| : Ʈȿ Ż īڽ ° å ġ 6(The 6 Commandments of Value Investing)" 5 Ұ Դϴ.
* ó: Ż īڽ(Vitaliy Katsenelson), IMA CEO, " ġ: Ÿֿ̹ ġ , The 6 Commandments of Value Investing - #5: Risk is a permanent loss of capital (not volatility), https://contrarianedge.com/the-6-commandments-of-value-investing/
Ϲ ũ , ġ ð ٸ. 츮 ġڵ ģ ϸ װ ȰϷ Ѵ. м ʴ ְ ϶ װ Ͻ ϶ ϶ . ᱹ, ġ 簡ġ ƴ϶ ȣ ָϰ, ְ ȭ ֵѸ ȴ. * ó: Ż īڽ(Vitaliy Katsenelson), IMA CEO, " ġ: Ÿֿ̹ ġ , The 6 Commandments of Value Investing - #5: Risk is a permanent loss of capital (not volatility), https://contrarianedge.com/the-6-commandments-of-value-investing/
ġ ˸ ְ ȭ ƴ϶ 簡ġ ȭ ߿. ̶ ְ ģ ǰ, 簡ġ ְ ̸ ̿ ְ ȴ. ְ 簡ġ żϰ(̹ ϰ ִٸ ߰ żϰ), ݴ ŵѴ.
ٸ ġ ΰ? 簡ġ Ǵϱ ؼ (art) (science), ʿϴ. 簡ġ 忡 ȣǴ ƴϴ. 簡ġ ϴ ҳ Ƶ μ Ϸ ϴ ϴ.
ü м ٸ, ٽ (ּ 10) ش ֵ鿡 帧 , ( ͷ¿ 꿡 Ͽ) ̷ġ ϴ ̴. 츮 뷫 簡ġ ִ.
̿ 츮 츮 ڿýۿ ùٸ ũм Ű ߴ. 츮 ϴ ־, ǥ ߿ϰ ǥ ߿ ־. 츮 Ʈ Ʈ ־. 츮 鸸 ƴ϶ ð ִ. ̸ м ¡ õ ϴ ̴. 츮 ˷ ũ Ӹ ƴ϶ ˷ ũ . ũ 帧 ġ 跮ȭѴ.
м ¡ õ ġ ؾ ( ؾ ) Ǵϴ ȴ. ̷ ġ ν 츮 ż ϰ ȴ. Ϲ 츮 żϴ ֽĿ (ּ) ۼƮ Ϸ Ѵ.
, ǰ̳ ϰ ִ м ̶, 츮 ȹ 캻. 츮 ٽ ǥ мѴ. м - ̶ ⸧ Ǹŷ ǸŴ Ѵ. äȸ, , ߱, ߱ Ѵ. ȸ, ֿ ǸǾǰ Ȯϰ Ư ȸ翡 غ. Ϲ Ư Ǹ ش ǰ 80-90% ϶Ѵ.
̷ ϴ ش.
츮 ϴµ, ù° ̸ Ź (tablecloth model)"̴. ߴ ſ ϰ ̴. Ѵٴ ̴.
츮 Ų (napkin model) . Ų ٽǥ ߴ ξ ܼϰ ̴. Ź ϴ Ų ϴ ͺ . Ų ٴ 츮 ֿ ϰ Ǿٴ , ߿ ˰ Ǿٴ ǹѴ.
̷ 츮 ո ϴ ֱ ߿ϴ. 츮 ֽ 翬 ϶ ִ. ̷ Ȱ м , ̹ , ̹ б, ƶ ǹ̸ . Ư б Ȥ 帧 츮 ȭŰ ʴ .
ġ ü ߰ IQ شȭϸ ְ Ұ ȴ. ո ̿ ְ, ٷ ģ ȴ. ˷ ̶ ִ. < 5 >
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