You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
今日論市 | 中國電動汽車股火熱之際,不妨想想巴菲特1999年的警告

文章來源:彭博

作者:謝曄

“藍色浪潮”題材的交易還沒徹底失去希望。儘管美國總統大選結果仍無定論,看上去,1月份可能會圍繞佐治亞州兩個參議院席位進行第二輪選舉,這有可能幫助民主黨奪過參議院控制權。彭博美元即期指數跌至兩年低點是因爲這個原因以及赤字上升前景嗎?也許吧。無論如何,美元疲軟利好新興市場,MSCI股市基準指數創下2018年以來高位。

週四表現更好的是太陽能和電動汽車股,因爲預期拜登政府將推動清潔能源的發展。中國電動汽車製造商蔚來汽車飆升12%,市值達到510億美元,超過了有着112年曆史的通用汽車。比亞迪在香港市場躥升16%,超越德國戴姆勒成爲全球第五大汽車製造商。 因爲中國當局推動減少污染,投資者押注該國電動汽車市場將迎來強勁增長。拜登獲勝可能性越來越大,更是增添了這種樂觀情緒

儘管一切都令人鼓舞,但沃倫·巴菲特1999年在互聯網泡沫破滅前夕警告非理性繁榮的那場著名演講值得回味。 巴菲特在愛達荷州太陽谷舉行的一次大會上表示,變革性技術未必能讓所有投資者賺錢,因爲挑選贏家非常困難。以汽車和航空業爲例。巴菲特提到自汽車問世以來,有至少2,000家大大小小的汽車製造商。到1990年代的時候,美國僅剩三家。而美國航空業自誕生至今,所有航空公司賺了多少錢呢?巴菲特揮舞着一份過去20年申請破產的129家航空公司名單說:“絕對是零。” “汽車來的時候你可能明白它的重要性,但仍然很難選出能爲你賺錢的公司,”他說道。

這並不是說像蔚來汽車、比亞迪和特斯拉之類的所有公司都沒有美好未來。但巴菲特20年前的這番警告放到今日仍振聾發聵,尤其是當投資者興高採烈向那些還沒盈利的公司撒錢的時候。

注:謝曄爲彭博撰稿;本文僅代表其個人觀點,不構成投資建議。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account