Last Updated on November 15, 2025 by stlplace
Not financial advice. This is the most important thing you need to know.
Your money your decision. Try not to be forever diver 不要做永远♾️的潜水员.
11-15-2025
I maintained a page for Warren Buffett and Charlie Munger. I understand I need to clean up the page a bit. But the two thanksgiving letters from Warren Buffett are worth to read.
10-31-2025
My personal portfolio allocation: S&P 500 index fund or similar stock funds about 80%, Berkshire Hathaway B share, about 10%, the rest about 10% are other stocks for fun (bigger players include $KO and $OXY).
Also, please note your peace of mind is the most important thing, and it will impact your portfolio performance too.
09-17-2025
一般情况下不要去short 股票，比如S&P 500 index fund, 或者MAG 7的股票。原因主要是the upper side of shorting stocks is limited (100%), while the downside could be unlimited. 打个比方说，最近热炒的 $OPEN (Opendoor Technologies), 如果你在五块钱的时候 （8/22）去short 它，今天 9/17 收盘价 $10.21, 不到一个月就已经亏了100%了（total loss）。如果你不想认输，等它到$15, 就会亏200%。以此类推。反过来说公司股票要清零（公司破产）一般来说没这么快：我看到我家门口的骗子公司Benson Hill 大概最后也花了一年时间破产。
02-21-2025
每个人都可以自己的炒股风格：但是归根结底，不管黑猫白猫，会抓老鼠🐭的猫才是好猫。
要做好风险控制：拿每个人可以接受的钱去炒股票，一般不能all in. 尽量留一部份现金等等。
02-15-2025
1. Be happy; 2. 赚钱是王道：don’t lose money; 3. Refer to rule 1 and 2.
01-16-2025
My top 3 stock positions (excluding the stocks indirectly hold in various S&P 500 index funds): brk/b, KO and OX.
Some learning resource: 活到老学到老：这一点也很重要，沃伦巴菲特和查理芒格都是学习机器。
他俩主要的学习手段是读书，读年报，再加上自己独立思考。
Warren Buffett reads a lot of company’s annual reports: mostly to learn.
I found listening to companies’ Earning call to be educational sometimes –
奶头乐级别: “NaNa 说美股” 每天市场评述，mainly entertainment value – ;
“小lin说” various topics, mainly entertainment and education value – 个人感觉小林讲的一般不深奥，主要是入门知识，但是她讲的还是有干货的；
美国年轻人Joseph Carlson Show and Joseph Carlson After Hours 他好像有两个频道 – stocks, food for thought – 比如这个油管视频：
Please note one goal for many content creators including YouTubers is getting eyeballs 👀 👁️ and making💰. So keep this in my mind when you consume the online content.
我又想了一下。我觉得网上多数视频包括CNBC Jim Cramer 的mad money，包括Nana 的油管每天更新，还有其它很多，教育或有启发的东西不是很多。娱乐的成分倒是不少。可能有点这个短视频的”奶头乐”的味道吧。或者相当于麦当劳🍔的快餐。光吃那个或天天吃那个可能不是最健康：因为营养成分不够丰富。还是要自己做饭，或吃一些更健康的食品（少吃垃圾食品，少喝可乐等等）[捂脸][呲牙]
Together let’s share some 💡 and make some 💰.
We try to keep the America (US) politics at a minimum here.
I believe everyone is entitled to her or his opinion including political views and affiliation.
But those are best kept to yourself. Probably religion too.
I recall 20+ years ago one golden rule is not to talk politics and religion at work.
Also, we will try to keep out many fake stuffs on Internet or from social medias.
PS:
Hard core MAGAs may find it hard to stay there sometimes because I am “woke”, or Hua Zuo if you will (I may 🙂
Not directly related to this: but I managed to clean up WeChat contacts today (from 321 to 250). I recall research saying that a person can have meaningful relationship with 150 people – so probably I need to further cut down that number, because this is just my Chinse friends. Most people on WeChat are Chinese, which is not a secret.
Previously like I said on the top, if I join a group, my intension is to learn by joining the discussion. If I feel I cannot contribute or if the vibe in a group is totally out of my comfort zone, I leave 🙂