| Summary: | 碩士 === 逢甲大學 === 經營管理碩士在職專班 === 95 === The security market is one everybody knows very well and uses the investment channel utilized extensively, profit-making strength is not an easy thing that but make an investment in this market; And stock market investor mostly information provider under workshop, instruction consciously or unconsciously the lucrative only rule of the stock market, but will neglect and hold the stock of a company with the operator''s angle of a company. Stock inherent value and stock price often have a phenomenon deviated from among a short time. But congenial type stock investors often regard as a selling point and deal with by mistake , can obtain the good opportunity of the superprofit in loss that in vain. This research will use Benjamin Graham idea of value investment Principles: such as correct attitude , security margin and inherent value ,etc., combine Buffett''s unique opinion, and analyse with Potter''s fifth of strength as the tool , set up a set of screening ways based on law of investment of value, the stock which applies the listed company of Taiwan to is analysed and chosen, chooses to conform with the target of value investment from the listing stock, set up investment combination , verify the behavior performance of investment combination , and compare with the entire security market, Our goal is to create a stock selection process based on value investment.methods and to further analyze the selected companies to form a portfolio that.offers the best value. The closing prices on 1/2/2006 were used as our buying.price to examine the results until 1/2/2007, in order to understand that the ValueInvesting is used in the result on stock market of Taiwan , the result of study shows, compare Buffett value type select stocks way screened investment combination separately, compare with behavior of the whole performance of entire security market , find that Buffett''s value type selects stocks the application of the way in the platform burst is really feasible. The investment combination set up by it, can make investors enjoy the investment performance which is superior to the entire security market . The investment performance 54.7% higher than the entire security market index during the same period , the whole index superior to the entire security market behaves. Combine analysing that the course will be set up into a standard screening way finally. Hope that this can offer a tool that is easily understood to numerous investors to screen the way, set up proper capitalized method.
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