Reading Time: 2 minutes (Originally written in Chinese; English version generated via Google translate at the bottom) 美国中西部大农村出来的高管，总的来说还是没认识到这个世界的复杂(公司小气不请保安，自己掏钱也得请保镖啊）。巴菲特一年的保镖/保安费大概是几十万吧。二十多年前微软的巴尔莫来村里，也有保镖。我觉得他是帮股东挨了这几枪。 我在美国工作24+ 年，基本上所有大的医疗保险公司都用过，我个人感觉 UNH 的服务还是相对靠谱的。有很多不靠谱的保险公司-光收钱不办事的很多。 还有我较鄙视网上的美国义和团/键盘侠，砸本国人的日本车，各种医闹：美国的医疗系统，医疗保险问题，主要是政客们搞出来的。共和党的政客们要负主要责任：我敢保证他们是拿保险公司捐款的大头。美国应该可以学习其它西方国家搞全民医保。美国（极端）资本主义，以盈利为唯一目标，过于依赖市场的黑暗我是领教过一些的。我记得几年前亚马逊把得了癌症的员工裁了，纽约时报当时报道过。 附：美国的医疗系统，庞大无比，有她先进之处（新药，新设备，新的治疗方法），但是确实 it has some drawbacks，我最近也是有亲身体会。 其实昨天最早是从小红书上看到这个消息的-希望国人不是因为幸灾乐祸才发的。 油管 12-08-2024 更新：我关于美国医疗体系概况的油管视频。全长15分32秒。 My YT Video on safety etc (财不露富：害人之心不可有，防人之心不可无 – 从村里最近的一个案件想到大家要注意的事). 下面是英文版。 Executives from rural areas in the Midwest of the United States generally do not realize the complexity of
Reading Time: 4 minutes 中文简体读者：这里有一个谷歌翻译的版本，可能不是最新的版本，但大意差不多。 Yesterday (Sunday) afternoon I drove for Uber the first time, after I thought and talked about it for a bit. Note I still have the day job – this is mostly to supplement my income, and also gain some experience/have some fun. I also wrote a Twitter/X thread here. A few things to do
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 11-30-2024) Boeing’s CEO is forcing executives to give up private jets and fly commercial to save money (Update 10-12-2024) Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances || I am thinking I may buy a bit more $BA on Monday 10-14-2024. Looks like stock market will open on 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
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