Trending on TikTok

Buldak

Sunscreen

Sanrio

English

{{sellerTotalView > 1 ? __("sellers", {number: sellerTotalView}) : __("seller", {number: sellerTotalView}) }}, {{numTotalView > 1 ? __("items", {number: numTotalView}) : __("item", {number: numTotalView}) }}

View Cart & Check Out

Nickname

Let us know how to properly address you.

Update Your Name

xxxxxxx@yamibuy.com

Account Orders Favorites

Points 0

Coupons 0

Gift Card Balance $0.00

Sign Out

Change Your Zip Code

Inventory information and delivery speeds may vary for different locations.

Location History

We will notify you by email when the item back in stock.

Your email: {{remindEmail}}

Cancel

Jingdong book

超越专业投资：一位业余投资者的股市获利之道

View Cart & Check Out

{{buttonTypePin == 3 ? __("Scan to view more PinGo") : __("Scan to start")}}

Books Finance & Investment Investment

Jingdong book

超越专业投资：一位业余投资者的股市获利之道

Name: 超越专业投资：一位业余投资者的股市获利之道
Brand: Jingdong book
SKU: 3111007161
Price: 31.58 USD
Availability: OutOfStock

{{__(":people-members", {'people': item.limit_people_count})}} {{ itemCurrency }}{{ item.valid_price }} {{ itemCurrency }}{{ item.invalid_price }} {{ itemDiscount }}

Ends in

{{ itemCurrency }}{{ priceFormat(item.valid_price / item.bundle_specification) }}/{{ item.unit }}

{{ itemCurrency }}{{ item.valid_price }} {{ itemCurrency }}{{ priceFormat(item.valid_price / item.bundle_specification) }}/{{ item.unit }} {{ itemCurrency }}{{ item.invalid_price }} {{itemDiscount}}

Sale ends in

Sale will starts after Sale ends in

{{ __( "Pay with Gift Card to get sale price: :itemCurrency:price", { 'itemCurrency' : itemCurrency, 'price' : (item.giftcard_price ? priceFormat(item.giftcard_price) : '0.00') } ) }} ({{ itemCurrency }}{{ priceFormat(item.giftcard_price / item.bundle_specification) }}/{{ item.unit }}) Details

Best before

Currently unavailable.

We don't know when or if this item will be back in stock.

Unavailable in your area.

Sold Out

Details

Full product details

Editer Recommend

※一种另类的价值投资观

※以“专业化”对抗“情绪化”

※详解套利、动态再平衡和配对等专业手段

※分享获取长期30%年化收益率的方法

Content Description

在大部分人眼里，价值投资就是与基本面打交道，既要善于分析宏观、中观和微观经济，又要精通财务报表的解读，目的是评估出企业的内在价值和找出投资目标的安全边际。

作者对传统的价值投资观点和方法给出了自己的解读，同时，在套利、动态再平衡和配对等量化交易模式上寻找突破口，最终总结出了较为独特的价值投资方法，取得了超过许多专业人士的投资业绩。

Author Description

臧蔚，十年前开始进入证券市场，历经多次失败后，最终选择了价值投资理念。受专业所限，在分析宏观经济、行业和企业等方面的问题时，总感觉与专业人士有一定差距。为弥补这个短板，在加强相关知识储备的同时，刻苦钻研如何运用机械的套利、动态再平衡和配对等量化交易方法来获利，形成了较另类的价值投资观。

Catalogue

第一章证券投资的五种武器1

第一节天使与魔鬼——股票和融资融券3

第二节证券中的“灰姑娘”——债券和正回购17

第三节黄世仁与杨白劳——分级基金A与B33

第四节皇冠上的钻石——可转债50

第五节潘多拉的魔盒——期货和期权64

第二章宏观经济、行业与企业该如何分析81

第一节宏观经济分析重点83

第二节行业分析重点96

第三节好企业与好价格108

第三章财务报表要这样读123

第一节读懂资产负债表125

第二节读懂利润表和现金流量表141

第三节读懂财报的其他科目155

第四节财务造假与财务分析常用手法170

第四章交易模式的选择185

第一节无风险交易模式——收益有些低187

第二节低风险交易模式——学会套利201

第三节ETF与动态再平衡——权衡风险与收益219

第四节配对交易——风险对冲236

第五节价值投资理念与规划——交易之道246

第五章正确认识趋势交易（暨程序化交易）253

第一节解读趋势交易原则255

第二节详解海龟法则268

第三节构建自己的趋势交易系统282

Book Abstract

第四节配对交易——风险对冲

ETF分散与再平衡

ETF折价交易

虽然ETF动态再平衡和定投策略的长期收益率都不错，但能不能像封闭式基金折价一样，用打折的同类证券来替代持有ETF类资产，就能再享受折价，使收益率更高呢？

·股指期货合约替代ETF

期指合约由于受自身供求关系的影响，价格不可能与现货指数完全同步，大多数时间小幅升水，也偶尔会贴水，这个千载难逢的机会对长期持有ETF的投资者来说简直就是免费午餐。

比如，某个期指合约价格相对于现货指数贴水5%，那么到交割日双方价格必然一致，吃到这个折价率后，要么远期合约还有一定程度的贴水就继续换仓，要么贴水消失就平仓换回原来的ETF。用期指合约替代ETF唯一需要的注意就是：将期指合约和ETF对应的资金量计算清楚，剩余的购买不了1手期指合约的资金还是只能持有ETF。

极端实战案例：2015年7月8日，中证500股指期货“IC1507”合约为5957点，现货指数为6602点，贴水9.8%，至7月17日交割日吃到折价后，“IC1508”合约仍然贴水6.5%，移仓至IC1508继续吃折价；至8月21日交割日吃到折价后，“IC1509”合约仍然贴水6.9%，移仓至IC1509继续吃折价；至9月18日交割日吃到折价后，“IC1510”合约贴水只有1.2%，放弃移仓期指改回持有ETF，2个月零10天共吃到23.2%的折价率。

·分级基金替代ETF

如果有些分级基金的母基金与您长期持有的ETF跟踪同一指数，就能以母基金替代ETF进行套利。分级基金的底仓折、溢价套利无风险，因此可以用母基金和分级基金A+B代替ETF进行套利。

比如长期持有深指ETF，现在以“母基金‘申万深成’（163109）占50%+‘深成指A’（150022）占25%+‘深成指B’（150023）占25%”替代，由于无法判断以后分级基金A+B到底是折价还是溢价，故母基金与分级基金A+B各占50%。

（1）分级基金出现溢价，就是深成指A+深成指B>申万深成×2，收盘前进行溢价套利：按市场价卖出分级基金A+B，再将母基金申万深成拆分成深成指A与深成指B，最后用卖出深成指A和深成指B得到的资金申购母基金，如此折腾后第二天仍然持有的底仓为：母基金50%+深成指A 25%+深成指B 25%，但无风险套利已将溢价的银子收入囊中。

（2）分级基金出现折价，就是深成指A+深成指B<申万深成×2，收盘前进行折价套利：按市场价买入深成指A和深成指B，再将原先持有的底仓深成指A和深成指B合并成母基金，最后赎回底仓的母基金，第二天仍然持有的底仓为：母基金50%+深成指A 25%+深成指B 25%，当然折价的银子也顺便笑纳。

套利要点：（1）以临近收盘时的折（溢）价率为标准，原因是母基金每天只有收盘后才公布净值；（2）扣除母基金申购、赎回和分级基金A、B的交易成本后要有1%以上的套利空间，并注意交易时对手盘的流动性；（3）折价套利要有备用资金先买入分级基金A和分级基金B，溢价套利则不需要；（4）尽可能选择没有下折条款的分级基金，比如母基金“H股分级”（161831），可以不受下折影响长期持有，否则下折后多余的分级基金A将变成母基金，份额比例变化后还要重新调整；（5）千万别藐视这1%的套利利润，如果每月有1次机会，相当于增加总资金0.5%的收益率，1年的额外收益率就有6%。

Introduction

Specifications

Brand

Jingdong book

Brand Origin

China

Disclaimer

Product packaging, specifications and price are subject to change without notice. All information about the products on our website is provided for information purposes only. Please always read labels, warnings and directions provided with the product before use.

View Full Terms of Use

Scan to Share

Add to favorites

{{ $isZh ? coupon.coupon_name_sub : coupon.coupon_ename_sub | formatCurrency }}

Clip coupons

Quantity

{{buttonTypePin == 3 ? __("Scan to view more PinGo") : __("Scan to start")}}

Sold by JD@CHINA

Ship to

Free shipping over 69

Genuine guarantee

View details

Region

Added to Cart

Keep Shopping

More to Consider

Coupons

Clip Clipped Over

Expires soon {{ formatTime(coupon.use_end_time) }}

Share this item with friends

Cancel

Yami Gift Card

Get this exclusive deal when paying with gift card

Terms and Conditions

Gift card deals are special offers for selected products;

The gift card deals will automatically be activated if a customer uses gift card balance at check out and the balance is sufficient to pay for the total price of the shopping cart products with gift card deals;

You will not be able to activate the gift card deals if you choose other payment methods besides gift card. The products will be purchased at their normal prices;

If your account balance is not enough to pay for the products with gift card deals, you can choose to reload your gift card balance by clicking on the Reload button at either shopping cart page or check out page;

Products that have gift card deals can be recognized by a special symbol showing 'GC Deal';

For any additional questions or concerns, please contact our customer service;

Yamibuy reserves the right of final interpretation.

Sold by Yami

Service Guarantee

Free Shipping over $49

Easy Returns

Ships from United States

Shipping

United States

Standard Shipping is $5.99 (Excluding Alaska & Hawaii). Free on orders of $49 or more.

Local Express is $5.99 (Available in Parts of CA, NJ, MA & PA). Free on orders of $49 or more.

2-Day Express (Includes Alaska & Hawaii) starts at $19.99.

Return Policy

Yami is committed to provide our customers with a peace of mind when purchasing from us. Most items shipped from Yamibuy.com can be returned within 30 days of receipt of shipment (For Food, Beverages, Snacks, Dry Goods, Health supplements, Fresh Grocery and Perishables Goods, within 7 days of receipt of shipment due to damages or quality issues; To ensure that every customer receives safe and high-quality products, we do not provide refunds or returns for beauty products once they have been opened or used, except in the case of quality issues; Some products may have different policies or requirements associated with them, please see below for products under special categories, or contact Yami Customer Service for further assistance).
Thank you for your understanding and support.

Learn More

Sold by Yami

Terms and Conditions of Yami E-Gift Card

If you choose “Redeem automatically” as your delivery method, your gift card balance will be reload automatically after your order has been processed successfully;

If you choose “Send to Email”as your delivery method, the card number and CVV will be sent to the email address automatically;

Any user can use the card number and CVV to redeem the gift card, please keep your gift card information safely. If you have any trouble receiving email, please contact Yami customer service;

Yami gift card can be used to purchase both Yami owned or Marketplace products;

Yami gift card will never expire;

Yami gift card balance does not have to be used up at once;

Return Policy

Gift card that has already been consumed is non-refundable.

Sold by JD@CHINA

Fulfilled by Yami

Service Guarantee

Free Shipping over $49

Easy Returns

Ships from United States

Shipping

United States

Standard Shipping is $5.99 (Excluding Alaska & Hawaii). Free on orders of $49 or more.

Local Express is $5.99 (Available in Parts of CA, NJ, MA & PA). Free on orders of $49 or more.

2-Day Express (Includes Alaska & Hawaii) starts at $19.99.

Return Policy

You may return product within 30 days upon receiving the product. Items returned must be new in it's original packing, including the original invoice for the purchase. Customer return product at their own expense.

Sold by JD@CHINA

Yami-China FC

Service Guarantee

Cross-store Free Shipping over $69

30-days Return

Yami-China FC

Yami has a consolidation warehouse in China which collects multiple sellers’ packages and combines to one order. Our Yami consolidation warehouse will directly ship the packages to your door. Cross-store free shipping over $69.

Return Policy

You may return products within 30 days upon receiving the products. Sellers take responsibilities for any wrong shipment or missing items. Packing needs to be unopened for any other than quality issues return. We promise to pack carefully, but because goods are taking long journey to destinations, simple damages to packaging may occur. Any damages not causing internal goods quality problems are not allowed to return. If you open the package and any quality problem is found, please contact customer service within three days after receipt of goods.

Shipping Information

Yami Consolidation Service Shipping Fee $9.99(Free shipping over $69)

Sellers in China will ship their orders within 1-2 business days once the order is placed. Packages are sent to our consolidation warehouse in China and combined there. Our Yami consolidation warehouse will directly ship the packages to you via UPS. The average time for UPS to ship from China to the United States is about 10 working days and it can be traced using the tracking number. Due to the pandemic, the delivery time may be delayed by about 5 days. The package needs to be signed by the guest. If the receipt is not signed, the customer shall bear the risk of loss of the package.

Sold by JD@CHINA

Service Guarantee

Free shipping over 69

Genuine guarantee

Shipping

Yami Consolidated Shipping $9.99(Free shipping over $69)

Seller will ship the orders within 1-2 business days. The logistics time limit is expected to be 7-15 working days. In case of customs clearance, the delivery time will be extended by 3-7 days. The final receipt date is subject to the information of the postal company.

Yami Points information

All items are excluding from any promotion or points events on Yamibuy.com

Return Policy

Download the Yami App

Feedback

Back Top

Reviews{{'('+ commentList.posts_count + ')'}}

Have your say. Be the first to help other guests.

Write a review

{{i}} star

{{i}} stars

{{ parseInt(commentRatingList[i]) }}%

{{ showTranslate(comment) }}Show Less

{{ strLimit(comment,800) }}Show more

Show Original

Show All

{{ formatTime(comment.in_dtm) }} VERIFIED PURCHASE {{groupData}}

{{ comment.likes_count }} {{ comment.likes_count }} {{ comment.reply_count }} {{comment.in_user==uid ? __('Delete') : __('Report')}}

{{ showTranslate(comment) }}Show Less

{{ strLimit(comment,800) }}Show more

Show Original

Show All

{{ formatTime(comment.in_dtm) }} VERIFIED PURCHASE {{groupData}}

{{ comment.likes_count }} {{ comment.likes_count }} {{ comment.reply_count }} {{comment.in_user==uid ? __('Delete') : __('Report')}}

No related comment~

Load more reviews

Review

{{ showTranslate(commentDetails) }}Show Less

{{ strLimit(commentDetails,800) }}Show more

Show Original

Show All

{{ formatTime(commentDetails.in_dtm) }} VERIFIED PURCHASE {{groupData}}

Please write at least one word

Comments{{'(' + replyList.length + ')'}}