乐生活This interpretation of "value investment" can be said to be a very carving boat for the sword, to catch the sea. Such a static understanding of the intrinsic value, the margin of safety and the moat, rather than a longer-term, more dynamic thinking about these issues, what investment philosophy will "turn treasure into waste"…![[doge]](https://www.qd1024.com/igx_h5/m/emoticon/icon/others/d_doge-861403219c.png){kind=icon}
This interpretation of value investment can be said to be very critical.
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