The famous investor Charlie Munger used to say unfiltered* and he commented: every time you hear EBITA (Investopedia definition, note sometimes it’s also called EBITDA, where the D stands for depreciation), which stands for Earning before Interest, Taxation and Amortization (and depreciation), you replaced it with Bullshit earnings.
More cheats, liars and lies
I have received unsolicited calls from Timeshare, Hilton Grand Vacations to be specific. I politely declined. But those phone calls are relentless sometimes, and eventually I hand up or blocked the calls. Looking back I felt good that I did the right thing.
By the same token, I think we can do the following replacement. All creative suggestions are welcome.
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投资 – 投机
理财 – 赌博，骗局
信托 – 赌博，骗局
发财 – 破产
毕业 – 有时候是失业的意思
买房 – 有时候是买套的意思
(Update 01-15-2024) Refer to 鼎益丰 news here and below.
港交所数据显示，自2023年9月20日开始，荆思源、王梦涛和梁家辉就陆续出售鼎益丰股票，其中梁家辉出售150万股，荆思源出售160万股，王梦涛出售83.2万股。
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油管的标题党
我感觉油管的标题有时候跟某城的标题党有得一拼😂 我觉得标题可以改成：上海美女模特移民加拿大前在上海的一些挫折。她在视屏中提到的骗子: 当天财富(P2P理财)的施建祥(新浪；证券时报; wikipedia on Shanghai Kuailu Group; Mr. Shi Jianxiang)现在美国。
她受到的第二个挫折是在教育产业/企业股票变现前，正好碰到双减政策出台。这个让我想到我买的阿里巴巴ADR股票在蚂蚁金服上市受挫后的暴跌。
我的理财理念是天上不会掉馅饼: if something is too good to be true – it’s a lie。
I do like her attitude of “solider on“: which by the way, is also another Charlie Munger life motto.
*Unfiltered: I think Warren Buffett is more diplomatic than Charlie Munger on criticizing. Warren said this many times: criticize by the category; praise by the name. I believe nobody likes to be criticized. Criticize others is much easier than blame/criticize self: e.g., I just saw this gem “The current situation with my classmates are that I am undoubtedly the only one that has morals…” from a google review (James Lai). And Bill Ackman is not too far behind here too.