We almost cannot live without the Internet now. If you are not too young, you must remember the dot-com bubble in 1995–2001. Over the period, investors were crazy about companies in the Internet business and were ready to buy these companies at any prices. On the other hand, companies could cause their stock prices to increase by simply adding an “e-” prefix to their name or a “.com” suffix, which one author called “prefix investing”. By the end of the 1990s, the NASDAQ hit a price-to-earnings (P/E) ratio of 200.
There is a saying that “love is blind”. This means a person in love would not be able to see any imperfection in the lover. This is maybe an extreme case. However, people do have the tendency of refusing to change their position when the relevant situation having been changed, or have bias on anything against whatever they initially believed in.
For example, a boy was brought to the same church by his parents frequently, he would not only mostly likely believe in the same religion when he grows up, but also strongly reject any other religion or atheism.
There will be an inevitable crash in the Chinese economy. China to exceed America in economic power under current totalitarian communist regime will only happen in the dream of ignorant people. I totally agree with Mr. Buffett that “America’s economic magic remains alive and well." Buy America. Avoid China.
The following is another chance to learn from Mr. Buffett.
Warren Buffett’s annual letter is out-- 7 things that will have everyone talking
By Nicole Sinclair
Don’t be too fixated on daily moves in the stock market: "Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays." (from letter published in 2014)
Don’t get excited about your investment gains when the market is climbing: “There’s no reason to do handsprings over 1995’s gains. This was a year in which any fool could make a bundle in the stock market. And we did.” (1996)
There is a clear and present risk in China economy. Maintains of debt are always the last stage of any economic crisis, if we have ever learnt anything from history. Look into the details at the following link.
There are many articles reminding people the value of Coach in investment communities recently after its stock price dropped so much so. Yes. The value of Coach brand and its ability to generate cash is obvious. In fact, I was a big fan of Coach, which was a major holding in my portfolio until early last year. Coach had maded a lot of money, so had its investors.
"Forming macro opinions or listening to the macro or market predictions of others is a waste of time," said Buffett as he bulleted the fundamentals of investing in his new letter. I believe Buffett is right in general, because no one, even the best economist, can predict the timing of an economic crisis. Secondary, if you chose the right company to invest, it really doesn’t matter when you invest as long as you pay the right price. In long term, a good company will prosper.
By Lisa Scherzer | The Exchange – Thu, May 9, 2013 10:30 AM EDT
Everyone has bad habits. Maybe you obsessively check Facebook while at dinner with friends, arrive late to meetings or interrupt people when they’re talking. Chances are you’re at least sometimes aware of these bad acts. But you might not realize how other habits are costing you actual money. And we’re not talking about a daily Starbucks fix. If you get pleasure out of those lattes, by all means enjoy them.
Dolby demonstrates how creative professionals can use industry-leading tools like The Foundry’s NUKE and OCULA to create Dolby 3D content
Business WirePress Release: Dolby Laboratories, Inc. – 9 hours ago
Yes. It's Dolby again. This time they are in for the 3D, which will be the future of online entertainment
LAS VEGAS--(BUSINESS WIRE)--
By PATRICK SEITZ, INVESTOR'S BUSINESS DAILY
Editor: It's happening finally. I believed that when life get better, people will surely want better sound, no matter from what kinds of devices and Dolby is the number one choice.
While tablet makers emphasize high-definition displays to create a great video look, some say audio quality fell to the back burner.