https://alpfree.github.io/tags/aeg/Recent content in AEG on AlphaFreeHugo -- 0.154.5en-usSun, 12 Jan 2025 14:06:46 +0800https://alpfree.github.io/post/%E5%9F%BA%E6%9C%AC%E9%9D%A2%E4%BC%B0%E5%80%BC%E6%95%99%E7%A8%8B%E5%93%A5%E5%A4%A7%E5%95%86%E5%AD%A6%E9%99%A2penman-%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E5%88%86%E6%9E%90%E4%B8%8E%E8%AF%81%E5%88%B8%E4%BC%B0%E5%80%BC/Sun, 12 Jan 2025 14:06:46 +0800https://alpfree.github.io/post/%E5%9F%BA%E6%9C%AC%E9%9D%A2%E4%BC%B0%E5%80%BC%E6%95%99%E7%A8%8B%E5%93%A5%E5%A4%A7%E5%95%86%E5%AD%A6%E9%99%A2penman-%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E5%88%86%E6%9E%90%E4%B8%8E%E8%AF%81%E5%88%B8%E4%BC%B0%E5%80%BC/深度解析Stephen Penman的权责发生制估值框架，探讨剩余收益模型与超常收益增长模型对价值的锚定逻辑，重点讲解如何通过反向工程识别市场隐含的增长预期及安全边际。