About Core Investment Concepts
“Buying stocks is buying companies.”
“Investing is simple, but not easy.”
“You must look at the company, you must understand the business, and you must understand future cash flow.”
“Most companies are not easy to understand.”
“Buffett’s margin of safety does not refer to cheapness, but to how much you understand the company.”
“Cheap things can become cheaper.”
About Understanding and Not Understanding
Fang Sanwen: Buffett said not to invest in four-wheeled businesses. Do you think electric cars or the current trend of autonomous driving will change the fundamental nature of four-wheeled businesses?
CEO Sam Altman conveyed the decision due to an overwhelming surge in usage after OpenAI's DevDay, where new APIs were introduced. Altman mentioned that the platform's capacity has been exceeded, impacting user experience.
AaronPoloniex announces substantial progress in its restoration endeavours after falling victim to a significant security breach on 10 November.
CatherineShiba Inu faces a critical juncture as it tests key support levels, potentially paving the way for a 12% surge, while Ethereum experiences a momentary pause in its rally, with both cryptocurrencies navigating key technical indicators and market developments.
JasperCertiK raises inquiries regarding the security of Solana Saga, yet Solana defends its position with the resilience of enhanced Seed Vault technology and the demonstrated impact on the market.
KikyoThe operation relies on tricking users into clicking on these phishing links, then leading them to sign messages that unknowingly deplete their assets.
DavinDairy Queen and WGG join forces for a unique NFT pop-up in Chengdu, blending icy treats with digital art, showcasing NFT projects' adaptability beyond the virtual realm.
Hui XinMajor financial institutions, including JP Morgan's Onyx and Apollo Global, collaborate with the Monetary Authority of Singapore to explore blockchain integration for streamlined portfolio management.
JasperGoogle has filed a lawsuit against three individuals, accusing them of a sophisticated malware scheme. The defendants exploited Google's trademarks, using deceptive social media profiles to distribute malware disguised as upgrades to Google's AI chatbot, Bard. The legal action seeks damages and highlights the growing importance of digital security in the era of AI technology.
JixuThe SEC extends the deadline for Grayscale's Ethereum ETF decision until January 1, 2024, introducing uncertainty into Grayscale's strategic move, amidst a competitive landscape and evolving market dynamics.
JasperDairy Queen Takes a Dip into NFTs with Weirdo Ghost Gang Collaboration in Chengdu, China. The 'Ice and Snow Season' pop-up not only offers treats but also immerses visitors in NFT experiences, highlighting the fusion of traditional business with digital innovation.
Jixu