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2021-10-20

#Decentraland big Metaverse event A four-day celebration of music, culture and creativity in the virtual social world of Decentraland, the Metaverse Festival is a grand collision of light, sound and portable toilets.It’s the first event of its kind – a fully decentralized celebration of music that offers a weird and wonderful brew of world-class headline acts, mind blowing stages, games, exclusive artist merch, collectibles and more.So, on October 21, dress your avatar in your very best wearables and jump into an experience like no other. https://themetaversefestival.io/

2021-10-15

The Financial devils 👿 are looking to burst the bubble in the name of inflation , there maybe some truth in it. However, the issues are banks are sitting in liquidity and cash on the sidelines they need the markets to crash so that they can start buying low again in time for their performance reports leading to higher bonuses for the big wigs. 😂

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2021-09-21

🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/

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2021-09-21

Are Hedggies looking for scapegoats?

One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote>

2021-08-21

$130s back to October 2018

@空军小班长炸飞华尔街:班长今天也接了一点正股 😄 正式加入抄底“中丐”大军 $阿里巴巴-SW(09988)$$阿里巴巴(BABA)$$腾讯控股(00700)$$腾讯音乐(TME)$$老虎证券(TIGR)$

2021-06-01

Love this [Happy]

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2021-04-23

Never chase the wild goose 😂

Warren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote>

2021-04-13

Another unicorn 🦄 HODL for the long run

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2021-04-12

Uber of China 🇨🇳 on the way to glory

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2021-04-09

$Bridgetown Holdings Limited(BTWN)$Don’t get let the sharks shake you off a gold pass, 75m outstanding shares at $5b valuation. Each share should be worth at least $66. HODL

2021-04-06

They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀

'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote>

2021-03-31

In Cathie I trust 💎🙌🏻

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2021-03-30

This is the Uber of online courses let’s go $100

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2021-03-16

小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷] [财迷] [财迷]

2021-03-16

大钱在路上了。💎🙌🏻🚀🚀🚀[财迷] [财迷] [财迷]

2021-03-16

$Tiger Brokers(TIGR)$💎🙌🏻💎🙌🏻Robinhood of Asia not China [财迷]

2021-03-15

Hit and run stock not pump and dump [开心]

AMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote>

2021-02-12

$Bridgetown 2 Holdings Ltd(BTNB)$祝愿大家也赚钱

2021-02-12

bitcoin是时空货币$50000快来了

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2021-02-12

Oil will be back

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However, the issues are banks are sitting in liquidity and cash on the sidelines they need the markets to crash so that they can start buying low again in time for their performance reports leading to higher bonuses for the big wigs. 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825258086","repostId":"1197487869","repostType":2,"isVote":1,"tweetType":1,"viewCount":2303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860487511,"gmtCreate":1632198919533,"gmtModify":1632802110227,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","listText":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","text":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860487511","repostId":"1102179356","repostType":4,"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860484118,"gmtCreate":1632198805434,"gmtModify":1632802111746,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Are&nbsp;Hedggies looking for scapegoats?","listText":"Are&nbsp;Hedggies looking for scapegoats?","text":"Are Hedggies looking for scapegoats?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860484118","repostId":"1137129092","repostType":2,"repost":{"id":"1137129092","kind":"news","pubTimestamp":1632195526,"share":"https://www.laohu8.com/m/news/1137129092?lang=zh_CN&edition=full","pubTime":"2021-09-21 11:38","market":"us","language":"en","title":"One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137129092","media":"MarketWatch","summary":"Break of a key support level is not a good reason to sell\nThe S&P 500’s breaking below its 50-day mo","content":"<p>Break of a key support level is not a good reason to sell</p><p><blockquote>突破关键支撑位并不是卖出的好理由</blockquote></p><p> The S&amp;P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&amp;P 500&nbsp;over the past four decades has performed better than average when the market was below its trailing-50-day average.</p><p><blockquote>标普500上周五跌破50日均线并不是卖出的好理由。事实上，过去四十年来，当市场低于过去50天平均水平时，标普500的表现优于平均水平。</blockquote></p><p> There’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”</p><p><blockquote>没有办法知道周一股市暴跌有多少是由下意识的技术人员造成的，他们因为周五的行动而决定积累现金。但这无疑起到了作用。《巴伦周刊》将50日均线的突破称为“比缩减、税收和中国恒大集团加起来还要可怕”。</blockquote></p><p> My review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&amp;P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&amp;P 500 was below its moving average — not above.</p><p><blockquote>我对美国股市历史的回顾未能找到这种世界末日情景的统计支持，正如您可以从附图中的摘要数据中看到的那样。它显示了股市在接下来的一个月、一个季度、六个月和一年中的平均表现，具体取决于标普500的交易价格是高于还是低于其50天移动平均线。请注意，在标普500低于移动平均线（而不是高于移动平均线）的几天后，回报率略好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b62cc6aefb107b17fa100562f9b0fb2\" tg-width=\"700\" tg-height=\"501\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.</p><p><blockquote>这与人们普遍认为周一的暴跌是由市场突破50日均线引发的相反。</blockquote></p><p> I hasten to add that you should not conclude that, because the S&amp;P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.</p><p><blockquote>我赶紧补充一点，你不应该因为标普500现在低于50日移动平均线就得出这样的结论，你应该变得更加看涨。图表中绘制的差异在统计学家在确定模式是否真实时经常使用的95%置信水平下并不显著。</blockquote></p><p> The investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.</p><p><blockquote>相反，你应该从图表中得出的投资含义是，如果你根据市场相对于50天移动平均线的位置来预测股市的未来，你就处于危险的境地。</blockquote></p><p> It should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined&nbsp;seven other possible causes&nbsp;of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&amp;P 500 breaking below its 50-day moving average.</p><p><blockquote>这应该是显而易见的，但我还是要提醒你：未来几周股市仍可能下跌。MarketWatch概述了这种下降的其他七个可能原因，我还可以补充一个：不利的情绪。这一分析更广泛的观点是，如果股市确实下跌，不要将其归咎于标普500跌破50日移动平均线。</blockquote></p><p> <b>Pre-1980 experience</b></p><p><blockquote><b>1980年以前的经验</b></blockquote></p><p> I chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.</p><p><blockquote>我选择1980年作为本专栏分析的数据截止日期，因为直到20世纪80年代，指数基金才开始广泛使用，投资者通过单笔交易买卖整个市场变得相对容易。记住这一点至关重要，因为50日移动平均线在1980年之前确实有更好的记录。但没有简单的方法可以在不产生大量交易成本的情况下真正遵循其信号。我的研究表明，在1980年之前的20世纪，在考虑交易成本后，简单的50天移动平均线交易系统不会击败简单的买入并持有策略。</blockquote></p><p> Blake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.</p><p><blockquote>布兰代斯大学(Brandeis University)金融学教授布莱克·勒巴伦(Blake LeBaron)告诉我，他怀疑移动平均线交易系统在进出股市变得越来越容易、越来越便宜的同时停止工作，这并非偶然。当太多投资者开始遵循之前成功的策略时，它们就不再起作用，这是市场效率的一个标志。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-21 11:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Break of a key support level is not a good reason to sell</p><p><blockquote>突破关键支撑位并不是卖出的好理由</blockquote></p><p> The S&amp;P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&amp;P 500&nbsp;over the past four decades has performed better than average when the market was below its trailing-50-day average.</p><p><blockquote>标普500上周五跌破50日均线并不是卖出的好理由。事实上，过去四十年来，当市场低于过去50天平均水平时，标普500的表现优于平均水平。</blockquote></p><p> There’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”</p><p><blockquote>没有办法知道周一股市暴跌有多少是由下意识的技术人员造成的，他们因为周五的行动而决定积累现金。但这无疑起到了作用。《巴伦周刊》将50日均线的突破称为“比缩减、税收和中国恒大集团加起来还要可怕”。</blockquote></p><p> My review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&amp;P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&amp;P 500 was below its moving average — not above.</p><p><blockquote>我对美国股市历史的回顾未能找到这种世界末日情景的统计支持，正如您可以从附图中的摘要数据中看到的那样。它显示了股市在接下来的一个月、一个季度、六个月和一年中的平均表现，具体取决于标普500的交易价格是高于还是低于其50天移动平均线。请注意，在标普500低于移动平均线（而不是高于移动平均线）的几天后，回报率略好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b62cc6aefb107b17fa100562f9b0fb2\" tg-width=\"700\" tg-height=\"501\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.</p><p><blockquote>这与人们普遍认为周一的暴跌是由市场突破50日均线引发的相反。</blockquote></p><p> I hasten to add that you should not conclude that, because the S&amp;P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.</p><p><blockquote>我赶紧补充一点，你不应该因为标普500现在低于50日移动平均线就得出这样的结论，你应该变得更加看涨。图表中绘制的差异在统计学家在确定模式是否真实时经常使用的95%置信水平下并不显著。</blockquote></p><p> The investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.</p><p><blockquote>相反，你应该从图表中得出的投资含义是，如果你根据市场相对于50天移动平均线的位置来预测股市的未来，你就处于危险的境地。</blockquote></p><p> It should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined&nbsp;seven other possible causes&nbsp;of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&amp;P 500 breaking below its 50-day moving average.</p><p><blockquote>这应该是显而易见的，但我还是要提醒你：未来几周股市仍可能下跌。MarketWatch概述了这种下降的其他七个可能原因，我还可以补充一个：不利的情绪。这一分析更广泛的观点是，如果股市确实下跌，不要将其归咎于标普500跌破50日移动平均线。</blockquote></p><p> <b>Pre-1980 experience</b></p><p><blockquote><b>1980年以前的经验</b></blockquote></p><p> I chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.</p><p><blockquote>我选择1980年作为本专栏分析的数据截止日期，因为直到20世纪80年代，指数基金才开始广泛使用，投资者通过单笔交易买卖整个市场变得相对容易。记住这一点至关重要，因为50日移动平均线在1980年之前确实有更好的记录。但没有简单的方法可以在不产生大量交易成本的情况下真正遵循其信号。我的研究表明，在1980年之前的20世纪，在考虑交易成本后，简单的50天移动平均线交易系统不会击败简单的买入并持有策略。</blockquote></p><p> Blake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.</p><p><blockquote>布兰代斯大学(Brandeis University)金融学教授布莱克·勒巴伦(Blake LeBaron)告诉我，他怀疑移动平均线交易系统在进出股市变得越来越容易、越来越便宜的同时停止工作，这并非偶然。当太多投资者开始遵循之前成功的策略时，它们就不再起作用，这是市场效率的一个标志。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/one-hopeful-sign-for-stocks-s-p-500-is-below-its-50-day-moving-average-11632166237?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/one-hopeful-sign-for-stocks-s-p-500-is-below-its-50-day-moving-average-11632166237?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137129092","content_text":"Break of a key support level is not a good reason to sell\nThe S&P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&P 500 over the past four decades has performed better than average when the market was below its trailing-50-day average.\nThere’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”\nMy review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&P 500 was below its moving average — not above.\n\nThat’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.\nI hasten to add that you should not conclude that, because the S&P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.\nThe investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.\nIt should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined seven other possible causes of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&P 500 breaking below its 50-day moving average.\nPre-1980 experience\nI chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.\nBlake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2001,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836738708,"gmtCreate":1629521580504,"gmtModify":1633684255227,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"$130s back to October 2018","listText":"$130s back to October 2018","text":"$130s back to October 2018","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836738708","repostId":"836456818","repostType":1,"repost":{"id":836456818,"gmtCreate":1629517311234,"gmtModify":1629519206133,"author":{"id":"3569350705469320","authorId":"3569350705469320","name":"空军小班长炸飞华尔街","avatar":"https://static.tigerbbs.com/22e45a1e71d69eca5815ced035bfa809","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3569350705469320","idStr":"3569350705469320"},"themes":[],"htmlText":"班长今天也接了一点正股 😄 正式加入抄底“中丐”大军 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a><a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a><a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a><a href=\"https://laohu8.com/S/TME\">$腾讯音乐(TME)$</a><a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>","listText":"班长今天也接了一点正股 😄 正式加入抄底“中丐”大军 <a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a><a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a><a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a><a href=\"https://laohu8.com/S/TME\">$腾讯音乐(TME)$</a><a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>","text":"班长今天也接了一点正股 😄 正式加入抄底“中丐”大军 $阿里巴巴-SW(09988)$$阿里巴巴(BABA)$$腾讯控股(00700)$$腾讯音乐(TME)$$老虎证券(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836456818","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":1525,"gmtBegin":1629517311231,"gmtEnd":1630121982192,"type":1,"upper":1,"title":"中概股见底了吗","choices":[{"id":5637,"sort":1,"name":"仍然深不见底","userSize":80,"voted":false},{"id":5638,"sort":2,"name":"已经果断抄底","userSize":63,"voted":false},{"id":5639,"sort":3,"name":"在半山腰站岗","userSize":36,"voted":false},{"id":5640,"sort":4,"name":"我只是来看看","userSize":36,"voted":false}]},"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119257959,"gmtCreate":1622551939271,"gmtModify":1634100572280,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Love this [Happy]&nbsp;","listText":"Love this [Happy]&nbsp;","text":"Love this [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119257959","repostId":"1102282264","repostType":2,"isVote":1,"tweetType":1,"viewCount":2457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376659196,"gmtCreate":1619113777115,"gmtModify":1634288452303,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Never chase the wild goose 😂","listText":"Never chase the wild goose 😂","text":"Never chase the wild goose 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376659196","repostId":"1171301745","repostType":2,"repost":{"id":"1171301745","kind":"news","pubTimestamp":1619107041,"share":"https://www.laohu8.com/m/news/1171301745?lang=zh_CN&edition=full","pubTime":"2021-04-22 23:57","market":"us","language":"en","title":"Warren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171301745","media":"MarketWatch","summary":"Be skeptical of fads, fashions and trends and operate within your circle of competence\nMarketWatch p","content":"<p>Be skeptical of fads, fashions and trends and operate within your circle of competence</p><p><blockquote>对时尚、流行和趋势持怀疑态度，并在自己的能力范围内运作</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db221b5c38828963f24b035309d8303e\" tg-width=\"1260\" tg-height=\"876\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch照片插图/iStockphoto</span></p></blockquote></p><p> As the old joke goes, St. Peter had some bad news for an oil&nbsp;prospector&nbsp;who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”</p><p><blockquote>正如一个古老的笑话所说，圣彼得对一个出现在天堂之门的石油勘探者有一些坏消息：“你有资格进入，”圣彼得说，“但是，正如你所看到的，石油勘探者区挤满了人。没有办法让你进去。”</blockquote></p><p> After a moment, the prospector asked to say just four words to the present occupants.&nbsp;That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”&nbsp; Immediately, most of the oil prospectors stampeded out for the nether regions.&nbsp;Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.&nbsp; There might be some truth to that rumor after all.”</p><p><blockquote>过了一会儿，探矿者要求对现在的居住者只说四个字。这对圣彼得来说似乎无害，所以探矿者喊道：“在地狱发现了石油！”随即，大多数石油勘探者纷纷涌向幽冥地区。圣彼得印象深刻，邀请探矿者搬进来，过得舒适些。探矿者停顿了一下，说：“不，我想我会和其他人一起去。毕竟那个谣言可能有一定的真实性。”</blockquote></p><p> Let that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.</p><p><blockquote>让这成为对首席执行官和股东的警告。避开谣言和自欺欺人一直是沃伦·巴菲特的关键规则之一，多年来在伯克希尔·哈撒韦公司根深蒂固。我们都需要反复听到这样的教训，因为现实的诱惑总是与我们的理想交战。</blockquote></p><p> The serial frenzies in meme stocks like&nbsp;GameStop&nbsp;and cryptocurrencies like dogecoin&nbsp;make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.</p><p><blockquote>游戏驿站等模因股票和狗狗币等加密货币的一系列狂热使得现在是对比投资者应该做什么和许多人似乎在做什么的好时机。考虑到伯克希尔和加密货币的忠实粉丝数量庞大，比较它们是恰当的：估计有3000万美国人交易过加密货币，预计将有3000万人观看今年5月1日举行的伯克希尔虚拟年会。</blockquote></p><p> Buffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts.&nbsp;</p><p><blockquote>巴菲特将伯克希尔定义为一家具有合伙人态度的公司。每个投资者的股份价值将同步上升（或下降）。这与许多人似乎用迷因股票或大部分加密货币领域来看待公司形成了鲜明对比。那里的文化就像赌场一样，少数人收获难以想象的财富，而绝大多数人却输光了。</blockquote></p><p> Moreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board. &nbsp;</p><p><blockquote>而且，伯克希尔的文化强调耐心和恒久。理想情况下，该公司永远持有投资和业务，并鼓励其股东无论同甘共苦都无限期持有。在迷因股票和加密货币交易的世界里，一个强有力的规范有利于立即将发薪日利润从董事会中扣除。 </blockquote></p><p> Relatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.</p><p><blockquote>与此相关的是，伯克希尔的理想承认，积累资本需要几十年的时间，积累财富需要技能和时间，以及一点运气。相比之下，那些努力快速致富的人——而且毫不费力。今天，一些投资市场参与者甚至似乎认为，每个人都应该富有，这是一种权利。</blockquote></p><p> The ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.</p><p><blockquote>理想的伯克希尔投资者关注业务、运营策略、产品或服务以及竞争优势。对于迷因加密世界中的许多人来说，重要的是炒作和肾上腺素，而不是是否有商业计划，更不用说运营或客户了。伯克希尔模型对时尚、时尚和趋势持怀疑态度，而狗狗币和其他加密货币则靠这些蓬勃发展。</blockquote></p><p> This leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish&nbsp;“blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.</p><p><blockquote>这就引出了伯克希尔经典的基本原则：能力圈。它规定只投资于你只要付出适度的努力就能理解的东西。这至少不包括一些模因股票和许多目前流行的“空白支票”IPO合并。对于大多数人来说，加密货币超出了他们的能力范围。事实上，如今大量投资者似乎远远超出了他们的能力范围。</blockquote></p><p> For investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.</p><p><blockquote>对于自己能力范围内的投资，伯克希尔的追随者意识到价格波动很大，没有人能够预测这种波动。“市场先生”是一个喜怒无常的狂躁者，总是愿意以现行价格与你交易，有时高，有时低。</blockquote></p><p> Following from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the&nbsp;three most important words in investing.</p><p><blockquote>根据个人能力的限制和市场的波动，伯克希尔的剧本要求支付的价格和收到的价值之间有很大的差距。在伯克希尔的价值投资词典中，这就是“安全边际”，巴菲特早就说过，这是投资中最重要的三个词。</blockquote></p><p> Finally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”</p><p><blockquote>最后，除了避免散布谣言和自欺欺人之外，伯克希尔的剧本还说要小心他人的妄想。伯克希尔副董事长查理·芒格讲述了一个在明尼苏达州利奇湖钓麝香鱼的故事。一位来访的垂钓者问当地导游：“这个湖里有钓到麝香鱼吗？”</blockquote></p><p> “More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.&nbsp; “This lake is famous for muskies.”</p><p><blockquote>“这个湖捕获的麝香鱼比明尼苏达州任何其他湖都多，”向导回答说，“这个湖以麝香鱼闻名。”</blockquote></p><p> “How long have you been fishing here?”</p><p><blockquote>“你在这里钓鱼多久了？”</blockquote></p><p> “Nineteen years,” the guide said.</p><p><blockquote>“十九年，”向导说。</blockquote></p><p> “And how many muskies have you caught?”</p><p><blockquote>“你抓了多少麝香猫？”</blockquote></p><p> “None.”</p><p><blockquote>“没有。”</blockquote></p><p></p><p> So the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”</p><p><blockquote>所以，下次有人告诉你日内交易创造了数不清的财富时，问问他们，“你存了多少现金？”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-22 23:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Be skeptical of fads, fashions and trends and operate within your circle of competence</p><p><blockquote>对时尚、流行和趋势持怀疑态度，并在自己的能力范围内运作</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db221b5c38828963f24b035309d8303e\" tg-width=\"1260\" tg-height=\"876\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch照片插图/iStockphoto</span></p></blockquote></p><p> As the old joke goes, St. Peter had some bad news for an oil&nbsp;prospector&nbsp;who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”</p><p><blockquote>正如一个古老的笑话所说，圣彼得对一个出现在天堂之门的石油勘探者有一些坏消息：“你有资格进入，”圣彼得说，“但是，正如你所看到的，石油勘探者区挤满了人。没有办法让你进去。”</blockquote></p><p> After a moment, the prospector asked to say just four words to the present occupants.&nbsp;That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”&nbsp; Immediately, most of the oil prospectors stampeded out for the nether regions.&nbsp;Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.&nbsp; There might be some truth to that rumor after all.”</p><p><blockquote>过了一会儿，探矿者要求对现在的居住者只说四个字。这对圣彼得来说似乎无害，所以探矿者喊道：“在地狱发现了石油！”随即，大多数石油勘探者纷纷涌向幽冥地区。圣彼得印象深刻，邀请探矿者搬进来，过得舒适些。探矿者停顿了一下，说：“不，我想我会和其他人一起去。毕竟那个谣言可能有一定的真实性。”</blockquote></p><p> Let that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.</p><p><blockquote>让这成为对首席执行官和股东的警告。避开谣言和自欺欺人一直是沃伦·巴菲特的关键规则之一，多年来在伯克希尔·哈撒韦公司根深蒂固。我们都需要反复听到这样的教训，因为现实的诱惑总是与我们的理想交战。</blockquote></p><p> The serial frenzies in meme stocks like&nbsp;GameStop&nbsp;and cryptocurrencies like dogecoin&nbsp;make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.</p><p><blockquote>游戏驿站等模因股票和狗狗币等加密货币的一系列狂热使得现在是对比投资者应该做什么和许多人似乎在做什么的好时机。考虑到伯克希尔和加密货币的忠实粉丝数量庞大，比较它们是恰当的：估计有3000万美国人交易过加密货币，预计将有3000万人观看今年5月1日举行的伯克希尔虚拟年会。</blockquote></p><p> Buffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts.&nbsp;</p><p><blockquote>巴菲特将伯克希尔定义为一家具有合伙人态度的公司。每个投资者的股份价值将同步上升（或下降）。这与许多人似乎用迷因股票或大部分加密货币领域来看待公司形成了鲜明对比。那里的文化就像赌场一样，少数人收获难以想象的财富，而绝大多数人却输光了。</blockquote></p><p> Moreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board. &nbsp;</p><p><blockquote>而且，伯克希尔的文化强调耐心和恒久。理想情况下，该公司永远持有投资和业务，并鼓励其股东无论同甘共苦都无限期持有。在迷因股票和加密货币交易的世界里，一个强有力的规范有利于立即将发薪日利润从董事会中扣除。 </blockquote></p><p> Relatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.</p><p><blockquote>与此相关的是，伯克希尔的理想承认，积累资本需要几十年的时间，积累财富需要技能和时间，以及一点运气。相比之下，那些努力快速致富的人——而且毫不费力。今天，一些投资市场参与者甚至似乎认为，每个人都应该富有，这是一种权利。</blockquote></p><p> The ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.</p><p><blockquote>理想的伯克希尔投资者关注业务、运营策略、产品或服务以及竞争优势。对于迷因加密世界中的许多人来说，重要的是炒作和肾上腺素，而不是是否有商业计划，更不用说运营或客户了。伯克希尔模型对时尚、时尚和趋势持怀疑态度，而狗狗币和其他加密货币则靠这些蓬勃发展。</blockquote></p><p> This leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish&nbsp;“blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.</p><p><blockquote>这就引出了伯克希尔经典的基本原则：能力圈。它规定只投资于你只要付出适度的努力就能理解的东西。这至少不包括一些模因股票和许多目前流行的“空白支票”IPO合并。对于大多数人来说，加密货币超出了他们的能力范围。事实上，如今大量投资者似乎远远超出了他们的能力范围。</blockquote></p><p> For investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.</p><p><blockquote>对于自己能力范围内的投资，伯克希尔的追随者意识到价格波动很大，没有人能够预测这种波动。“市场先生”是一个喜怒无常的狂躁者，总是愿意以现行价格与你交易，有时高，有时低。</blockquote></p><p> Following from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the&nbsp;three most important words in investing.</p><p><blockquote>根据个人能力的限制和市场的波动，伯克希尔的剧本要求支付的价格和收到的价值之间有很大的差距。在伯克希尔的价值投资词典中，这就是“安全边际”，巴菲特早就说过，这是投资中最重要的三个词。</blockquote></p><p> Finally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”</p><p><blockquote>最后，除了避免散布谣言和自欺欺人之外，伯克希尔的剧本还说要小心他人的妄想。伯克希尔副董事长查理·芒格讲述了一个在明尼苏达州利奇湖钓麝香鱼的故事。一位来访的垂钓者问当地导游：“这个湖里有钓到麝香鱼吗？”</blockquote></p><p> “More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.&nbsp; “This lake is famous for muskies.”</p><p><blockquote>“这个湖捕获的麝香鱼比明尼苏达州任何其他湖都多，”向导回答说，“这个湖以麝香鱼闻名。”</blockquote></p><p> “How long have you been fishing here?”</p><p><blockquote>“你在这里钓鱼多久了？”</blockquote></p><p> “Nineteen years,” the guide said.</p><p><blockquote>“十九年，”向导说。</blockquote></p><p> “And how many muskies have you caught?”</p><p><blockquote>“你抓了多少麝香猫？”</blockquote></p><p> “None.”</p><p><blockquote>“没有。”</blockquote></p><p></p><p> So the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”</p><p><blockquote>所以，下次有人告诉你日内交易创造了数不清的财富时，问问他们，“你存了多少现金？”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/warren-buffett-could-teach-traders-in-dogecoin-gamestop-and-other-hot-trends-a-few-things-about-mr-market-11619079021?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AMC":"AMC院线",".SPX":"S&P 500 Index","GME":"游戏驿站","GBTC":"比特币ETF-Grayscale",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/warren-buffett-could-teach-traders-in-dogecoin-gamestop-and-other-hot-trends-a-few-things-about-mr-market-11619079021?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171301745","content_text":"Be skeptical of fads, fashions and trends and operate within your circle of competence\nMarketWatch photo illustration/iStockphoto\nAs the old joke goes, St. Peter had some bad news for an oil prospector who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”\nAfter a moment, the prospector asked to say just four words to the present occupants. That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”  Immediately, most of the oil prospectors stampeded out for the nether regions. Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.  There might be some truth to that rumor after all.”\nLet that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.\nThe serial frenzies in meme stocks like GameStop and cryptocurrencies like dogecoin make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.\nBuffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts. \nMoreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board.  \nRelatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.\nThe ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.\nThis leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish “blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.\nFor investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.\nFollowing from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the three most important words in investing.\nFinally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”\n“More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.  “This lake is famous for muskies.”\n“How long have you been fishing here?”\n“Nineteen years,” the guide said.\n“And how many muskies have you caught?”\n“None.”\nSo the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”","news_type":1,"symbols_score_info":{"GBTC":0.9,".IXIC":0.9,"XBTmain":0.9,"BTCmain":0.9,".DJI":0.9,".SPX":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345262616,"gmtCreate":1618319675235,"gmtModify":1634293753189,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Another unicorn 🦄 HODL for the long run","listText":"Another unicorn 🦄 HODL for the long run","text":"Another unicorn 🦄 HODL for the long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345262616","repostId":"1125635474","repostType":2,"isVote":1,"tweetType":1,"viewCount":1784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342597147,"gmtCreate":1618229741689,"gmtModify":1634294315235,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Uber of China 🇨🇳 on the way to glory","listText":"Uber of China 🇨🇳 on the way to glory","text":"Uber of China 🇨🇳 on the way to glory","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342597147","repostId":"2126898059","repostType":2,"isVote":1,"tweetType":1,"viewCount":1699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348739115,"gmtCreate":1617961419437,"gmtModify":1631888129247,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTWN\">$Bridgetown Holdings Limited(BTWN)$</a>Don’t get let the sharks shake you off a gold pass, 75m&nbsp;outstanding shares at&nbsp;$5b valuation. Each share should be worth at least&nbsp;$66. HODL","listText":"<a href=\"https://laohu8.com/S/BTWN\">$Bridgetown Holdings Limited(BTWN)$</a>Don’t get let the sharks shake you off a gold pass, 75m&nbsp;outstanding shares at&nbsp;$5b valuation. Each share should be worth at least&nbsp;$66. HODL","text":"$Bridgetown Holdings Limited(BTWN)$Don’t get let the sharks shake you off a gold pass, 75m outstanding shares at $5b valuation. Each share should be worth at least $66. HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348739115","isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343591399,"gmtCreate":1617722638611,"gmtModify":1634296890857,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","listText":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","text":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343591399","repostId":"1115618527","repostType":2,"repost":{"id":"1115618527","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617720430,"share":"https://www.laohu8.com/m/news/1115618527?lang=zh_CN&edition=full","pubTime":"2021-04-06 22:47","market":"us","language":"en","title":"'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115618527","media":"Tiger Newspress","summary":"'New force of Chinese car maker' rebound in Tuesday morning trading.Xpeng Motors was up more than 3%","content":"<p>'New force of Chinese car maker' rebound&nbsp;in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.</p><p><blockquote>“中国造车新势力”周二早盘反弹。小鹏汽车涨超3%，蔚来、理想汽车涨超2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8dfde2999bf2477960c9b8a2e500391b\" tg-width=\"428\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-06 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>'New force of Chinese car maker' rebound&nbsp;in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.</p><p><blockquote>“中国造车新势力”周二早盘反弹。小鹏汽车涨超3%，蔚来、理想汽车涨超2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8dfde2999bf2477960c9b8a2e500391b\" tg-width=\"428\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115618527","content_text":"'New force of Chinese car maker' rebound in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.","news_type":1,"symbols_score_info":{"LI":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354948913,"gmtCreate":1617122387832,"gmtModify":1634522521868,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"In Cathie I trust 💎🙌🏻","listText":"In Cathie I trust 💎🙌🏻","text":"In Cathie I trust 💎🙌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354948913","repostId":"1135921653","repostType":2,"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355796447,"gmtCreate":1617102741589,"gmtModify":1634522655463,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"This is the Uber of online courses let’s go $100","listText":"This is the Uber of online courses let’s go $100","text":"This is the Uber of online courses let’s go $100","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355796447","repostId":"1163996400","repostType":2,"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325893258,"gmtCreate":1615883767774,"gmtModify":1703494415812,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷] [财迷] [财迷]","images":[{"img":"https://static.tigerbbs.com/c0712de042dcfd14e533312eab09237c","width":"750","height":"2193"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325893258","isVote":1,"tweetType":1,"viewCount":1699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":325807358,"gmtCreate":1615883538074,"gmtModify":1703494410013,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"大钱在路上了。💎🙌🏻🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"大钱在路上了。💎🙌🏻🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"大钱在路上了。💎🙌🏻🚀🚀🚀[财迷] [财迷] 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Brokers(TIGR)$💎🙌🏻💎🙌🏻Robinhood of Asia not China [财迷]","images":[{"img":"https://static.tigerbbs.com/96b14dab638fcbb718523a730e27268a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325143907","isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322448153,"gmtCreate":1615822761972,"gmtModify":1703493672658,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Hit and run stock not pump and dump [开心]&nbsp;","listText":"Hit and run stock not pump and dump [开心]&nbsp;","text":"Hit and run stock not pump and dump [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322448153","repostId":"1168136589","repostType":4,"repost":{"id":"1168136589","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615817089,"share":"https://www.laohu8.com/m/news/1168136589?lang=zh_CN&edition=full","pubTime":"2021-03-15 22:04","market":"us","language":"en","title":"AMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168136589","media":"Tiger Newspress","summary":"AMC Entertainment is17.83% higheron its plans toreopen nearly all of its California locations this w","content":"<p>AMC Entertainment&nbsp;is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.</p><p><blockquote>AMC院线股价上涨17.83%，该公司计划本周重新开放几乎所有加州门店，从今天开始在洛杉机开设两家旗舰店。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c13207d6d736ff15684ecc67214e7b0\" tg-width=\"724\" tg-height=\"495\"></p><p><blockquote></blockquote></p><p>AMC's Burbank 16 and Century City 15 will reopen this afternoon.</p><p><blockquote>AMC的伯班克16号和世纪城15号将于今天下午重新开放。</blockquote></p><p>Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.</p><p><blockquote>与此同时，洛杉矶县剩余的23家电影院将于3月19日星期五恢复营业。只要当地批准到位，该公司计划于周五开设几乎所有56家加州门店。</blockquote></p><p>\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.</p><p><blockquote>“从洛杉矶重新开放的规模来看，作为一个电影市场，洛杉矶DMA的规模大约是纽约市市场的两倍，纽约市市场上周末刚刚成为我们票房第一的DMA，”AMC首席执行官亚当·阿伦(Adam Aron)说道。</blockquote></p><p>Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.</p><p><blockquote>与此同时，AMC的各种集会和股权融资导致中国大连万达集团失去了多数控制权，尽管它仍然是其最大股东。</blockquote></p><p>As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.</p><p><blockquote>截至10月，万达持有AMC 37.7%的股份和64.5%的投票权，但AMC指出，万达目前已将其持股和投票权缩减至9.8%。</blockquote></p><p>AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.</p><p><blockquote>AMC本周还在财报中指出，它已经与华纳兄弟达成了一项可以接受的交易，以便即使这些电影同时出现在HBO Max上，也能继续播放它们。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-15 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC Entertainment&nbsp;is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.</p><p><blockquote>AMC院线股价上涨17.83%，该公司计划本周重新开放几乎所有加州门店，从今天开始在洛杉机开设两家旗舰店。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c13207d6d736ff15684ecc67214e7b0\" tg-width=\"724\" tg-height=\"495\"></p><p><blockquote></blockquote></p><p>AMC's Burbank 16 and Century City 15 will reopen this afternoon.</p><p><blockquote>AMC的伯班克16号和世纪城15号将于今天下午重新开放。</blockquote></p><p>Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.</p><p><blockquote>与此同时，洛杉矶县剩余的23家电影院将于3月19日星期五恢复营业。只要当地批准到位，该公司计划于周五开设几乎所有56家加州门店。</blockquote></p><p>\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.</p><p><blockquote>“从洛杉矶重新开放的规模来看，作为一个电影市场，洛杉矶DMA的规模大约是纽约市市场的两倍，纽约市市场上周末刚刚成为我们票房第一的DMA，”AMC首席执行官亚当·阿伦(Adam Aron)说道。</blockquote></p><p>Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.</p><p><blockquote>与此同时，AMC的各种集会和股权融资导致中国大连万达集团失去了多数控制权，尽管它仍然是其最大股东。</blockquote></p><p>As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.</p><p><blockquote>截至10月，万达持有AMC 37.7%的股份和64.5%的投票权，但AMC指出，万达目前已将其持股和投票权缩减至9.8%。</blockquote></p><p>AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.</p><p><blockquote>AMC本周还在财报中指出，它已经与华纳兄弟达成了一项可以接受的交易，以便即使这些电影同时出现在HBO Max上，也能继续播放它们。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168136589","content_text":"AMC Entertainment is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.AMC's Burbank 16 and Century City 15 will reopen this afternoon.Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":386997919,"gmtCreate":1613123930531,"gmtModify":1631890449850,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTNB\">$Bridgetown 2 Holdings Ltd(BTNB)$</a>祝愿大家也赚钱","listText":"<a href=\"https://laohu8.com/S/BTNB\">$Bridgetown 2 Holdings Ltd(BTNB)$</a>祝愿大家也赚钱","text":"$Bridgetown 2 Holdings Ltd(BTNB)$祝愿大家也赚钱","images":[{"img":"https://static.tigerbbs.com/78d85666757d786ecfc7e3737327d050","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386997919","isVote":1,"tweetType":1,"viewCount":1324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":386996846,"gmtCreate":1613123578185,"gmtModify":1634554445088,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"bitcoin是时空货币$50000快来了","listText":"bitcoin是时空货币$50000快来了","text":"bitcoin是时空货币$50000快来了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386996846","repostId":"1179092967","repostType":4,"isVote":1,"tweetType":1,"viewCount":2034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":386998898,"gmtCreate":1613123406014,"gmtModify":1634554445553,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Oil will be back","listText":"Oil will be back","text":"Oil will be back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386998898","repostId":"2110904027","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":348739115,"gmtCreate":1617961419437,"gmtModify":1631888129247,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTWN\">$Bridgetown Holdings Limited(BTWN)$</a>Don’t get let the sharks shake you off a gold pass, 75m&nbsp;outstanding shares at&nbsp;$5b valuation. Each share should be worth at least&nbsp;$66. HODL","listText":"<a href=\"https://laohu8.com/S/BTWN\">$Bridgetown Holdings Limited(BTWN)$</a>Don’t get let the sharks shake you off a gold pass, 75m&nbsp;outstanding shares at&nbsp;$5b valuation. Each share should be worth at least&nbsp;$66. HODL","text":"$Bridgetown Holdings Limited(BTWN)$Don’t get let the sharks shake you off a gold pass, 75m outstanding shares at $5b valuation. Each share should be worth at least $66. HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348739115","isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376659196,"gmtCreate":1619113777115,"gmtModify":1634288452303,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Never chase the wild goose 😂","listText":"Never chase the wild goose 😂","text":"Never chase the wild goose 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376659196","repostId":"1171301745","repostType":2,"repost":{"id":"1171301745","kind":"news","pubTimestamp":1619107041,"share":"https://www.laohu8.com/m/news/1171301745?lang=zh_CN&edition=full","pubTime":"2021-04-22 23:57","market":"us","language":"en","title":"Warren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171301745","media":"MarketWatch","summary":"Be skeptical of fads, fashions and trends and operate within your circle of competence\nMarketWatch p","content":"<p>Be skeptical of fads, fashions and trends and operate within your circle of competence</p><p><blockquote>对时尚、流行和趋势持怀疑态度，并在自己的能力范围内运作</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db221b5c38828963f24b035309d8303e\" tg-width=\"1260\" tg-height=\"876\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch照片插图/iStockphoto</span></p></blockquote></p><p> As the old joke goes, St. Peter had some bad news for an oil&nbsp;prospector&nbsp;who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”</p><p><blockquote>正如一个古老的笑话所说，圣彼得对一个出现在天堂之门的石油勘探者有一些坏消息：“你有资格进入，”圣彼得说，“但是，正如你所看到的，石油勘探者区挤满了人。没有办法让你进去。”</blockquote></p><p> After a moment, the prospector asked to say just four words to the present occupants.&nbsp;That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”&nbsp; Immediately, most of the oil prospectors stampeded out for the nether regions.&nbsp;Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.&nbsp; There might be some truth to that rumor after all.”</p><p><blockquote>过了一会儿，探矿者要求对现在的居住者只说四个字。这对圣彼得来说似乎无害，所以探矿者喊道：“在地狱发现了石油！”随即，大多数石油勘探者纷纷涌向幽冥地区。圣彼得印象深刻，邀请探矿者搬进来，过得舒适些。探矿者停顿了一下，说：“不，我想我会和其他人一起去。毕竟那个谣言可能有一定的真实性。”</blockquote></p><p> Let that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.</p><p><blockquote>让这成为对首席执行官和股东的警告。避开谣言和自欺欺人一直是沃伦·巴菲特的关键规则之一，多年来在伯克希尔·哈撒韦公司根深蒂固。我们都需要反复听到这样的教训，因为现实的诱惑总是与我们的理想交战。</blockquote></p><p> The serial frenzies in meme stocks like&nbsp;GameStop&nbsp;and cryptocurrencies like dogecoin&nbsp;make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.</p><p><blockquote>游戏驿站等模因股票和狗狗币等加密货币的一系列狂热使得现在是对比投资者应该做什么和许多人似乎在做什么的好时机。考虑到伯克希尔和加密货币的忠实粉丝数量庞大，比较它们是恰当的：估计有3000万美国人交易过加密货币，预计将有3000万人观看今年5月1日举行的伯克希尔虚拟年会。</blockquote></p><p> Buffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts.&nbsp;</p><p><blockquote>巴菲特将伯克希尔定义为一家具有合伙人态度的公司。每个投资者的股份价值将同步上升（或下降）。这与许多人似乎用迷因股票或大部分加密货币领域来看待公司形成了鲜明对比。那里的文化就像赌场一样，少数人收获难以想象的财富，而绝大多数人却输光了。</blockquote></p><p> Moreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board. &nbsp;</p><p><blockquote>而且，伯克希尔的文化强调耐心和恒久。理想情况下，该公司永远持有投资和业务，并鼓励其股东无论同甘共苦都无限期持有。在迷因股票和加密货币交易的世界里，一个强有力的规范有利于立即将发薪日利润从董事会中扣除。 </blockquote></p><p> Relatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.</p><p><blockquote>与此相关的是，伯克希尔的理想承认，积累资本需要几十年的时间，积累财富需要技能和时间，以及一点运气。相比之下，那些努力快速致富的人——而且毫不费力。今天，一些投资市场参与者甚至似乎认为，每个人都应该富有，这是一种权利。</blockquote></p><p> The ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.</p><p><blockquote>理想的伯克希尔投资者关注业务、运营策略、产品或服务以及竞争优势。对于迷因加密世界中的许多人来说，重要的是炒作和肾上腺素，而不是是否有商业计划，更不用说运营或客户了。伯克希尔模型对时尚、时尚和趋势持怀疑态度，而狗狗币和其他加密货币则靠这些蓬勃发展。</blockquote></p><p> This leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish&nbsp;“blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.</p><p><blockquote>这就引出了伯克希尔经典的基本原则：能力圈。它规定只投资于你只要付出适度的努力就能理解的东西。这至少不包括一些模因股票和许多目前流行的“空白支票”IPO合并。对于大多数人来说，加密货币超出了他们的能力范围。事实上，如今大量投资者似乎远远超出了他们的能力范围。</blockquote></p><p> For investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.</p><p><blockquote>对于自己能力范围内的投资，伯克希尔的追随者意识到价格波动很大，没有人能够预测这种波动。“市场先生”是一个喜怒无常的狂躁者，总是愿意以现行价格与你交易，有时高，有时低。</blockquote></p><p> Following from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the&nbsp;three most important words in investing.</p><p><blockquote>根据个人能力的限制和市场的波动，伯克希尔的剧本要求支付的价格和收到的价值之间有很大的差距。在伯克希尔的价值投资词典中，这就是“安全边际”，巴菲特早就说过，这是投资中最重要的三个词。</blockquote></p><p> Finally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”</p><p><blockquote>最后，除了避免散布谣言和自欺欺人之外，伯克希尔的剧本还说要小心他人的妄想。伯克希尔副董事长查理·芒格讲述了一个在明尼苏达州利奇湖钓麝香鱼的故事。一位来访的垂钓者问当地导游：“这个湖里有钓到麝香鱼吗？”</blockquote></p><p> “More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.&nbsp; “This lake is famous for muskies.”</p><p><blockquote>“这个湖捕获的麝香鱼比明尼苏达州任何其他湖都多，”向导回答说，“这个湖以麝香鱼闻名。”</blockquote></p><p> “How long have you been fishing here?”</p><p><blockquote>“你在这里钓鱼多久了？”</blockquote></p><p> “Nineteen years,” the guide said.</p><p><blockquote>“十九年，”向导说。</blockquote></p><p> “And how many muskies have you caught?”</p><p><blockquote>“你抓了多少麝香猫？”</blockquote></p><p> “None.”</p><p><blockquote>“没有。”</blockquote></p><p></p><p> So the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”</p><p><blockquote>所以，下次有人告诉你日内交易创造了数不清的财富时，问问他们，“你存了多少现金？”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’<blockquote>沃伦·巴菲特可以向狗狗币、游戏驿站和其他热门趋势的交易者传授一些关于沃伦·巴菲特先生的知识。市场'</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-22 23:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Be skeptical of fads, fashions and trends and operate within your circle of competence</p><p><blockquote>对时尚、流行和趋势持怀疑态度，并在自己的能力范围内运作</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db221b5c38828963f24b035309d8303e\" tg-width=\"1260\" tg-height=\"876\"><span>MarketWatch photo illustration/iStockphoto</span></p><p><blockquote><p class=\"t-img-caption\"><span>MarketWatch照片插图/iStockphoto</span></p></blockquote></p><p> As the old joke goes, St. Peter had some bad news for an oil&nbsp;prospector&nbsp;who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”</p><p><blockquote>正如一个古老的笑话所说，圣彼得对一个出现在天堂之门的石油勘探者有一些坏消息：“你有资格进入，”圣彼得说，“但是，正如你所看到的，石油勘探者区挤满了人。没有办法让你进去。”</blockquote></p><p> After a moment, the prospector asked to say just four words to the present occupants.&nbsp;That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”&nbsp; Immediately, most of the oil prospectors stampeded out for the nether regions.&nbsp;Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.&nbsp; There might be some truth to that rumor after all.”</p><p><blockquote>过了一会儿，探矿者要求对现在的居住者只说四个字。这对圣彼得来说似乎无害，所以探矿者喊道：“在地狱发现了石油！”随即，大多数石油勘探者纷纷涌向幽冥地区。圣彼得印象深刻，邀请探矿者搬进来，过得舒适些。探矿者停顿了一下，说：“不，我想我会和其他人一起去。毕竟那个谣言可能有一定的真实性。”</blockquote></p><p> Let that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.</p><p><blockquote>让这成为对首席执行官和股东的警告。避开谣言和自欺欺人一直是沃伦·巴菲特的关键规则之一，多年来在伯克希尔·哈撒韦公司根深蒂固。我们都需要反复听到这样的教训，因为现实的诱惑总是与我们的理想交战。</blockquote></p><p> The serial frenzies in meme stocks like&nbsp;GameStop&nbsp;and cryptocurrencies like dogecoin&nbsp;make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.</p><p><blockquote>游戏驿站等模因股票和狗狗币等加密货币的一系列狂热使得现在是对比投资者应该做什么和许多人似乎在做什么的好时机。考虑到伯克希尔和加密货币的忠实粉丝数量庞大，比较它们是恰当的：估计有3000万美国人交易过加密货币，预计将有3000万人观看今年5月1日举行的伯克希尔虚拟年会。</blockquote></p><p> Buffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts.&nbsp;</p><p><blockquote>巴菲特将伯克希尔定义为一家具有合伙人态度的公司。每个投资者的股份价值将同步上升（或下降）。这与许多人似乎用迷因股票或大部分加密货币领域来看待公司形成了鲜明对比。那里的文化就像赌场一样，少数人收获难以想象的财富，而绝大多数人却输光了。</blockquote></p><p> Moreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board. &nbsp;</p><p><blockquote>而且，伯克希尔的文化强调耐心和恒久。理想情况下，该公司永远持有投资和业务，并鼓励其股东无论同甘共苦都无限期持有。在迷因股票和加密货币交易的世界里，一个强有力的规范有利于立即将发薪日利润从董事会中扣除。 </blockquote></p><p> Relatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.</p><p><blockquote>与此相关的是，伯克希尔的理想承认，积累资本需要几十年的时间，积累财富需要技能和时间，以及一点运气。相比之下，那些努力快速致富的人——而且毫不费力。今天，一些投资市场参与者甚至似乎认为，每个人都应该富有，这是一种权利。</blockquote></p><p> The ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.</p><p><blockquote>理想的伯克希尔投资者关注业务、运营策略、产品或服务以及竞争优势。对于迷因加密世界中的许多人来说，重要的是炒作和肾上腺素，而不是是否有商业计划，更不用说运营或客户了。伯克希尔模型对时尚、时尚和趋势持怀疑态度，而狗狗币和其他加密货币则靠这些蓬勃发展。</blockquote></p><p> This leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish&nbsp;“blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.</p><p><blockquote>这就引出了伯克希尔经典的基本原则：能力圈。它规定只投资于你只要付出适度的努力就能理解的东西。这至少不包括一些模因股票和许多目前流行的“空白支票”IPO合并。对于大多数人来说，加密货币超出了他们的能力范围。事实上，如今大量投资者似乎远远超出了他们的能力范围。</blockquote></p><p> For investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.</p><p><blockquote>对于自己能力范围内的投资，伯克希尔的追随者意识到价格波动很大，没有人能够预测这种波动。“市场先生”是一个喜怒无常的狂躁者，总是愿意以现行价格与你交易，有时高，有时低。</blockquote></p><p> Following from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the&nbsp;three most important words in investing.</p><p><blockquote>根据个人能力的限制和市场的波动，伯克希尔的剧本要求支付的价格和收到的价值之间有很大的差距。在伯克希尔的价值投资词典中，这就是“安全边际”，巴菲特早就说过，这是投资中最重要的三个词。</blockquote></p><p> Finally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”</p><p><blockquote>最后，除了避免散布谣言和自欺欺人之外，伯克希尔的剧本还说要小心他人的妄想。伯克希尔副董事长查理·芒格讲述了一个在明尼苏达州利奇湖钓麝香鱼的故事。一位来访的垂钓者问当地导游：“这个湖里有钓到麝香鱼吗？”</blockquote></p><p> “More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.&nbsp; “This lake is famous for muskies.”</p><p><blockquote>“这个湖捕获的麝香鱼比明尼苏达州任何其他湖都多，”向导回答说，“这个湖以麝香鱼闻名。”</blockquote></p><p> “How long have you been fishing here?”</p><p><blockquote>“你在这里钓鱼多久了？”</blockquote></p><p> “Nineteen years,” the guide said.</p><p><blockquote>“十九年，”向导说。</blockquote></p><p> “And how many muskies have you caught?”</p><p><blockquote>“你抓了多少麝香猫？”</blockquote></p><p> “None.”</p><p><blockquote>“没有。”</blockquote></p><p></p><p> So the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”</p><p><blockquote>所以，下次有人告诉你日内交易创造了数不清的财富时，问问他们，“你存了多少现金？”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/warren-buffett-could-teach-traders-in-dogecoin-gamestop-and-other-hot-trends-a-few-things-about-mr-market-11619079021?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AMC":"AMC院线",".SPX":"S&P 500 Index","GME":"游戏驿站","GBTC":"比特币ETF-Grayscale",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/warren-buffett-could-teach-traders-in-dogecoin-gamestop-and-other-hot-trends-a-few-things-about-mr-market-11619079021?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171301745","content_text":"Be skeptical of fads, fashions and trends and operate within your circle of competence\nMarketWatch photo illustration/iStockphoto\nAs the old joke goes, St. Peter had some bad news for an oil prospector who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”\nAfter a moment, the prospector asked to say just four words to the present occupants. That seemed harmless to St. Peter, so the prospector yelled, “Oil discovered in hell!”  Immediately, most of the oil prospectors stampeded out for the nether regions. Impressed, St. Peter invited the prospector to move in and get comfortable. The prospector paused, saying “No, I think I’ll go along with the rest of them.  There might be some truth to that rumor after all.”\nLet that be a warning to CEOs and shareholders. Steering clear of rumors and self-delusion has been one of Warren Buffett’s key rules, ingrained into Berkshire Hathaway for years. We all need to hear such lessons repeatedly because reality’s temptations are always at war with our ideals.\nThe serial frenzies in meme stocks like GameStop and cryptocurrencies like dogecoin make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americanshave traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.\nBuffett defines Berkshire as a corporation with a partnership attitude. The value of each investor’s stake will rise (or fall) in lock step. This contrasts with how many seem to view companies with meme stocks or most of the crypto space. There, the culture is casino-like, where a small few stand to reap unimaginable riches while the overwhelming majority lose their shirts. \nMoreover, Berkshire’s culture emphasizes patience and permanence. The company ideally holds investments and businesses forever and encourages its shareholders to hold indefinitely, through thick and thin. In the world of meme stocks and cryptocurrency trading, a strong norm favors immediate payday profits to be taken off the board.  \nRelatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.\nThe ideal Berkshire investor focuses on business, operating strategies, products or services and competitive advantages. For many in the meme-crypto world, what counts is hype and adrenaline, not whether there’s a business plan, let alone operations or customers. The Berkshire model is skeptical of fads, fashions and trends, while dogecoin and other cryptos thrive on these.\nThis leads to the Berkshire canon’s cardinal principle: the circle of competence. It prescribes to invest only in what you can understand with a moderate amount of effort. This excludes at least some meme stocks and many currently faddish “blank-check” IPO-mergers. For most people, cryptocurrencies are outside of their circle of competence. Indeed, large numbers of investors nowadays appear to be way out of their circle of competence.\nFor investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.\nFollowing from both the limits of personal competence and the whims of markets, the Berkshire playbook demands a wide margin between the price paid and the value received. In Berkshire’s value-investing lexicon, this is the “margin of safety,” and Buffett has long said that these are the three most important words in investing.\nFinally, besides avoiding rumor-mongering and self-delusion, the Berkshire playbook says to beware the delusions of others. Berkshire’s Vice Chairman, Charlie Munger, tells a story about fishing for muskies at Leech Lake in Minnesota. A visiting angler asked the local guide, “Are any muskies caught in this lake?”\n“More muskies are caught in this lake than in any other lake in Minnesota,” the guide replied.  “This lake is famous for muskies.”\n“How long have you been fishing here?”\n“Nineteen years,” the guide said.\n“And how many muskies have you caught?”\n“None.”\nSo the next time someone tells you of the untold riches being made in day trading, ask them, “How much cash have you banked?”","news_type":1,"symbols_score_info":{"GBTC":0.9,".IXIC":0.9,"XBTmain":0.9,"BTCmain":0.9,".DJI":0.9,".SPX":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343591399,"gmtCreate":1617722638611,"gmtModify":1634296890857,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","listText":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","text":"They are just warming up their batteries 😂engines, wait till Q4 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343591399","repostId":"1115618527","repostType":2,"repost":{"id":"1115618527","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617720430,"share":"https://www.laohu8.com/m/news/1115618527?lang=zh_CN&edition=full","pubTime":"2021-04-06 22:47","market":"us","language":"en","title":"'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115618527","media":"Tiger Newspress","summary":"'New force of Chinese car maker' rebound in Tuesday morning trading.Xpeng Motors was up more than 3%","content":"<p>'New force of Chinese car maker' rebound&nbsp;in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.</p><p><blockquote>“中国造车新势力”周二早盘反弹。小鹏汽车涨超3%，蔚来、理想汽车涨超2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8dfde2999bf2477960c9b8a2e500391b\" tg-width=\"428\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'New force of Chinese car maker' rebound<blockquote>“中国造车新势力”反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-06 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>'New force of Chinese car maker' rebound&nbsp;in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.</p><p><blockquote>“中国造车新势力”周二早盘反弹。小鹏汽车涨超3%，蔚来、理想汽车涨超2%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8dfde2999bf2477960c9b8a2e500391b\" tg-width=\"428\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115618527","content_text":"'New force of Chinese car maker' rebound in Tuesday morning trading.Xpeng Motors was up more than 3%,Nio and Li Auto was up more tha 2%.","news_type":1,"symbols_score_info":{"LI":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325893258,"gmtCreate":1615883767774,"gmtModify":1703494415812,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"小鹏要大鹏展翅飞翔了🚀🚀🚀[财迷] [财迷] [财迷]","images":[{"img":"https://static.tigerbbs.com/c0712de042dcfd14e533312eab09237c","width":"750","height":"2193"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325893258","isVote":1,"tweetType":1,"viewCount":1699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":345262616,"gmtCreate":1618319675235,"gmtModify":1634293753189,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Another unicorn 🦄 HODL for the long run","listText":"Another unicorn 🦄 HODL for the long run","text":"Another unicorn 🦄 HODL for the long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345262616","repostId":"1125635474","repostType":2,"isVote":1,"tweetType":1,"viewCount":1784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325143907,"gmtCreate":1615880717209,"gmtModify":1703494373388,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>💎🙌🏻💎🙌🏻Robinhood of Asia not China [财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>💎🙌🏻💎🙌🏻Robinhood of Asia not China [财迷]&nbsp;","text":"$Tiger Brokers(TIGR)$💎🙌🏻💎🙌🏻Robinhood of Asia not China [财迷]","images":[{"img":"https://static.tigerbbs.com/96b14dab638fcbb718523a730e27268a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325143907","isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322448153,"gmtCreate":1615822761972,"gmtModify":1703493672658,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Hit and run stock not pump and dump [开心]&nbsp;","listText":"Hit and run stock not pump and dump [开心]&nbsp;","text":"Hit and run stock not pump and dump [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322448153","repostId":"1168136589","repostType":4,"repost":{"id":"1168136589","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615817089,"share":"https://www.laohu8.com/m/news/1168136589?lang=zh_CN&edition=full","pubTime":"2021-03-15 22:04","market":"us","language":"en","title":"AMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168136589","media":"Tiger Newspress","summary":"AMC Entertainment is17.83% higheron its plans toreopen nearly all of its California locations this w","content":"<p>AMC Entertainment&nbsp;is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.</p><p><blockquote>AMC院线股价上涨17.83%，该公司计划本周重新开放几乎所有加州门店，从今天开始在洛杉机开设两家旗舰店。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c13207d6d736ff15684ecc67214e7b0\" tg-width=\"724\" tg-height=\"495\"></p><p><blockquote></blockquote></p><p>AMC's Burbank 16 and Century City 15 will reopen this afternoon.</p><p><blockquote>AMC的伯班克16号和世纪城15号将于今天下午重新开放。</blockquote></p><p>Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.</p><p><blockquote>与此同时，洛杉矶县剩余的23家电影院将于3月19日星期五恢复营业。只要当地批准到位，该公司计划于周五开设几乎所有56家加州门店。</blockquote></p><p>\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.</p><p><blockquote>“从洛杉矶重新开放的规模来看，作为一个电影市场，洛杉矶DMA的规模大约是纽约市市场的两倍，纽约市市场上周末刚刚成为我们票房第一的DMA，”AMC首席执行官亚当·阿伦(Adam Aron)说道。</blockquote></p><p>Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.</p><p><blockquote>与此同时，AMC的各种集会和股权融资导致中国大连万达集团失去了多数控制权，尽管它仍然是其最大股东。</blockquote></p><p>As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.</p><p><blockquote>截至10月，万达持有AMC 37.7%的股份和64.5%的投票权，但AMC指出，万达目前已将其持股和投票权缩减至9.8%。</blockquote></p><p>AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.</p><p><blockquote>AMC本周还在财报中指出，它已经与华纳兄弟达成了一项可以接受的交易，以便即使这些电影同时出现在HBO Max上，也能继续播放它们。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC jumps about 18% as it plans to open all California locations<blockquote>AMC计划开设所有加州门店，股价上涨约18%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-15 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC Entertainment&nbsp;is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.</p><p><blockquote>AMC院线股价上涨17.83%，该公司计划本周重新开放几乎所有加州门店，从今天开始在洛杉机开设两家旗舰店。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c13207d6d736ff15684ecc67214e7b0\" tg-width=\"724\" tg-height=\"495\"></p><p><blockquote></blockquote></p><p>AMC's Burbank 16 and Century City 15 will reopen this afternoon.</p><p><blockquote>AMC的伯班克16号和世纪城15号将于今天下午重新开放。</blockquote></p><p>Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.</p><p><blockquote>与此同时，洛杉矶县剩余的23家电影院将于3月19日星期五恢复营业。只要当地批准到位，该公司计划于周五开设几乎所有56家加州门店。</blockquote></p><p>\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.</p><p><blockquote>“从洛杉矶重新开放的规模来看，作为一个电影市场，洛杉矶DMA的规模大约是纽约市市场的两倍，纽约市市场上周末刚刚成为我们票房第一的DMA，”AMC首席执行官亚当·阿伦(Adam Aron)说道。</blockquote></p><p>Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.</p><p><blockquote>与此同时，AMC的各种集会和股权融资导致中国大连万达集团失去了多数控制权，尽管它仍然是其最大股东。</blockquote></p><p>As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.</p><p><blockquote>截至10月，万达持有AMC 37.7%的股份和64.5%的投票权，但AMC指出，万达目前已将其持股和投票权缩减至9.8%。</blockquote></p><p>AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.</p><p><blockquote>AMC本周还在财报中指出，它已经与华纳兄弟达成了一项可以接受的交易，以便即使这些电影同时出现在HBO Max上，也能继续播放它们。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168136589","content_text":"AMC Entertainment is17.83% higheron its plans toreopen nearly all of its California locations this week, startingwith two flagship locations in Los Angeles today.AMC's Burbank 16 and Century City 15 will reopen this afternoon.Meanwhile, the remaining 23 movie theaters in Los Angeles County will be back in action on Friday, March 19. And the company plans to open nearly all 56 California locations Friday so long as local approvals are in place.\"To put the magnitude of Los Angeles reopening in perspective, as a movie market, the L.A. DMA is about double the size of the New York City market, which just finished last weekend as the No. 1 DMA in our circuit for box office,\" says AMC CEO Adam Aron.Meanwhile, AMC's various rallies and equity raises have resulted in China's Dalian Wanda Group losing majority control, though it continues to be its largest shareholder.As of October, Wanda held 37.7% of AMC and 64.5% of its voting power, but AMC notes Wanda has now shrunk its stake and voting power to 9.8%.AMC also indicated in its earnings this week that it had come to an acceptable deal with Warner Bros. in order tokeep exhibiting those films even as they appear simultaneously on HBO Max.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860487511,"gmtCreate":1632198919533,"gmtModify":1632802110227,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","listText":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","text":"🪤https://fortune.com/2021/09/20/stocks-today-stock-seloff-s-and-p-500-metrics-50-day-moving-average/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860487511","repostId":"1102179356","repostType":4,"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860484118,"gmtCreate":1632198805434,"gmtModify":1632802111746,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"Are&nbsp;Hedggies looking for scapegoats?","listText":"Are&nbsp;Hedggies looking for scapegoats?","text":"Are Hedggies looking for scapegoats?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860484118","repostId":"1137129092","repostType":2,"repost":{"id":"1137129092","kind":"news","pubTimestamp":1632195526,"share":"https://www.laohu8.com/m/news/1137129092?lang=zh_CN&edition=full","pubTime":"2021-09-21 11:38","market":"us","language":"en","title":"One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137129092","media":"MarketWatch","summary":"Break of a key support level is not a good reason to sell\nThe S&P 500’s breaking below its 50-day mo","content":"<p>Break of a key support level is not a good reason to sell</p><p><blockquote>突破关键支撑位并不是卖出的好理由</blockquote></p><p> The S&amp;P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&amp;P 500&nbsp;over the past four decades has performed better than average when the market was below its trailing-50-day average.</p><p><blockquote>标普500上周五跌破50日均线并不是卖出的好理由。事实上，过去四十年来，当市场低于过去50天平均水平时，标普500的表现优于平均水平。</blockquote></p><p> There’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”</p><p><blockquote>没有办法知道周一股市暴跌有多少是由下意识的技术人员造成的，他们因为周五的行动而决定积累现金。但这无疑起到了作用。《巴伦周刊》将50日均线的突破称为“比缩减、税收和中国恒大集团加起来还要可怕”。</blockquote></p><p> My review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&amp;P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&amp;P 500 was below its moving average — not above.</p><p><blockquote>我对美国股市历史的回顾未能找到这种世界末日情景的统计支持，正如您可以从附图中的摘要数据中看到的那样。它显示了股市在接下来的一个月、一个季度、六个月和一年中的平均表现，具体取决于标普500的交易价格是高于还是低于其50天移动平均线。请注意，在标普500低于移动平均线（而不是高于移动平均线）的几天后，回报率略好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b62cc6aefb107b17fa100562f9b0fb2\" tg-width=\"700\" tg-height=\"501\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.</p><p><blockquote>这与人们普遍认为周一的暴跌是由市场突破50日均线引发的相反。</blockquote></p><p> I hasten to add that you should not conclude that, because the S&amp;P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.</p><p><blockquote>我赶紧补充一点，你不应该因为标普500现在低于50日移动平均线就得出这样的结论，你应该变得更加看涨。图表中绘制的差异在统计学家在确定模式是否真实时经常使用的95%置信水平下并不显著。</blockquote></p><p> The investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.</p><p><blockquote>相反，你应该从图表中得出的投资含义是，如果你根据市场相对于50天移动平均线的位置来预测股市的未来，你就处于危险的境地。</blockquote></p><p> It should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined&nbsp;seven other possible causes&nbsp;of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&amp;P 500 breaking below its 50-day moving average.</p><p><blockquote>这应该是显而易见的，但我还是要提醒你：未来几周股市仍可能下跌。MarketWatch概述了这种下降的其他七个可能原因，我还可以补充一个：不利的情绪。这一分析更广泛的观点是，如果股市确实下跌，不要将其归咎于标普500跌破50日移动平均线。</blockquote></p><p> <b>Pre-1980 experience</b></p><p><blockquote><b>1980年以前的经验</b></blockquote></p><p> I chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.</p><p><blockquote>我选择1980年作为本专栏分析的数据截止日期，因为直到20世纪80年代，指数基金才开始广泛使用，投资者通过单笔交易买卖整个市场变得相对容易。记住这一点至关重要，因为50日移动平均线在1980年之前确实有更好的记录。但没有简单的方法可以在不产生大量交易成本的情况下真正遵循其信号。我的研究表明，在1980年之前的20世纪，在考虑交易成本后，简单的50天移动平均线交易系统不会击败简单的买入并持有策略。</blockquote></p><p> Blake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.</p><p><blockquote>布兰代斯大学(Brandeis University)金融学教授布莱克·勒巴伦(Blake LeBaron)告诉我，他怀疑移动平均线交易系统在进出股市变得越来越容易、越来越便宜的同时停止工作，这并非偶然。当太多投资者开始遵循之前成功的策略时，它们就不再起作用，这是市场效率的一个标志。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average<blockquote>对于遭受重创的股市来说，一个充满希望的迹象是：标普500股价低于50日移动平均线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-21 11:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Break of a key support level is not a good reason to sell</p><p><blockquote>突破关键支撑位并不是卖出的好理由</blockquote></p><p> The S&amp;P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&amp;P 500&nbsp;over the past four decades has performed better than average when the market was below its trailing-50-day average.</p><p><blockquote>标普500上周五跌破50日均线并不是卖出的好理由。事实上，过去四十年来，当市场低于过去50天平均水平时，标普500的表现优于平均水平。</blockquote></p><p> There’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”</p><p><blockquote>没有办法知道周一股市暴跌有多少是由下意识的技术人员造成的，他们因为周五的行动而决定积累现金。但这无疑起到了作用。《巴伦周刊》将50日均线的突破称为“比缩减、税收和中国恒大集团加起来还要可怕”。</blockquote></p><p> My review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&amp;P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&amp;P 500 was below its moving average — not above.</p><p><blockquote>我对美国股市历史的回顾未能找到这种世界末日情景的统计支持，正如您可以从附图中的摘要数据中看到的那样。它显示了股市在接下来的一个月、一个季度、六个月和一年中的平均表现，具体取决于标普500的交易价格是高于还是低于其50天移动平均线。请注意，在标普500低于移动平均线（而不是高于移动平均线）的几天后，回报率略好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b62cc6aefb107b17fa100562f9b0fb2\" tg-width=\"700\" tg-height=\"501\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.</p><p><blockquote>这与人们普遍认为周一的暴跌是由市场突破50日均线引发的相反。</blockquote></p><p> I hasten to add that you should not conclude that, because the S&amp;P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.</p><p><blockquote>我赶紧补充一点，你不应该因为标普500现在低于50日移动平均线就得出这样的结论，你应该变得更加看涨。图表中绘制的差异在统计学家在确定模式是否真实时经常使用的95%置信水平下并不显著。</blockquote></p><p> The investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.</p><p><blockquote>相反，你应该从图表中得出的投资含义是，如果你根据市场相对于50天移动平均线的位置来预测股市的未来，你就处于危险的境地。</blockquote></p><p> It should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined&nbsp;seven other possible causes&nbsp;of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&amp;P 500 breaking below its 50-day moving average.</p><p><blockquote>这应该是显而易见的，但我还是要提醒你：未来几周股市仍可能下跌。MarketWatch概述了这种下降的其他七个可能原因，我还可以补充一个：不利的情绪。这一分析更广泛的观点是，如果股市确实下跌，不要将其归咎于标普500跌破50日移动平均线。</blockquote></p><p> <b>Pre-1980 experience</b></p><p><blockquote><b>1980年以前的经验</b></blockquote></p><p> I chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.</p><p><blockquote>我选择1980年作为本专栏分析的数据截止日期，因为直到20世纪80年代，指数基金才开始广泛使用，投资者通过单笔交易买卖整个市场变得相对容易。记住这一点至关重要，因为50日移动平均线在1980年之前确实有更好的记录。但没有简单的方法可以在不产生大量交易成本的情况下真正遵循其信号。我的研究表明，在1980年之前的20世纪，在考虑交易成本后，简单的50天移动平均线交易系统不会击败简单的买入并持有策略。</blockquote></p><p> Blake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.</p><p><blockquote>布兰代斯大学(Brandeis University)金融学教授布莱克·勒巴伦(Blake LeBaron)告诉我，他怀疑移动平均线交易系统在进出股市变得越来越容易、越来越便宜的同时停止工作，这并非偶然。当太多投资者开始遵循之前成功的策略时，它们就不再起作用，这是市场效率的一个标志。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/one-hopeful-sign-for-stocks-s-p-500-is-below-its-50-day-moving-average-11632166237?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/one-hopeful-sign-for-stocks-s-p-500-is-below-its-50-day-moving-average-11632166237?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137129092","content_text":"Break of a key support level is not a good reason to sell\nThe S&P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&P 500 over the past four decades has performed better than average when the market was below its trailing-50-day average.\nThere’s no way of knowing how much of Monday’s stock market plunge was caused by knee-jerk technicians who decided to build up cash because of Friday’s action. But that undoubtedly played a role. Barron’s referred to the breaking of the 50-day moving average as “scarier than tapering, taxes, and China Evergrande Group combined.”\nMy review of U.S. stock market history fails to find statistical support for this doomsday scenario, as you can see from the summary data in the accompanying chart. It shows the stock market’s average performance over the subsequent month-, quarter-, six months-, and year depending on whether the S&P 500 was trading above or below its 50-day moving average. Notice that the returns were slightly better following days when the S&P 500 was below its moving average — not above.\n\nThat’s just the opposite of the widespread narrative that Monday’s plunge was triggered by the market violating its 50-day average.\nI hasten to add that you should not conclude that, because the S&P 500 is now below its 50-day moving average, you should become more bullish. The differences plotted in the chart are not significant at the 95% confidence level that statisticians often use when determining if a pattern is genuine.\nThe investment implication you should instead draw from the chart is that you’re on dangerous ground basing any projections about the stock market’s future on where the market stands relative to its 50-day moving average.\nIt should be obvious, but I’ll remind you of it anyway: The stock market may still decline in coming weeks. MarketWatch outlined seven other possible causes of such a decline, and I can add one more:unfavorable sentiment. The broader point of this analysis is that, if the stock market does decline, don’t blame it on the S&P 500 breaking below its 50-day moving average.\nPre-1980 experience\nI chose 1980 as the data cutoff for this column’s analysis, since it was only in the 1980s that index funds started to become widely available and it became relatively easy for investors to buy or sell the entire market with a single transaction. That’s crucial to keep in mind, since the 50-day moving average did have a somewhat better record prior to 1980. But there would have been no easy way to actually follow its signals without incurring substantial transaction costs. My research suggests that, for the 20thcentury prior to 1980, a simple 50-day moving average trading system would not have beaten a simple buy-and-hold strategy after transaction costs are taken into account.\nBlake LeBaron, a finance professor at Brandeis University, told me that he suspects it’s not an accident that moving-average trading systems stopped working at more or less the same moment that it became easier and cheaper to trade into and out of the stock market. It is a hallmark of market efficiency that previously successful strategies stop working when too many investors begin to follow them.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2001,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355796447,"gmtCreate":1617102741589,"gmtModify":1634522655463,"author":{"id":"3549961947099138","authorId":"3549961947099138","name":"IXC","avatar":"https://static.tigerbbs.com/0aaf74f45f10bbfd1b6452de17f032b1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3549961947099138","idStr":"3549961947099138"},"themes":[],"htmlText":"This is the Uber of online courses let’s go $100","listText":"This is the Uber of online courses let’s go $100","text":"This is the Uber of online courses let’s go 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