Travel, read, and witness China Development, invest in China for a lifetime
During Guoqing Festival, I have traveled to Gui Zhou Province for 6 days. On my second day, I went to Qingyan town and Huaxi Yelang gu, since the two places is near. Actually, Huaxi Yelang gu strike me most, not for its beauty, but for the man behind it. Peilun Song is an artist, more than 50 years old, give up his good life in USA and spend all his savings for Yelang Gu. He didn’t purse economy benefit, but…
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The market itself is very volatile. We’ve had 95 years completed this century. We’re in the middle of 1996 and we’re close to a 10 percent decline. In the 95 years so far, we’ve had 53 declines in the market of 10 percent or more. Not 53 down years. The market might have been up 26 finished the year up four, and had a 10 percent correction. So we’ve had 53 declines in 95 years. That’s once every two years….
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Since US-China trade war beginning last year, the two side held several rounds negotiation for more than one year. When everyone think the war will be ended in May, the US government posed strong malicious proposition towards Chinese high tech companies, such as Huawei, Hikivison, Yitu, DaHua, etc. The prohibition of purchasing CPU, software almost killed ZTE last year. There are many news about US-China trade war, and it’s very clear now that the war will not end in a…
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GREE, the whole name is Gree Electric Appliances Inc. of Zhuhai, is one of the most famous Chinese home appliance companies in China. GREE grows from zero in 1990, and become the leading international air condition company now. So far, it has developed three brands, namely GREE, TOSOT and KINGHOME, with a wide product range which includes residential air conditioners, central air conditioners, air source water heaters, smart phones, home appliances, refrigerators, etc. The history of GREE is complex, since…
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In the video “Becoming Warren Buffett” filmed by HBO, Warren Buffett 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, Buffett 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 Berkshire Hathway annual meeting in 2000 regarding to the criteria for selling a company or stock. Actually, Buffett 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 has…
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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 Buffett and Charlie Munger WARREN BUFFETT: 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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