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Travel to Shao Guan city and Danxia Mountain

December 8, 2018 0 Comments

Shao Guan city is located in the north of Guang dong Province, which is famous for its history and beautiful nature spot.  There are three rivers through Shao guan city, so basically you can see the rivers every where in this city.  Danxia Mountain is around 1 hour travel by bus from Shao guan city, which is specially famous for its unique structure. Actually, there are two parts here, one is Yangyuan Mountain, and another one is Zhanglao Mountain. This…
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Travelling

Warren Buffet: about Management, moats, and the certainty of future earnings

December 6, 2018 0 Comments

This is excerpt from Bershire Hathway annual meeting in 1999 regarding Management, moats, and the certainty of future earnings from Warren Buffet and Charlie Munger The moat and the management are part of the valuation process, in that they enter into our thinking as to the degree of certainty that we attribute to the stream of income — stream of cash, actually — that we expect in the future and the amount of it.   I mean it is, you know,…
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Some Thoughts

A hot spring paradise in Mangshan, Chenzhou

November 19, 2018 0 Comments

In Hunan province, there are many beautiful scenery, delicious food, and famous for the Chinese revolution history. In October, I went to enjoy the hot spring in Mangshan, Chenzhou city.  Chenzhou is well known for hot spring, since there are many places for the natural hot spring. I like Mangshan especially, because you can enjoy the beautiful mountain view when you enjoy the hot spring.  This the window view from Mangshan hot spring hotel room, and there is a large…
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Berkshire Hathaway Shareholder Meeting in 2012

October 14, 2017 0 Comments

Did you believe the CEO of any financial organization can also be the chief risk officer. Does the future ceo will be chief risk officer? I do believe CEO of financial organizations should also be chief risk officer. I am the chief risk officer of Berkshire. My successor will have the same responsibility, and we will not select who does not have the ability. It is not an impossible job. Berkshire can act in speed that is rare among corporations….
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Some Thoughts

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The Top 10 Places You Must Go When Visiting Shenzhen

September 14, 2017 0 Comments

In Quroa, I see many foreigners asking for what places are fun or worth to visit in Shenzhen. I will summarize the top 10 places that are the best places to visit in my mind. Shenzhen Citizens Center Shenzhen Citizens Center is located in the center of Shenzhen. From here, you can have a whole picture of this modern city. There are many places here you should not miss: Ping An Building: The highest building in Shenzhen, which is more…
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Travelling

A Quick Glimpse of Xining

September 7, 2017 0 Comments

Xining is in the between Lasha and Lanzhou, which is very near to Lanzhou. When I finished the trip of Tibet, I planned to go to Xining. There are two famous scenarios near Xining: Qinghai Lake and Tarl Temple. It took around 21 hours by train from Lasha to Xining. When I was in the train, I have encountered a monk from Sichuan Province. We talked a lot about life, religious, etc. That’s one part why I love traveling, because…
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The Journey to the South of Tibet Plateau

August 28, 2017 0 Comments

After dwelling in Lasha for several days, I decided to go to the south of Tibet Plateau with my friends, including some amazing places: Linzhi, Ya Lu Zang Bu river, Namucuo, Yang Lake, etc. It took around 5 days to travel for these places, and most of the journey is in the car, however, it’s worth it! The first place is Mila Mountain, it’s the gateway to the south. The height of this mountain is around 5.1KM. When I arrrived…
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Travelling

Hikvision Financial Analysis

August 3, 2017 1 Comment

In previous post, I have analyzed Hikvision from business perspective, for details, please refer to http://www.xueqiuxia.com/blog/hikvision-business-analysis-great-iot-solution-provider-based-on-video-surveillance-to-leading-promising-ai-era/ In this post, I will analyze Hikvision from financial analysis. As I have discussed before, my analysis always focus on four parts: Financial health; Business growth; Profitability; Management efficiency. Now, let’s dive into the four parts one by one: Financial Health. In this part, the most import is to check if this company has enough money to pay its loan, to check how many…
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Chinese Company

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Lhasa, a Thousand Year City Topping on the World Where to Find Soul and Faith

July 29, 2017 1 Comment

Most people know Lhasa history dates back to Tang dynasty, when Wencheng Princess was married to Songzan Ganbu in Tubo kingdom (now is Tibet) for the peace of both sides. Wencheng princess brought farming technique, art, textile, most importantly, Buddhism to Lhasa. Now Lhasa is a fast developing city, many people from the inland come to Lhasa seeking wealth. When I took taxi from Lasa Railway station, the driver said there are around 80% taxi drivers from Henan province, and…
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Travelling

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Tibet Plateau, a Place Nearest Heaven

July 16, 2017 3 Comments

After I visited Lanzhou, I took the train from Lanzhou to Lasa, and the train will go through the Tibet Plateau. The average height of Tibet is more than 4 KM, the highest mountain Everest is also in Tibet plateau. Actually, we all believe that Tibet is a place which is nearest to heaven. There’s no better way to wittness the greatness of Tibet plateau on Qingzang Railway. On the train, you can see Tibet in a whole picture quietly….
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Travelling