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Women also are more likely to enjoy investing in real estate than men: 44% of women surveyed find buying property more enjoyable than investing in aion account other asset classes.

女性也可能比男性更喜欢投资房地产：44%的受访女性认为投资房地产比投资其它资产更有乐趣。

They need to understand that investing in quality is investing in their company's future.

他们需要知道，对产品质量的投资就是对公司未来的投资。

But at that time, as it happens is field of domestic A stock market the maddest, city is filled with when rate is top, investing an object often also is " the lion starts to talk greatly ", let us these feeling that 20 times city is filled with those who lead already disadvantageous appropriate " persnickety ghost " look and go no further, investing amount to drop is very normal.

但那个时候，正好是国内A股市场最疯狂，市盈率最高的时候，投资对象也往往是"狮子大开口"，让我们这些觉得20倍市盈率已经不便宜的"小气鬼"望而止步，投资金额下降是非常正常的。

The last part is conclusion, which sums up and puts forward advice on value-investing strategy for Chinese securities, and does suppositional stock-investing to test the results of this article.

第五章是结论部分，对本文研究的股票价值投资得出有操作性的建议；并通过模拟择股，来验证本文研究结果。

Came in January 2007 between July, liu Yucai, Du Lingqing is in know perfectly well nimble to hold a company high to be approved about director branch without the country, do not have the case that pursues negotiable securities investing advisory business aptitude to fall, through " illicit collect macrocosm " the website is rolled out " the conduct financial transactions that dig gold "," king of wave band Wang Zhong " the advertisement of breed of conduct financial transactions that waits for negotiable securities investment, each district of catchpenny whole nation more than 600 investor, hold company name and investor high to sign with nimble " entrust agreement of conduct financial transactions ", undertake the stock seeks advice to wait for management activity with acting business share investing, profit of conduct financial transactions of collection investor administration fee, investment divides more than yuan 700 into the paragraph to add up to.

2007年1月至7月间，刘玉才、杜凌卿在明知捷昂公司未经国家有关主管部门批准，不具有从事证券投资咨询业务资质的情况下，通过&私募大世界&网站推出&掘金理财&、&波段王中王&等证券投资的理财品种广告，招徕全国各地600余名投资者，并以捷昂公司名义与投资者签订《委托理财协议书》，进行投资股票咨询和代理买卖股票等经营活动，收取投资者治理费、投资理财利润分成款共计700余万元。【以下内容为IT者网站提供英文翻译，未经授权请勿转载

As the economic growth goes by, the institutional investors play a more important role than ever before. The institutional investing strategy to individual security becomes a significant referral to the general investors. Positive feedback trading is the most popular method which the institutions take their investing. It was introduced by Jegadeesh and Titman (1993) to use the underreaction of the investors to the news in the period of 3 to 12 months and get some profits by longing the past winners and shorting the past losers.

中文摘要随著台湾经济的发展和开放，机构法人在股票市场中扮演了举足轻重的地位，对於一般投资人而言，法人们的投资策略具有相当高的参考价值，正向回馈交易是由Jegadeesh and Titman (1993)藉由买进过去赢家并卖出过去输家所做得投资组合来获得报酬，但只考虑过去的累积报酬会否有较佳的收益呢？

To be real investing subjects, colleges and universities must be unities of capital, policy-decision power and investing responsibilities.

高校要成为真正的投资主体，必须是资本、决策自主权和投资责任的统一。

The empirical study discovers that:(1) The information technology companies in Taiwan that invest in China shows better financial performance, growth opportunities and company assets than those that don't. It indicates that the companies investing in China have better performance, higher growth in the future, and the tendency to expand;(2) In terms of the relationship between the scale of investment and the performance of the parent companies, the information technology companies listed in Taiwan show an S curve while the top 100 information technology companies in 2005 lead to a U curve, which indicate that information technology companies adopt different management methods at different stages. The enterprises with better sales don't exceed the optimal degree of investment;(3) The growth opportunities of the information technology companies listed in Taiwan investing in China have positive

实证结果发现：（1）台湾资讯电子业赴大陆投资在财务绩效、成长机会与母公司规模皆高於未赴大陆投资者，显示出赴大陆投资者绩效较好、未来具有较高的成长、有大型化的趋势；（2）台湾上市柜资讯电子公司与2005年前百大排名电子公司大陆投资程度与母公司绩效关系分别呈现S型与U型，显示资讯电子业在不同阶段有不同的经营模式，营收较佳的企业未超过最适的投资程度；（3）台湾上市柜资讯电子业赴大陆投资之成长机会对财务绩效具正向影响，显示出大陆投资之成长机会愈高，则有较佳的财务绩效；（4）台湾上市柜资讯电子业之大陆投资程度会影响母公司成长机会，显示随著大陆投资程度的变动，明显牵动母公司的成长机会。

But at that time, as it happens is field of domestic A stock market the maddest, city is filled with when rate is top, investing an object often also is " the lion starts to talk greatly ", let us these feeling that 20 times city is filled with those who lead already disadvantageous appropriate " persnickety ghost " look and go no further, investing amount to drop is very normal.

但那个时候，正好是国内A股市场最疯狂，市盈率最高的时候，投资对象也往往是&狮子大开口&，让我们这些觉得20倍市盈率已经不便宜的&小气鬼&望而止步，投资金额下降是非常正常的。

With the help of related economic theories, thethesis is trying to classify the environmental and sanitary infrastructure construction projects into three kinds: non-commercial projects, quasi-commercial projects and commercial projects. On the basis of the classification, in the process of the reform of the investing and financing system its advisable to specify the function of the government, to set up the guidance of the project classification and investing system, and to adjust measures to cope with different projects aecoding to their varied conditions.

本文运用相关经济学理论将上海的环卫基础设施项目分为非经营性项目、准经营性项目和经营性项目，指出在环卫基础设施投融资体制改革过程中，明确政府职能定位，建立环卫设施项目分类指导和投资制度，因地制宜地针对不同性质的项目采取相应的具体措施。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。