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Decoding Berkshire’s Q3 Earnings: Beyond the Market Noise
Recently, Berkshire Hathaway, owned by the stock god Warren Buffett, announced its third quarter report for 2023. Many media interpreted it as “Buffett’s huge loss”, which is really surprising. In a rigorous and responsible attitude, I downloaded the original version. I carefully read the English report and found some valuable information, which I share below. The correct way to open Berkshire statements Berkshire’s latest third-quarter financial report shows that of its total assets of US$1,019.9 billion, investment assets are US$346.1 billion, insurance business assets are US$416.5 billion, and business assets such as railways, energy and utilities are US$257.4 billion. I made a simple asset table of Berkshire, in which insurance…
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The Pathways for PC Market Recovery: Unlocking the Potential of AI PC
Whether in daily life or in stock market investment, “consumption” is one of the eternal topics. Discussions about the consumer electronics sector have been increasing recently. Many people believe that smartphones and personal computers, the two mainstays of consumer electronics, will usher in a long-awaited recovery after a long period of silence. So, what are the catalysts and possible pathways for PC market recovery? The PC market may have bottomed out In the initial stage of the COVID-19 epidemic, due to the rise of working and studying from home, the demand for personal computers showed explosive growth; as the epidemic subsided, the sales of personal computers also declined. Preliminary statistics…
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Shorting the U.S. Dollar: The Next Crowded Trade?
The game about the 10-year U.S. Treasury bond has become clear after a series of recent events. Although the trading position is still bearish on the 10-year U.S. bond, U.S. debt has experienced a sharp short squeeze under the protection of the Federal Reserve and the U.S. Treasury Department. From a certain perspective, the effectiveness of policies is still what officials value most. In the short term, it is difficult for the market to agree with the relatively conservative bond issuance plan of the U.S. Treasury Department, but it is difficult for the naked short strategy to work again in the short term. At the same time, it can also…
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The Complex Genius of Elon Musk Revealed in New Biography by Walter Isaacson
Musk has a spiritual head that cannot be matched by those with weak constitution. “His brother Kimball said that drama was the best companion in his life. He couldn’t live without it. He could live for it and die for it.” Walter Eyre, author of “The Biography of Elon Musk” Saxon said. Isaacson spent two years spending one week a month with the world’s richest man. “More than most other great innovators, Musk is driven by a greater sense of mission. He has a strong urge to make life on Earth sustainable and to make humans a space-faring species. , and ensuring that artificial intelligence is good for us humans…
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Rediscovering Your Soul: A Journey of Self-Reflection and Slow Living
There once was a man who was always busy and working hard. His soul has been left far behind since a long time ago. Without his soul, he still lives well – he sleeps, eats, works, drives, and even plays tennis. However, sometimes, he would feel that his surroundings were empty, like walking on a smooth piece of paper in a math notebook, surrounded by criss-crossing and ubiquitous grid lines. During a business trip, this person suddenly woke up in the hotel room in the middle of the night, feeling that he could not breathe. He looked out the window, but couldn’t quite remember which city he was in. After…
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Life’s Too Short for the Perfect Movie: Embracing Imperfection in Love and Beyond
I once saw a couple in a movie theater, and the husband actually brought a suitcase to watch the movie. Two-thirds of the way through the movie, the husband stood up and touched his wife’s hair very affectionately, then dragged the box away. I was surprised by this. The movie ended and the lights came on. Coincidentally, the wife recognized me and said she had read my book. I asked: “Did your husband leave beforehand?” My wife said: “Yes, he works in other places, and we have lived in different places for many years. I especially like watching movies, so he always watches them with me before leaving. Go to…
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Nepal and India: Deep Ties, Deeper Contradictions in National Identity
Nepal is located at the southern foothills of the Himalayas, bordering China on the north and India on the other three sides. Affected by geographical and other factors, Nepal and India have profound historical and cultural ties, but there are also profound cognitive contradictions in nationalism. On June 18, the Indian Bollywood film “Adipurush”, adapted from the Hindu epic “Ramayana”, attracted many people in Nepal because of the line “Sita (the wife of Rama) is the daughter of India”. Cities have banned Hindi films. Previously, on May 28, India’s new parliament building was unveiled. The “Akhand Bharat” (meaning “Indivisible India”) map mural inside also aroused strong opposition from India’s neighboring…
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Germany’s Economic Downturn: A Challenging Transition or a Sign of Deindustrialization?
Recently, Germany’s economic situation has attracted much attention. On October 10, the International Monetary Fund (IMF) released its latest forecast that Germany’s gross domestic product (GDP) will fall by 0.5% year-on-year this year. The IMF said Germany, once the economic engine of Europe, will be the only developed economy not to grow this year. From “Sick Man of Europe” to “Economic Engine” Since the 19th century, Germany has formed an industrial and manufacturing system characterized by diversified and high-quality production, and gradually established four pillar industries: automobile manufacturing, machinery manufacturing, chemical medicine and electronic technology. The German manufacturing value chain system is highly vertically integrated, covering upstream raw material processing,…
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A Journey Through Time: Unveiling the Rich History and Alluring Flavors of Traditional Russian Drinks
There are many drinks brewed according to ancient recipes in Russia. In addition to kvass, there are also mead, fruit soup, hot honey water, etc. Some of them have been forgotten, while others are still active in people’s lives today. Before the industrial production of yeast, brewing low-alcoholic beverages required more time and patience, and people often waited for more than ten or twenty years. But the aroma of wine overflowed the moment the jar was opened, making the long wait worth it. Russian mead needs to be fermented in oak barrels for 5 to 20 years. Mead is often given to newlyweds on their wedding day. The newlyweds not…
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AI-Powered Management: Embracing the Generative Approach to Corporate Strategy
In November 2022, the American company OpenAI launched the Generative Pre-training Converter (ChatGPT) for human-computer interaction, making the concept of artificial intelligence generative content (AIGC) sweeping the world. Generative artificial intelligence is becoming more and more popular, not only affecting the way individuals use information, but also gradually reshaping all aspects of corporate management. Taking corporate strategic management as an example, the traditional corporate strategic decision-making process is based on points and areas, centered around the cognition of the company’s top managers, forming a top-down empirical management model. However, as the business environment becomes increasingly complex and industrial changes gradually deepen, the development direction of enterprises takes the form of…
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Elite Exodus: The Rise of Alien Planet Colonization and Virtual World Immersion
From 2021 to 2022, mankind has never been so eager to immigrate as during this period. Or, more accurately, a small minority of the elite craves it. The immigration I am talking about is divided into two categories: immigration to alien planets and immigration to virtual worlds. Immigration to alien planets Outward – When future generations write the history of space travel, there will likely be a chapter dedicated to it in 2021. This chapter could be called “The Year of the Billionaire.” On July 11, 2021, billionaire Richard Branson arrived at the edge of space on a Virgin Galactic rocket ship, flying more than 85 kilometers and experiencing weightlessness…
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The Nobel Prize Paradox: Why Winners Often Become Less Productive After Winning
When a Nobel Prize is awarded, the age of the winner is generally between 50 and 70 years old, and there is even a 90-year-old winner—American economist Leonid Hurwitz, winner of the 2007 Nobel Prize in Economics. However, there are exceptions to the Nobel Prize. For example, in 2014, 17-year-old Pakistani girl Malala Yousafzai became the youngest Nobel Prize winner (Peace Prize); two Chinese scientists Yang Zhenning and Lee Tsung-dao also They won the Nobel Prize in Physics in their youth. When they won the award in 1957, they were 35 and 31 years old respectively. Statistics show that as of 2022, the average age of all Nobel Prize winners…
