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时间是优秀企业的朋友,平庸企业的敌人”。业绩不增长的平庸企业,或者业绩下滑的烂企业,必须要用非常便宜的价格买入,而且越是随着时间推移,形势对烂企业越不利。对于业绩不断增长甚至高速增长的优秀企业、伟大企业,以合理价格买入,买入成本等于甚至略微大于当前现金流折现值,随着时间推移,内在价值的增长依然会带来不错的回报

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