---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/38816520.md"
description: "A brief note on MSFT (Microsoft):Stock selection is never about watching the excitement, but about understanding the underlying logic.I remain firmly optimistic about Microsoft's three keywords: cost-effectiveness, cash flow, and entry ticket.• Data perspective: PE 24x, Forward PE 22x. The fair price calculated by DCF is around $435. The current price essentially gives away future growth for free.• Business perspective: Obsessing over 'whose model is the strongest' is an amateur's focus, while insiders look at who has high gross margins and high net profits.• Future perspective: The endgame of AI is not Chat, but Agent. When Windows becomes the world's largest intelligent agent distribution platform, all models will have to pay a tax to Microsoft.Investing is: seeing the true color of value when the crowd is fearful.Stay patient.$Microsoft(MSFT.US)"
datetime: "2026-02-21T09:23:37.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38816520.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38816520.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38816520.md)
author: "[WillHoo](https://longbridge.com/zh-HK/profiles/12643553.md)"
---

> 支持的語言: [English](https://longbridge.com/en/topics/38816520.md) | [简体中文](https://longbridge.com/zh-CN/topics/38816520.md)


# A brief note on MSFT (Microsoft):Stock selection i…


### 相關股票

- [Microsoft (MSFT.US)](https://longbridge.com/zh-HK/quote/MSFT.US.md)

## 評論 (1)

- **Moran101 · 2026-02-22T23:53:55.000Z**: The tax logic is recognized.