One common investment fallacy is to think that just because a company or country is growing fast, it is bound to deliver strong returns. The other half of any investment decision has to be valuation; if everyone can see the growth, strong returns will be history.
一個常見的投資謬論是，僅僅因為一個公司或國家在快速增長，就認(rèn)為必定會帶來強(qiáng)勁回報。任何投資決策的另一半必須是估值；如果所有人都能看到增長，那么強(qiáng)勁回報就將成為歷史。
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