问题：
- 还有哪几家厂生产空调？
- 为什么电视机不能像空调一样有利润？
- 以前的春兰空调是怎么倒闭的？
- 空调的海外市场有哪些竞争对手？
- 有哪些小家电是有利可图的？
- 大金空调的技术优势？
- 我家的空调是什么牌子？
品类
- 空调。
- 冰箱
- 洗衣机
- 厨电。
- 油烟机。
- 烘烤炉。
Categories
Month: April 2018
- Great Business：60-70%
- Understandable
- Moat: durable competitive strengths
- able and high-grade management
- 厚厚的雪: good returns on the net tangible assets required to operate the business
- 长长的坡: opportunities for internal growth at attractive returns
- at a fair price
- Cigar Butt：20%
- Momentum，news，high Tech： 10%
- Cash Level：
- market depression: <0 or 0 [borrow less than 30%]
- P/E above average X%: X/2%
- No good investments: prepare the washtubs
- Sell points
- Great businesses: sell 50% when the valuation is 50% (30% for 20%); or move around
- Cigar Butt: sell all when its price reaches fair value.
- Momentum: depends on conditions; flexible, adjust frequently
- Prepare the washtubs
- Bonds
- Real estate
- Circle of competence [能力圈]
- 电器[格力，美的，老板，苏泊尔]
- 白酒[]
- 游戏[]
- 保险[?]
- 银行[?]
- 医药[?]