Reading Time: 6 minutes The shareholder letter and 2023 annual report PDF file here. Quote the letter, page 5 Our goal at Berkshire is simple: We want to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring. Within capitalism, some businesses will flourish for a very long time while others will
Reading Time: 5 minutes Writing from my experience on credit card both from consumer (outside) and business (inside) perspective: meaning encourage more usage of the card via loyalty and rewards, make sure the card is on the top of the deck etc. I also understand Americans are addicted to the credit card to a large extent. Full disclosure: between
Reading Time: < 1 minute Not too long ago, I noticed Warren Buffett’s Berkshire Loads Up On 3 Homebuilders. And recently, I noticed he sold all of the DR Horton stocks. I am thinking of one reason is their built home quality. See below. I saw a bunch of videos on YT after watching the original YouTube video. See below.
Reading Time: < 1 minute I don’t have any positions. Note IPO usually stands for “it’s probably overpriced” – this is Warren Buffett’s words, not mine. Last but not least, in the general sports apparel/shoes category, not specialized sports, Nike is the king. And I don’t see any one even Amer Sports‘s parent Anta Sports to shake things up. Adidas
Reading Time: 2 minutes (Update 03-11-2024) Boeing Whistleblower Found Dead in Charleston After Break in Depositions. “They brought them in from other areas of the company. The new leadership team – from my director down – they all came from St. Louis, Missouri. They said they were all buddies there.” “That entire team came down. They were from the
Reading Time: 3 minutes 油管：my Youtube 2022 video for BRK HQ video below (narration mostly in Chinese) Charlie Munger We know Charlie Munger (Wiki) passed away recently, and he was the vice chairman of Berkshire Hathaway: he had some influence on Warren Buffet’s investments over the years, including See’s Candy, Coca Cola and so on. Here is the free
Reading Time: 2 minutes I went to my 9 year old (4th grader)’s class recently and tried to talk about the “The Stock Market Game” (btw, it looks like my main winner is Nike for now 🙂 Below is something I shared in my daughter’s class. I also tried to answer some questions on individual stocks too, e.g., Adobe,
Reading Time: 3 minutes Or rewards credit cards. Today I received an email from PenFed Credit Union and they are asking me to lobby the congress on rewards Credit Cards. I no longer have their credit cards, I used to have their reward cards, and earned quite a bit gift cards from them. Basically I redeemed the points for
Reading Time: 8 minutes A touchy topic. I have been in the tech industry for almost 23 years, and I have seen my share of the layoffs. I saw the layoff very early in my career, and the most recent ones in last year or so amid the big tech post pandemic layoffs. Layoffs are usually not pleasant. But
Reading Time: 7 minutes (Update 05-29-2024) Some packing and shipping tips: make sure we get a good, also decent sized packaging, otherwise the item may get lost during USPS shipping. I noticed two recent items (one is a buy from China, via eBay), another is a small item shipped from Springfield, MO (education sector, probably want to save on
Recent Comments