2012年4月5日
做对的事情，把事情做对！ 投资是什么？ 基本版： 投资就是买未来现金流。 所谓能看懂公司就是能看懂其未来现金流。（做对的事情） 所有所谓有关投资的说法实际上都是在讨论如何看懂现金流的问题。（如何把事情做对）
Source: http://nteswjq.blog.163.com/blog/static/126998120123502925151/
April 5, 2012
> By Duan Yongping · his NetEase blog (nteswjq.blog.163.com, now closed; read from web archives) · 2012-04-05 · [Original link](http://nteswjq.blog.163.com/blog/static/126998120123502925151/) ([archived](https://web.archive.org/web/20120420224355/http://nteswjq.blog.163.com:80/blog/static/126998120123502925151/))
Do the right thing, and do things right!
What is investing?
Basic version:
Investing is buying future cash flows.
Being able to understand a company means being able to understand its future cash flows. (Doing the right thing.)
Everything said about investing is really a discussion of how to understand cash flows. (How to do things right.)
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