Better and Better Day 58
From today, we will learn how to systematically and deeply analyze a company. Let’s first analyze the macro environment of a company. Looking at the macro background can pave the way for you to understand the company, and at the same time to see how closely the company and the macro environment are, which determines how much attention needs to be paid to macro changes. We need to clarify what the macro environment is. There are two levels about the macro environment : one is the large background of the times, and you can understand it as a trend ; the other is the macro economic environment, you can understand it as a cycle.
從今天開始，我們將學習如何系統深入地分析一家公司。我們先來分析一個公司的宏觀環境。看清宏觀大背景能爲你搞懂公司做鋪墊，同時看清這個公司和宏觀的密切程度是怎樣的，也決定了需要多大程度關注宏觀變化。我們需要明確的是，這裏説的宏觀環境是什麽，它其實有兩個層面：一個是大時代背景，你可以把它理解成趨勢；另一個是宏觀經濟環境，你可以把它理解成周期。
Oct.21th ,2018 Bazhou.
