喬爾·格林布拉特 (Joel Greenblatt) 在《股市穩賺》(The Little Book That Beats the Market)一書中公布了他的“神奇公式”: 從所有非公用事業或金融服務公司中,選擇資本回報率與收益率綜合排名最高的公司。喬爾·格林布拉特的往期業績證明了神奇公式選出的股可以得到極高的長期回報。
神奇公式策略參考的兩個重要指標
1. 收益率
2. 資本回報率
神奇公式用資本回報率參數來保證只選擇高質量的公司,用收益率來保證只選擇估值合理的公司。用這兩個指標分別對公司進行排名后,整體排名最高的公司就是最好的投資選擇。但這種方法不適合公共事業或金融服務公司,所以這個策略對行業進行了限制。
如何按照神奇公式策略投資
1. 選擇排名最前的25個股票
2. 把要投入的資金以同等的比重(4%)投入每個股票
3. 任何時候開始都可以,每年年初更新一次
貴州茅臺 |
¥1591.18
|
¥19,988.37億
|
6.37%
|
409.35%
|
19.90%
|
15.30%
|
22.46
|
3.44%
|
-
| |||
中國移動 |
¥113.99
|
¥17,068.43億
|
12.84%
|
21.15%
|
3.10%
|
2.30%
|
17.65
|
4.00%
|
-
| |||
中國石油 |
¥8.10
|
¥14,316.20億
|
15.53%
|
15.96%
|
6.00%
|
11.30%
|
8.94
|
5.56%
|
-
| |||
比亞迪 |
¥363.22
|
¥11,003.80億
|
5.77%
|
19.69%
|
25.30%
|
54.10%
|
23.60
|
0.85%
|
-
| |||
寧德時代 |
¥248.27
| N/A |
¥10,932.31億
|
7.91%
|
49.21%
|
--
|
59.00%
|
20.08
|
1.83%
|
-
| ||
中國神華 |
¥38.84
|
¥7,364.43億
|
12.20%
|
28.68%
|
4.90%
|
6.60%
|
13.77
|
5.82%
|
-
| |||
美的集團 |
¥75.80
|
¥5,778.09億
|
10.37%
|
130.06%
|
10.90%
|
9.00%
|
13.21
|
3.96%
|
-
| |||
五糧液 |
¥131.58
|
¥5,107.42億
|
11.98%
|
337.57%
|
20.40%
|
14.10%
|
15.63
|
5.51%
|
-
| |||
紫金礦業 |
¥17.65
|
¥4,600.98億
|
9.49%
|
37.26%
|
23.60%
|
31.20%
|
13.19
|
1.70%
|
-
| |||
工業富聯 |
¥18.69
| N/A |
¥3,711.62億
|
8.30%
|
29.22%
|
--
|
8.20%
|
15.32
|
3.10%
|
-
| ||
恒瑞醫藥 |
¥52.81
|
¥3,368.75億
|
2.54%
|
62.20%
|
10.80%
|
-0.30%
|
48.45
|
0.38%
|
-
| |||
海光信息 |
¥143.88
| N/A |
¥3,344.26億
|
0.95%
|
49.34%
|
--
|
110.80%
|
154.71
|
0.08%
|
-
| ||
京滬高鐵 |
¥5.96
| N/A |
¥2,926.75億
|
5.36%
|
8.80%
|
--
|
3.90%
|
23.01
|
1.87%
|
-
| ||
寒武紀 |
¥700.00
| N/A |
¥2,922.20億
|
0.04%
|
5.44%
|
--
|
19.70%
|
2,333.33
|
--
|
-
| ||
邁瑞醫療 |
¥224.00
|
¥2,715.87億
|
4.79%
|
131.88%
|
27.00%
|
20.50%
|
24.37
|
3.22%
|
-
| |||
海康威視 |
¥28.65
|
¥2,645.31億
|
5.91%
|
31.72%
|
12.00%
|
2.20%
|
21.85
|
3.14%
|
-
| |||
格力電器 |
¥47.00
|
¥2,632.66億
|
19.53%
|
98.19%
|
10.50%
|
10.00%
|
7.77
|
5.06%
|
-
| |||
山西汾酒 |
¥203.32
|
¥2,480.43億
|
7.03%
|
84.98%
|
42.90%
|
43.50%
|
19.63
|
3.36%
|
-
| |||
海天味業 |
¥42.40
|
¥2,357.69億
|
3.79%
|
122.32%
|
13.00%
|
2.50%
|
35.63
|
1.56%
|
-
| |||
北方華創 |
¥440.85
|
¥2,354.91億
|
2.99%
|
44.56%
|
39.80%
|
56.40%
|
38.78
|
0.18%
|
-
| |||
立訊精密 |
¥32.08
|
¥2,324.96億
|
6.59%
|
27.17%
|
38.80%
|
30.40%
|
16.62
|
0.93%
|
-
| |||
海爾智家 |
¥25.39
|
¥2,313.51億
|
11.67%
|
60.19%
|
7.90%
|
3.40%
|
12.15
|
3.16%
|
-
| |||
中國建筑 |
¥5.56
|
¥2,297.41億
|
9.27%
|
157.16%
|
9.70%
|
3.60%
|
5.01
|
4.88%
|
-
| |||
順豐控股 |
¥43.67
|
¥2,166.67億
|
6.85%
|
23.15%
|
30.80%
|
20.90%
|
20.12
|
2.29%
|
-
| |||
牧原股份 |
¥39.42
|
¥2,153.42億
|
10.11%
|
22.87%
|
47.10%
|
10.50%
|
8.76
|
2.12%
|
-
| |||
賽力斯 |
¥128.36
|
¥2,096.59億
|
3.29%
|
45.47%
|
--
|
--
|
29.92
|
0.26%
|
-
| |||
上汽集團 |
¥16.55
|
¥1,915.71億
|
6.71%
|
11.68%
|
-3.50%
|
-8.70%
|
97.93
|
2.24%
|
-
| |||
陜西煤業 |
¥19.57
|
¥1,897.31億
|
20.49%
|
42.66%
|
32.00%
|
19.80%
|
8.49
|
7.80%
|
-
| |||
伊利股份 |
¥29.52
|
¥1,879.21億
|
4.82%
|
26.51%
|
10.40%
|
10.40%
|
25.23
|
4.07%
|
-
| |||
匯川技術 |
¥69.47
|
¥1,872.40億
|
2.82%
|
70.28%
|
22.80%
|
29.80%
|
38.81
|
0.65%
|
-
| |||
瀘州老窖 |
¥126.36
|
¥1,859.96億
|
11.47%
|
138.36%
|
30.40%
|
26.30%
|
13.75
|
5.35%
|
-
| |||
國電南瑞 |
¥22.89
|
¥1,838.55億
|
5.62%
|
46.59%
|
13.50%
|
12.30%
|
23.60
|
2.95%
|
-
| |||
萬華化學 |
¥54.89
|
¥1,723.41億
|
6.58%
|
10.23%
|
18.30%
|
14.10%
|
14.42
|
0.95%
|
-
| |||
金龍魚 |
¥31.42
| N/A |
¥1,703.46億
|
3.24%
|
7.04%
|
--
|
-8.50%
|
65.46
|
0.35%
|
-
| ||
中國聯通 |
¥5.43
|
¥1,697.66億
|
6.98%
|
6.61%
|
-2.40%
|
1.10%
|
18.28
|
2.73%
|
-
| |||
藥明康德 |
¥59.06
|
¥1,697.29億
|
9.12%
|
47.15%
|
30.50%
|
37.00%
|
15.22
|
1.68%
|
-
| |||
三一重工 |
¥19.72
|
¥1,671.27億
|
5.54%
|
20.20%
|
14.00%
|
-13.30%
|
24.32
|
1.12%
|
-
| |||
韋爾股份 |
¥130.74
|
¥1,591.04億
|
2.52%
|
35.38%
|
33.80%
|
3.70%
|
44.17
|
0.26%
|
-
| |||
寶鋼股份 |
¥6.93
|
¥1,518.27億
|
5.63%
|
6.77%
|
3.50%
|
-3.10%
|
19.25
|
4.47%
|
-
| |||
中興通訊 |
¥32.51
|
¥1,467.81億
|
7.97%
|
57.10%
|
--
|
8.00%
|
19.12
|
1.90%
|
-
|