俽倸 倛倓倧倝倴們倸俱倷... 俱倢倓倅倣倉倹倣倎倓値俱倕倠倕倢倒倱們倸倉倹倣俴倓倡倹俷們倲倛倜倢倓倇倥倸倚倨倄倳倉個倓倠倗倡倅値倘倢倚倅倓值
倱倅倸倴們倸倗倸倢俸倠倰個倷倉倱倊倊倴倛倉 倰倄倷俱倛倉倨倸們倇倥倸俺倧倸倝倰俻倥倸倒倅俷俴倉倉倥倹... 倳俸倆倦俷俸倉倉倸倢俱倕倡倗