Reading Time: 2 minutes I talked about arbitrage quite a bit in my blog, but in terms of profit I didn’t make much until year 2022 – I followed Warren Buffett and bought into Microsoft Activision Blizzard acquisition. I got this idea when I attended #BRK2022 shareholder meeting in Omaha, Nebraska. Most recently, I speculated a few more, one
Reading Time: 2 minutes This is a continuation of my personal reflection on investing in stocks. I recall most recently I talked about patience over frequent short term trading here. Patience is import during power (electricity) outage too: which btw, in St. Louis due to the unpredictable weather, it happens once a while (such as this one in year
Reading Time: < 1 minute Some of the stocks that I should have hold on longer NVDA, day traded in year 2022. Quite a few times. The below two stocks are less well known – day traded in year 2023. LPX GRC Stocks that I hold on for too long: RIVN, “hold on the loser, sell the winner” is the
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: < 1 minute By #stonks, I mean the type of $AMC, or $GME, and in fact, I recall the name or hash tag #stonks was coined by Elon Musk. I think $IRBT $VFS $UP $SAVE are similar 🙂 The reason: trading them are just like gambling.
Reading Time: 2 minutes (Update 04-18-2024) Reuters – Exclusive: Bentley Systems explores options amid takeover interest, sources say (Update 02-27-2024) The Q4 2023 results is out. The IR webpage has the conference call. Learned a new buzz word “digital twin” last few days, 1st from the Unity Software (which just had a bad quarter, btw), then confirmed by Bentley
Reading Time: < 1 minute 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
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