Travel, read, and witness China Development, invest in China for a lifetime
In the video “Becoming Warren Buffet” filmed by HBO, Warren Buffet made an analogy to tell the young people need to take care of mind and body. “Let’s say that I offer to buy you the car of your dreams. You can pick out any car that you want, and then when you get out of class this afternoon, that car will be waiting for you at home.” As with most things in life, Buffet says there’s just one catch:…
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In the spring festival this year, I went to have a trip in Henan province with my parents, for Kaifeng ancient city and Shaolin Temple. Shaolin temple is famous for Kunfu especially, as the old saying in China, all kinds of Kung fu is originated from Shaolin Temple, this place is the Chinese Kung Fu homeland. If you have a chance to go to Henan province, it’s highly recommended for you to visit this place. Actually, it’s not a good…
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This is excerpt from Bershire Hathway annual meeting in 2000 regarding to the criteria for selling a company or stock. Actually, Buffet gives his clear opinion that buy and hold strategy for wonderful business. AUDIENCE MEMBER: Yeah, my main question is this. Much has been written by you, and a lot more by other people, about your criteria, or the criteria you use when you make a purchase of a company, either in full or in part. But almost nothing…
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This year, the stock price of Yili performed badly, dropped by more than 25% since beginning of 2018. In my opinion, there are several causes: Fierce competition: highly increased cost for advertisement, and the profit stays nearly flat. The internal management problems remains unsolved, and the investors worry about future development. Huge growth of the stock price last year makes it gravitate to the lower place. In short term, market price may fluctuate and no one can predict accurately always. However,…
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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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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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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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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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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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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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