One common investment fallacy is to think that just because a company or country is growing fast, it is bound to deliver strong returns. The other half of any investment decision has to be valuation; if everyone can see the growth, strong returns will be history.
一個常見的投資謬論是,僅僅因爲一個公司或國家在快速成長,就認爲必定會帶來強勁回報。任何投資決策的另一半必須是估值;如果所有人都能看到成長,那麼強勁回報就將成爲歷史。
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