经过近几年来股市的不断洗涤,原先被广泛追随和响应的价值投资已经边缘化,趋势交易和波段操作大行其道,即使是大型投资机构也往往热衷于这类高频操作。那么,今后在博弈特征明显的市场当中,价值投资还有多少胜算呢?下面就从“选股”和“择时”两方面展开讨论,比较价值投资与技术流派(笔者将各类遵从技术指标的投资者统称为“技术流派”)的操作有效性和可行性,以供投资者参考。 After the stock market has been washed down in recent years, the value investments that have been widely followed and responded to have been marginalized, trend trading and band operations are popular. Even large investment institutions tend to be keen on such high-frequency operations. So in the future in the market characteristics of the game which obvious characteristics, the value of investment there is more than the odds? The following from the “stock selection” and “timing” two aspects of the discussion, comparing the value of investment and technology schools (I will each Class compliance with technical indicators of investors collectively referred to as “Technology School ”) the operation of the effectiveness and feasibility for investors reference.