<p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">자칭 가치투자 전문가들이 TV에 나와 </span> <span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">주린이들에게 장기투자하라고 종용하는 것을 많이 보신적 있으실 겁니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-size:14px;background-color:#ffffff;text-align:center;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;color:#4c4c4c;font-family:'궁서';">"주식은 엉덩이가 무거워야 한다."  </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-size:14px;background-color:#ffffff;text-align:center;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;color:#4c4c4c;font-family:'궁서';">"주식은 자본주의에 올라타는 것이다."</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;text-align:center;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Verdana, sans-serif;color:#4c4c4c;"><span style="font-family:'궁서';">"복리의 위대성" </span><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;"> 등등 </span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Verdana, sans-serif;color:#4c4c4c;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Verdana, sans-serif;color:#4c4c4c;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;">사탕발린 좋은 말만 하지만 정작 중요한 실제 가치가 어떻게 움직이는지, 어느 종목을 사고 팔아야할지에 대한 구체성이 결여된</span> </span><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;color:#4c4c4c;font-size:16px;"> 뜬구름 잡는 말로 주린이들을 현혹할 뿐입니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">그래서 본고는 가치투자 장사꾼들이 입터는 시간의 흐름에 따른 복리의 마법.</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><b style="margin:0px;padding:0px;max-width:100%;">"초장기 가치 투자"</b> 에 적합한 </span> <span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">종목을 </span> <span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">실제 어떻게 선별하는지 실제 </span> <span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">기준을 제시하고자 합니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><span style="margin:0px;padding:0px;max-width:100%;font-size:11pt;color:#5d5d5d;">(초장기 가치투자 관점일뿐 기준에 맞지 않다고 하여 다른 방식의 투자가 </span><u style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:11pt;color:#5d5d5d;">틀렸다는 것은 아닙니다</span> </u><span style="margin:0px;padding:0px;max-width:100%;font-size:11pt;color:#5d5d5d;">.)</span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><b style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;font-family:Gungsuh, '궁서', serif;">■ 5가지 요소</span></b></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">주식의 가치는 궁국적으로 어떻게 올라가는 것일까요?</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">현존하는 개념적*실용적으로 우수한 내재가치 RIM공식을 뜯어보면 그 해답을 알 수 있습니다.</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/17184090070eaac3f747a44cd48e1a684638f0bf42__mn807320__w800__h216__f12418__Ym202406.png" alt="RIM공식 연금화.png" style="width:640px;height:173px;" filesize="12418"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;">주가는 </span> <span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">초과이윤[(ROE-re)×BV]에 대한 </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;color:#cc3d3d;">수익성(ROE)</span> <span style="margin:0px;padding:0px;max-width:100%;color:#980000;font-size:12pt;">, </span><span style="margin:0px;padding:0px;max-width:100%;color:#980000;font-size:12pt;">성장성(g), <span style="margin:0px;padding:0px;max-width:100%;color:#003399;">안정성(re), <span style="margin:0px;padding:0px;max-width:100%;color:#22741c;">지속성(무한) , <span style="margin:0px;padding:0px;max-width:100%;color:#997000;"> 투자(BV)<span style="margin:0px;padding:0px;max-width:100%;color:#000000;"> 의 <b style="margin:0px;padding:0px;max-width:100%;">5가지 요소</b> 에 영향을 받습니다. </span></span></span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;color:#980000;font-size:12pt;"><span style="margin:0px;padding:0px;max-width:100%;color:#003399;"><span style="margin:0px;padding:0px;max-width:100%;color:#22741c;"><span style="margin:0px;padding:0px;max-width:100%;color:#997000;"><span style="margin:0px;padding:0px;max-width:100%;color:#000000;"><br style="margin:0px;padding:0px;max-width:100%;"></span></span></span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;color:#980000;font-size:12pt;"><span style="margin:0px;padding:0px;max-width:100%;color:#003399;"><span style="margin:0px;padding:0px;max-width:100%;color:#22741c;"><span style="margin:0px;padding:0px;max-width:100%;color:#997000;"><span style="margin:0px;padding:0px;max-width:100%;color:#000000;">흔히 워렌버핏과 같은 가치투자 대가들이 말하는 원칙이나 기준들은 </span></span></span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;color:#980000;font-size:12pt;"><span style="margin:0px;padding:0px;max-width:100%;color:#003399;"><span style="margin:0px;padding:0px;max-width:100%;color:#22741c;"><span style="margin:0px;padding:0px;max-width:100%;color:#997000;"><span style="margin:0px;padding:0px;max-width:100%;color:#000000;">사실상 모두 RIM공식에 녹아져 있다고 보면 됩니다. </span></span></span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">차이는 대가마다 포지션에 따라 어느 요소를 중점적으로 보느냐에 차이가 있을 뿐입니다.<span style="margin:0px;padding:0px;max-width:100%;font-size:11pt;"> <span style="margin:0px;padding:0px;max-width:100%;"> </span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:11pt;"><span style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;">(그래서 RIM 개념만 </span><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;">제대로 알기만하면 시중에 나온</span> <span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"> 가치투자 서적 뒤적일 필요가 전혀 없는 것이지요..)</span></span></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;text-align:center;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">이제 부적합 사례를 중심으로 탐구하여</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;text-align:center;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">적합사례로 나아가 봅시다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><b style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;font-family:Gungsuh, '궁서', serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></b></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><b style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;font-family:Gungsuh, '궁서', serif;">■ 부적합 사례 </span></b></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;"><br style="margin:0px;padding:0px;max-width:100%;"></b></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">KT</b></span></p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/1718409154ebf691910c034e90a508067376b9e5ee__mn807320__w800__h238__f29093__Ym202406.png" alt="KT사례.png" style="width:800px;height:238px;" filesize="29093"></p> </div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <br></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">우량주이고 안정적인 통신 시장이지만, 성장성이 없어 21년간 박스를 헤메었습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">배당주로써 의미가 있을 수는 있겠지만 수익성이 결여된 구간이 몇번 있어 배당먹으려 들어왔다가 자본손실이</span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">커진 구간도 존재했습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">LG전자</b></span></font></p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/17184091646db6467a927347c78ff11713c8022fd9__mn807320__w800__h270__f46728__Ym202406.png" alt="LG전자 사례.png" style="width:800px;height:270px;" filesize="46728"></p> </div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <br></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">LG는 20~21년 실적이 Level UP하여 주가도 역사적 신고가를 달성했습니다.  </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">그런데 21년말부터 주가가 다시 본질가치로 회귀했습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">수익성과 성장성이 UP할것처럼 보였지만, 그 구조가 지속되지 못하여 주가는 본질로 회귀하였습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">애초 LG는 장기간 ROE<re인 상황과 매출*영업 YoY가 한자리수 대다보니 </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">KT만큼은 아니지만 低PBR이 구조화된 종목이였습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">F&F</b></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/1718409175c83869358a6b4daea3510637ebfedf00__mn807320__w800__h278__f39101__Ym202406.png" alt="F&F사례.png" style="width:800px;height:278px;" filesize="39101"></p> <br style="margin:0px;padding:0px;max-width:100%;"></div> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">F&F는 수익성 성장성을 모두 겸비한 주식입니다. </span><br style="margin:0px;padding:0px;max-width:100%;"></div> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">그런데, 이상하게 22년부터 주가가 하락하더니 결국 급락하고 있는 상황입니다. </span></div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;">알고보니 시장은 향후 업황에 대한 우려로 인해 미리 할인율을 높여가는 상황으로 PER가 낮아지고 있던 것이었습니다.</font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;font-size:16px;">즉, 안정성에 대한 의구심으로 高PER가 低PER가 되었던 것입니다. 이런 종목들은 </font> <span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">실적은 좋고 밸류는 낮아 저평가 우량주 인것처럼 보이지만, 결국 시장이 예견한데로 흘러가는 경우가 많습니다.  싸다고 잘못 들어가면 장기간 물릴 수 있습니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">삼성바이오로직스, LG에너지솔루션</b></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/1718409185cfad96a531f44575b9d7cae4a18abf2d__mn807320__w800__h550__f73575__Ym202406.png" alt="삼바 엔솔.png" style="width:800px;height:550px;" filesize="73575"></p> <br></div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">삼바와 엔솔은 모두 고속성장 주도주였습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">이런 고속성장 주도주들은 10루타를 줄 정도로 드라마틱 하지만, 전편에 언급했듯 이익과 주가의 변동성이 높은 종목입니다. 성장가치투자자들에게는 적합한 투자 대상이지만, 기대감과 주가 추세가 깨지면 장기간 우하양 하기에 초장기 투자로는 적합하지 않습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;">(과거 워렌버핏이 왜 고속성장주가 아닌 전통산업에 투자한 이유입니다.)</span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">흥미로운점은 삼바는 PER의 반영이론처럼 시간의 흐름에 따라 밸류가 체워지면서 주가 수위를 유지했습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">이론처럼 가는 종목은 정말 흔치가 않지만, 그 비밀은 삼바의 업황에 기인한 것으로 보입니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><br style="margin:0px;padding:0px;max-width:100%;"></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:10pt;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">한국쉘석유</b></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/1718409194ca44f39bbbec49288e01af1cc33b1955__mn807320__w800__h274__f40129__Ym202406.png" alt="한국쉘석유.png" style="width:800px;height:274px;" filesize="40129"></p> <br></div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">쉘은 혁신과 투자보다는 유리한 산업에서 고배당으로 뽕을 뽑는 기업입니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">KT처럼 성장성은 없으나 수익성이 높은게 차이입니다.  </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">초과이윤이 꽤 존재하기에 장기 우하향해도 결국 주주자본비용 이상 PBR>1은 지켜주었습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">장기 우하양은 몇가지 원인이 있겠지만, 근본적으로 실적 성장이 없음에도 </span> </font><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">주가가 수익성만 믿고</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">내재가치에 비해 높은 밸류를 책정했기 때문인 것으로 봅니다. (당시 PBR은 꽤 초과상태였습니다.)</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">비이성적인 주가 수위는 쉘처럼 꽤 오래갈수 있습니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">내재가치를 모르고 빨려들어가면 무난한 주식도 장기간 피똥쌀수 있습니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">시간의 문제일뿐 주가는 결국 내재가치로 회귀함을 인지해야합니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">LG생건</b></span></font></p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/17184092050e26a94373ca46d2a3d14263dd0925eb__mn807320__w800__h330__f47326__Ym202406.png" alt="LG생건.png" style="width:800px;height:330px;" filesize="47326"></p> <br></div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">생건은 수익성*안정성*지속성*약간의 성장성을 겸비한 이상에 가까운 주식이였습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">그렇기에 장투를 했다면 17년간 엄청난 복리상승을 누리는 초장기 투자의 실증 사례라고 할수 있습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">그러나 마지막에는 고속성장주가 무너지듯 실적의 믿음이 붕괴되자 고점에서 -82%맞아버렸습니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">그동안 매력적이고 안정적인 실적에 PER*PBR 프리미엄도 부여된 상태다보니 회귀폭은 꽤 컸습니다. </span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">LG전자처럼 결국 마지막에 지속성요소를 유지하지 못했습니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><b style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;font-family:Gungsuh, '궁서', serif;">■ 이상적사례 </span></b><b style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;font-family:Gungsuh, '궁서', serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></b></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">리노공업처럼 가장 이상적인 5가지 조건에 근접할 수록 초장기 투자가 가능합니다. </span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;"><br style="margin:0px;padding:0px;max-width:100%;"></b></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">SOOP</b></span></font></p> <div class="img_content_wrapper" style="margin:0px;padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <p><img src="http://thimg.todayhumor.co.kr/upfile/202406/1718409213d9cc6cb60a114d869c6319708251683e__mn807320__w800__h272__f41538__Ym202406.png" alt="SOOP사례.png" style="width:800px;height:272px;" filesize="41538"></p> <br></div> <p style="padding:0px;max-width:100%;line-height:2.2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> </p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">높은 수익성, 두자리수 매출 영업이익 성장, 안정적인 우상향 실적, 수익과 성장의 지속. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">국내 독자적 1인 미디어 플랫폼 구축에 성공한 경제적 헤자. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">모든 것이 콜라보 되었기에 17년간 +12,568% 성장했습니다. </span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><font face="Gulim, 굴림, AppleGothic, sans-serif" style="margin:0px;padding:0px;max-width:100%;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;">이것이 바로 복리의 위대성입니다. </span></font></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">초장기 투자는 이런 주식에만 한정적으로 가능하며, </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">적정 가치에 매수할 수만 있다면 복리를 누릴 자격이 주어지는 것입니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">그리고 앞서 말한 5가지 요소가 계속 유지되는지 스스로 판단하고 꾸준히 체크해야합니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;font-family:Gulim, '굴림', AppleGothic, sans-serif;">단순히 넣어놓고 무관심하게 생각없이 세월세고 있으면 LG생건 꼴이 날수 있습니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <br></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:16px;"><font face="Gungsuh, 궁서, serif" style="margin:0px;padding:0px;max-width:100%;"><b style="margin:0px;padding:0px;max-width:100%;">그렇다면 국내엔 초장기가 가능한 주식이 많을까요?</b></font></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">국내 증시에는 약 2천개 이상의 종목이 있지만, 끝까지 살아남아 초장기가 가능한 종목은</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">제 13년의 경험상 10손가락 안에 들지 않을까 싶습니다.</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">그래서 가끔 커뮤니티에 보면</span> <span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"> </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"><b style="margin:0px;padding:0px;max-width:100%;">"끝까지 안 파는게 비결이야"</b></span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">라고 언급되는 성공사례가 삼성전자와 SK하이닉스 밖에는 없는 것입니다. </span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">이런 정말 한정된 조건 안에서 구체적인 조건은 일언반구도 없이 복리니 뭐니 뜬구름만 잡는</span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">자칭 가치투자 전문가들이 얼마나 무책임한건지 이제 잘 아실겁니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">왜 가치투자 열기가 예전만큼 못할까요? </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">국내 개미들이 국장을 버리고 미장에 올라타는 이유는 무엇일까요? </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">5가지 조건을 알고 분석해보면 그 원인을 알 수 있으리라 봅니다. </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;">모두 성공투자 하시길 바랍니다.  </span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-family:Gulim, '굴림', AppleGothic, sans-serif;font-size:16px;"><br style="margin:0px;padding:0px;max-width:100%;"></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"> <br></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><b style="margin:0px;padding:0px;max-width:100%;">보다 자세한 내용 참조</b></span></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><b style="margin:0px;padding:0px;max-width:100%;">"주린이를 위한 장기 가치 투자 종목 선별하는 방법. (10편 上)"</b></span><br style="margin:0px;padding:0px;max-width:100%;"></p> <p style="padding:0px;max-width:100%;line-height:2;font-family:'-apple-system', BlinkMacSystemFont, '돋움', dotum, 'Apple SD Gothic Neo', 'Nanum Gothic', sans-serif;font-size:14px;background-color:#ffffff;"><span style="margin:0px;padding:0px;max-width:100%;font-size:12pt;"><b style="margin:0px;padding:0px;max-width:100%;">"방황하는 가치 투자자들을 위한 국내 주식 장투조건 실전 사례분석 (10편 下)"</b></span></p>