对冲基金大鳄阿克曼：Meta与亚马逊是“便宜股票”，美股大盘估值也不高

环球市场播报07-21

美国对冲基金大额比尔·阿克曼近日透露，他正大举押注科技巨头Meta与亚马逊，并称两家企业均为 “具备长期复利增长能力的优质标的”。　　阿克曼表示，这两家行业龙头拥有稳定可预期的现金流与强大抗风险能力，足以作为高度集中化长期投资组合的核心持仓。　　阿克曼的潘兴广场基金专注于少数具备行业统治力的企业，这类公司能够经受时间与市场动荡的双重考验。　　阿克曼在最近一次采访中透露，其投资组合以高度集中...

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“具备长期复利增长能力的优质标的”。\n　　阿克曼表示，这两家行业龙头拥有稳定可预期的现金流与强大抗风险能力，足以作为高度集中化长期投资组合的核心持仓。\n　　阿克曼的潘兴广场基金专注于少数具备行业统治力的企业，这类公司能够经受时间与市场动荡的双重考验。\n　　阿克曼在最近一次采访中透露，其投资组合以高度集中著称，通常同时仅持有 12 至 15 只标的。他不会追逐当下热门的人工智能初创企业，也不依靠投机期权交易博取短期快钱，整套投资策略完全围绕收益可预测性与企业长期发展潜力展开。\n　　阿克曼解释道：“我们的投资思路，是挖掘我们眼中全球最优质的企业，那些能够经受住时间考验的公司。”\n　　他表示，潘兴广场瞄准的是未来三到五年能够实现高额复利回报的企业。阿克曼刻意避开他所称的新潮热门概念，这也让他的基金持仓全部是“极高质地、长期复利成长型标的” 的优质公司。\n　　为什么Meta与亚马逊是 “便宜股票”\n　　阿克曼认为，尽管两家企业估值体量庞大，但结合其无可撼动的市场地位来看，当前股价极具投资吸引力。\n　　多年来，阿克曼一直看好Meta、亚马逊、微软这类企业，但始终保持观望，只因当时它们股价过高。不过最近，这种投资权衡发生了有利于他的转变。\n　　阿克曼表示：“如果微软、亚马逊和 Meta 都是便宜股票，而我们坚信事实确实如此，那可以说整个市场估值并不高。”\n　　谈到亚马逊时，阿克曼特别强调了这家电商巨头在日常消费者生活中的深度渗透，指出其在快速配送方面几乎拥有垄断地位。他说：“每当我听说有新书上市，我就会去亚马逊下单。” 他还将其与纽约市疫情期间线下实体店糟糕的购物体验做了对比。\n　　“反观亚马逊，下单后两小时就能送货上门。试问谁能与之抗衡？所以要留意这种占据绝对主导地位、面临同业竞争可能性极低的优质企业。”\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：于健 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