Zhong Ji_Practicing the true meaning of value investing 2020 edition

Author: Chong Kee Publisher: Bright Light Culture Book size: 150mm x 210mm Number of pages: 288 pages ISBN: 978-988-8605-70-5 Publication date: January 2020 【brief introduction】 This book is the 2020 edition of "The Essence of Value Investment in Practice". The author mentioned in the preface of the 2020 edition: "After the peak of 2017, the overall performance of Hong Kong stocks in 2018 and 2019 was unsatisfactory, which undoubtedly shook the confidence of some investors in value investment. When the stock market is down and confidence is shaken, the best thing is Through reading self-improvement, I hope that the book "The Essence of Value Investing in Practice" can become one of the financial books on investors' bookshelves, and I will read it out from time to time to consolidate my determination to implement value investing. When Zhong Ji wrote this book, he mentioned that "if you did not persist in the past, and record your personal research experience on different industries and listed companies through blog articles, I believe it will be difficult to write this rich content and cover many Hong Kong stocks. A practical financial book. Now that I have retired and left the job of stock investment, it has become impossible to write the same quality research experience. Therefore, I will especially cherish the many articles in the eighth chapter of this book "Research and stock selection". It also makes this book more worthy of collection." In the financial industry for more than 20 years, the author believes that to avoid becoming a "dim sum" of predators, investors must have a solid and suitable investment philosophy. Among the many investment sects, he feels that the "value investment method" advocated by "stock god" Buffett is the most logical and common sense, and is the most worthy of investors to learn. The concept of "value investment" is simple and easy to understand. It is mainly to buy high-quality stocks while they are low and hold them for a long time. "Low price" means that relative to the company's intrinsic value, investors have sufficient safe net. However, "value investing" is easy to understand and difficult to do. "The True Essence of Value Investing in Practice" uses multiple examples, including successful and failed investment cases, to make it easier for readers to grasp what is "value investing" and how to correctly assess the value of a company . Zhong Ji pointed out that the essence of "price investment" lies in strict discipline and overcoming short-term psychological pressure. As long as investors understand the true meaning of "value investment" and persevere, they will surely gain in the long run. 【About the Author】 Zhong Ji He has worked as a stock analyst and fund manager in many financial institutions, and an investment manager in a listed company in Hong Kong. He has been engaged in the financial industry for more than 20 years. He has a master's degree in business administration from the Chinese University of Hong Kong and is a Chartered Financial Analyst. ) And Fellowship of Chartered Certified Accountant (Fellowship of Chartered Certified Accountant).