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.
一个常见的投资谬论是，仅仅因为一个公司或国家在快速增长，就认为必定会带来强劲回报。任何投资决策的另一半必须是估值；如果所有人都能看到增长，那么强劲回报就将成为历史。
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