The bottom-up or stock picking approach believes in finding stocks that are undervalued which can provide superior returns irrespective of the market and industry factors. The company effect is the dominant factor in determining stock return.

 
  • 而從下至上的選擇股票方式,無(wú)視市場(chǎng)和行業(yè)因素,重點(diǎn)是選擇市值低于估值的股票,認為公司本身是決定回報的最重要因素。
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