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On the evening of Thanksgiving headed to bed and noticed one a sock on the bathroom floor
decided not to toss it in the hamper but instead see how long it would stay there, sort of a sociological experiment.
a week later, it remained, so it was decided it must be intentional and deserved recognition as such
made this little label hoping it would motivate her to pick it up.
Oh no. She sent a text message asking who had done it. then she said, "I made a pedestal for it!"
as long as it was on display, it deserved an audience so the barnyard animals arrived. They find it very fascinating.
https://t.co/5lKhLxVFoF
decided not to toss it in the hamper but instead see how long it would stay there, sort of a sociological experiment.
a week later, it remained, so it was decided it must be intentional and deserved recognition as such
made this little label hoping it would motivate her to pick it up.
Oh no. She sent a text message asking who had done it. then she said, "I made a pedestal for it!"
as long as it was on display, it deserved an audience so the barnyard animals arrived. They find it very fascinating.
https://t.co/5lKhLxVFoF
At a time when Buffett is being criticised for his style, again, I can't help but admire the investor & the person. Can't help but want to be more like him.
"Buy a company because you want to own it, not because you want the stock to go up."
Some excerpts:
👇
"Buy stocks for simple reasons, not torturous & sophisticated ones".
Eventually the thesis for a good investment boils down to 2-3 simple points. You have to do a lot of work to figure out what those are & why.
2/
Even Buffett has struggled with & changed his exit decisions. This I believe is a much tougher problem than the buy decision.
3/
1969 article: He has made a fortune and is no longer motivated to count boxcars and read statistical manuals. He comes close to the truth when he says: “You shouldn’t be doing at 60 what you did at 20.”
90 & still counting box-cars.
4/
He attributes his problem to a market that no longer lends itself to his kind of analysis, where real values are hard to find. - 1969
It has been 50 years since we are debating whether the market values "this kind of analysis".
"This kind of analysis" is all that there is.
5/
"Buy a company because you want to own it, not because you want the stock to go up."
Some excerpts:
👇
Excellent compilation of Forbes articles on Warren Buffet from 1969 to 2000s. h/t @valuewalk \U0001f44f@dmuthuk @Gautam__Baidhttps://t.co/V7uTYjwSrn pic.twitter.com/GPDyuk7WGB
— Ram Bhupatiraju (@RamBhupatiraju) December 5, 2020
"Buy stocks for simple reasons, not torturous & sophisticated ones".
Eventually the thesis for a good investment boils down to 2-3 simple points. You have to do a lot of work to figure out what those are & why.
2/
Even Buffett has struggled with & changed his exit decisions. This I believe is a much tougher problem than the buy decision.
3/
1969 article: He has made a fortune and is no longer motivated to count boxcars and read statistical manuals. He comes close to the truth when he says: “You shouldn’t be doing at 60 what you did at 20.”
90 & still counting box-cars.
4/
He attributes his problem to a market that no longer lends itself to his kind of analysis, where real values are hard to find. - 1969
It has been 50 years since we are debating whether the market values "this kind of analysis".
"This kind of analysis" is all that there is.
5/
Compilation of testimony, election rigging #StopTheSteal
BOOM \U0001f4a5 She spanked them all
— KELLY CURRIE STOP THE STEAL (@currie14_kelly) December 5, 2020
the way though and through \U0001f64c\U0001f3fb\U0001f64c\U0001f3fb
Watch Did you sign Did you?
\U0001f44f\U0001f44f\U0001f44f #StopTheSteaI pic.twitter.com/R12Mj4RwFK
Chairman Rabbit (兔主席, a.k.a. Ren Yi, grandson of Ren Zhongyi, a CCP leader), writes a blog popular among youngish Chinese professionals. He’s a robust, Harvard-educated defender of CCP-led China and thinks a hypocritical West is trying to suppress China’s legitimate rise./1
He thinks Western democracy is flawed, perhaps even falling apart. The Economist had a chat with him a while back when he bravely defended Fang Fang (not)./2
As @niubi and @zichenwanghere have pointed out, Rabbit been taking some flak from his readers on his views on the China-Australia bust up, so methoughts it would be worth taking a look at what the wolf bunnies are saying./3
I’ll quickly lay-out Rabbit’s views & then review the most-popular comments. Here’s the post: https://t.co/3gQrtNrVVR. Rabbit looks ahead to President Biden prioritizing repairing US relations with the US allies. He thinks Biden does not want conflict with Beijing.../4
...but (wisely) points out that being nice to Beijing would be hemlock to the Democrats’ future electoral chances, given the rabid “populist right-wing”. (Not because of anything Beijing has done.) So don’t expect US-China relations to improve much at all./5
He thinks Western democracy is flawed, perhaps even falling apart. The Economist had a chat with him a while back when he bravely defended Fang Fang (not)./2
As @niubi and @zichenwanghere have pointed out, Rabbit been taking some flak from his readers on his views on the China-Australia bust up, so methoughts it would be worth taking a look at what the wolf bunnies are saying./3
I’ll quickly lay-out Rabbit’s views & then review the most-popular comments. Here’s the post: https://t.co/3gQrtNrVVR. Rabbit looks ahead to President Biden prioritizing repairing US relations with the US allies. He thinks Biden does not want conflict with Beijing.../4
...but (wisely) points out that being nice to Beijing would be hemlock to the Democrats’ future electoral chances, given the rabid “populist right-wing”. (Not because of anything Beijing has done.) So don’t expect US-China relations to improve much at all./5