
股票大作手回憶錄散戶重譯版(131)
股票大作手回憶錄原文第161段
原文(161):
Disregarding the big swing and trying to jump in and out was fatal to me.Nobody can catch all the fluctuations.In a bull market your game is to buy and hold until you believe that the bull market is near its end.To do this you must study general conditions and not tips or special factors affecting individual stocks.Then get out of all your stocks;get out for keeps!Wait until you see—or if you prefer,until you think you see—the turn of the market;the beginning of a reversal of general conditions.You have to use your brains and your vision to do this;otherwise my advice would be as idiotic as to tell you to buy cheap and sell dear.One of the most helpful things that anybody can learn is to give up trying to catch the last eighth—or the first.These two are the most expensive eighths in the world.They have cost stock traders,in the aggregate,enough millions of dollars to build a concrete highway across the continent.
其他版本譯文(161):
不理會股市大的波動,光想著搶進搶出,是我的病灶所在。沒人能夠抓住所有的波動,在牛市,你要做的就是買進和攥在手里,堅持到你相信漲勢快停的時候。想做到這一點,必須要搞清楚整體形勢,并非只抓內(nèi)幕消息和影響個股的特殊因素。你要忘掉你所有的股票,永遠忘掉!一直到股市逆轉(zhuǎn),新一輪的走勢就要到了為止。你必須要讓你的頭腦和觀察判斷能力發(fā)揮作用,不然我告訴你的這些就像低買高賣一樣無意義。誰都該學會不要試圖最后一刻賣出或第一時間買進,這兩個時段太貴了,它們讓很多股友的千百萬美元葬送在了股海里,這些錢多到能建造一條橫跨美洲的公路了。
我的譯文(161):
沒有人能夠抓住所有的波動,對我來說最致命的就是,無視大的波動,而去頻繁交易那些小的波動。
在牛市,你最該做的就是買進并持有,直到你確信牛市接近尾聲,然后拋掉你所有的股票,保持空倉,不要亂動,直到你看見市場反轉(zhuǎn),更確切的說,是你認為你看見的就是市場的反轉(zhuǎn)點。 而想要做到這些,你必須研究總體態(tài)勢, 而不是內(nèi)幕消息或影響個股的個別因素。
當然反轉(zhuǎn)點的確定,需要你的頭腦與洞察力,我如果只跟你說:秘訣就是低買高賣,那這就是一句愚蠢而正確的廢話。
在眾多有用的經(jīng)驗中,我可以告訴你一個,任何人都能學會,那就是,無論牛市還是熊市,最初的八分之一段行情,與最終的八分之一段行情,如果你非要介入,那你將為此付出高昂的代價,股票交易者們?yōu)榇硕鴵p失的金錢,加總起來,足夠拿出數(shù)百萬美元,用混凝土修一條橫穿我們這個大陸的公路了。