Some Thoughts

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

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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Berkshire Hathaway Shareholder Meeting in 2012

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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Investment Thoughts and Records in Chinese Stock Market for 2017 H1

In 2017 H1, the power of value investment in China stock market has shown to everyone. “Beautiful 50” market value has grew a lot during this period. As Chinese stock market and the investors become more mature, I believe that the market value of these companies generates real wealth will far exceed other companies in the future. During 2017 H1, the overall return of my investment in Chinese stock market is 35.66%, in comparison, the Shanghai index increased around 1.8%,…
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Farewell Manila, Salamat Philippines!

Today I will leave to China, I would never think how I miss Philippines so much when I leave. Raining is so strong outside of restaurant, it seems that the God don’t want me leave as well. In the airport, so many memories rushed into my head. I have experienced many happy moments, met many friends, and enjoyed wonderful nature here in the past one year. It’s hard to say goodbye, but I will definitely be back again.

How to Survive in Volatile Stock Market by using Crab Boat Model

When I went to Puerto Galera island every time, I need to take a crab boat from Batangas pier. During traveling in the ocean, the waves are always big. The genius part is that the crab boat has two bars in its two side, just like people has two legs, which enable the Crab boat sailing smoothly and safely.  JP Morgan once said market is always fluctuating. In Chinese stock market, the market is even more volatile comparing to the…
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Review of the Circle: How AI will Influence Our Life and How We Benefit Instead of Being Replaced by AI

Last week, I have watched “the Circle”, stared nt Tom Hanks and Emma Watson. This movie blow my mind away. Since I am just learning about AI recently, I see that AI will have a revolutionary impact on our daily life. We need to face that AI is coming to us already. In this movie, Mae (Emma Watson) is hired to work for the world’s largest and most powerful tech & social media company “the Circle”, she sees it as an…
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Some Thoughts about the Relationship of Philippines and China from Business Perspective

Just days ago, I had a drink with one Filippino friend. When we talking about different topics, one of them was about the relationship between Philippines and China. As we all know, some disputes about the island territory existed long time ago. Since Duterte became the new president of Philippines, he was always trying to make good relationship with China, and set aside the history island issues. The main cause is from business, instead of politics. So business collaboration from each…
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Some Thoughts on Choice Making Influenced by Optimistic and Pessimistic Emotions

Once upon a time, there is a poor guy in Chu country (楚国) in ancient China, reading a story in the book of “Huai Nan Zi” (淮南子): A cockroach hiding behind a leaf so that the predators can not find it. So an idea immediately was sparkled in his head, he collected many leaf from tree, and put one of them covering his eyes. He asked his wife: I can not see u, can u see me? His wife answered…
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Some Thoughts on China “One Belt One Road” Strategy by Reading the Book of “All the Presidents’ Bankers”

Recently, I have read a book “All the Presidents’ Bankers”, which illustrate the history of interconnection of USA political and financial power since 1900s. The most intriguing part to me is that this book provides an insight how USA succeed to become the world most powerful and wealthy country in the 20 century. In this book, the story begins with 1907 stock market panic, how JP Morgan save the market by his power. JP Morgan influence stunned the president Theodore…
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Investment Wisdom from Buffet Letter to Berkshire Shareholder in 2017

Each year, after Warren Buffet took office in Berkshire, he will write a letter to shareholder together with annual report. In this letter, Warren not only summarize the performance of Berkshire in the past year, but also brief his investment philosophy. It’s a holy bible to every value investor. In Feb 26, 2017, Warren Buffet released latest letter to the world as usual. Numerous of critics or news have reported and analyzed for the letter, so I don’t want to…
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