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Tzewei94

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2021-04-14

Like and comments please!!

Wells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</blockquote>

2021-04-05

Like and comments old thank you

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2021-04-02

Like and comments

How Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</blockquote>

2021-04-01

Like and comments

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2021-03-31

Help me like and comments old. Thank you

Gold falls below the $1,700 benchmark<blockquote>金价跌破 1,700 美元基准</blockquote>

2021-03-30

Please Comments thanks alot

Biden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</blockquote>

2021-03-26

Like and comments thank you

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2021-03-25

Please like and comments

Apple Failure Modes<blockquote>苹果失效模式</blockquote>

2021-03-24

Please like and comment !!

Netflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</blockquote>

2021-03-23

Buy buy buy!!

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2021-03-18

Like pls

Bitcoin Is Not a Stock<blockquote>比特币不是股票</blockquote>

2021-03-10

Nice

Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</blockquote>

2021-03-08

Buy

Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>

2021-03-06

Wow

Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>

2021-03-02

Keep it up

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and comments please!!","listText":"Like and comments please!!","text":"Like and comments please!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/344690772","repostId":"1167332274","repostType":4,"repost":{"id":"1167332274","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":1618401278,"share":"https://www.laohunote.com/m/news/1167332274?lang=zh_CN&edition=full","pubTime":"2021-04-14 19:54","market":"us","language":"en","title":"Wells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167332274","media":"Tiger Newspress","summary":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on ","content":"<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p><blockquote>（4月14日）富国银行周三公布的第一季度盈利和收入超出预期。</blockquote></p><p>Here’s how the results stacked up to expectations:</p><p><blockquote>以下是结果如何达到预期：</blockquote></p><p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p><blockquote><ul><li>富国银行第一季度收入为 180.63 亿美元，而去年同期为 177.17 亿美元；FactSet 共识 175.18 亿美元。</li><li>富国银行第一季度净利润为 47.42 亿美元，而去年同期为 6.53 亿美元。</li><li>富国银行第一季度每股收益为 1.05 美元，去年同期为 1 美分；事实集共识71美分。</li><li>富国银行第一季度将贷款损失准备金减少16亿美元。</li><li>富国银行第一季度净利息收入下降22%至87.98亿美元。</li><li>富国银行第一季度非利息收入增长 45%，至 96.25 亿美元。</li><li>富国银行第一季度住房贷款上涨 19%。</li><li>富国银行第一季度市场收入增长 19%。</li></ul>富国银行的业绩得益于准备金释放带来的 10.5 亿美元净收益。</blockquote></p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p><blockquote>首席执行官查理·沙夫 (Charlie Scharf) 于 2019 年底接任，他经营的公司仍在从 2016 年虚假账户丑闻中恢复过来。分析师们将渴望听到该银行在安抚监管机构方面取得的任何进展，尤其是美联储下令限制该银行的资产增长。</blockquote></p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p><blockquote>在美国六大银行中，富国银行的华尔街交易和投资银行业务规模最小，由于火热的 IPO 市场和前所未有的美联储支持，这些领域近几个月来一直处于火热状态。</blockquote></p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p><blockquote>去年，富国银行是美国六大银行中唯一一家在美联储年度压力测试后被迫削减股息的银行。该公司还公布了自金融危机以来的第一季度亏损，并宣布将削减数十亿美元的开支。</blockquote></p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p><blockquote>富国银行股价今年已上涨 33%，超过 KBW 银行指数 25% 的涨幅。</blockquote></p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>富国银行股价在盘前交易中下跌 0.48%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><blockquote><b>全公司财务摘要</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><blockquote><b>经营分部及其他亮点：</b></blockquote></p><p><b>Consumer Banking and Lending</b></p><p><blockquote><b>消费银行和贷款</b></blockquote></p><p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><b>Commercial Banking</b></p><p><blockquote><ul><li>平均贷款3531亿美元，下降8%</li><li>平均存款7894亿美元，增长21%</li></ul><b>商业银行</b></blockquote></p><p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><b>Corporate and Investment Banking</b></p><p><blockquote><ul><li>平均贷款1831亿美元，下降19%</li><li>平均存款2080亿美元，增长8%</li></ul><b>企业及投资银行</b></blockquote></p><p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><b>Wealth and Investment Management</b></p><p><blockquote><ul><li>平均贷款2461亿美元，下降5%</li><li>平均交易相关资产为 1,974 亿美元，下降 14%</li><li>平均存款1945亿美元，下降27%</li></ul><b>财富及投资管理</b></blockquote></p><p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><b>Capital</b></p><p><blockquote><ul><li>客户总资产2.1万亿美元，增长28%</li><li>平均贷款808亿美元，增长4%</li><li>平均存款1737亿美元，增长19%</li></ul><b>首都</b></blockquote></p><p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></p><p><blockquote><ul><li>2021 年第一季度回购 1,720 万股普通股，即 5.96 亿美元</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>新闻稿&lt;&lt;&lt;</b></a></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>Wells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</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; 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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\">\nWells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</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\">2021-04-14 19:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p><blockquote>（4月14日）富国银行周三公布的第一季度盈利和收入超出预期。</blockquote></p><p>Here’s how the results stacked up to expectations:</p><p><blockquote>以下是结果如何达到预期：</blockquote></p><p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p><blockquote><ul><li>富国银行第一季度收入为 180.63 亿美元，而去年同期为 177.17 亿美元；FactSet 共识 175.18 亿美元。</li><li>富国银行第一季度净利润为 47.42 亿美元，而去年同期为 6.53 亿美元。</li><li>富国银行第一季度每股收益为 1.05 美元，去年同期为 1 美分；事实集共识71美分。</li><li>富国银行第一季度将贷款损失准备金减少16亿美元。</li><li>富国银行第一季度净利息收入下降22%至87.98亿美元。</li><li>富国银行第一季度非利息收入增长 45%，至 96.25 亿美元。</li><li>富国银行第一季度住房贷款上涨 19%。</li><li>富国银行第一季度市场收入增长 19%。</li></ul>富国银行的业绩得益于准备金释放带来的 10.5 亿美元净收益。</blockquote></p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p><blockquote>首席执行官查理·沙夫 (Charlie Scharf) 于 2019 年底接任，他经营的公司仍在从 2016 年虚假账户丑闻中恢复过来。分析师们将渴望听到该银行在安抚监管机构方面取得的任何进展，尤其是美联储下令限制该银行的资产增长。</blockquote></p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p><blockquote>在美国六大银行中，富国银行的华尔街交易和投资银行业务规模最小，由于火热的 IPO 市场和前所未有的美联储支持，这些领域近几个月来一直处于火热状态。</blockquote></p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p><blockquote>去年，富国银行是美国六大银行中唯一一家在美联储年度压力测试后被迫削减股息的银行。该公司还公布了自金融危机以来的第一季度亏损，并宣布将削减数十亿美元的开支。</blockquote></p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p><blockquote>富国银行股价今年已上涨 33%，超过 KBW 银行指数 25% 的涨幅。</blockquote></p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>富国银行股价在盘前交易中下跌 0.48%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><blockquote><b>全公司财务摘要</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><blockquote><b>经营分部及其他亮点：</b></blockquote></p><p><b>Consumer Banking and Lending</b></p><p><blockquote><b>消费银行和贷款</b></blockquote></p><p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><b>Commercial Banking</b></p><p><blockquote><ul><li>平均贷款3531亿美元，下降8%</li><li>平均存款7894亿美元，增长21%</li></ul><b>商业银行</b></blockquote></p><p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><b>Corporate and Investment Banking</b></p><p><blockquote><ul><li>平均贷款1831亿美元，下降19%</li><li>平均存款2080亿美元，增长8%</li></ul><b>企业及投资银行</b></blockquote></p><p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><b>Wealth and Investment Management</b></p><p><blockquote><ul><li>平均贷款2461亿美元，下降5%</li><li>平均交易相关资产为 1,974 亿美元，下降 14%</li><li>平均存款1945亿美元，下降27%</li></ul><b>财富及投资管理</b></blockquote></p><p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><b>Capital</b></p><p><blockquote><ul><li>客户总资产2.1万亿美元，增长28%</li><li>平均贷款808亿美元，增长4%</li><li>平均存款1737亿美元，增长19%</li></ul><b>首都</b></blockquote></p><p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></p><p><blockquote><ul><li>2021 年第一季度回购 1,720 万股普通股，即 5.96 亿美元</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>新闻稿&lt;&lt;&lt;</b></a></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167332274","content_text":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.Here’s how the results stacked up to expectations:Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.Wells Fargo Q1 net interest income down 22% to $8.798 bln.Wells Fargo Q1 noninterest income up 45% to $9.625 bln.Wells Fargo Q1 home lending up 19%.Wells Fargo Q1 markets revenue up 19%.Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.Wells Fargo Shares dipped 0.48% in premarket trading.Company-wide Financial SummaryOperating Segments and Other Highlights:Consumer Banking and LendingAverage loans of $353.1 billion, down 8%Average deposits of $789.4 billion, up 21%Commercial BankingAverage loans of $183.1 billion, down 19%Average deposits of $208.0 billion, up 8%Corporate and Investment BankingAverage loans of $246.1 billion, down 5%Average trading-related assets of $197.4 billion, down 14%Average deposits of $194.5 billion, down 27%Wealth and Investment ManagementTotal client assets of $2.1 trillion, up 28%Average loans of $80.8 billion, up 4%Average deposits of $173.7 billion, up 19%CapitalRepurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021Press Release <<<","news_type":1,"symbols_score_info":{"WFC":0.9}},"isVote":1,"tweetType":1,"viewCount":2509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349123666,"gmtCreate":1617581672055,"gmtModify":1634520490031,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments old thank you","listText":"Like and comments old thank you","text":"Like and comments old thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/349123666","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":2612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340841324,"gmtCreate":1617377696368,"gmtModify":1634521175182,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340841324","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://www.laohunote.com/m/news/1191998262?lang=zh_CN&edition=full","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<p>  You may not like the answer.  For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p><p><blockquote>你可能不喜欢这个答案。在过去的一年里，投资者享受了有史以来最伟大的反弹行情之一。基准测试后<b>标普500</b>（SNPINDEX:^GSPC）由于冠状病毒大流行前所未有的不确定性，在短短几周内就损失了三分之一的价值，但随后反弹，较低点上涨了约 75%。你可以正确地说，耐心得到了回报。</blockquote></p><p> But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p><p><blockquote>但投资者——尤其是长期投资者——敏锐地意识到另一个现实：股市崩溃或修正的倾向。事情现在可能看起来很好，但下一次大俯冲总是在翅膀里等着。</blockquote></p><p> It begs the question: How likely is astock market crash? Let's take a closer look.</p><p><blockquote>这就引出了一个问题：股市崩盘的可能性有多大？让我们仔细看看。</blockquote></p><p> <b>Double-digit declines occur every 1.87 years, on average</b></p><p><blockquote><b>平均每1.87年出现两位数的下降</b></blockquote></p><p> To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p><p><blockquote>首先，股市调整（即至少下跌10%）在标普500很常见。根据市场分析公司Yardeni Research的数据，自1950年初以来，标普500已经进行了38次调整。这意味着基准指数平均每 1.87 年下降两位数。由于市场触及熊市底部已经一年多了，平均值肯定不受投资者青睐。</blockquote></p><p> However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p><p><blockquote>然而，平均值不过如此……平均值。市场并不遵循平均水平，即使有些人根据历史上发生的事情进行投资。</blockquote></p><p> We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p><p><blockquote>我们可能会进入一个类似于1991年至1996年的时期，那时没有任何修正。或者我们可以延续2010年初以来的主题，平均每19个月进行一次修正。</blockquote></p><p> <b>Corrections have been an historical given within three years of a bear market bottom</b></p><p><blockquote><b>熊市底部三年内的修正是历史性的</b></blockquote></p><p> Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p><p><blockquote>另一个有趣的证据是标普500在触及熊市底部后修正的频率。</blockquote></p><p> Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p><p><blockquote>自 1960 年初（为了简单起见，我选择了一个任意年份）以来，这个广受关注的指数已经经历了九次熊市，包括冠状病毒崩盘。在从前八个熊市低点反弹的过程中，三年内至少有一次两位数的百分比下降。在过去八次熊市底部之后的三年内，总共发生了13次调整（即每次底部之后都有一次或两次）。</blockquote></p><p> Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p><p><blockquote>换句话说，从熊市底部反弹很少是直线走高。然而，自 2020 年 3 月 23 日以来，“涨、涨、走”几乎一直是投资者的主题。历史表明，未来两年内股市很有可能走低。</blockquote></p><p> <b>Crashes frequently occur when this valuation metric is hit</b></p><p><blockquote><b>当这个估值指标被击中时，经常会发生崩溃</b></blockquote></p><p> But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p><p><blockquote>但最确凿的证据可能就是标准普尔500的席勒市盈率（P/E）。这是一个估值指标，用于检查过去 10 年经通胀调整后的平均收入。你可能也知道它是周期性调整市盈率，或CAPE。</blockquote></p><p> As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p><p><blockquote>截至3月30日收盘，标准普尔500的席勒市盈率达到35.61。这是 150 年平均水平 16.8 的两倍多。以持续牛市走势为参数，这是其历史上第二高的读数。</blockquote></p><p> To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p><p><blockquote>在某种程度上，现在的股票估值应该高于历史上的水平是有道理的。这是因为利率接近历史低点，而互联网的接入有效地打破了华尔街和主街之间的壁垒，这些壁垒在过去可能会阻碍市盈率。</blockquote></p><p> However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p><p><blockquote>然而，此前标准普尔 500 指数席勒市盈率突破并维持在 30 水平的情况并没有好结果。在之前的四次席勒市盈率超过并保持在30以上的情况下，基准指数从20%暴跌至89%。尽管如今大萧条时期经历的 89% 暴跌的可能性非常小，但历史上，当估值延长时，就像现在一样，可能会出现大幅下跌。</blockquote></p><p> <b>Keep that cash handy in the event that opportunity knocks</b></p><p><blockquote><b>把现金放在手边，以备不时之需</b></blockquote></p><p> To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p><p><blockquote>回到手头的最初问题，数据非常清楚地表明，股市崩盘或调整的可能性已经大大增加。不可能准确预测崩盘何时发生，下跌将持续多长时间，或者下跌幅度有多大。但数据强烈表明，下行即将来临。</blockquote></p><p> While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p><p><blockquote>虽然这对一些投资者来说可能是一个令人失望的消息，但不应该如此。崩溃和调整是投资周期的正常部分。更重要的是，它们为投资者提供了以折扣价购买优秀公司的机会。想想那些你可能会因为去年三月没有买入而责备自己的伟大公司。</blockquote></p><p></p><p> The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p><p><blockquote>对崩溃和修正感到兴奋的原因也可以在数据中找到。你看，自1950年初以来，标普500的38次调整中，每一次最终都被牛市反弹搁置了。此外，在过去一个世纪中，标普500的 20 年滚动总回报率（包括股息）从未为负。</blockquote></p><p> If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</p><p><blockquote>如果您需要在调整期间进一步鼓励买入，请记住，标普500 38 个两位数跌幅中有 24 个是在 104 个日历日或更短时间内（3.5 个月或更短时间）触底的。崩溃和修正有时可能会很陡峭，但往往会很快解决。这是你准备好现金以备不时之需的提示。</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>How Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</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\">\nHow Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-02 20:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  You may not like the answer.  For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p><p><blockquote>你可能不喜欢这个答案。在过去的一年里，投资者享受了有史以来最伟大的反弹行情之一。基准测试后<b>标普500</b>（SNPINDEX:^GSPC）由于冠状病毒大流行前所未有的不确定性，在短短几周内就损失了三分之一的价值，但随后反弹，较低点上涨了约 75%。你可以正确地说，耐心得到了回报。</blockquote></p><p> But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p><p><blockquote>但投资者——尤其是长期投资者——敏锐地意识到另一个现实：股市崩溃或修正的倾向。事情现在可能看起来很好，但下一次大俯冲总是在翅膀里等着。</blockquote></p><p> It begs the question: How likely is astock market crash? Let's take a closer look.</p><p><blockquote>这就引出了一个问题：股市崩盘的可能性有多大？让我们仔细看看。</blockquote></p><p> <b>Double-digit declines occur every 1.87 years, on average</b></p><p><blockquote><b>平均每1.87年出现两位数的下降</b></blockquote></p><p> To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p><p><blockquote>首先，股市调整（即至少下跌10%）在标普500很常见。根据市场分析公司Yardeni Research的数据，自1950年初以来，标普500已经进行了38次调整。这意味着基准指数平均每 1.87 年下降两位数。由于市场触及熊市底部已经一年多了，平均值肯定不受投资者青睐。</blockquote></p><p> However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p><p><blockquote>然而，平均值不过如此……平均值。市场并不遵循平均水平，即使有些人根据历史上发生的事情进行投资。</blockquote></p><p> We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p><p><blockquote>我们可能会进入一个类似于1991年至1996年的时期，那时没有任何修正。或者我们可以延续2010年初以来的主题，平均每19个月进行一次修正。</blockquote></p><p> <b>Corrections have been an historical given within three years of a bear market bottom</b></p><p><blockquote><b>熊市底部三年内的修正是历史性的</b></blockquote></p><p> Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p><p><blockquote>另一个有趣的证据是标普500在触及熊市底部后修正的频率。</blockquote></p><p> Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p><p><blockquote>自 1960 年初（为了简单起见，我选择了一个任意年份）以来，这个广受关注的指数已经经历了九次熊市，包括冠状病毒崩盘。在从前八个熊市低点反弹的过程中，三年内至少有一次两位数的百分比下降。在过去八次熊市底部之后的三年内，总共发生了13次调整（即每次底部之后都有一次或两次）。</blockquote></p><p> Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p><p><blockquote>换句话说，从熊市底部反弹很少是直线走高。然而，自 2020 年 3 月 23 日以来，“涨、涨、走”几乎一直是投资者的主题。历史表明，未来两年内股市很有可能走低。</blockquote></p><p> <b>Crashes frequently occur when this valuation metric is hit</b></p><p><blockquote><b>当这个估值指标被击中时，经常会发生崩溃</b></blockquote></p><p> But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p><p><blockquote>但最确凿的证据可能就是标准普尔500的席勒市盈率（P/E）。这是一个估值指标，用于检查过去 10 年经通胀调整后的平均收入。你可能也知道它是周期性调整市盈率，或CAPE。</blockquote></p><p> As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p><p><blockquote>截至3月30日收盘，标准普尔500的席勒市盈率达到35.61。这是 150 年平均水平 16.8 的两倍多。以持续牛市走势为参数，这是其历史上第二高的读数。</blockquote></p><p> To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p><p><blockquote>在某种程度上，现在的股票估值应该高于历史上的水平是有道理的。这是因为利率接近历史低点，而互联网的接入有效地打破了华尔街和主街之间的壁垒，这些壁垒在过去可能会阻碍市盈率。</blockquote></p><p> However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p><p><blockquote>然而，此前标准普尔 500 指数席勒市盈率突破并维持在 30 水平的情况并没有好结果。在之前的四次席勒市盈率超过并保持在30以上的情况下，基准指数从20%暴跌至89%。尽管如今大萧条时期经历的 89% 暴跌的可能性非常小，但历史上，当估值延长时，就像现在一样，可能会出现大幅下跌。</blockquote></p><p> <b>Keep that cash handy in the event that opportunity knocks</b></p><p><blockquote><b>把现金放在手边，以备不时之需</b></blockquote></p><p> To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p><p><blockquote>回到手头的最初问题，数据非常清楚地表明，股市崩盘或调整的可能性已经大大增加。不可能准确预测崩盘何时发生，下跌将持续多长时间，或者下跌幅度有多大。但数据强烈表明，下行即将来临。</blockquote></p><p> While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p><p><blockquote>虽然这对一些投资者来说可能是一个令人失望的消息，但不应该如此。崩溃和调整是投资周期的正常部分。更重要的是，它们为投资者提供了以折扣价购买优秀公司的机会。想想那些你可能会因为去年三月没有买入而责备自己的伟大公司。</blockquote></p><p></p><p> The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p><p><blockquote>对崩溃和修正感到兴奋的原因也可以在数据中找到。你看，自1950年初以来，标普500的38次调整中，每一次最终都被牛市反弹搁置了。此外，在过去一个世纪中，标普500的 20 年滚动总回报率（包括股息）从未为负。</blockquote></p><p> If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</p><p><blockquote>如果您需要在调整期间进一步鼓励买入，请记住，标普500 38 个两位数跌幅中有 24 个是在 104 个日历日或更短时间内（3.5 个月或更短时间）触底的。崩溃和修正有时可能会很陡峭，但往往会很快解决。这是你准备好现金以备不时之需的提示。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">Motley Fool</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",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357390135,"gmtCreate":1617236478427,"gmtModify":1634521915346,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/357390135","repostId":"2124703892","repostType":4,"isVote":1,"tweetType":1,"viewCount":2617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354363680,"gmtCreate":1617144921440,"gmtModify":1634522480829,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Help me like and comments old. Thank you","listText":"Help me like and comments old. Thank you","text":"Help me like and comments old. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354363680","repostId":"1130322587","repostType":4,"repost":{"id":"1130322587","kind":"news","pubTimestamp":1617117829,"share":"https://www.laohunote.com/m/news/1130322587?lang=zh_CN&edition=full","pubTime":"2021-03-30 23:23","market":"fut","language":"en","title":"Gold falls below the $1,700 benchmark<blockquote>金价跌破 1,700 美元基准</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130322587","media":"seekingalpha","summary":"Gold continues to drop in Tuesday's trading, falling below the $1,700 watermark -1.53%. Gold is down","content":"<p>Gold continues to drop in Tuesday's trading, falling below the $1,700 watermark&nbsp;-1.53%. Gold is down&nbsp;-11.72%&nbsp;YTD and&nbsp;-18.51%&nbsp;since early August of 2020.</p><p><blockquote>黄金在周二的交易中继续下跌，跌破1700美元水位-1.53%。黄金年初至今下跌-11.72%，自2020年8月初以来下跌-18.51%。</blockquote></p><p>Interestingly enough, bitcoin (BTC-USD), on the other hand, is&nbsp;+1.50%&nbsp;on the day and is&nbsp;+102.88%&nbsp;YTD. Some investors see the digital currency stealing market share from gold as investors have chosen the cryptocurrency over gold of late.</p><p><blockquote>有趣的是，另一方面，比特币（BTC-USD）当天上涨+1.50%，年初至今上涨+102.88%。一些投资者认为数字货币正在从黄金手中窃取市场份额，因为投资者最近选择了加密货币而不是黄金。</blockquote></p><p>This inverse relationship between gold and bitcoin is not a first-time offense. Dating back to the fourth quarter of 2017, bitcoin ran up over&nbsp;300.00%&nbsp;to its then all-time high of $19,458 back on December 18th. During that time, investors saw gold slide over&nbsp;-7.00%&nbsp;to the downside.</p><p><blockquote>黄金和比特币之间的这种反向关系并不是第一次进攻。追溯到2017年第四季度，比特币在12月18日上涨了300.00%以上，达到当时的历史高点19,458美元。在此期间，投资者看到黄金价格下跌超过-7.00%。</blockquote></p><p>While it's possible that bitcoin may be stealing a portion of gold's market share, there are still other significant factors at play. The fact that the&nbsp;vaccine rollout continues to strengthen and virus impacts subside doesn't play well for the haven asset.</p><p><blockquote>尽管比特币可能会窃取部分黄金市场份额，但仍有其他重要因素在起作用。疫苗推广继续加强和病毒影响消退的事实对避风港资产不利。</blockquote></p><p>Below is a YTD chart of the performance on gold and bitcoin.</p><p><blockquote>下面是黄金和比特币的年初至今表现图表。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a204efa6aa1c1a89a34f9ff928318c57\" tg-width=\"624\" tg-height=\"321\" referrerpolicy=\"no-referrer\">For investors looking to learn more about the value of gold, here are a few exchange traded funds worth examining: SPDR Gold Trust ETF(NYSEARCA:GLD), VanEck Vectors Gold Miners ETF(NYSEARCA:GDX), Aberdeen Standard Physical Gold Shares ETF(NYSEARCA:SGOL), and iShares Gold Trust ETF(NYSEARCA:IAU).</p><p><blockquote>对于希望了解更多黄金价值的投资者来说，这里有一些值得研究的交易所交易基金：SPDR Gold Trust ETF(NYSEARCA:GLD)、VanEck Vectors Gold Miners ETF(NYSEARCA:GDX)、Aberdeen Standard Physical Gold Shares ETF(NYSEARCA:SGOL) 和 iShares Gold Trust ETF(NYSEARCA:IAU)。</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>Gold falls below the $1,700 benchmark<blockquote>金价跌破 1,700 美元基准</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\">\nGold falls below the $1,700 benchmark<blockquote>金价跌破 1,700 美元基准</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-03-30 23:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Gold continues to drop in Tuesday's trading, falling below the $1,700 watermark&nbsp;-1.53%. Gold is down&nbsp;-11.72%&nbsp;YTD and&nbsp;-18.51%&nbsp;since early August of 2020.</p><p><blockquote>黄金在周二的交易中继续下跌，跌破1700美元水位-1.53%。黄金年初至今下跌-11.72%，自2020年8月初以来下跌-18.51%。</blockquote></p><p>Interestingly enough, bitcoin (BTC-USD), on the other hand, is&nbsp;+1.50%&nbsp;on the day and is&nbsp;+102.88%&nbsp;YTD. Some investors see the digital currency stealing market share from gold as investors have chosen the cryptocurrency over gold of late.</p><p><blockquote>有趣的是，另一方面，比特币（BTC-USD）当天上涨+1.50%，年初至今上涨+102.88%。一些投资者认为数字货币正在从黄金手中窃取市场份额，因为投资者最近选择了加密货币而不是黄金。</blockquote></p><p>This inverse relationship between gold and bitcoin is not a first-time offense. Dating back to the fourth quarter of 2017, bitcoin ran up over&nbsp;300.00%&nbsp;to its then all-time high of $19,458 back on December 18th. During that time, investors saw gold slide over&nbsp;-7.00%&nbsp;to the downside.</p><p><blockquote>黄金和比特币之间的这种反向关系并不是第一次进攻。追溯到2017年第四季度，比特币在12月18日上涨了300.00%以上，达到当时的历史高点19,458美元。在此期间，投资者看到黄金价格下跌超过-7.00%。</blockquote></p><p>While it's possible that bitcoin may be stealing a portion of gold's market share, there are still other significant factors at play. The fact that the&nbsp;vaccine rollout continues to strengthen and virus impacts subside doesn't play well for the haven asset.</p><p><blockquote>尽管比特币可能会窃取部分黄金市场份额，但仍有其他重要因素在起作用。疫苗推广继续加强和病毒影响消退的事实对避风港资产不利。</blockquote></p><p>Below is a YTD chart of the performance on gold and bitcoin.</p><p><blockquote>下面是黄金和比特币的年初至今表现图表。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a204efa6aa1c1a89a34f9ff928318c57\" tg-width=\"624\" tg-height=\"321\" referrerpolicy=\"no-referrer\">For investors looking to learn more about the value of gold, here are a few exchange traded funds worth examining: SPDR Gold Trust ETF(NYSEARCA:GLD), VanEck Vectors Gold Miners ETF(NYSEARCA:GDX), Aberdeen Standard Physical Gold Shares ETF(NYSEARCA:SGOL), and iShares Gold Trust ETF(NYSEARCA:IAU).</p><p><blockquote>对于希望了解更多黄金价值的投资者来说，这里有一些值得研究的交易所交易基金：SPDR Gold Trust ETF(NYSEARCA:GLD)、VanEck Vectors Gold Miners ETF(NYSEARCA:GDX)、Aberdeen Standard Physical Gold Shares ETF(NYSEARCA:SGOL) 和 iShares Gold Trust ETF(NYSEARCA:IAU)。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3677654-gold-falls-below-the-1700-benchmark\">seekingalpha</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":"https://static.tigerbbs.com/4be30a3c11bd91e9d1f864c6a098fab1","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3677654-gold-falls-below-the-1700-benchmark","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130322587","content_text":"Gold continues to drop in Tuesday's trading, falling below the $1,700 watermark -1.53%. Gold is down -11.72% YTD and -18.51% since early August of 2020.Interestingly enough, bitcoin (BTC-USD), on the other hand, is +1.50% on the day and is +102.88% YTD. Some investors see the digital currency stealing market share from gold as investors have chosen the cryptocurrency over gold of late.This inverse relationship between gold and bitcoin is not a first-time offense. Dating back to the fourth quarter of 2017, bitcoin ran up over 300.00% to its then all-time high of $19,458 back on December 18th. During that time, investors saw gold slide over -7.00% to the downside.While it's possible that bitcoin may be stealing a portion of gold's market share, there are still other significant factors at play. The fact that the vaccine rollout continues to strengthen and virus impacts subside doesn't play well for the haven asset.Below is a YTD chart of the performance on gold and bitcoin.For investors looking to learn more about the value of gold, here are a few exchange traded funds worth examining: SPDR Gold Trust ETF(NYSEARCA:GLD), VanEck Vectors Gold Miners ETF(NYSEARCA:GDX), Aberdeen Standard Physical Gold Shares ETF(NYSEARCA:SGOL), and iShares Gold Trust ETF(NYSEARCA:IAU).","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355296010,"gmtCreate":1617072990530,"gmtModify":1634522806237,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please Comments thanks alot","listText":"Please Comments thanks alot","text":"Please Comments thanks alot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/355296010","repostId":"1139253256","repostType":4,"repost":{"id":"1139253256","kind":"news","pubTimestamp":1617071125,"share":"https://www.laohunote.com/m/news/1139253256?lang=zh_CN&edition=full","pubTime":"2021-03-30 10:25","market":"us","language":"en","title":"Biden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139253256","media":"gCaptain","summary":"The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind p","content":"<p>The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.</p><p><blockquote>拜登政府周一宣布了到 2030 年在美国联邦水域开发 30 千兆瓦（GW）海上风电的目标，预计这将创造数千个就业机会，并需要对港口基础设施和悬挂美国国旗的船舶进行价值数百万美元的投资。</blockquote></p><p>National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.</p><p><blockquote>国家气候顾问吉娜-麦卡锡（Gina McCarthy）、内政部长德布·哈兰德（Stephen）、能源部长詹妮弗-格兰霍姆（Jennifer Granholm）、商务部长吉娜-雷蒙多（Gina Raimondo）和交通部长皮特-布蒂吉格（Pete Buttigieg）周一会见了行业和政府利益相关者，宣布了政府计划中包含的新租赁、资金和目标。</blockquote></p><p>In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.</p><p><blockquote>拜登总统上任第一周就发布了一项行政命令，以扩大海上风电行业的机会，并呼吁美国建设新的基础设施和 “清洁能源经济 ”，以帮助创造数百万个新的就业机会。</blockquote></p><p>According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.</p><p><blockquote>据白宫称，实现 30 吉瓦的目标预计每年将在两岸项目中引发超过 120 亿美元的资本投资，到 2030 年将创造超过 44,000 个海上风电就业岗位。该活动支持的社区还将创造近33,000个额外的就业机会。</blockquote></p><p>Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.</p><p><blockquote>与此同时，内政部海洋能源管理局（BOEM）今天宣布在纽约湾（New York Bight）--长岛和新泽西海岸之间占地 80 万英亩的浅水区--建立一个新的优先风能区。该机构现在将对该地区潜在的海上风电租赁进行环境审查。</blockquote></p><p>“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”</p><p><blockquote>“内政部正在与联邦政府各机构合作，推进拜登-哈里斯政府在联邦土地和水域增加可再生能源开发的目标，”土地和矿产管理首席副助理部长劳拉-丹尼尔-戴维斯（Laura Daniel-Davis）说。“今天的宣布让我们离实现这一目标又近了一步。纽约湾可以在应对气候变化方面发挥核心作用，帮助各州实现可再生能源目标，并帮助创造数千个就业机会。”</blockquote></p><p>Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.</p><p><blockquote>在其他地方，BOEM 打算到 2025 年进行新的租赁销售并完成至少 16 个项目的审查，这代表着美国超过 19 吉瓦的新清洁能源。</blockquote></p><p>According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.</p><p><blockquote>据白宫称，支持海上风电开发的新港口升级投资预计将超过5亿美元，还需要在美国造船厂建造4至6艘专用涡轮机安装船，每艘投资在250美元至5亿美元之间。该计划还需要新的美国工厂，包括每个主要风电场部件（即风力涡轮机机舱、叶片、塔架、基础和海底电缆）建设一到两家工厂。</blockquote></p><p>To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.</p><p><blockquote>为了配合今天的公告，美国交通部（DOT）海事管理局还宣布，将为港务局和其他申请人通过港口基础设施发展计划申请 2.3 亿美元的拨款，用于港口和多式联运基础设施相关项目。这些赠款将支持加强港口基础设施并使其现代化的项目，并可以支持陆上风能项目，例如存储区、堆放区以及风能船的码头，以装载和移动物品到海上风电场。</blockquote></p><p>“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”</p><p><blockquote>“美国交通部长皮特-布蒂吉格（Pete Buttigieg）说：”我们国家的港口是我们关键基础设施的重要组成部分。它们创造了就业机会，使我们的经济更具弹性和可持续性。“这笔资金将建立在当地基础设施投资的基础上，为美国工人和社区带来长期经济效益，同时还将解决气候和公平问题。”</blockquote></p><p>Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.</p><p><blockquote>展望 2050 年，白宫宣布其进一步目标是实现 110 吉瓦的海上风电装机容量，从而在海上风电活动支持的社区创造 77,000 个海上风电就业岗位和 57,000 多个额外就业岗位。</blockquote></p><p></p>","source":"lsy1617071056642","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>Biden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</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\">\nBiden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">gCaptain</strong><span class=\"h-time small\">2021-03-30 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.</p><p><blockquote>拜登政府周一宣布了到 2030 年在美国联邦水域开发 30 千兆瓦（GW）海上风电的目标，预计这将创造数千个就业机会，并需要对港口基础设施和悬挂美国国旗的船舶进行价值数百万美元的投资。</blockquote></p><p>National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.</p><p><blockquote>国家气候顾问吉娜-麦卡锡（Gina McCarthy）、内政部长德布·哈兰德（Stephen）、能源部长詹妮弗-格兰霍姆（Jennifer Granholm）、商务部长吉娜-雷蒙多（Gina Raimondo）和交通部长皮特-布蒂吉格（Pete Buttigieg）周一会见了行业和政府利益相关者，宣布了政府计划中包含的新租赁、资金和目标。</blockquote></p><p>In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.</p><p><blockquote>拜登总统上任第一周就发布了一项行政命令，以扩大海上风电行业的机会，并呼吁美国建设新的基础设施和 “清洁能源经济 ”，以帮助创造数百万个新的就业机会。</blockquote></p><p>According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.</p><p><blockquote>据白宫称，实现 30 吉瓦的目标预计每年将在两岸项目中引发超过 120 亿美元的资本投资，到 2030 年将创造超过 44,000 个海上风电就业岗位。该活动支持的社区还将创造近33,000个额外的就业机会。</blockquote></p><p>Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.</p><p><blockquote>与此同时，内政部海洋能源管理局（BOEM）今天宣布在纽约湾（New York Bight）--长岛和新泽西海岸之间占地 80 万英亩的浅水区--建立一个新的优先风能区。该机构现在将对该地区潜在的海上风电租赁进行环境审查。</blockquote></p><p>“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”</p><p><blockquote>“内政部正在与联邦政府各机构合作，推进拜登-哈里斯政府在联邦土地和水域增加可再生能源开发的目标，”土地和矿产管理首席副助理部长劳拉-丹尼尔-戴维斯（Laura Daniel-Davis）说。“今天的宣布让我们离实现这一目标又近了一步。纽约湾可以在应对气候变化方面发挥核心作用，帮助各州实现可再生能源目标，并帮助创造数千个就业机会。”</blockquote></p><p>Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.</p><p><blockquote>在其他地方，BOEM 打算到 2025 年进行新的租赁销售并完成至少 16 个项目的审查，这代表着美国超过 19 吉瓦的新清洁能源。</blockquote></p><p>According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.</p><p><blockquote>据白宫称，支持海上风电开发的新港口升级投资预计将超过5亿美元，还需要在美国造船厂建造4至6艘专用涡轮机安装船，每艘投资在250美元至5亿美元之间。该计划还需要新的美国工厂，包括每个主要风电场部件（即风力涡轮机机舱、叶片、塔架、基础和海底电缆）建设一到两家工厂。</blockquote></p><p>To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.</p><p><blockquote>为了配合今天的公告，美国交通部（DOT）海事管理局还宣布，将为港务局和其他申请人通过港口基础设施发展计划申请 2.3 亿美元的拨款，用于港口和多式联运基础设施相关项目。这些赠款将支持加强港口基础设施并使其现代化的项目，并可以支持陆上风能项目，例如存储区、堆放区以及风能船的码头，以装载和移动物品到海上风电场。</blockquote></p><p>“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”</p><p><blockquote>“美国交通部长皮特-布蒂吉格（Pete Buttigieg）说：”我们国家的港口是我们关键基础设施的重要组成部分。它们创造了就业机会，使我们的经济更具弹性和可持续性。“这笔资金将建立在当地基础设施投资的基础上，为美国工人和社区带来长期经济效益，同时还将解决气候和公平问题。”</blockquote></p><p>Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.</p><p><blockquote>展望 2050 年，白宫宣布其进一步目标是实现 110 吉瓦的海上风电装机容量，从而在海上风电活动支持的社区创造 77,000 个海上风电就业岗位和 57,000 多个额外就业岗位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://gcaptain.com/biden-administration-announces-major-offshore-wind-push-targeting-30gw-by-2030/\">gCaptain</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":"https://static.tigerbbs.com/a4469a8ed84e5e01abb8c0669f001280","relate_stocks":{},"source_url":"https://gcaptain.com/biden-administration-announces-major-offshore-wind-push-targeting-30gw-by-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139253256","content_text":"The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356987647,"gmtCreate":1616748979389,"gmtModify":1634524211497,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments thank you","listText":"Like and comments thank you","text":"Like and comments thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/356987647","repostId":"1114892411","repostType":4,"isVote":1,"tweetType":1,"viewCount":2357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358371702,"gmtCreate":1616667948106,"gmtModify":1634524658174,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please like and comments","listText":"Please like and comments","text":"Please like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358371702","repostId":"1139908626","repostType":4,"repost":{"id":"1139908626","kind":"news","pubTimestamp":1616663752,"share":"https://www.laohunote.com/m/news/1139908626?lang=zh_CN&edition=full","pubTime":"2021-03-25 17:15","market":"us","language":"en","title":"Apple Failure Modes<blockquote>苹果失效模式</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139908626","media":"Medium","summary":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more…Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows?Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in ","content":"<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰许多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，蒂姆-库克能否在乔布斯去世近十年后继续保持乔布斯苹果 2.0 奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记已经不定期地中断了，因为我正在写一本记录我在科技界流浪汉半个世纪的书。虽然我只在苹果呆了十年，但地心引力发挥了它的吸引力，这本书有时感觉是以那家让我实现两个梦想的公司为中心的：来到美国，领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写下苹果的早期，我开始思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值 2 万亿美元的企业的，它是如何避免我们在业内许多大公司身上看到的 “失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代 iPhone 发布时，他们驳斥了这一威胁，指责苹果有能力在他们的领域发挥作用。然后Android设备出现了，巨头们拒绝退缩：<i>我们知道我们在做什么，看看我们的数字!</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的旧惠普是一个复杂得多的故事。在技术方面，该公司允许其卓越的桌面计算业务被 “廉价 ”的 8 位处理器所颠覆，但真正的问题是文化和政治问题：首席执行官办公室里有一扇旋转门，董事会互相监视，缺乏连贯的企业战略，导致灾难性的收购和分拆..</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又衰落。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。(七十年代中期，我得到了一本《无所不包的经理指南》，我对这项工作的深度和范围感到敬畏）。后来，IBM 最初抓住了 PC 这个产品类别，但由于让微软软件驱动的克隆产品充斥市场，扼杀了它的利润，失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和网络化服务器改变了游戏规则时，IBM 还没有做好准备，几乎破产，但卢-郭士纳（Lou Gerstner）救了他.至少在一段时间内救了他。不幸的是，郭士纳的继任者们未能驾驭云计算的无情增长，现在公司已经分崩离析。现任首席执行官阿尔温德-克里希纳（Arvind Krishna）最近决定将 IBM 拆分为 “两家市场领先、战略专注的公司”。较大的实体保留了IBM的名字，较小但尚未命名的公司剥夺了IBM低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在犯下历史性的、代价高昂的错误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为诺基亚的Windows Phone操作系统提供了特殊的许可条款，结果却看到合作伙伴关系陷入困境。绝望的是，微软在2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，第二年又注销了9亿美元。清理工作留给了2014年从史蒂夫·鲍尔默手中接管的萨蒂亚·纳德拉。从那时起，随着该公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，模仿苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事给苹果带来了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司开始衰落需要不止一个重大错误。苹果地图的处女作和《天线之门》就是例子，虽然令人尴尬，但并没有造成任何持久的伤害。可以肯定的是，连续两款平庸的 iPhone 会对形象和财务产生有害影响，但即便如此，也有可能生存下来，尤其是在当今准饱和的市场中。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的浪潮（Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为推动服务业发展所做的努力，而服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的 iCloud 则是另一回事。诚然，“云 ”是一个非常宽泛的术语，该公司的许多云服务都是理所当然的，几乎看不见。例如，iPhone 照片存储在 PB 或 EB 的云存储中，可以很好地传播到用户的设备上。音乐等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然 iCloud 作为一款产品，自 2008 年 MobileMe（让史蒂夫-乔布斯（Steve Jobs）感到尴尬的交换）以来已经取得了长足的进步，但它往往表现缓慢且存在缺陷（即使是现在，当我尝试 “说话时 ”使用页面时）。它缺乏谷歌和Dropbox所提供的力量和润色。尽管如此，我们不应该指望苹果会像亚马逊网络服务、谷歌云和微软 Azure 那样提供 iCloud 服务。事实上，苹果自己的基础设施部分依赖 AWS 和其他公司——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的一个痛点。虽然该公司率先推出了 Siri，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用的领导者。在日常生活中，我们可以看到 Siri 的实用性和普及性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁 John Giannandrea 能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容小觑。其硬件、软件和供应链管理是无与伦比的。但让我们把重点放在一个不太被称赞的优势上，那就是其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>简单来说，没有<i>司</i>在苹果，没有 iPhone、Mac 或 AirPod 的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击名称可访问有用的职位详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时--我将避免诱人的可能性--工作是围绕<i>项目</i>.项目组是借鉴软件工程、运营、硬件技术等职能组成的。对于产品设计或运营等活动，一些团队成员可能从事多个项目。只要项目存在，该集团就存在，如果产品被取消或上架，该集团就会解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的事情之一是其部门结构，不可避免的竞争、领土争端和资源争夺。当然，客户并不关心部门，他们关心的是产品。苹果坚固、灵活、<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫-乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果不会受到大规模失败的影响，有一天它不会重蹈惠普或 IBM 的覆辙？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>在寻找下一个增长引擎的过程中，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和 “德意志股份公司 ”（德国汽车制造商），要么以更新颖的个人出行方式进军汽车行业。或者它可能会被花在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论组织结构多么强大，苹果和所有公司一样，都容易受到个人平庸的影响：缺乏安全感的 B 级经理会雇佣 C 级球员，而这些球员不会挑战他们的权威或 “专业知识 ”，产品也会因此受到影响。我们知道老组织笑话：当上层的人往下看时，他们看到的是大脑；当较低层的大脑抬头时，他们看到#$$洞。对于一个组织来说，当大脑意识到上层被无能的人殖民，并进入何必麻烦模式时，末日的开始就来了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，我们无法知道苹果是如何努力避免某种形式的退化失败的。</blockquote></p><p></p>","source":"lsy1616663746307","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>Apple Failure Modes<blockquote>苹果失效模式</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\">\nApple Failure Modes<blockquote>苹果失效模式</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Medium</strong><span class=\"h-time small\">2021-03-25 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰许多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，蒂姆-库克能否在乔布斯去世近十年后继续保持乔布斯苹果 2.0 奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记已经不定期地中断了，因为我正在写一本记录我在科技界流浪汉半个世纪的书。虽然我只在苹果呆了十年，但地心引力发挥了它的吸引力，这本书有时感觉是以那家让我实现两个梦想的公司为中心的：来到美国，领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写下苹果的早期，我开始思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值 2 万亿美元的企业的，它是如何避免我们在业内许多大公司身上看到的 “失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代 iPhone 发布时，他们驳斥了这一威胁，指责苹果有能力在他们的领域发挥作用。然后Android设备出现了，巨头们拒绝退缩：<i>我们知道我们在做什么，看看我们的数字!</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的旧惠普是一个复杂得多的故事。在技术方面，该公司允许其卓越的桌面计算业务被 “廉价 ”的 8 位处理器所颠覆，但真正的问题是文化和政治问题：首席执行官办公室里有一扇旋转门，董事会互相监视，缺乏连贯的企业战略，导致灾难性的收购和分拆..</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又衰落。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。(七十年代中期，我得到了一本《无所不包的经理指南》，我对这项工作的深度和范围感到敬畏）。后来，IBM 最初抓住了 PC 这个产品类别，但由于让微软软件驱动的克隆产品充斥市场，扼杀了它的利润，失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和网络化服务器改变了游戏规则时，IBM 还没有做好准备，几乎破产，但卢-郭士纳（Lou Gerstner）救了他.至少在一段时间内救了他。不幸的是，郭士纳的继任者们未能驾驭云计算的无情增长，现在公司已经分崩离析。现任首席执行官阿尔温德-克里希纳（Arvind Krishna）最近决定将 IBM 拆分为 “两家市场领先、战略专注的公司”。较大的实体保留了IBM的名字，较小但尚未命名的公司剥夺了IBM低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在犯下历史性的、代价高昂的错误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为诺基亚的Windows Phone操作系统提供了特殊的许可条款，结果却看到合作伙伴关系陷入困境。绝望的是，微软在2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，第二年又注销了9亿美元。清理工作留给了2014年从史蒂夫·鲍尔默手中接管的萨蒂亚·纳德拉。从那时起，随着该公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，模仿苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事给苹果带来了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司开始衰落需要不止一个重大错误。苹果地图的处女作和《天线之门》就是例子，虽然令人尴尬，但并没有造成任何持久的伤害。可以肯定的是，连续两款平庸的 iPhone 会对形象和财务产生有害影响，但即便如此，也有可能生存下来，尤其是在当今准饱和的市场中。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的浪潮（Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为推动服务业发展所做的努力，而服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的 iCloud 则是另一回事。诚然，“云 ”是一个非常宽泛的术语，该公司的许多云服务都是理所当然的，几乎看不见。例如，iPhone 照片存储在 PB 或 EB 的云存储中，可以很好地传播到用户的设备上。音乐等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然 iCloud 作为一款产品，自 2008 年 MobileMe（让史蒂夫-乔布斯（Steve Jobs）感到尴尬的交换）以来已经取得了长足的进步，但它往往表现缓慢且存在缺陷（即使是现在，当我尝试 “说话时 ”使用页面时）。它缺乏谷歌和Dropbox所提供的力量和润色。尽管如此，我们不应该指望苹果会像亚马逊网络服务、谷歌云和微软 Azure 那样提供 iCloud 服务。事实上，苹果自己的基础设施部分依赖 AWS 和其他公司——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的一个痛点。虽然该公司率先推出了 Siri，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用的领导者。在日常生活中，我们可以看到 Siri 的实用性和普及性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁 John Giannandrea 能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容小觑。其硬件、软件和供应链管理是无与伦比的。但让我们把重点放在一个不太被称赞的优势上，那就是其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>简单来说，没有<i>司</i>在苹果，没有 iPhone、Mac 或 AirPod 的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击名称可访问有用的职位详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时--我将避免诱人的可能性--工作是围绕<i>项目</i>.项目组是借鉴软件工程、运营、硬件技术等职能组成的。对于产品设计或运营等活动，一些团队成员可能从事多个项目。只要项目存在，该集团就存在，如果产品被取消或上架，该集团就会解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的事情之一是其部门结构，不可避免的竞争、领土争端和资源争夺。当然，客户并不关心部门，他们关心的是产品。苹果坚固、灵活、<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫-乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果不会受到大规模失败的影响，有一天它不会重蹈惠普或 IBM 的覆辙？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>在寻找下一个增长引擎的过程中，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和 “德意志股份公司 ”（德国汽车制造商），要么以更新颖的个人出行方式进军汽车行业。或者它可能会被花在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论组织结构多么强大，苹果和所有公司一样，都容易受到个人平庸的影响：缺乏安全感的 B 级经理会雇佣 C 级球员，而这些球员不会挑战他们的权威或 “专业知识 ”，产品也会因此受到影响。我们知道老组织笑话：当上层的人往下看时，他们看到的是大脑；当较低层的大脑抬头时，他们看到#$$洞。对于一个组织来说，当大脑意识到上层被无能的人殖民，并进入何必麻烦模式时，末日的开始就来了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，我们无法知道苹果是如何努力避免某种形式的退化失败的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0\">Medium</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":{"AAPL":"苹果"},"source_url":"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139908626","content_text":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?\n\nThe Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.\nWriting about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.\nNokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’We know what we’re doing,just look at our numbers!’.\nMy good old HP is a much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…\nNo company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.\nA decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.\nMicrosoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.\nWhile these failure stories hold some lessons for Apple, some of them are actually reassuring.\nFor example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.\nApple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.\nWhile iCloud as a product has come a long way since the 2008 MobileMe, the Exchange For The Rest Of Us that embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part depends on AWS and others for its own infrastructure — a contentious internal topic.\nApple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.\nApple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.\nTo simplify, there are no divisions at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are functions as sketched by the Apple Leadership chart (helpful job details are accessed when clicking on the names):\n\nWhen Apple develops a new product — I’ll avoid titillating possibilities — work is organized aroundprojects. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.\nOne of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,functionalorganization helps everyone focus on products and customers.\nIt’s an extremely valuable Steve Jobs legacy.\nDoes this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?\nNo.\nIn a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.\nAnd no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351090032,"gmtCreate":1616543664126,"gmtModify":1634525315319,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please like and comment !!","listText":"Please like and comment !!","text":"Please like and comment !!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/351090032","repostId":"1194045564","repostType":4,"repost":{"id":"1194045564","kind":"news","pubTimestamp":1616512875,"share":"https://www.laohunote.com/m/news/1194045564?lang=zh_CN&edition=full","pubTime":"2021-03-23 23:21","market":"us","language":"en","title":"Netflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194045564","media":"Barrons","summary":"Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rati","content":"<p>Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.</p><p><blockquote>Argus 分析师约瑟夫-邦纳（Joseph Bonner）周二提振了 Netflix 的股价，他将这家流媒体视频巨头的股票评级从持有上调至买入，目标价为 650 美元。</blockquote></p><p> “Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”</p><p><blockquote>“邦纳在一份研究报告中写道：”Netflix 继续制作受欢迎的原创内容，同时也在全球范围内扩张，增加新用户，巩固其行业地位。“我们相信，它在流媒体视频领域拥有可持续的结构性竞争优势。”</blockquote></p><p> As Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.</p><p><blockquote>正如邦纳指出的那样， 该公司最近表示， 预计在不久的将来将实现可持续的自由现金流为正。“他写道：”虽然 Netflix 的估值指标仍远高于同行平均水平，但随着最近的抛售，Netflix 的估值指标有所改善，我们认为这为投资者提供了一个合适的切入点。</blockquote></p><p> Bonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&amp;P 500, 83% for the S&amp;P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.</p><p><blockquote>邦纳认为 Netflix（股票代码：NFLX）的股票看起来很便宜。他指出，虽然该股在过去 12 个月中上涨了 54%，但落后于标普500 62%、标准普尔媒体和娱乐指数 83% 以及纽约证券交易所 FANG+ 指数 142% 的涨幅。他指出，该股的交易价格是预期 Ebitda（息税折旧摊销前利润）的 33 倍，比同行媒体和娱乐股票溢价约 124%，但低于两年历史平均溢价 159%。</blockquote></p><p> Netflix was up 3% in Tuesday morning trading, to $538.57.</p><p><blockquote>Netflix 在周二早盘交易中上涨 3%，至 538.57 美元。</blockquote></p><p></p>","source":"lsy1601382232898","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>Netflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</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\">\nNetflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-23 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.</p><p><blockquote>Argus 分析师约瑟夫-邦纳（Joseph Bonner）周二提振了 Netflix 的股价，他将这家流媒体视频巨头的股票评级从持有上调至买入，目标价为 650 美元。</blockquote></p><p> “Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”</p><p><blockquote>“邦纳在一份研究报告中写道：”Netflix 继续制作受欢迎的原创内容，同时也在全球范围内扩张，增加新用户，巩固其行业地位。“我们相信，它在流媒体视频领域拥有可持续的结构性竞争优势。”</blockquote></p><p> As Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.</p><p><blockquote>正如邦纳指出的那样， 该公司最近表示， 预计在不久的将来将实现可持续的自由现金流为正。“他写道：”虽然 Netflix 的估值指标仍远高于同行平均水平，但随着最近的抛售，Netflix 的估值指标有所改善，我们认为这为投资者提供了一个合适的切入点。</blockquote></p><p> Bonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&amp;P 500, 83% for the S&amp;P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.</p><p><blockquote>邦纳认为 Netflix（股票代码：NFLX）的股票看起来很便宜。他指出，虽然该股在过去 12 个月中上涨了 54%，但落后于标普500 62%、标准普尔媒体和娱乐指数 83% 以及纽约证券交易所 FANG+ 指数 142% 的涨幅。他指出，该股的交易价格是预期 Ebitda（息税折旧摊销前利润）的 33 倍，比同行媒体和娱乐股票溢价约 124%，但低于两年历史平均溢价 159%。</blockquote></p><p> Netflix was up 3% in Tuesday morning trading, to $538.57.</p><p><blockquote>Netflix 在周二早盘交易中上涨 3%，至 538.57 美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/netflix-has-been-trailing-the-market-why-one-analyst-decided-to-get-more-bullish-51616512416?mod=hp_LATEST\">Barrons</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":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-has-been-trailing-the-market-why-one-analyst-decided-to-get-more-bullish-51616512416?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194045564","content_text":"Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.\n“Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”\nAs Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.\nBonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&P 500, 83% for the S&P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.\nNetflix was up 3% in Tuesday morning trading, to $538.57.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353973661,"gmtCreate":1616458551753,"gmtModify":1634525750161,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Buy buy buy!!","listText":"Buy buy buy!!","text":"Buy buy buy!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353973661","repostId":"2121120348","repostType":4,"isVote":1,"tweetType":1,"viewCount":2920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327992218,"gmtCreate":1616046578334,"gmtModify":1703496841166,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/327992218","repostId":"1159334095","repostType":4,"repost":{"id":"1159334095","kind":"news","pubTimestamp":1616045990,"share":"https://www.laohunote.com/m/news/1159334095?lang=zh_CN&edition=full","pubTime":"2021-03-18 13:39","market":"fut","language":"en","title":"Bitcoin Is Not a Stock<blockquote>比特币不是股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159334095","media":"coindesk","summary":"Seems obvious, right? Well, there’s a common misconception among new crypto market participants that","content":"<p>Seems obvious, right? Well, there’s a common misconception among new crypto market participants that&nbsp;bitcoin&nbsp;is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.</p><p><blockquote>似乎很明显，对吧？在新的加密货币市场参与者中，有一个普遍的误解，认为比特币是公司股票。虽然其价格活动有时会与传统市场相关，但事实上，它是一个完全独立的资产类别。</blockquote></p><p> Bitcoin is a&nbsp;cryptocurrency– a type of digital asset secured by&nbsp;cryptography&nbsp;that can be used to make electronic payments over the internet or act as a&nbsp;store of value&nbsp;like gold or silver.</p><p><blockquote>比特币是一种加密货币——一种由加密技术保护的数字资产，可用于通过互联网进行电子支付，或作为黄金或白银等价值储存手段。</blockquote></p><p> Think of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.</p><p><blockquote>把加密货币想象成货币世界的电子邮件。它们不存在物理形式，可以在几分钟内发送，并且不需要多个中介来处理付款。</blockquote></p><p> Unlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally&nbsp;distributed ledger&nbsp;that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.</p><p><blockquote>与美元或欧元等法定货币将所有银行卡和电汇交易存储在由单一机构维护的中央账本中不同，比特币和其他加密货币使用了一种名为 “区块链 ”的技术。这是一个全球分布式账本，地球上的任何人都可以维护和复制，并确保完全的不变性和透明度。</blockquote></p><p> <b>Key differences between bitcoin and stocksStocks</b></p><p><blockquote><b>比特币和股票之间的主要区别</b></blockquote></p><p> <ul>  <li>Traded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.</li>  <li>Can only be traded Monday to Friday. Market opening and closing times vary between stock exchanges</li>  <li>Regulated financial products</li>  <li>Purchasers receive share certificates to show legal proof of ownership</li>  <li>Companies can produce new shares after publicly launching, though there is a finite limit</li>  <li>Brokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company</li> </ul> Bitcoin</p><p><blockquote><ul><li>在纳斯达克、伦敦证券交易所、德意志交易所等传统证券交易所交易。</li><li>只能在周一至周五交易。不同证券交易所的开市和收市时间有所不同</li><li>受规管金融产品</li><li>买家收到股票证书以证明所有权的法律证明</li><li>公司可以在公开发行后发行新股，但有有限的限制</li><li>经纪公司保留自己代表客户执行的股票交易记录。在美国，除非投资者购买上市公司5%以上的股份，否则这些信息不会公开</li></ul>比特币</blockquote></p><p> <ul>  <li>Traded on centralized and decentralized crypto exchanges</li>  <li>Crypto markets do not close so bitcoin can be traded at any time on any day</li>  <li>Bitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property</li>  <li>Purchasers can hold their own bitcoin or delegate safe storage to third-party custodians</li>  <li>There will only ever be 21 million bitcoins. No new coins can be created</li>  <li>The Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time</li> </ul> Company stocks that are tied to bitcoin</p><p><blockquote><ul><li>在集中和分散的加密货币交易所进行交易</li><li>加密货币市场不会关闭，因此比特币可以在任何一天的任何时间进行交易</li><li>比特币不是受监管的投资工具；然而，大多数国际司法管辖区将其视为财产</li><li>购买者可以持有自己的比特币或将安全存储委托给第三方保管人</li><li>永远只会有2100万个比特币。不能创建新的硬币</li><li>比特币区块链公开记录所有交易，任何人都可以随时查看或下载</li></ul>与比特币挂钩的公司股票</blockquote></p><p> Despite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount&nbsp;of bitcoin in reserves or their target market is crypto users.</p><p><blockquote>尽管这两种投资选择之间存在差异，但仍有许多上市公司的股票与比特币的表现挂钩。这是因为这些公司要么直接从事采矿等比特币相关活动， 持有大量比特币储备， 要么其目标市场是加密用户。</blockquote></p><p> These companies include:</p><p><blockquote>这些公司包括：</blockquote></p><p> <ul>  <li>Silvergate Capital</li>  <li>MicroStrategy</li>  <li>Square</li>  <li>Riot Blockchain</li>  <li>Nvidia</li>  <li>Argo Blockchain</li>  <li>MGT Capital Investments</li>  <li>BitFarms</li>  <li>Diginex</li>  <li>Hut 8 Mining</li>  <li>Voyager Digital</li>  <li>Canaan Creative</li> </ul> This generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.</p><p><blockquote><ul><li>银门资本</li><li>微观策略</li><li>平方</li><li>暴动区块链</li><li>英伟达</li><li>Argo区块链</li><li>MGT资本投资</li><li>比特农场</li><li>迪吉内克斯</li><li>8号小屋采矿</li><li>航海家数字</li><li>迦南创意</li></ul>这通常意味着，当比特币的价格表现良好时，这些股票也往往表现良好，反之亦然。最近，摩根大通推出了一款名为 “加密货币风险篮子 ”的新金融产品--这是一种与领先的加密货币公司挂钩的债务工具，允许投资者间接投资比特币和山寨币市场。</blockquote></p><p> <b>Stocks that trade closest to BTC</b></p><p><blockquote><b>交易最接近 BTC 的股票</b></blockquote></p><p> According to data from&nbsp;Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.</p><p><blockquote>根据晨星公司的数据，就其与传统股票的相关表现而言，2020 年是全球最大加密货币创纪录的一年。</blockquote></p><p> Correlation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC&nbsp; is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.</p><p><blockquote>相关性是两个或多个项目之间关系的度量。在这种情况下，它用于衡量两个市场价格变动之间的关系。有几种方法可以计算相关性，尽管皮尔逊乘积矩相关系数（PPMCC）是衡量不同金融资产之间相似性的首选方法。PPMCC测量在1.0和-1.0之间。值越接近-1.0，说明两种资产的相关性越小；值越接近1.0，两项资产的相关性就越大。</blockquote></p><p> For anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy</p><p><blockquote>如果您有兴趣了解 PPMCC 的计算方法，以下是公式：ρxy = Cov(x,y) / σxσy</blockquote></p><p> Where ρxy = Pearson product-moment correlation coefficient</p><p><blockquote>其中ρxy=皮尔逊积-矩相关系数</blockquote></p><p> Cov(x,y) = covariance of variables x and y</p><p><blockquote>Cov(x,y)=变量x和y的协方差</blockquote></p><p> σx = standard deviation of x</p><p><blockquote>σx=x的标准偏差</blockquote></p><p> σy = standard deviation of y</p><p><blockquote>σy=y的标准偏差</blockquote></p><p> The chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&amp;P 500, gold, oil and U.S. bonds.</p><p><blockquote>下图显示了比特币与一系列传统金融市场（包括标普500、黄金、石油和美国债券）之间的相关性明显增强。</blockquote></p><p></p><p> The highest correlation between bitcoin and the stock market is theS&amp;P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in&nbsp;institutional investmentent&nbsp;ering the crypto market and large players adding bitcoin to diversify their&nbsp;portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.</p><p><blockquote>比特币和股票市场之间最高的相关性是标准普尔500指数——美国最大的500家公司的指数——值为0.22。这很可能是由于加密市场机构投资的增加以及大型参与者增加比特币以实现投资组合多元化。当市场上涨或下跌时，它可能会产生连锁反应，并蔓延到其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9de454a64c981203825b80d19bcbc41e\" tg-width=\"1200\" tg-height=\"335\"><span>Chart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck</span></p><p><blockquote><p class=\"t-img-caption\"><span>晨星公司绘制的图表显示了比特币与股票和大宗商品的相关性。资料来源：晨星/纳斯达克/VanEck</span></p></blockquote></p><p> The highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to&nbsp;gold.</p><p><blockquote>总体而言，比特币和黄金之间的相关性最高，这两种受欢迎的 “避险 ”资产在历史上曾在经济不确定时期同步上涨。由于供应稀缺、有限，比特币经常被吹捧为 “数字黄金”。然而，其高波动性和剧烈的价格波动使其风险和不可预测得多。也就是说，与黄金相比，比特币每年产生的回报要高得多。</blockquote></p><p></p>","source":"lsy1572937250936","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>Bitcoin Is Not a Stock<blockquote>比特币不是股票</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\">\nBitcoin Is Not a Stock<blockquote>比特币不是股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">coindesk</strong><span class=\"h-time small\">2021-03-18 13:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Seems obvious, right? Well, there’s a common misconception among new crypto market participants that&nbsp;bitcoin&nbsp;is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.</p><p><blockquote>似乎很明显，对吧？在新的加密货币市场参与者中，有一个普遍的误解，认为比特币是公司股票。虽然其价格活动有时会与传统市场相关，但事实上，它是一个完全独立的资产类别。</blockquote></p><p> Bitcoin is a&nbsp;cryptocurrency– a type of digital asset secured by&nbsp;cryptography&nbsp;that can be used to make electronic payments over the internet or act as a&nbsp;store of value&nbsp;like gold or silver.</p><p><blockquote>比特币是一种加密货币——一种由加密技术保护的数字资产，可用于通过互联网进行电子支付，或作为黄金或白银等价值储存手段。</blockquote></p><p> Think of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.</p><p><blockquote>把加密货币想象成货币世界的电子邮件。它们不存在物理形式，可以在几分钟内发送，并且不需要多个中介来处理付款。</blockquote></p><p> Unlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally&nbsp;distributed ledger&nbsp;that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.</p><p><blockquote>与美元或欧元等法定货币将所有银行卡和电汇交易存储在由单一机构维护的中央账本中不同，比特币和其他加密货币使用了一种名为 “区块链 ”的技术。这是一个全球分布式账本，地球上的任何人都可以维护和复制，并确保完全的不变性和透明度。</blockquote></p><p> <b>Key differences between bitcoin and stocksStocks</b></p><p><blockquote><b>比特币和股票之间的主要区别</b></blockquote></p><p> <ul>  <li>Traded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.</li>  <li>Can only be traded Monday to Friday. Market opening and closing times vary between stock exchanges</li>  <li>Regulated financial products</li>  <li>Purchasers receive share certificates to show legal proof of ownership</li>  <li>Companies can produce new shares after publicly launching, though there is a finite limit</li>  <li>Brokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company</li> </ul> Bitcoin</p><p><blockquote><ul><li>在纳斯达克、伦敦证券交易所、德意志交易所等传统证券交易所交易。</li><li>只能在周一至周五交易。不同证券交易所的开市和收市时间有所不同</li><li>受规管金融产品</li><li>买家收到股票证书以证明所有权的法律证明</li><li>公司可以在公开发行后发行新股，但有有限的限制</li><li>经纪公司保留自己代表客户执行的股票交易记录。在美国，除非投资者购买上市公司5%以上的股份，否则这些信息不会公开</li></ul>比特币</blockquote></p><p> <ul>  <li>Traded on centralized and decentralized crypto exchanges</li>  <li>Crypto markets do not close so bitcoin can be traded at any time on any day</li>  <li>Bitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property</li>  <li>Purchasers can hold their own bitcoin or delegate safe storage to third-party custodians</li>  <li>There will only ever be 21 million bitcoins. No new coins can be created</li>  <li>The Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time</li> </ul> Company stocks that are tied to bitcoin</p><p><blockquote><ul><li>在集中和分散的加密货币交易所进行交易</li><li>加密货币市场不会关闭，因此比特币可以在任何一天的任何时间进行交易</li><li>比特币不是受监管的投资工具；然而，大多数国际司法管辖区将其视为财产</li><li>购买者可以持有自己的比特币或将安全存储委托给第三方保管人</li><li>永远只会有2100万个比特币。不能创建新的硬币</li><li>比特币区块链公开记录所有交易，任何人都可以随时查看或下载</li></ul>与比特币挂钩的公司股票</blockquote></p><p> Despite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount&nbsp;of bitcoin in reserves or their target market is crypto users.</p><p><blockquote>尽管这两种投资选择之间存在差异，但仍有许多上市公司的股票与比特币的表现挂钩。这是因为这些公司要么直接从事采矿等比特币相关活动， 持有大量比特币储备， 要么其目标市场是加密用户。</blockquote></p><p> These companies include:</p><p><blockquote>这些公司包括：</blockquote></p><p> <ul>  <li>Silvergate Capital</li>  <li>MicroStrategy</li>  <li>Square</li>  <li>Riot Blockchain</li>  <li>Nvidia</li>  <li>Argo Blockchain</li>  <li>MGT Capital Investments</li>  <li>BitFarms</li>  <li>Diginex</li>  <li>Hut 8 Mining</li>  <li>Voyager Digital</li>  <li>Canaan Creative</li> </ul> This generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.</p><p><blockquote><ul><li>银门资本</li><li>微观策略</li><li>平方</li><li>暴动区块链</li><li>英伟达</li><li>Argo区块链</li><li>MGT资本投资</li><li>比特农场</li><li>迪吉内克斯</li><li>8号小屋采矿</li><li>航海家数字</li><li>迦南创意</li></ul>这通常意味着，当比特币的价格表现良好时，这些股票也往往表现良好，反之亦然。最近，摩根大通推出了一款名为 “加密货币风险篮子 ”的新金融产品--这是一种与领先的加密货币公司挂钩的债务工具，允许投资者间接投资比特币和山寨币市场。</blockquote></p><p> <b>Stocks that trade closest to BTC</b></p><p><blockquote><b>交易最接近 BTC 的股票</b></blockquote></p><p> According to data from&nbsp;Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.</p><p><blockquote>根据晨星公司的数据，就其与传统股票的相关表现而言，2020 年是全球最大加密货币创纪录的一年。</blockquote></p><p> Correlation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC&nbsp; is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.</p><p><blockquote>相关性是两个或多个项目之间关系的度量。在这种情况下，它用于衡量两个市场价格变动之间的关系。有几种方法可以计算相关性，尽管皮尔逊乘积矩相关系数（PPMCC）是衡量不同金融资产之间相似性的首选方法。PPMCC测量在1.0和-1.0之间。值越接近-1.0，说明两种资产的相关性越小；值越接近1.0，两项资产的相关性就越大。</blockquote></p><p> For anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy</p><p><blockquote>如果您有兴趣了解 PPMCC 的计算方法，以下是公式：ρxy = Cov(x,y) / σxσy</blockquote></p><p> Where ρxy = Pearson product-moment correlation coefficient</p><p><blockquote>其中ρxy=皮尔逊积-矩相关系数</blockquote></p><p> Cov(x,y) = covariance of variables x and y</p><p><blockquote>Cov(x,y)=变量x和y的协方差</blockquote></p><p> σx = standard deviation of x</p><p><blockquote>σx=x的标准偏差</blockquote></p><p> σy = standard deviation of y</p><p><blockquote>σy=y的标准偏差</blockquote></p><p> The chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&amp;P 500, gold, oil and U.S. bonds.</p><p><blockquote>下图显示了比特币与一系列传统金融市场（包括标普500、黄金、石油和美国债券）之间的相关性明显增强。</blockquote></p><p></p><p> The highest correlation between bitcoin and the stock market is theS&amp;P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in&nbsp;institutional investmentent&nbsp;ering the crypto market and large players adding bitcoin to diversify their&nbsp;portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.</p><p><blockquote>比特币和股票市场之间最高的相关性是标准普尔500指数——美国最大的500家公司的指数——值为0.22。这很可能是由于加密市场机构投资的增加以及大型参与者增加比特币以实现投资组合多元化。当市场上涨或下跌时，它可能会产生连锁反应，并蔓延到其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9de454a64c981203825b80d19bcbc41e\" tg-width=\"1200\" tg-height=\"335\"><span>Chart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck</span></p><p><blockquote><p class=\"t-img-caption\"><span>晨星公司绘制的图表显示了比特币与股票和大宗商品的相关性。资料来源：晨星/纳斯达克/VanEck</span></p></blockquote></p><p> The highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to&nbsp;gold.</p><p><blockquote>总体而言，比特币和黄金之间的相关性最高，这两种受欢迎的 “避险 ”资产在历史上曾在经济不确定时期同步上涨。由于供应稀缺、有限，比特币经常被吹捧为 “数字黄金”。然而，其高波动性和剧烈的价格波动使其风险和不可预测得多。也就是说，与黄金相比，比特币每年产生的回报要高得多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.coindesk.com/bitcoin-is-not-a-stock\">coindesk</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":{"CAN":"嘉楠科技","SI":"Shoulder Innovations, Inc.","BFARF":"Bitfarms Ltd.","NVDA":"英伟达","MSTR":"Strategy","GBTC":"比特币ETF-Grayscale","RIOT":"Riot Platforms","VYGVF":"Voyager Digital Ltd.","MGTI":"MGT Capital Investments, Inc."},"source_url":"https://www.coindesk.com/bitcoin-is-not-a-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159334095","content_text":"Seems obvious, right? Well, there’s a common misconception among new crypto market participants that bitcoin is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.\nBitcoin is a cryptocurrency– a type of digital asset secured by cryptography that can be used to make electronic payments over the internet or act as a store of value like gold or silver.\nThink of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.\nUnlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally distributed ledger that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.\nKey differences between bitcoin and stocksStocks\n\nTraded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.\nCan only be traded Monday to Friday. Market opening and closing times vary between stock exchanges\nRegulated financial products\nPurchasers receive share certificates to show legal proof of ownership\nCompanies can produce new shares after publicly launching, though there is a finite limit\nBrokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company\n\nBitcoin\n\nTraded on centralized and decentralized crypto exchanges\nCrypto markets do not close so bitcoin can be traded at any time on any day\nBitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property\nPurchasers can hold their own bitcoin or delegate safe storage to third-party custodians\nThere will only ever be 21 million bitcoins. No new coins can be created\nThe Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time\n\nCompany stocks that are tied to bitcoin\nDespite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount of bitcoin in reserves or their target market is crypto users.\nThese companies include:\n\nSilvergate Capital\nMicroStrategy\nSquare\nRiot Blockchain\nNvidia\nArgo Blockchain\nMGT Capital Investments\nBitFarms\nDiginex\nHut 8 Mining\nVoyager Digital\nCanaan Creative\n\nThis generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.\nStocks that trade closest to BTC\nAccording to data from Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.\nCorrelation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC  is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.\nFor anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy\nWhere ρxy = Pearson product-moment correlation coefficient\nCov(x,y) = covariance of variables x and y\nσx = standard deviation of x\nσy = standard deviation of y\nThe chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&P 500, gold, oil and U.S. bonds.\nThe highest correlation between bitcoin and the stock market is theS&P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in institutional investmentent ering the crypto market and large players adding bitcoin to diversify their portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.\nChart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck\nThe highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to gold.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"BTCmain":0.9,"MGTI":0.9,"SI":0.9,"EQOS":0.9,"NVDA":0.9,"SQ":0.9,"VYGVF":0.9,"CAN":0.9,"RIOT":0.9,"MSTR":0.9,"ARBKF":0.9,"HUTMF":0.9,"BFARF":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323569100,"gmtCreate":1615356525900,"gmtModify":1703487817885,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323569100","repostId":"1195513345","repostType":4,"repost":{"id":"1195513345","kind":"news","pubTimestamp":1615356015,"share":"https://www.laohunote.com/m/news/1195513345?lang=zh_CN&edition=full","pubTime":"2021-03-10 14:00","market":"us","language":"en","title":"Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195513345","media":"Motley Fool","summary":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making","content":"<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位活跃的 ETF 经理从华尔街获得了重大突破。</b>股市周二飙升，收复了许多投资者在经历了艰难的几周后失地，尤其是那些关注美国高增长股票的投资者。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了两者<b>标普500</b>(SNPINDEX:^GSPC)和<b>道琼斯工业指数</b>（DJINDICES:^DJI），但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受欢迎的基金公司 ARK Invest 的创始人兼首席投资官凯西·伍德 (Cathie Wood) 是受纳斯达克股市下跌打击最大的投资者之一。在最近的市场调整之前，伍德的股票选择一直非常火爆。然而今天，她最喜欢的三只股票又重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>平方</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（NYSEMKT：ARKF）。Square 较上个月的近期高点下跌了 25% 以上，但该股周二上涨了 12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square 核心电子支付网络的案例合理且易于理解。该公司一直努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square接受加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像 Square 最近收购 Tidal 这样的战略举措需要更多解释。Square首席执行官Jack Dorsey认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前还不清楚这将如何发展，但这表明该公司愿意在令人惊讶的方向上承担风险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>同时，在<b>方舟基因组革命 ETF</b>（NYSEMKT:ARKG），你会发现<b>泰拉多克健康</b>（纽约证券交易所股票代码：TDOC）是最大的持股。Teladoc 受到的打击更大，较上个月的高点下跌了约 40%。但周二带来了 9% 的涨幅，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于 COVID-19 大流行居家规定的股票越来越谨慎。在疫情期间，Teladoc从一种便利变成了一种必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们会简单地回到旧的做事方式，并损害 Teladoc 的增长。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反驳是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们绝对没有必要。这使得远离高点的股价看起来更具吸引力，为 Teladoc 的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是迄今为止伍德最喜欢的股票，因为它是三个不同方舟投资基金的最大持股。<b>方舟下一代互联网ETF</b>（NYSEMKT:ARKW），<b>方舟自主技术与机器人 ETF</b>（NYSEMKT:ARKQ），以及地标<b>方舟创新ETF</b>(NYSEMKT:ARKK)所有股票都突出显示了特斯拉，多达 10% 的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的水平下跌了约 35%，但周二近 20% 的上涨使股价上涨了 110 美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>华尔街分析师对特斯拉CAME持乐观态度的一个来源。Wedbush 发布了每股 950 美元的新目标价，较周一收盘价 563 美元上涨近 70%。分析公司 New Street 将该股评级从中性上调至买入，并将目标价定为 900 美元。两人都认为未来几年该汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来将保持波动。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会在很长一段时间内保持人们对该汽车制造商股票的高兴趣。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>重回正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有收复这三只股票最近几周遭受的所有损失。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计 Square、Teladoc 和特斯拉的股价在未来很长一段时间内将进一步上涨。</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>Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</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\">\nWhy Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-10 14:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位活跃的 ETF 经理从华尔街获得了重大突破。</b>股市周二飙升，收复了许多投资者在经历了艰难的几周后失地，尤其是那些关注美国高增长股票的投资者。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了两者<b>标普500</b>(SNPINDEX:^GSPC)和<b>道琼斯工业指数</b>（DJINDICES:^DJI），但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受欢迎的基金公司 ARK Invest 的创始人兼首席投资官凯西·伍德 (Cathie Wood) 是受纳斯达克股市下跌打击最大的投资者之一。在最近的市场调整之前，伍德的股票选择一直非常火爆。然而今天，她最喜欢的三只股票又重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>平方</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（NYSEMKT：ARKF）。Square 较上个月的近期高点下跌了 25% 以上，但该股周二上涨了 12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square 核心电子支付网络的案例合理且易于理解。该公司一直努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square接受加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像 Square 最近收购 Tidal 这样的战略举措需要更多解释。Square首席执行官Jack Dorsey认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前还不清楚这将如何发展，但这表明该公司愿意在令人惊讶的方向上承担风险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>同时，在<b>方舟基因组革命 ETF</b>（NYSEMKT:ARKG），你会发现<b>泰拉多克健康</b>（纽约证券交易所股票代码：TDOC）是最大的持股。Teladoc 受到的打击更大，较上个月的高点下跌了约 40%。但周二带来了 9% 的涨幅，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于 COVID-19 大流行居家规定的股票越来越谨慎。在疫情期间，Teladoc从一种便利变成了一种必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们会简单地回到旧的做事方式，并损害 Teladoc 的增长。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反驳是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们绝对没有必要。这使得远离高点的股价看起来更具吸引力，为 Teladoc 的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是迄今为止伍德最喜欢的股票，因为它是三个不同方舟投资基金的最大持股。<b>方舟下一代互联网ETF</b>（NYSEMKT:ARKW），<b>方舟自主技术与机器人 ETF</b>（NYSEMKT:ARKQ），以及地标<b>方舟创新ETF</b>(NYSEMKT:ARKK)所有股票都突出显示了特斯拉，多达 10% 的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的水平下跌了约 35%，但周二近 20% 的上涨使股价上涨了 110 美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>华尔街分析师对特斯拉CAME持乐观态度的一个来源。Wedbush 发布了每股 950 美元的新目标价，较周一收盘价 563 美元上涨近 70%。分析公司 New Street 将该股评级从中性上调至买入，并将目标价定为 900 美元。两人都认为未来几年该汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来将保持波动。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会在很长一段时间内保持人们对该汽车制造商股票的高兴趣。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>重回正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有收复这三只股票最近几周遭受的所有损失。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计 Square、Teladoc 和特斯拉的股价在未来很长一段时间内将进一步上涨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/\">Motley Fool</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":{"ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","TSLA":"特斯拉","ARKW":"ARK Next Generation Internet ETF","ARKG":"ARK Genomic Revolution ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","TDOC":"Teladoc Health Inc."},"source_url":"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195513345","content_text":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in theNasdaq Composite(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both theS&P 500(SNPINDEX:^GSPC)and theDow Jones Industrial Average(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.\nOne of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.\nSquaring up\nSquare(NYSE:SQ)is Wood's largest holding in herARK Fintech Innovation ETF(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.\nThe case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.\nStrategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.\nLooking healthier\nMeanwhile, in theARK Genomic Revolution ETF(NYSEMKT:ARKG), you'll findTeladoc Health(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.\nInvestors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.\nThat's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.\nRevving its engines\nFinally, Tesla(NASDAQ:TSLA) is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.ARK Next Generation Internet ETF(NYSEMKT:ARKW),ARK Autonomous Technology & Robotics ETF(NYSEMKT:ARKQ), and the landmarkARK Innovation ETF(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.\nOne source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.\nTesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.\nGetting back on track\nObviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.","news_type":1,"symbols_score_info":{"ARKF":0.9,"TSLA":0.9,"ARKQ":0.9,"SQ":0.9,"ARKG":0.9,"ARKK":0.9,"TDOC":0.9,"ARKW":0.9}},"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320527059,"gmtCreate":1615160946171,"gmtModify":1703484997476,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/320527059","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohunote.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" 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>Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</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{ 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23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320945762,"gmtCreate":1615004871156,"gmtModify":1703484172652,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320945762","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohunote.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" 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>Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</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{ 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.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\">\nPalantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-05 23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362755979,"gmtCreate":1614672817791,"gmtModify":1703479654814,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Keep it up","listText":"Keep it up","text":"Keep it up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362755979","repostId":"2116564047","repostType":4,"isVote":1,"tweetType":1,"viewCount":1019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":355296010,"gmtCreate":1617072990530,"gmtModify":1634522806237,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please Comments thanks alot","listText":"Please Comments thanks alot","text":"Please Comments thanks alot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/355296010","repostId":"1139253256","repostType":4,"repost":{"id":"1139253256","kind":"news","pubTimestamp":1617071125,"share":"https://www.laohunote.com/m/news/1139253256?lang=zh_CN&edition=full","pubTime":"2021-03-30 10:25","market":"us","language":"en","title":"Biden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139253256","media":"gCaptain","summary":"The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind p","content":"<p>The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.</p><p><blockquote>拜登政府周一宣布了到 2030 年在美国联邦水域开发 30 千兆瓦（GW）海上风电的目标，预计这将创造数千个就业机会，并需要对港口基础设施和悬挂美国国旗的船舶进行价值数百万美元的投资。</blockquote></p><p>National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.</p><p><blockquote>国家气候顾问吉娜-麦卡锡（Gina McCarthy）、内政部长德布·哈兰德（Stephen）、能源部长詹妮弗-格兰霍姆（Jennifer Granholm）、商务部长吉娜-雷蒙多（Gina Raimondo）和交通部长皮特-布蒂吉格（Pete Buttigieg）周一会见了行业和政府利益相关者，宣布了政府计划中包含的新租赁、资金和目标。</blockquote></p><p>In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.</p><p><blockquote>拜登总统上任第一周就发布了一项行政命令，以扩大海上风电行业的机会，并呼吁美国建设新的基础设施和 “清洁能源经济 ”，以帮助创造数百万个新的就业机会。</blockquote></p><p>According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.</p><p><blockquote>据白宫称，实现 30 吉瓦的目标预计每年将在两岸项目中引发超过 120 亿美元的资本投资，到 2030 年将创造超过 44,000 个海上风电就业岗位。该活动支持的社区还将创造近33,000个额外的就业机会。</blockquote></p><p>Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.</p><p><blockquote>与此同时，内政部海洋能源管理局（BOEM）今天宣布在纽约湾（New York Bight）--长岛和新泽西海岸之间占地 80 万英亩的浅水区--建立一个新的优先风能区。该机构现在将对该地区潜在的海上风电租赁进行环境审查。</blockquote></p><p>“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”</p><p><blockquote>“内政部正在与联邦政府各机构合作，推进拜登-哈里斯政府在联邦土地和水域增加可再生能源开发的目标，”土地和矿产管理首席副助理部长劳拉-丹尼尔-戴维斯（Laura Daniel-Davis）说。“今天的宣布让我们离实现这一目标又近了一步。纽约湾可以在应对气候变化方面发挥核心作用，帮助各州实现可再生能源目标，并帮助创造数千个就业机会。”</blockquote></p><p>Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.</p><p><blockquote>在其他地方，BOEM 打算到 2025 年进行新的租赁销售并完成至少 16 个项目的审查，这代表着美国超过 19 吉瓦的新清洁能源。</blockquote></p><p>According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.</p><p><blockquote>据白宫称，支持海上风电开发的新港口升级投资预计将超过5亿美元，还需要在美国造船厂建造4至6艘专用涡轮机安装船，每艘投资在250美元至5亿美元之间。该计划还需要新的美国工厂，包括每个主要风电场部件（即风力涡轮机机舱、叶片、塔架、基础和海底电缆）建设一到两家工厂。</blockquote></p><p>To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.</p><p><blockquote>为了配合今天的公告，美国交通部（DOT）海事管理局还宣布，将为港务局和其他申请人通过港口基础设施发展计划申请 2.3 亿美元的拨款，用于港口和多式联运基础设施相关项目。这些赠款将支持加强港口基础设施并使其现代化的项目，并可以支持陆上风能项目，例如存储区、堆放区以及风能船的码头，以装载和移动物品到海上风电场。</blockquote></p><p>“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”</p><p><blockquote>“美国交通部长皮特-布蒂吉格（Pete Buttigieg）说：”我们国家的港口是我们关键基础设施的重要组成部分。它们创造了就业机会，使我们的经济更具弹性和可持续性。“这笔资金将建立在当地基础设施投资的基础上，为美国工人和社区带来长期经济效益，同时还将解决气候和公平问题。”</blockquote></p><p>Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.</p><p><blockquote>展望 2050 年，白宫宣布其进一步目标是实现 110 吉瓦的海上风电装机容量，从而在海上风电活动支持的社区创造 77,000 个海上风电就业岗位和 57,000 多个额外就业岗位。</blockquote></p><p></p>","source":"lsy1617071056642","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>Biden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</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\">\nBiden’s Offshore Wind Plan Includes New Port Infrastructure, New Ships -White House<blockquote>拜登的海上风电计划包括新的港口基础设施和新船 - 白宫</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">gCaptain</strong><span class=\"h-time small\">2021-03-30 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.</p><p><blockquote>拜登政府周一宣布了到 2030 年在美国联邦水域开发 30 千兆瓦（GW）海上风电的目标，预计这将创造数千个就业机会，并需要对港口基础设施和悬挂美国国旗的船舶进行价值数百万美元的投资。</blockquote></p><p>National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.</p><p><blockquote>国家气候顾问吉娜-麦卡锡（Gina McCarthy）、内政部长德布·哈兰德（Stephen）、能源部长詹妮弗-格兰霍姆（Jennifer Granholm）、商务部长吉娜-雷蒙多（Gina Raimondo）和交通部长皮特-布蒂吉格（Pete Buttigieg）周一会见了行业和政府利益相关者，宣布了政府计划中包含的新租赁、资金和目标。</blockquote></p><p>In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.</p><p><blockquote>拜登总统上任第一周就发布了一项行政命令，以扩大海上风电行业的机会，并呼吁美国建设新的基础设施和 “清洁能源经济 ”，以帮助创造数百万个新的就业机会。</blockquote></p><p>According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.</p><p><blockquote>据白宫称，实现 30 吉瓦的目标预计每年将在两岸项目中引发超过 120 亿美元的资本投资，到 2030 年将创造超过 44,000 个海上风电就业岗位。该活动支持的社区还将创造近33,000个额外的就业机会。</blockquote></p><p>Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.</p><p><blockquote>与此同时，内政部海洋能源管理局（BOEM）今天宣布在纽约湾（New York Bight）--长岛和新泽西海岸之间占地 80 万英亩的浅水区--建立一个新的优先风能区。该机构现在将对该地区潜在的海上风电租赁进行环境审查。</blockquote></p><p>“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”</p><p><blockquote>“内政部正在与联邦政府各机构合作，推进拜登-哈里斯政府在联邦土地和水域增加可再生能源开发的目标，”土地和矿产管理首席副助理部长劳拉-丹尼尔-戴维斯（Laura Daniel-Davis）说。“今天的宣布让我们离实现这一目标又近了一步。纽约湾可以在应对气候变化方面发挥核心作用，帮助各州实现可再生能源目标，并帮助创造数千个就业机会。”</blockquote></p><p>Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.</p><p><blockquote>在其他地方，BOEM 打算到 2025 年进行新的租赁销售并完成至少 16 个项目的审查，这代表着美国超过 19 吉瓦的新清洁能源。</blockquote></p><p>According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.</p><p><blockquote>据白宫称，支持海上风电开发的新港口升级投资预计将超过5亿美元，还需要在美国造船厂建造4至6艘专用涡轮机安装船，每艘投资在250美元至5亿美元之间。该计划还需要新的美国工厂，包括每个主要风电场部件（即风力涡轮机机舱、叶片、塔架、基础和海底电缆）建设一到两家工厂。</blockquote></p><p>To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.</p><p><blockquote>为了配合今天的公告，美国交通部（DOT）海事管理局还宣布，将为港务局和其他申请人通过港口基础设施发展计划申请 2.3 亿美元的拨款，用于港口和多式联运基础设施相关项目。这些赠款将支持加强港口基础设施并使其现代化的项目，并可以支持陆上风能项目，例如存储区、堆放区以及风能船的码头，以装载和移动物品到海上风电场。</blockquote></p><p>“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”</p><p><blockquote>“美国交通部长皮特-布蒂吉格（Pete Buttigieg）说：”我们国家的港口是我们关键基础设施的重要组成部分。它们创造了就业机会，使我们的经济更具弹性和可持续性。“这笔资金将建立在当地基础设施投资的基础上，为美国工人和社区带来长期经济效益，同时还将解决气候和公平问题。”</blockquote></p><p>Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.</p><p><blockquote>展望 2050 年，白宫宣布其进一步目标是实现 110 吉瓦的海上风电装机容量，从而在海上风电活动支持的社区创造 77,000 个海上风电就业岗位和 57,000 多个额外就业岗位。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://gcaptain.com/biden-administration-announces-major-offshore-wind-push-targeting-30gw-by-2030/\">gCaptain</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":"https://static.tigerbbs.com/a4469a8ed84e5e01abb8c0669f001280","relate_stocks":{},"source_url":"https://gcaptain.com/biden-administration-announces-major-offshore-wind-push-targeting-30gw-by-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139253256","content_text":"The Biden Administration on Mondayannounceda goal of developing 30 gigawatts (GW) of offshore wind power United States’ federal waters by 2030, which is expected to create thousands of jobs and require millions of dollars of worth of investments in port infrastructure and U.S.-flag vessels.National Climate Advisor Gina McCarthy, Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm, Commerce Secretary Gina Raimondo, and Transportation Secretary Pete Buttigieg met with industry and government stakeholders Monday to announce new leasing, funding, and goals included in the Administration’s plan.In his first week in office, President Biden issued an Executive Order to expand opportunities for the offshore wind industry and called for the U.S. to build a new infrastructure and a “clean energy economy” to help create millions of new jobs.According to the White House, achieving the 30 GW target is expected to trigger more than $12 billion per year in capital investment in projects on both coasts, creating more than 44,000 offshore wind jobs by 2030. Another nearly 33,000 additional jobs will also be created in communities supported by the activity.Meanwhile, the The Interior Department’s Bureau of Ocean Energy Management (BOEM) todayannounceda new priority Wind Energy Area in the New York Bight—an 800,000 acre area of shallow waters between Long Island and the New Jersey coast. The agency will now initiate an environmental review of the area for potential offshore wind leasing.“Interior is working with agencies across the federal government to advance the Biden-Harris administration’s goal of increasing renewable energy development on federal lands and waters,” said Principal Deputy Assistant Secretary – Land and Minerals Management Laura Daniel-Davis. “Today’s announcement brings us one step closer to making this a reality. The New York Bight can play a central role in fighting climate change, helping states achieve their renewable energy targets and help create thousands of jobs.”Elsewhere, BOEM intends to pursue new lease sales and complete reviews of at least 16 projects by 2025, representing more than 19 GW of new clean energy for the United States.According to the White House, investments in the new port upgrades to support offshore wind development are expected to exceed $500 million, and also require the construction of four to six specialized turbine installation vessels at U.S. shipyards, each representing an investment between $250 and $500 million. The plan will also require new U.S. factories, including one to two for each major windfarm component, i.e wind turbine nacelles, blades, towers, foundations, and subsea cables.To coincide with today’s announcement, the U.S. Department of Transportation’s (DOT) Maritime Administration has alsoannouncedholding a Notice of Funding Opportunity for port authorities and other applicants to apply for $230 million in grants for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program. The grants will support projects that strengthen and modernize port infrastructure, and can support shore-side wind energy projects, such as storage areas, laydown areas, and docking of wind energy vessels to load and move items to offshore wind farms.“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding will build upon local investments in infrastructure to deliver long-term economic benefits to American workers and communities, while also addressing climate and equity.”Looking ahead to 2050, the White House announced it was further aiming to achieve 110 GW of offshore wind power, in turn generating 77,000 offshore wind jobs and more than 57,000 additional jobs in communities supported by offshore wind activity.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344690772,"gmtCreate":1618403675496,"gmtModify":1634293201420,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments please!!","listText":"Like and comments please!!","text":"Like and comments please!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/344690772","repostId":"1167332274","repostType":4,"repost":{"id":"1167332274","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":1618401278,"share":"https://www.laohunote.com/m/news/1167332274?lang=zh_CN&edition=full","pubTime":"2021-04-14 19:54","market":"us","language":"en","title":"Wells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167332274","media":"Tiger Newspress","summary":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on ","content":"<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p><blockquote>（4月14日）富国银行周三公布的第一季度盈利和收入超出预期。</blockquote></p><p>Here’s how the results stacked up to expectations:</p><p><blockquote>以下是结果如何达到预期：</blockquote></p><p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p><blockquote><ul><li>富国银行第一季度收入为 180.63 亿美元，而去年同期为 177.17 亿美元；FactSet 共识 175.18 亿美元。</li><li>富国银行第一季度净利润为 47.42 亿美元，而去年同期为 6.53 亿美元。</li><li>富国银行第一季度每股收益为 1.05 美元，去年同期为 1 美分；事实集共识71美分。</li><li>富国银行第一季度将贷款损失准备金减少16亿美元。</li><li>富国银行第一季度净利息收入下降22%至87.98亿美元。</li><li>富国银行第一季度非利息收入增长 45%，至 96.25 亿美元。</li><li>富国银行第一季度住房贷款上涨 19%。</li><li>富国银行第一季度市场收入增长 19%。</li></ul>富国银行的业绩得益于准备金释放带来的 10.5 亿美元净收益。</blockquote></p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p><blockquote>首席执行官查理·沙夫 (Charlie Scharf) 于 2019 年底接任，他经营的公司仍在从 2016 年虚假账户丑闻中恢复过来。分析师们将渴望听到该银行在安抚监管机构方面取得的任何进展，尤其是美联储下令限制该银行的资产增长。</blockquote></p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p><blockquote>在美国六大银行中，富国银行的华尔街交易和投资银行业务规模最小，由于火热的 IPO 市场和前所未有的美联储支持，这些领域近几个月来一直处于火热状态。</blockquote></p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p><blockquote>去年，富国银行是美国六大银行中唯一一家在美联储年度压力测试后被迫削减股息的银行。该公司还公布了自金融危机以来的第一季度亏损，并宣布将削减数十亿美元的开支。</blockquote></p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p><blockquote>富国银行股价今年已上涨 33%，超过 KBW 银行指数 25% 的涨幅。</blockquote></p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>富国银行股价在盘前交易中下跌 0.48%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><blockquote><b>全公司财务摘要</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><blockquote><b>经营分部及其他亮点：</b></blockquote></p><p><b>Consumer Banking and Lending</b></p><p><blockquote><b>消费银行和贷款</b></blockquote></p><p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><b>Commercial Banking</b></p><p><blockquote><ul><li>平均贷款3531亿美元，下降8%</li><li>平均存款7894亿美元，增长21%</li></ul><b>商业银行</b></blockquote></p><p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><b>Corporate and Investment Banking</b></p><p><blockquote><ul><li>平均贷款1831亿美元，下降19%</li><li>平均存款2080亿美元，增长8%</li></ul><b>企业及投资银行</b></blockquote></p><p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><b>Wealth and Investment Management</b></p><p><blockquote><ul><li>平均贷款2461亿美元，下降5%</li><li>平均交易相关资产为 1,974 亿美元，下降 14%</li><li>平均存款1945亿美元，下降27%</li></ul><b>财富及投资管理</b></blockquote></p><p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><b>Capital</b></p><p><blockquote><ul><li>客户总资产2.1万亿美元，增长28%</li><li>平均贷款808亿美元，增长4%</li><li>平均存款1737亿美元，增长19%</li></ul><b>首都</b></blockquote></p><p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></p><p><blockquote><ul><li>2021 年第一季度回购 1,720 万股普通股，即 5.96 亿美元</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>新闻稿&lt;&lt;&lt;</b></a></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>Wells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</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; 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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\">\nWells Fargo EPS beats by $0.33, beats on revenue<blockquote>富国银行每股收益超过预期 0.33 美元，营收超过预期</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\">2021-04-14 19:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p><blockquote>（4月14日）富国银行周三公布的第一季度盈利和收入超出预期。</blockquote></p><p>Here’s how the results stacked up to expectations:</p><p><blockquote>以下是结果如何达到预期：</blockquote></p><p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p><blockquote><ul><li>富国银行第一季度收入为 180.63 亿美元，而去年同期为 177.17 亿美元；FactSet 共识 175.18 亿美元。</li><li>富国银行第一季度净利润为 47.42 亿美元，而去年同期为 6.53 亿美元。</li><li>富国银行第一季度每股收益为 1.05 美元，去年同期为 1 美分；事实集共识71美分。</li><li>富国银行第一季度将贷款损失准备金减少16亿美元。</li><li>富国银行第一季度净利息收入下降22%至87.98亿美元。</li><li>富国银行第一季度非利息收入增长 45%，至 96.25 亿美元。</li><li>富国银行第一季度住房贷款上涨 19%。</li><li>富国银行第一季度市场收入增长 19%。</li></ul>富国银行的业绩得益于准备金释放带来的 10.5 亿美元净收益。</blockquote></p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p><blockquote>首席执行官查理·沙夫 (Charlie Scharf) 于 2019 年底接任，他经营的公司仍在从 2016 年虚假账户丑闻中恢复过来。分析师们将渴望听到该银行在安抚监管机构方面取得的任何进展，尤其是美联储下令限制该银行的资产增长。</blockquote></p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p><blockquote>在美国六大银行中，富国银行的华尔街交易和投资银行业务规模最小，由于火热的 IPO 市场和前所未有的美联储支持，这些领域近几个月来一直处于火热状态。</blockquote></p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p><blockquote>去年，富国银行是美国六大银行中唯一一家在美联储年度压力测试后被迫削减股息的银行。该公司还公布了自金融危机以来的第一季度亏损，并宣布将削减数十亿美元的开支。</blockquote></p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p><blockquote>富国银行股价今年已上涨 33%，超过 KBW 银行指数 25% 的涨幅。</blockquote></p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>富国银行股价在盘前交易中下跌 0.48%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><blockquote><b>全公司财务摘要</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><blockquote><b>经营分部及其他亮点：</b></blockquote></p><p><b>Consumer Banking and Lending</b></p><p><blockquote><b>消费银行和贷款</b></blockquote></p><p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><b>Commercial Banking</b></p><p><blockquote><ul><li>平均贷款3531亿美元，下降8%</li><li>平均存款7894亿美元，增长21%</li></ul><b>商业银行</b></blockquote></p><p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><b>Corporate and Investment Banking</b></p><p><blockquote><ul><li>平均贷款1831亿美元，下降19%</li><li>平均存款2080亿美元，增长8%</li></ul><b>企业及投资银行</b></blockquote></p><p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><b>Wealth and Investment Management</b></p><p><blockquote><ul><li>平均贷款2461亿美元，下降5%</li><li>平均交易相关资产为 1,974 亿美元，下降 14%</li><li>平均存款1945亿美元，下降27%</li></ul><b>财富及投资管理</b></blockquote></p><p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><b>Capital</b></p><p><blockquote><ul><li>客户总资产2.1万亿美元，增长28%</li><li>平均贷款808亿美元，增长4%</li><li>平均存款1737亿美元，增长19%</li></ul><b>首都</b></blockquote></p><p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></p><p><blockquote><ul><li>2021 年第一季度回购 1,720 万股普通股，即 5.96 亿美元</li></ul><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>新闻稿&lt;&lt;&lt;</b></a></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167332274","content_text":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.Here’s how the results stacked up to expectations:Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.Wells Fargo Q1 net interest income down 22% to $8.798 bln.Wells Fargo Q1 noninterest income up 45% to $9.625 bln.Wells Fargo Q1 home lending up 19%.Wells Fargo Q1 markets revenue up 19%.Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.Wells Fargo Shares dipped 0.48% in premarket trading.Company-wide Financial SummaryOperating Segments and Other Highlights:Consumer Banking and LendingAverage loans of $353.1 billion, down 8%Average deposits of $789.4 billion, up 21%Commercial BankingAverage loans of $183.1 billion, down 19%Average deposits of $208.0 billion, up 8%Corporate and Investment BankingAverage loans of $246.1 billion, down 5%Average trading-related assets of $197.4 billion, down 14%Average deposits of $194.5 billion, down 27%Wealth and Investment ManagementTotal client assets of $2.1 trillion, up 28%Average loans of $80.8 billion, up 4%Average deposits of $173.7 billion, up 19%CapitalRepurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021Press Release <<<","news_type":1,"symbols_score_info":{"WFC":0.9}},"isVote":1,"tweetType":1,"viewCount":2509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356987647,"gmtCreate":1616748979389,"gmtModify":1634524211497,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments thank you","listText":"Like and comments thank you","text":"Like and comments thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/356987647","repostId":"1114892411","repostType":4,"isVote":1,"tweetType":1,"viewCount":2357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349123666,"gmtCreate":1617581672055,"gmtModify":1634520490031,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments old thank you","listText":"Like and comments old thank you","text":"Like and comments old thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/349123666","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":2612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351090032,"gmtCreate":1616543664126,"gmtModify":1634525315319,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please like and comment !!","listText":"Please like and comment !!","text":"Please like and comment !!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/351090032","repostId":"1194045564","repostType":4,"repost":{"id":"1194045564","kind":"news","pubTimestamp":1616512875,"share":"https://www.laohunote.com/m/news/1194045564?lang=zh_CN&edition=full","pubTime":"2021-03-23 23:21","market":"us","language":"en","title":"Netflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194045564","media":"Barrons","summary":"Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rati","content":"<p>Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.</p><p><blockquote>Argus 分析师约瑟夫-邦纳（Joseph Bonner）周二提振了 Netflix 的股价，他将这家流媒体视频巨头的股票评级从持有上调至买入，目标价为 650 美元。</blockquote></p><p> “Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”</p><p><blockquote>“邦纳在一份研究报告中写道：”Netflix 继续制作受欢迎的原创内容，同时也在全球范围内扩张，增加新用户，巩固其行业地位。“我们相信，它在流媒体视频领域拥有可持续的结构性竞争优势。”</blockquote></p><p> As Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.</p><p><blockquote>正如邦纳指出的那样， 该公司最近表示， 预计在不久的将来将实现可持续的自由现金流为正。“他写道：”虽然 Netflix 的估值指标仍远高于同行平均水平，但随着最近的抛售，Netflix 的估值指标有所改善，我们认为这为投资者提供了一个合适的切入点。</blockquote></p><p> Bonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&amp;P 500, 83% for the S&amp;P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.</p><p><blockquote>邦纳认为 Netflix（股票代码：NFLX）的股票看起来很便宜。他指出，虽然该股在过去 12 个月中上涨了 54%，但落后于标普500 62%、标准普尔媒体和娱乐指数 83% 以及纽约证券交易所 FANG+ 指数 142% 的涨幅。他指出，该股的交易价格是预期 Ebitda（息税折旧摊销前利润）的 33 倍，比同行媒体和娱乐股票溢价约 124%，但低于两年历史平均溢价 159%。</blockquote></p><p> Netflix was up 3% in Tuesday morning trading, to $538.57.</p><p><blockquote>Netflix 在周二早盘交易中上涨 3%，至 538.57 美元。</blockquote></p><p></p>","source":"lsy1601382232898","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>Netflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</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\">\nNetflix Has Been Trailing the Market. Why One Analyst Decided to Get More Bullish.<blockquote>网飞一直落后于市场。为什么一位分析师决定变得更加乐观。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-23 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.</p><p><blockquote>Argus 分析师约瑟夫-邦纳（Joseph Bonner）周二提振了 Netflix 的股价，他将这家流媒体视频巨头的股票评级从持有上调至买入，目标价为 650 美元。</blockquote></p><p> “Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”</p><p><blockquote>“邦纳在一份研究报告中写道：”Netflix 继续制作受欢迎的原创内容，同时也在全球范围内扩张，增加新用户，巩固其行业地位。“我们相信，它在流媒体视频领域拥有可持续的结构性竞争优势。”</blockquote></p><p> As Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.</p><p><blockquote>正如邦纳指出的那样， 该公司最近表示， 预计在不久的将来将实现可持续的自由现金流为正。“他写道：”虽然 Netflix 的估值指标仍远高于同行平均水平，但随着最近的抛售，Netflix 的估值指标有所改善，我们认为这为投资者提供了一个合适的切入点。</blockquote></p><p> Bonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&amp;P 500, 83% for the S&amp;P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.</p><p><blockquote>邦纳认为 Netflix（股票代码：NFLX）的股票看起来很便宜。他指出，虽然该股在过去 12 个月中上涨了 54%，但落后于标普500 62%、标准普尔媒体和娱乐指数 83% 以及纽约证券交易所 FANG+ 指数 142% 的涨幅。他指出，该股的交易价格是预期 Ebitda（息税折旧摊销前利润）的 33 倍，比同行媒体和娱乐股票溢价约 124%，但低于两年历史平均溢价 159%。</blockquote></p><p> Netflix was up 3% in Tuesday morning trading, to $538.57.</p><p><blockquote>Netflix 在周二早盘交易中上涨 3%，至 538.57 美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/netflix-has-been-trailing-the-market-why-one-analyst-decided-to-get-more-bullish-51616512416?mod=hp_LATEST\">Barrons</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":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-has-been-trailing-the-market-why-one-analyst-decided-to-get-more-bullish-51616512416?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194045564","content_text":"Netflix shares were getting a boost on Tuesday from Argus analyst Joseph Bonner, who raised his rating on the streaming video giant’s stock to Buy from Hold, setting a price target of $650.\n“Netflix continues to produce popular original content, while also expanding globally, adding new subscribers, and strengthening its industry position,” Bonner wrote in a research note. “We believe that it has sustainable structural competitive advantages in the streaming video space.”\nAs Bonner points out,the company recentlysaid it expected to become sustainably free cash flow positive in the near future. “While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” he wrote.\nBonner thinks Netflix (ticker: NFLX) shares simply look cheap. He points out that while the stock is up 54% over the last 12 months, that trails gains of 62% for the S&P 500, 83% for the S&P Media and Entertainment index, and 142% for the NYSE’s FANG+ index. He notes that the stock trades for 33 times forward estimated Ebitda (earnings before interest, taxes, depreciation, and amortization), about a 124% premium to peer media and entertainment stocks, but below the two-year historical average premium of 159%.\nNetflix was up 3% in Tuesday morning trading, to $538.57.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358371702,"gmtCreate":1616667948106,"gmtModify":1634524658174,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Please like and comments","listText":"Please like and comments","text":"Please like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358371702","repostId":"1139908626","repostType":4,"repost":{"id":"1139908626","kind":"news","pubTimestamp":1616663752,"share":"https://www.laohunote.com/m/news/1139908626?lang=zh_CN&edition=full","pubTime":"2021-03-25 17:15","market":"us","language":"en","title":"Apple Failure Modes<blockquote>苹果失效模式</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139908626","media":"Medium","summary":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more…Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows?Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in ","content":"<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰许多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，蒂姆-库克能否在乔布斯去世近十年后继续保持乔布斯苹果 2.0 奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记已经不定期地中断了，因为我正在写一本记录我在科技界流浪汉半个世纪的书。虽然我只在苹果呆了十年，但地心引力发挥了它的吸引力，这本书有时感觉是以那家让我实现两个梦想的公司为中心的：来到美国，领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写下苹果的早期，我开始思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值 2 万亿美元的企业的，它是如何避免我们在业内许多大公司身上看到的 “失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代 iPhone 发布时，他们驳斥了这一威胁，指责苹果有能力在他们的领域发挥作用。然后Android设备出现了，巨头们拒绝退缩：<i>我们知道我们在做什么，看看我们的数字!</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的旧惠普是一个复杂得多的故事。在技术方面，该公司允许其卓越的桌面计算业务被 “廉价 ”的 8 位处理器所颠覆，但真正的问题是文化和政治问题：首席执行官办公室里有一扇旋转门，董事会互相监视，缺乏连贯的企业战略，导致灾难性的收购和分拆..</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又衰落。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。(七十年代中期，我得到了一本《无所不包的经理指南》，我对这项工作的深度和范围感到敬畏）。后来，IBM 最初抓住了 PC 这个产品类别，但由于让微软软件驱动的克隆产品充斥市场，扼杀了它的利润，失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和网络化服务器改变了游戏规则时，IBM 还没有做好准备，几乎破产，但卢-郭士纳（Lou Gerstner）救了他.至少在一段时间内救了他。不幸的是，郭士纳的继任者们未能驾驭云计算的无情增长，现在公司已经分崩离析。现任首席执行官阿尔温德-克里希纳（Arvind Krishna）最近决定将 IBM 拆分为 “两家市场领先、战略专注的公司”。较大的实体保留了IBM的名字，较小但尚未命名的公司剥夺了IBM低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在犯下历史性的、代价高昂的错误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为诺基亚的Windows Phone操作系统提供了特殊的许可条款，结果却看到合作伙伴关系陷入困境。绝望的是，微软在2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，第二年又注销了9亿美元。清理工作留给了2014年从史蒂夫·鲍尔默手中接管的萨蒂亚·纳德拉。从那时起，随着该公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，模仿苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事给苹果带来了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司开始衰落需要不止一个重大错误。苹果地图的处女作和《天线之门》就是例子，虽然令人尴尬，但并没有造成任何持久的伤害。可以肯定的是，连续两款平庸的 iPhone 会对形象和财务产生有害影响，但即便如此，也有可能生存下来，尤其是在当今准饱和的市场中。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的浪潮（Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为推动服务业发展所做的努力，而服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的 iCloud 则是另一回事。诚然，“云 ”是一个非常宽泛的术语，该公司的许多云服务都是理所当然的，几乎看不见。例如，iPhone 照片存储在 PB 或 EB 的云存储中，可以很好地传播到用户的设备上。音乐等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然 iCloud 作为一款产品，自 2008 年 MobileMe（让史蒂夫-乔布斯（Steve Jobs）感到尴尬的交换）以来已经取得了长足的进步，但它往往表现缓慢且存在缺陷（即使是现在，当我尝试 “说话时 ”使用页面时）。它缺乏谷歌和Dropbox所提供的力量和润色。尽管如此，我们不应该指望苹果会像亚马逊网络服务、谷歌云和微软 Azure 那样提供 iCloud 服务。事实上，苹果自己的基础设施部分依赖 AWS 和其他公司——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的一个痛点。虽然该公司率先推出了 Siri，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用的领导者。在日常生活中，我们可以看到 Siri 的实用性和普及性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁 John Giannandrea 能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容小觑。其硬件、软件和供应链管理是无与伦比的。但让我们把重点放在一个不太被称赞的优势上，那就是其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>简单来说，没有<i>司</i>在苹果，没有 iPhone、Mac 或 AirPod 的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击名称可访问有用的职位详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时--我将避免诱人的可能性--工作是围绕<i>项目</i>.项目组是借鉴软件工程、运营、硬件技术等职能组成的。对于产品设计或运营等活动，一些团队成员可能从事多个项目。只要项目存在，该集团就存在，如果产品被取消或上架，该集团就会解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的事情之一是其部门结构，不可避免的竞争、领土争端和资源争夺。当然，客户并不关心部门，他们关心的是产品。苹果坚固、灵活、<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫-乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果不会受到大规模失败的影响，有一天它不会重蹈惠普或 IBM 的覆辙？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>在寻找下一个增长引擎的过程中，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和 “德意志股份公司 ”（德国汽车制造商），要么以更新颖的个人出行方式进军汽车行业。或者它可能会被花在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论组织结构多么强大，苹果和所有公司一样，都容易受到个人平庸的影响：缺乏安全感的 B 级经理会雇佣 C 级球员，而这些球员不会挑战他们的权威或 “专业知识 ”，产品也会因此受到影响。我们知道老组织笑话：当上层的人往下看时，他们看到的是大脑；当较低层的大脑抬头时，他们看到#$$洞。对于一个组织来说，当大脑意识到上层被无能的人殖民，并进入何必麻烦模式时，末日的开始就来了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，我们无法知道苹果是如何努力避免某种形式的退化失败的。</blockquote></p><p></p>","source":"lsy1616663746307","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>Apple Failure Modes<blockquote>苹果失效模式</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\">\nApple Failure Modes<blockquote>苹果失效模式</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Medium</strong><span class=\"h-time small\">2021-03-25 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?</i></p><p><blockquote><i>苹果避免了困扰许多科技巨头的失败类型。从我深爱的惠普和我们曾经害怕的IBM，到Palm、诺基亚、黑莓等等……苹果最终会遵循类似的轨迹，要么消失，要么退入阴影吗？或者，蒂姆-库克能否在乔布斯去世近十年后继续保持乔布斯苹果 2.0 奇迹？</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/028afa8092cf5134580f1cb4b8bd6596\" tg-width=\"1050\" tg-height=\"590\"></p><p><blockquote></blockquote></p><p> The Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.</p><p><blockquote>周一的笔记已经不定期地中断了，因为我正在写一本记录我在科技界流浪汉半个世纪的书。虽然我只在苹果呆了十年，但地心引力发挥了它的吸引力，这本书有时感觉是以那家让我实现两个梦想的公司为中心的：来到美国，领导一个产品工程组织。</blockquote></p><p> Writing about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.</p><p><blockquote>写下苹果的早期，我开始思考这家雄心勃勃但苦苦挣扎的公司是如何成为今天价值 2 万亿美元的企业的，它是如何避免我们在业内许多大公司身上看到的 “失败公式”的。</blockquote></p><p> Nokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’<i>We know what we’re doing,just look at our numbers!</i>’.</p><p><blockquote>诺基亚、Palm和黑莓遵循了一个相对简单的失败秘诀。当第一代 iPhone 发布时，他们驳斥了这一威胁，指责苹果有能力在他们的领域发挥作用。然后Android设备出现了，巨头们拒绝退缩：<i>我们知道我们在做什么，看看我们的数字!</i>’.</blockquote></p><p> My good old HP is a&nbsp;much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…</p><p><blockquote>我的旧惠普是一个复杂得多的故事。在技术方面，该公司允许其卓越的桌面计算业务被 “廉价 ”的 8 位处理器所颠覆，但真正的问题是文化和政治问题：首席执行官办公室里有一扇旋转门，董事会互相监视，缺乏连贯的企业战略，导致灾难性的收购和分拆..</blockquote></p><p> No company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.</p><p><blockquote>没有一家公司像IBM一样强大，然后又衰落。曾经被称为公司，其大型机产品和服务主导了商业计算，其管理方法堪称典范。(七十年代中期，我得到了一本《无所不包的经理指南》，我对这项工作的深度和范围感到敬畏）。后来，IBM 最初抓住了 PC 这个产品类别，但由于让微软软件驱动的克隆产品充斥市场，扼杀了它的利润，失去了它。</blockquote></p><p> A decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.</p><p><blockquote>十年后，当互联网和网络化服务器改变了游戏规则时，IBM 还没有做好准备，几乎破产，但卢-郭士纳（Lou Gerstner）救了他.至少在一段时间内救了他。不幸的是，郭士纳的继任者们未能驾驭云计算的无情增长，现在公司已经分崩离析。现任首席执行官阿尔温德-克里希纳（Arvind Krishna）最近决定将 IBM 拆分为 “两家市场领先、战略专注的公司”。较大的实体保留了IBM的名字，较小但尚未命名的公司剥夺了IBM低利润、低希望、竞争激烈的IT基础设施业务。</blockquote></p><p> Microsoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.</p><p><blockquote>微软在犯下历史性的、代价高昂的错误后，提供了一个有趣的成功反例。在智能手机游戏后期，该公司为诺基亚的Windows Phone操作系统提供了特殊的许可条款，结果却看到合作伙伴关系陷入困境。绝望的是，微软在2013年以72亿美元收购了诺基亚，两年后注销了76亿美元，第二年又注销了9亿美元。清理工作留给了2014年从史蒂夫·鲍尔默手中接管的萨蒂亚·纳德拉。从那时起，随着该公司专注于为组织提供软件和云服务，微软蓬勃发展。作为重新聚焦的一部分，模仿苹果商店的微软商店已经关闭。</blockquote></p><p> While these failure stories hold some lessons for Apple, some of them are actually reassuring.</p><p><blockquote>虽然这些失败的故事给苹果带来了一些教训，但其中一些实际上令人放心。</blockquote></p><p> For example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.</p><p><blockquote>例如，一家大公司开始衰落需要不止一个重大错误。苹果地图的处女作和《天线之门》就是例子，虽然令人尴尬，但并没有造成任何持久的伤害。可以肯定的是，连续两款平庸的 iPhone 会对形象和财务产生有害影响，但即便如此，也有可能生存下来，尤其是在当今准饱和的市场中。正如微软的例子向我们展示的那样，严重错过一个行业浪潮（智能手机）可以通过跳上一个新的浪潮（Windows/Office飞轮辅助的云）来克服。这可能会揭示苹果为推动服务业发展所做的努力，而服务业本身就是一个飞轮。</blockquote></p><p> Apple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.</p><p><blockquote>苹果的 iCloud 则是另一回事。诚然，“云 ”是一个非常宽泛的术语，该公司的许多云服务都是理所当然的，几乎看不见。例如，iPhone 照片存储在 PB 或 EB 的云存储中，可以很好地传播到用户的设备上。音乐等也是如此。</blockquote></p><p></p><p> While iCloud as a product has come a long way since the 2008 MobileMe, the&nbsp;Exchange For The Rest Of Us&nbsp;that&nbsp;embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part&nbsp;depends on AWS&nbsp;and others for its own infrastructure — a contentious internal topic.</p><p><blockquote>虽然 iCloud 作为一款产品，自 2008 年 MobileMe（让史蒂夫-乔布斯（Steve Jobs）感到尴尬的交换）以来已经取得了长足的进步，但它往往表现缓慢且存在缺陷（即使是现在，当我尝试 “说话时 ”使用页面时）。它缺乏谷歌和Dropbox所提供的力量和润色。尽管如此，我们不应该指望苹果会像亚马逊网络服务、谷歌云和微软 Azure 那样提供 iCloud 服务。事实上，苹果自己的基础设施部分依赖 AWS 和其他公司——这是一个有争议的内部话题。</blockquote></p><p> Apple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy&nbsp;John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.</p><p><blockquote>苹果在人工智能（另一个广泛领域）方面的记录无疑是董事会的一个痛点。虽然该公司率先推出了 Siri，但该公司眼睁睁地看着谷歌和亚马逊超越它们，成为智能助理应用的领导者。在日常生活中，我们可以看到 Siri 的实用性和普及性取得了适度的进步，我们可以希望机器学习和人工智能战略高级副总裁 John Giannandrea 能够纠正错误。</blockquote></p><p> Apple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.</p><p><blockquote>在考虑故障模式时，苹果的优势不容小觑。其硬件、软件和供应链管理是无与伦比的。但让我们把重点放在一个不太被称赞的优势上，那就是其组织结构的力量。</blockquote></p><p> To simplify, there are no&nbsp;<i>divisions</i>&nbsp;at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are&nbsp;<i>functions</i>&nbsp;as sketched by the&nbsp;Apple Leadership&nbsp;chart (helpful job details are accessed when clicking on the names):</p><p><blockquote>简单来说，没有<i>司</i>在苹果，没有 iPhone、Mac 或 AirPod 的“子公司”。相反，有<i>功能</i>如苹果领导力图表所示（点击名称可访问有用的职位详细信息）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b887dfe02642de363c4b17cc7f5e4f47\" tg-width=\"1050\" tg-height=\"1806\"></p><p><blockquote></blockquote></p><p> When Apple develops a new product — I’ll avoid titillating possibilities — work is organized around<i>projects</i>. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.</p><p><blockquote>当苹果开发新产品时--我将避免诱人的可能性--工作是围绕<i>项目</i>.项目组是借鉴软件工程、运营、硬件技术等职能组成的。对于产品设计或运营等活动，一些团队成员可能从事多个项目。只要项目存在，该集团就存在，如果产品被取消或上架，该集团就会解散。</blockquote></p><p> One of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,<i>functional</i>organization helps everyone focus on products and customers.</p><p><blockquote>困扰惠普的事情之一是其部门结构，不可避免的竞争、领土争端和资源争夺。当然，客户并不关心部门，他们关心的是产品。苹果坚固、灵活、<i>功能性的</i>组织帮助每个人专注于产品和客户。</blockquote></p><p> It’s an extremely valuable Steve Jobs legacy.</p><p><blockquote>这是史蒂夫-乔布斯极其宝贵的遗产。</blockquote></p><p> Does this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?</p><p><blockquote>这是否意味着苹果不会受到大规模失败的影响，有一天它不会重蹈惠普或 IBM 的覆辙？</blockquote></p><p> No.</p><p><blockquote>没有。</blockquote></p><p> In a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.</p><p><blockquote>在寻找下一个增长引擎的过程中，苹果可能会冒很大的风险，比如试图进入汽车行业，要么正面攻击特斯拉、丰田和 “德意志股份公司 ”（德国汽车制造商），要么以更新颖的个人出行方式进军汽车行业。或者它可能会被花在医疗保健上的巨额资金所诱惑。</blockquote></p><p> And no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.</p><p><blockquote>无论组织结构多么强大，苹果和所有公司一样，都容易受到个人平庸的影响：缺乏安全感的 B 级经理会雇佣 C 级球员，而这些球员不会挑战他们的权威或 “专业知识 ”，产品也会因此受到影响。我们知道老组织笑话：当上层的人往下看时，他们看到的是大脑；当较低层的大脑抬头时，他们看到#$$洞。对于一个组织来说，当大脑意识到上层被无能的人殖民，并进入何必麻烦模式时，末日的开始就来了。我对公司的招聘和解雇做法了解不够，但在我紧张的头脑中，这是苹果面临的最大风险。从远处看，我们无法知道苹果是如何努力避免某种形式的退化失败的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0\">Medium</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":{"AAPL":"苹果"},"source_url":"https://mondaynote.com/apple-failure-modes-a5c9e1c9ffb0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139908626","content_text":"Apple has avoided the types of failures that have beset so many tech giants. From the HP I dearly loved and the IBM we once feared, to Palm, Nokia, Blackberry, and many more… Will Apple eventually follow a similar trajectory and either disappear or recede into the shadows? Or can Tim Cook continue to keep the Steve Jobs Apple 2.0 miracle alive almost a decade after the magician’s passing?\n\nThe Monday Note has been on an irregular hiatus as I labor on a book chronicling my picaresque half century in the tech world. While I only spent ten of those years inside Apple, gravity exerts its pull and the book sometimes feels centered on the company that allowed me to fulfill two dreams: Coming to the US and leading a product engineering organization.\nWriting about the early days at Apple led me to contemplate how the ambitious but struggling company became today’s $2T enterprise, how it avoided the “failure formulas” we’ve seen in so many grandees of the industry.\nNokia, Palm, and Blackberry followed a relatively simple failure recipe. When the first generation iPhone was announced, they dismissed the threat, impugning Apple’s ability to play in their arena. Then Android devices arrived, and the giants refused to back down: ’We know what we’re doing,just look at our numbers!’.\nMy good old HP is a much more complicated story. On the technical side, it allowed its superb desktop computing business to be disrupted by “cheap” 8-bit processors, but the real problems were cultural and political: A revolving door in the CEO suite, a Board of Directors that spied on each other, no coherent corporate strategy leading to catastrophic acquisitions followed by spinoffs…\nNo company has been as powerful and then fallen as far as IBM. Once known as The Company, its mainframe products and services dominated business computing, its management methods were exemplary. (In the mid-seventies I was given a copy of the all-encompassing Manager’s Guide and was in awe with the depth and scope of the work.) Then, the PC happened, a product category IBM initially seized, only to lose it by letting clones powered by Microsoft software flood the market and kill its margins.\nA decade later when the Internet and networked servers changed the game, IBM wasn’t ready and almost went bust, only to be saved by Lou Gerstner…at least for a while. Unfortunately, Gerstner’s successors were unable to harness the relentless growth of Cloud Computing, and now the company has fractured. The current CEO, Arvind Krishna, recently decided to split IBM into“Two Market-Leading Companies with Focused Strategies”. The larger entity keeps the IBM name, the smaller as yet unnamed company rids IBM of a low-margin, low hope, ferociously competitive IT infrastructure business.\nMicrosoft offers an interesting counterexample of success after it made an historic, expensive miss. Late to the smartphone game, the company gave Nokia special licensing terms for its Windows Phone OS, only to see the partnership flounder. Despairing, Microsoft bought Nokia for $7.2B in 2013 and took a $7.6B writeoff two years later, followed by another $900M the following year. The clean-up job was left to Satya Nadella who took the reins from Steve Ballmer in 2014. Since then, Microsoft has prospered as the company has focused on software and Cloud services for organizations. As a part of that refocus the Microsoft stores, modeled after the Apple Store, have been shuttered.\nWhile these failure stories hold some lessons for Apple, some of them are actually reassuring.\nFor example, it takes more than one substantial mistake for a large company to begin its decline. The Apple Maps debut and “Antennagate”, as examples, were embarrassing but didn’t do any lasting harm. To be sure, two mediocre iPhone vintages in succession would have a deleterious effect on image and finances, but even that could be survived, especially in today’s quasi-saturated market. And as the Microsoft example shows us, seriously missing an industry wave (smartphones) can be overcome by jumping on a new one (the Cloud aided by the Windows/Office flywheel). This may shed light on Apple’s efforts to give more momentum to the Services business, a flywheel in its own right.\nApple’s iCloud is a different story. True, “cloud” is a very broad term and many of the company’s cloud services are so taken-for-granted as to be almost invisible. For example, iPhone photos live in the petabytes or exabytes of cloud storage that propagates nicely to users’ devices. The same is true for Music and more.\nWhile iCloud as a product has come a long way since the 2008 MobileMe, the Exchange For The Rest Of Us that embarrassed Steve Jobs, it’s often sluggish and buggy (even now as I attempt to use Pages “as we speak”). It lacks the power and polish that Google and Dropbox have to offer. That said, one shouldn’t expect Apple to offer iCloud services in the way that Amazon Web Services, Google Cloud, and Microsoft Azure do. In fact, Apple in part depends on AWS and others for its own infrastructure — a contentious internal topic.\nApple’s record with Artificial Intelligence (another broad domain) is surely a sore point in the Board Room. Although the company was “there” first with Siri, the company watched as Google and Amazon surpassed them to become the leaders in Intelligent Assistant applications. In everyday life, one can see modest progress in Siri’s usefulness and pervasiveness, and we can hope Senior VP of Machine Learning and AI Strategy John Giannandrea, a Google alumnus with a distinguished résumé who joined Apple in 2018, will set things right.\nApple’s strengths are not to be discounted when considering failure modes. Its hardware, software, and supply chain management is unrivaled. But let’s focus on a less lauded advantage, the power of its organizational structure.\nTo simplify, there are no divisions at Apple, no iPhone, Mac, or AirPod “subcompany”. Instead, there are functions as sketched by the Apple Leadership chart (helpful job details are accessed when clicking on the names):\n\nWhen Apple develops a new product — I’ll avoid titillating possibilities — work is organized aroundprojects. A project group is formed by drawing on functions such as Software Engineering, Operations, Hardware Technologies, and so on. Some team members, for activities such as Product Design or Operations, may work on more than one project. The group exists as long as the project exists and is disbanded if the product is canceled or put on the shelf.\nOne of the things that beset HP was its divisional structure with the unavoidable rivalries, territorial disputes, and fights over resources. Customers, of course, don’t care about divisons, they care about products. Apple’s robust, flexible,functionalorganization helps everyone focus on products and customers.\nIt’s an extremely valuable Steve Jobs legacy.\nDoes this mean Apple is immune to large scale failure, that it won’t someday take the path HP or IBM did?\nNo.\nIn a quest for the next engine of growth, Apple could take big risks such as trying to enter the auto industry, either in a frontal assault against Tesla, Toyota, and “Deutsche AG” (German car makers), or in more original forms of individual mobility. Or it could be tempted by the humongous amounts of money spent on healthcare.\nAnd no matter how powerful its organizational structure is, Apple, like every company, is susceptible to personal mediocrity: Insecure B-grade managers hire C-grade players who won’t challenge their authority or their “expertise”, and products suffer as a result. We know the old organization joke: When upper layer people look down, they see brains; when brains in the lower layers look up, they see #$$holes. For an organization, the beginning of the end comes when the brains realize the upper layers are colonized by incompetents and get into Why Bother Mode. I don’t know enough about the company’s hiring and firing practices but, in my nervous mind, this is the biggest risk to Apple. From a distance, it’s impossible to know how hard Apple works to avoid a form of degenerative failure.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327992218,"gmtCreate":1616046578334,"gmtModify":1703496841166,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/327992218","repostId":"1159334095","repostType":4,"repost":{"id":"1159334095","kind":"news","pubTimestamp":1616045990,"share":"https://www.laohunote.com/m/news/1159334095?lang=zh_CN&edition=full","pubTime":"2021-03-18 13:39","market":"fut","language":"en","title":"Bitcoin Is Not a Stock<blockquote>比特币不是股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159334095","media":"coindesk","summary":"Seems obvious, right? Well, there’s a common misconception among new crypto market participants that","content":"<p>Seems obvious, right? Well, there’s a common misconception among new crypto market participants that&nbsp;bitcoin&nbsp;is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.</p><p><blockquote>似乎很明显，对吧？在新的加密货币市场参与者中，有一个普遍的误解，认为比特币是公司股票。虽然其价格活动有时会与传统市场相关，但事实上，它是一个完全独立的资产类别。</blockquote></p><p> Bitcoin is a&nbsp;cryptocurrency– a type of digital asset secured by&nbsp;cryptography&nbsp;that can be used to make electronic payments over the internet or act as a&nbsp;store of value&nbsp;like gold or silver.</p><p><blockquote>比特币是一种加密货币——一种由加密技术保护的数字资产，可用于通过互联网进行电子支付，或作为黄金或白银等价值储存手段。</blockquote></p><p> Think of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.</p><p><blockquote>把加密货币想象成货币世界的电子邮件。它们不存在物理形式，可以在几分钟内发送，并且不需要多个中介来处理付款。</blockquote></p><p> Unlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally&nbsp;distributed ledger&nbsp;that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.</p><p><blockquote>与美元或欧元等法定货币将所有银行卡和电汇交易存储在由单一机构维护的中央账本中不同，比特币和其他加密货币使用了一种名为 “区块链 ”的技术。这是一个全球分布式账本，地球上的任何人都可以维护和复制，并确保完全的不变性和透明度。</blockquote></p><p> <b>Key differences between bitcoin and stocksStocks</b></p><p><blockquote><b>比特币和股票之间的主要区别</b></blockquote></p><p> <ul>  <li>Traded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.</li>  <li>Can only be traded Monday to Friday. Market opening and closing times vary between stock exchanges</li>  <li>Regulated financial products</li>  <li>Purchasers receive share certificates to show legal proof of ownership</li>  <li>Companies can produce new shares after publicly launching, though there is a finite limit</li>  <li>Brokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company</li> </ul> Bitcoin</p><p><blockquote><ul><li>在纳斯达克、伦敦证券交易所、德意志交易所等传统证券交易所交易。</li><li>只能在周一至周五交易。不同证券交易所的开市和收市时间有所不同</li><li>受规管金融产品</li><li>买家收到股票证书以证明所有权的法律证明</li><li>公司可以在公开发行后发行新股，但有有限的限制</li><li>经纪公司保留自己代表客户执行的股票交易记录。在美国，除非投资者购买上市公司5%以上的股份，否则这些信息不会公开</li></ul>比特币</blockquote></p><p> <ul>  <li>Traded on centralized and decentralized crypto exchanges</li>  <li>Crypto markets do not close so bitcoin can be traded at any time on any day</li>  <li>Bitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property</li>  <li>Purchasers can hold their own bitcoin or delegate safe storage to third-party custodians</li>  <li>There will only ever be 21 million bitcoins. No new coins can be created</li>  <li>The Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time</li> </ul> Company stocks that are tied to bitcoin</p><p><blockquote><ul><li>在集中和分散的加密货币交易所进行交易</li><li>加密货币市场不会关闭，因此比特币可以在任何一天的任何时间进行交易</li><li>比特币不是受监管的投资工具；然而，大多数国际司法管辖区将其视为财产</li><li>购买者可以持有自己的比特币或将安全存储委托给第三方保管人</li><li>永远只会有2100万个比特币。不能创建新的硬币</li><li>比特币区块链公开记录所有交易，任何人都可以随时查看或下载</li></ul>与比特币挂钩的公司股票</blockquote></p><p> Despite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount&nbsp;of bitcoin in reserves or their target market is crypto users.</p><p><blockquote>尽管这两种投资选择之间存在差异，但仍有许多上市公司的股票与比特币的表现挂钩。这是因为这些公司要么直接从事采矿等比特币相关活动， 持有大量比特币储备， 要么其目标市场是加密用户。</blockquote></p><p> These companies include:</p><p><blockquote>这些公司包括：</blockquote></p><p> <ul>  <li>Silvergate Capital</li>  <li>MicroStrategy</li>  <li>Square</li>  <li>Riot Blockchain</li>  <li>Nvidia</li>  <li>Argo Blockchain</li>  <li>MGT Capital Investments</li>  <li>BitFarms</li>  <li>Diginex</li>  <li>Hut 8 Mining</li>  <li>Voyager Digital</li>  <li>Canaan Creative</li> </ul> This generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.</p><p><blockquote><ul><li>银门资本</li><li>微观策略</li><li>平方</li><li>暴动区块链</li><li>英伟达</li><li>Argo区块链</li><li>MGT资本投资</li><li>比特农场</li><li>迪吉内克斯</li><li>8号小屋采矿</li><li>航海家数字</li><li>迦南创意</li></ul>这通常意味着，当比特币的价格表现良好时，这些股票也往往表现良好，反之亦然。最近，摩根大通推出了一款名为 “加密货币风险篮子 ”的新金融产品--这是一种与领先的加密货币公司挂钩的债务工具，允许投资者间接投资比特币和山寨币市场。</blockquote></p><p> <b>Stocks that trade closest to BTC</b></p><p><blockquote><b>交易最接近 BTC 的股票</b></blockquote></p><p> According to data from&nbsp;Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.</p><p><blockquote>根据晨星公司的数据，就其与传统股票的相关表现而言，2020 年是全球最大加密货币创纪录的一年。</blockquote></p><p> Correlation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC&nbsp; is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.</p><p><blockquote>相关性是两个或多个项目之间关系的度量。在这种情况下，它用于衡量两个市场价格变动之间的关系。有几种方法可以计算相关性，尽管皮尔逊乘积矩相关系数（PPMCC）是衡量不同金融资产之间相似性的首选方法。PPMCC测量在1.0和-1.0之间。值越接近-1.0，说明两种资产的相关性越小；值越接近1.0，两项资产的相关性就越大。</blockquote></p><p> For anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy</p><p><blockquote>如果您有兴趣了解 PPMCC 的计算方法，以下是公式：ρxy = Cov(x,y) / σxσy</blockquote></p><p> Where ρxy = Pearson product-moment correlation coefficient</p><p><blockquote>其中ρxy=皮尔逊积-矩相关系数</blockquote></p><p> Cov(x,y) = covariance of variables x and y</p><p><blockquote>Cov(x,y)=变量x和y的协方差</blockquote></p><p> σx = standard deviation of x</p><p><blockquote>σx=x的标准偏差</blockquote></p><p> σy = standard deviation of y</p><p><blockquote>σy=y的标准偏差</blockquote></p><p> The chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&amp;P 500, gold, oil and U.S. bonds.</p><p><blockquote>下图显示了比特币与一系列传统金融市场（包括标普500、黄金、石油和美国债券）之间的相关性明显增强。</blockquote></p><p></p><p> The highest correlation between bitcoin and the stock market is theS&amp;P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in&nbsp;institutional investmentent&nbsp;ering the crypto market and large players adding bitcoin to diversify their&nbsp;portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.</p><p><blockquote>比特币和股票市场之间最高的相关性是标准普尔500指数——美国最大的500家公司的指数——值为0.22。这很可能是由于加密市场机构投资的增加以及大型参与者增加比特币以实现投资组合多元化。当市场上涨或下跌时，它可能会产生连锁反应，并蔓延到其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9de454a64c981203825b80d19bcbc41e\" tg-width=\"1200\" tg-height=\"335\"><span>Chart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck</span></p><p><blockquote><p class=\"t-img-caption\"><span>晨星公司绘制的图表显示了比特币与股票和大宗商品的相关性。资料来源：晨星/纳斯达克/VanEck</span></p></blockquote></p><p> The highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to&nbsp;gold.</p><p><blockquote>总体而言，比特币和黄金之间的相关性最高，这两种受欢迎的 “避险 ”资产在历史上曾在经济不确定时期同步上涨。由于供应稀缺、有限，比特币经常被吹捧为 “数字黄金”。然而，其高波动性和剧烈的价格波动使其风险和不可预测得多。也就是说，与黄金相比，比特币每年产生的回报要高得多。</blockquote></p><p></p>","source":"lsy1572937250936","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>Bitcoin Is Not a Stock<blockquote>比特币不是股票</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\">\nBitcoin Is Not a Stock<blockquote>比特币不是股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">coindesk</strong><span class=\"h-time small\">2021-03-18 13:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Seems obvious, right? Well, there’s a common misconception among new crypto market participants that&nbsp;bitcoin&nbsp;is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.</p><p><blockquote>似乎很明显，对吧？在新的加密货币市场参与者中，有一个普遍的误解，认为比特币是公司股票。虽然其价格活动有时会与传统市场相关，但事实上，它是一个完全独立的资产类别。</blockquote></p><p> Bitcoin is a&nbsp;cryptocurrency– a type of digital asset secured by&nbsp;cryptography&nbsp;that can be used to make electronic payments over the internet or act as a&nbsp;store of value&nbsp;like gold or silver.</p><p><blockquote>比特币是一种加密货币——一种由加密技术保护的数字资产，可用于通过互联网进行电子支付，或作为黄金或白银等价值储存手段。</blockquote></p><p> Think of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.</p><p><blockquote>把加密货币想象成货币世界的电子邮件。它们不存在物理形式，可以在几分钟内发送，并且不需要多个中介来处理付款。</blockquote></p><p> Unlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally&nbsp;distributed ledger&nbsp;that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.</p><p><blockquote>与美元或欧元等法定货币将所有银行卡和电汇交易存储在由单一机构维护的中央账本中不同，比特币和其他加密货币使用了一种名为 “区块链 ”的技术。这是一个全球分布式账本，地球上的任何人都可以维护和复制，并确保完全的不变性和透明度。</blockquote></p><p> <b>Key differences between bitcoin and stocksStocks</b></p><p><blockquote><b>比特币和股票之间的主要区别</b></blockquote></p><p> <ul>  <li>Traded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.</li>  <li>Can only be traded Monday to Friday. Market opening and closing times vary between stock exchanges</li>  <li>Regulated financial products</li>  <li>Purchasers receive share certificates to show legal proof of ownership</li>  <li>Companies can produce new shares after publicly launching, though there is a finite limit</li>  <li>Brokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company</li> </ul> Bitcoin</p><p><blockquote><ul><li>在纳斯达克、伦敦证券交易所、德意志交易所等传统证券交易所交易。</li><li>只能在周一至周五交易。不同证券交易所的开市和收市时间有所不同</li><li>受规管金融产品</li><li>买家收到股票证书以证明所有权的法律证明</li><li>公司可以在公开发行后发行新股，但有有限的限制</li><li>经纪公司保留自己代表客户执行的股票交易记录。在美国，除非投资者购买上市公司5%以上的股份，否则这些信息不会公开</li></ul>比特币</blockquote></p><p> <ul>  <li>Traded on centralized and decentralized crypto exchanges</li>  <li>Crypto markets do not close so bitcoin can be traded at any time on any day</li>  <li>Bitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property</li>  <li>Purchasers can hold their own bitcoin or delegate safe storage to third-party custodians</li>  <li>There will only ever be 21 million bitcoins. No new coins can be created</li>  <li>The Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time</li> </ul> Company stocks that are tied to bitcoin</p><p><blockquote><ul><li>在集中和分散的加密货币交易所进行交易</li><li>加密货币市场不会关闭，因此比特币可以在任何一天的任何时间进行交易</li><li>比特币不是受监管的投资工具；然而，大多数国际司法管辖区将其视为财产</li><li>购买者可以持有自己的比特币或将安全存储委托给第三方保管人</li><li>永远只会有2100万个比特币。不能创建新的硬币</li><li>比特币区块链公开记录所有交易，任何人都可以随时查看或下载</li></ul>与比特币挂钩的公司股票</blockquote></p><p> Despite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount&nbsp;of bitcoin in reserves or their target market is crypto users.</p><p><blockquote>尽管这两种投资选择之间存在差异，但仍有许多上市公司的股票与比特币的表现挂钩。这是因为这些公司要么直接从事采矿等比特币相关活动， 持有大量比特币储备， 要么其目标市场是加密用户。</blockquote></p><p> These companies include:</p><p><blockquote>这些公司包括：</blockquote></p><p> <ul>  <li>Silvergate Capital</li>  <li>MicroStrategy</li>  <li>Square</li>  <li>Riot Blockchain</li>  <li>Nvidia</li>  <li>Argo Blockchain</li>  <li>MGT Capital Investments</li>  <li>BitFarms</li>  <li>Diginex</li>  <li>Hut 8 Mining</li>  <li>Voyager Digital</li>  <li>Canaan Creative</li> </ul> This generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.</p><p><blockquote><ul><li>银门资本</li><li>微观策略</li><li>平方</li><li>暴动区块链</li><li>英伟达</li><li>Argo区块链</li><li>MGT资本投资</li><li>比特农场</li><li>迪吉内克斯</li><li>8号小屋采矿</li><li>航海家数字</li><li>迦南创意</li></ul>这通常意味着，当比特币的价格表现良好时，这些股票也往往表现良好，反之亦然。最近，摩根大通推出了一款名为 “加密货币风险篮子 ”的新金融产品--这是一种与领先的加密货币公司挂钩的债务工具，允许投资者间接投资比特币和山寨币市场。</blockquote></p><p> <b>Stocks that trade closest to BTC</b></p><p><blockquote><b>交易最接近 BTC 的股票</b></blockquote></p><p> According to data from&nbsp;Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.</p><p><blockquote>根据晨星公司的数据，就其与传统股票的相关表现而言，2020 年是全球最大加密货币创纪录的一年。</blockquote></p><p> Correlation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC&nbsp; is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.</p><p><blockquote>相关性是两个或多个项目之间关系的度量。在这种情况下，它用于衡量两个市场价格变动之间的关系。有几种方法可以计算相关性，尽管皮尔逊乘积矩相关系数（PPMCC）是衡量不同金融资产之间相似性的首选方法。PPMCC测量在1.0和-1.0之间。值越接近-1.0，说明两种资产的相关性越小；值越接近1.0，两项资产的相关性就越大。</blockquote></p><p> For anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy</p><p><blockquote>如果您有兴趣了解 PPMCC 的计算方法，以下是公式：ρxy = Cov(x,y) / σxσy</blockquote></p><p> Where ρxy = Pearson product-moment correlation coefficient</p><p><blockquote>其中ρxy=皮尔逊积-矩相关系数</blockquote></p><p> Cov(x,y) = covariance of variables x and y</p><p><blockquote>Cov(x,y)=变量x和y的协方差</blockquote></p><p> σx = standard deviation of x</p><p><blockquote>σx=x的标准偏差</blockquote></p><p> σy = standard deviation of y</p><p><blockquote>σy=y的标准偏差</blockquote></p><p> The chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&amp;P 500, gold, oil and U.S. bonds.</p><p><blockquote>下图显示了比特币与一系列传统金融市场（包括标普500、黄金、石油和美国债券）之间的相关性明显增强。</blockquote></p><p></p><p> The highest correlation between bitcoin and the stock market is theS&amp;P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in&nbsp;institutional investmentent&nbsp;ering the crypto market and large players adding bitcoin to diversify their&nbsp;portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.</p><p><blockquote>比特币和股票市场之间最高的相关性是标准普尔500指数——美国最大的500家公司的指数——值为0.22。这很可能是由于加密市场机构投资的增加以及大型参与者增加比特币以实现投资组合多元化。当市场上涨或下跌时，它可能会产生连锁反应，并蔓延到其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9de454a64c981203825b80d19bcbc41e\" tg-width=\"1200\" tg-height=\"335\"><span>Chart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck</span></p><p><blockquote><p class=\"t-img-caption\"><span>晨星公司绘制的图表显示了比特币与股票和大宗商品的相关性。资料来源：晨星/纳斯达克/VanEck</span></p></blockquote></p><p> The highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to&nbsp;gold.</p><p><blockquote>总体而言，比特币和黄金之间的相关性最高，这两种受欢迎的 “避险 ”资产在历史上曾在经济不确定时期同步上涨。由于供应稀缺、有限，比特币经常被吹捧为 “数字黄金”。然而，其高波动性和剧烈的价格波动使其风险和不可预测得多。也就是说，与黄金相比，比特币每年产生的回报要高得多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.coindesk.com/bitcoin-is-not-a-stock\">coindesk</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":{"CAN":"嘉楠科技","SI":"Shoulder Innovations, Inc.","BFARF":"Bitfarms Ltd.","NVDA":"英伟达","MSTR":"Strategy","GBTC":"比特币ETF-Grayscale","RIOT":"Riot Platforms","VYGVF":"Voyager Digital Ltd.","MGTI":"MGT Capital Investments, Inc."},"source_url":"https://www.coindesk.com/bitcoin-is-not-a-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159334095","content_text":"Seems obvious, right? Well, there’s a common misconception among new crypto market participants that bitcoin is a company stock. While its price activity can correlate with traditional markets on occasion, it is, in fact, an entirely separate asset class.\nBitcoin is a cryptocurrency– a type of digital asset secured by cryptography that can be used to make electronic payments over the internet or act as a store of value like gold or silver.\nThink of cryptocurrencies as the emails of the currency world. They do not exist in physical form, they can be sent in minutes and they do not require multiple intermediaries to handle the payment.\nUnlike fiat currencies like the U.S dollar or euro that store all card and wire transactions on a central ledger maintained by a single authority, bitcoin and other cryptocurrencies use a technology called “blockchain.” This is a globally distributed ledger that can be maintained and copied by anyone on the planet and ensures total immutability and transparency.\nKey differences between bitcoin and stocksStocks\n\nTraded on traditional stock exchanges such as Nasdaq, London Stock Exchange, Deutsche Börse, etc.\nCan only be traded Monday to Friday. Market opening and closing times vary between stock exchanges\nRegulated financial products\nPurchasers receive share certificates to show legal proof of ownership\nCompanies can produce new shares after publicly launching, though there is a finite limit\nBrokerages maintain their own record of stock trades that they execute on behalf of clients. In the United States, this information is not publicly available unless an investor purchases over 5% of a listed company\n\nBitcoin\n\nTraded on centralized and decentralized crypto exchanges\nCrypto markets do not close so bitcoin can be traded at any time on any day\nBitcoin is not a regulated investment vehicle; however, most international jurisdictions recognize it as property\nPurchasers can hold their own bitcoin or delegate safe storage to third-party custodians\nThere will only ever be 21 million bitcoins. No new coins can be created\nThe Bitcoin blockchain publicly records all transactions and can be viewed or downloaded by anyone at any time\n\nCompany stocks that are tied to bitcoin\nDespite the differences between these two investment options, there are a number of publicly traded companies whose stocks are tied to the performance of bitcoin. This is because the companies are either directly engaged in bitcoin-related activities such as mining,hold a substantial amount of bitcoin in reserves or their target market is crypto users.\nThese companies include:\n\nSilvergate Capital\nMicroStrategy\nSquare\nRiot Blockchain\nNvidia\nArgo Blockchain\nMGT Capital Investments\nBitFarms\nDiginex\nHut 8 Mining\nVoyager Digital\nCanaan Creative\n\nThis generally means that when bitcoin’s price is performing well these stocks also tend to perform well, and vice versa. Recently, JPMorgan launched a new financial product called the “Cryptocurrency Exposure Basket” – a debt instrument linked to leading crypto focused companies that allows investors to gain indirect exposure to bitcoin and the altcoin market.\nStocks that trade closest to BTC\nAccording to data from Morningstar, 2020 was a record year for the world’s largest cryptocurrency in terms of its correlated performance to traditional equities.\nCorrelation is the measure of the relationship between two or more items. In this case, it’s used to measure the relationship between the price movements of two markets. There are several methods to calculate correlation, though the Pearson Product-Moment Correlation Coefficient (PPMCC) is the preferred method for measuring similarities between different financial assets. The PPMCC  is measured between 1.0 and -1.0. The closer the value is to -1.0, the less correlated the two assets are; the closer the value is to 1.0, the more correlated are the two assets.\nFor anyone interested to know how PPMCC is calculated, here’s the equation: ρxy = Cov(x,y) / σxσy\nWhere ρxy = Pearson product-moment correlation coefficient\nCov(x,y) = covariance of variables x and y\nσx = standard deviation of x\nσy = standard deviation of y\nThe chart below illustrates a clear rise in correlation between bitcoin and a range of traditional financial markets, including the S&P 500, gold, oil and U.S. bonds.\nThe highest correlation between bitcoin and the stock market is theS&P 500– an index of the largest 500 companies in the United States – with a value of 0.22. This is most likely due to a rise in institutional investmentent ering the crypto market and large players adding bitcoin to diversify their portfolios. When either market rises or falls it presumably creates a knock-on effect that spreads to other markets.\nChart by Morningstar showing bitcoin correlation to stocks and commodities. Source: Morningstar/Nasdaq/VanEck\nThe highest correlation overall is between bitcoin and gold, two popular “safe haven” assets that have historically risen in tandem during times of economic uncertainty. Bitcoin has often been touted as “digital gold” due to its scarce, limited supply. However, its high volatility and wild price swings make it far more risky and unpredictable. That being said, bitcoin has generated substantially higher returns year on year compared to gold.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"BTCmain":0.9,"MGTI":0.9,"SI":0.9,"EQOS":0.9,"NVDA":0.9,"SQ":0.9,"VYGVF":0.9,"CAN":0.9,"RIOT":0.9,"MSTR":0.9,"ARBKF":0.9,"HUTMF":0.9,"BFARF":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323569100,"gmtCreate":1615356525900,"gmtModify":1703487817885,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323569100","repostId":"1195513345","repostType":4,"repost":{"id":"1195513345","kind":"news","pubTimestamp":1615356015,"share":"https://www.laohunote.com/m/news/1195513345?lang=zh_CN&edition=full","pubTime":"2021-03-10 14:00","market":"us","language":"en","title":"Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195513345","media":"Motley Fool","summary":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making","content":"<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位活跃的 ETF 经理从华尔街获得了重大突破。</b>股市周二飙升，收复了许多投资者在经历了艰难的几周后失地，尤其是那些关注美国高增长股票的投资者。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了两者<b>标普500</b>(SNPINDEX:^GSPC)和<b>道琼斯工业指数</b>（DJINDICES:^DJI），但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受欢迎的基金公司 ARK Invest 的创始人兼首席投资官凯西·伍德 (Cathie Wood) 是受纳斯达克股市下跌打击最大的投资者之一。在最近的市场调整之前，伍德的股票选择一直非常火爆。然而今天，她最喜欢的三只股票又重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>平方</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（NYSEMKT：ARKF）。Square 较上个月的近期高点下跌了 25% 以上，但该股周二上涨了 12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square 核心电子支付网络的案例合理且易于理解。该公司一直努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square接受加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像 Square 最近收购 Tidal 这样的战略举措需要更多解释。Square首席执行官Jack Dorsey认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前还不清楚这将如何发展，但这表明该公司愿意在令人惊讶的方向上承担风险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>同时，在<b>方舟基因组革命 ETF</b>（NYSEMKT:ARKG），你会发现<b>泰拉多克健康</b>（纽约证券交易所股票代码：TDOC）是最大的持股。Teladoc 受到的打击更大，较上个月的高点下跌了约 40%。但周二带来了 9% 的涨幅，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于 COVID-19 大流行居家规定的股票越来越谨慎。在疫情期间，Teladoc从一种便利变成了一种必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们会简单地回到旧的做事方式，并损害 Teladoc 的增长。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反驳是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们绝对没有必要。这使得远离高点的股价看起来更具吸引力，为 Teladoc 的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是迄今为止伍德最喜欢的股票，因为它是三个不同方舟投资基金的最大持股。<b>方舟下一代互联网ETF</b>（NYSEMKT:ARKW），<b>方舟自主技术与机器人 ETF</b>（NYSEMKT:ARKQ），以及地标<b>方舟创新ETF</b>(NYSEMKT:ARKK)所有股票都突出显示了特斯拉，多达 10% 的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的水平下跌了约 35%，但周二近 20% 的上涨使股价上涨了 110 美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>华尔街分析师对特斯拉CAME持乐观态度的一个来源。Wedbush 发布了每股 950 美元的新目标价，较周一收盘价 563 美元上涨近 70%。分析公司 New Street 将该股评级从中性上调至买入，并将目标价定为 900 美元。两人都认为未来几年该汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来将保持波动。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会在很长一段时间内保持人们对该汽车制造商股票的高兴趣。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>重回正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有收复这三只股票最近几周遭受的所有损失。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计 Square、Teladoc 和特斯拉的股价在未来很长一段时间内将进一步上涨。</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>Why Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</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\">\nWhy Cathie Wood's 3 Stock Favorites Got a Big Boost From the Market Tuesday<blockquote>为什么凯西·伍德 (Cathie Wood) 最喜欢的 3 只股票周二受到市场的大幅提振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-10 14:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>The active ETF manager got a big break from Wall Street.</b>  The stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)and the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.</p><p><blockquote><b>这位活跃的 ETF 经理从华尔街获得了重大突破。</b>股市周二飙升，收复了许多投资者在经历了艰难的几周后失地，尤其是那些关注美国高增长股票的投资者。<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）。纳斯达克成功超越了两者<b>标普500</b>(SNPINDEX:^GSPC)和<b>道琼斯工业指数</b>（DJINDICES:^DJI），但三者均收高，道指创下盘中新高，随后从盘中最佳水平回落。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c4f90c680b37bfb6ab2d8ce9d154a1b\" tg-width=\"803\" tg-height=\"249\">One of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.</p><p><blockquote>受欢迎的基金公司 ARK Invest 的创始人兼首席投资官凯西·伍德 (Cathie Wood) 是受纳斯达克股市下跌打击最大的投资者之一。在最近的市场调整之前，伍德的股票选择一直非常火爆。然而今天，她最喜欢的三只股票又重新受到青睐，并出现了巨大的涨幅。</blockquote></p><p> <b>Squaring up</b></p><p><blockquote><b>平方</b></blockquote></p><p> <b>Square</b>(NYSE:SQ)is Wood's largest holding in her<b>ARK Fintech Innovation ETF</b>(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.</p><p><blockquote><b>平方</b>（纽约证券交易所股票代码：SQ）是伍德最大的持股<b>方舟金融科技创新ETF</b>（NYSEMKT：ARKF）。Square 较上个月的近期高点下跌了 25% 以上，但该股周二上涨了 12%。</blockquote></p><p> The case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.</p><p><blockquote>Square 核心电子支付网络的案例合理且易于理解。该公司一直努力为各种规模的企业提供关键的金融服务。伍德还喜欢Square接受加密货币的方式，而不是回避它们作为传统支付系统颠覆者的潜在应用。</blockquote></p><p> Strategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.</p><p><blockquote>然而，像 Square 最近收购 Tidal 这样的战略举措需要更多解释。Square首席执行官Jack Dorsey认为，创建一个与艺术家社区产生共鸣的生态系统具有增长潜力。目前还不清楚这将如何发展，但这表明该公司愿意在令人惊讶的方向上承担风险。</blockquote></p><p> <b>Looking healthier</b></p><p><blockquote><b>看起来更健康</b></blockquote></p><p> Meanwhile, in the<b>ARK Genomic Revolution ETF</b>(NYSEMKT:ARKG), you'll find<b>Teladoc Health</b>(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.</p><p><blockquote>同时，在<b>方舟基因组革命 ETF</b>（NYSEMKT:ARKG），你会发现<b>泰拉多克健康</b>（纽约证券交易所股票代码：TDOC）是最大的持股。Teladoc 受到的打击更大，较上个月的高点下跌了约 40%。但周二带来了 9% 的涨幅，弥补了部分损失。</blockquote></p><p> Investors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.</p><p><blockquote>投资者对受益于 COVID-19 大流行居家规定的股票越来越谨慎。在疫情期间，Teladoc从一种便利变成了一种必需品，患者第一次看到了远程医疗的实际情况。一些人担心，当冠状病毒危机得到控制时，人们会简单地回到旧的做事方式，并损害 Teladoc 的增长。</blockquote></p><p> That's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.</p><p><blockquote>这当然是可能的，但反驳是，在看到远程医疗服务有多好后，患者可能会选择继续使用它们，即使他们绝对没有必要。这使得远离高点的股价看起来更具吸引力，为 Teladoc 的牛市提供了安全边际。</blockquote></p><p> <b>Revving its engines</b></p><p><blockquote><b>加速发动机</b></blockquote></p><p> Finally,&nbsp;<b>Tesla</b>(NASDAQ:TSLA)&nbsp;is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.<b>ARK Next Generation Internet ETF</b>(NYSEMKT:ARKW),<b>ARK Autonomous Technology &amp; Robotics ETF</b>(NYSEMKT:ARKQ), and the landmark<b>ARK Innovation ETF</b>(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.</p><p><blockquote>最后，<b>特斯拉</b>（纳斯达克股票代码：TSLA）是迄今为止伍德最喜欢的股票，因为它是三个不同方舟投资基金的最大持股。<b>方舟下一代互联网ETF</b>（NYSEMKT:ARKW），<b>方舟自主技术与机器人 ETF</b>（NYSEMKT:ARKQ），以及地标<b>方舟创新ETF</b>(NYSEMKT:ARKK)所有股票都突出显示了特斯拉，多达 10% 的基金资产投资于这家电动汽车制造商的股票。特斯拉股价在最糟糕的水平下跌了约 35%，但周二近 20% 的上涨使股价上涨了 110 美元。</blockquote></p><p> One source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.</p><p><blockquote>华尔街分析师对特斯拉CAME持乐观态度的一个来源。Wedbush 发布了每股 950 美元的新目标价，较周一收盘价 563 美元上涨近 70%。分析公司 New Street 将该股评级从中性上调至买入，并将目标价定为 900 美元。两人都认为未来几年该汽车制造商会有好处，包括更高的交付量和在中国等大市场的机会。</blockquote></p><p> Tesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.</p><p><blockquote>特斯拉承诺在可预见的未来将保持波动。然而，伍德认为特斯拉处于自动驾驶和储能关键技术进步的前沿，这可能会在很长一段时间内保持人们对该汽车制造商股票的高兴趣。</blockquote></p><p> <b>Getting back on track</b></p><p><blockquote><b>重回正轨</b></blockquote></p><p> Obviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.</p><p><blockquote>显然，一天并不能说明任何投资的长期方向，今天的涨幅也没有收复这三只股票最近几周遭受的所有损失。尽管如此，周二的反弹确实表明投资者仍然对进入伍德投资组合的公司充满信心，许多人完全预计 Square、Teladoc 和特斯拉的股价在未来很长一段时间内将进一步上涨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/\">Motley Fool</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":{"ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","TSLA":"特斯拉","ARKW":"ARK Next Generation Internet ETF","ARKG":"ARK Genomic Revolution ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","TDOC":"Teladoc Health Inc."},"source_url":"https://www.fool.com/investing/2021/03/09/why-cathie-woods-3-stock-favorites-got-a-big-boost/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195513345","content_text":"The active ETF manager got a big break from Wall Street.\n\nThe stock market soared on Tuesday, making back lost ground from what's been a tough couple of weeks for many investors, especially those focusing on the high-growth stocks in theNasdaq Composite(NASDAQINDEX:^IXIC). The Nasdaq managed to outpace both theS&P 500(SNPINDEX:^GSPC)and theDow Jones Industrial Average(DJINDICES:^DJI), but all three finished higher, and the Dow set a new intraday record high before falling back from its best levels of the session.\nOne of the investors who's gotten hit hardest by the fallingNasdaqis Cathie Wood, the founder and chief investment officer of popular fund company ARK Invest. Wood's stock picks had been red-hot until the recent market correction. Today, though, her three favorite stocks were back in favor and saw huge gains.\nSquaring up\nSquare(NYSE:SQ)is Wood's largest holding in herARK Fintech Innovation ETF(NYSEMKT:ARKF). Square had been down more than 25% from its recent highs just last month, but the stock picked up ground with an 12% rise on Tuesday.\nThe case for Square's core electronic payments network is sound and easy to understand. The company has worked hard to bring key financial services to businesses of all sizes. Wood also likes how Square has embraced cryptocurrencies rather than shying away from their potential application as disruptors to traditional payment systems.\nStrategic moves likeSquare's recent purchase of Tidal, however, take a little more explanation. Square CEO Jack Dorsey believes there's growth potential in creating an ecosystem that resonates with the artist community. It's unclear how that'll play out, but it shows the company's willingness to take risks in surprising directions.\nLooking healthier\nMeanwhile, in theARK Genomic Revolution ETF(NYSEMKT:ARKG), you'll findTeladoc Health(NYSE:TDOC)as the biggest holding. Teladoc had taken an even bigger hit, falling about 40% from its highs last month. But Tuesday brought relief in the form of a 9% gain to make back some of those losses.\nInvestors have been increasingly wary about stocks that benefited from the stay-at-home mandates of the COVID-19 pandemic. Teladoc went from being a convenience to a necessity during the pandemic, and patients got their first look at what remote medicine might actually look like. Some fear that when the coronavirus crisis is under control, people will simply go back to the old way of doing things andhurt Teladoc's growth.\nThat's certainly possible, but the counterargument is that having seen how good remote health services can be, patients might choose to keep using them even when they don't absolutely have to. That makes a share price that's well off its highs look much more attractive, offering a margin of safety for the bull case for Teladoc.\nRevving its engines\nFinally, Tesla(NASDAQ:TSLA) is by far Wood's favorite stock, as it's the top holding in three different ARK Invest funds.ARK Next Generation Internet ETF(NYSEMKT:ARKW),ARK Autonomous Technology & Robotics ETF(NYSEMKT:ARKQ), and the landmarkARK Innovation ETF(NYSEMKT:ARKK)all have Tesla prominently featured, with as much as 10% of fund assets in the electric automaker's stock. Tesla shares had been down roughly 35% at their worst levels, but a nearly 20% rise on Tuesday added a full $110 back to the stock price.\nOne source of optimism about Teslacame from Wall Street analysts. Wedbush issued a new price target of $950 per share, which represented a nearly 70% rise from Monday's closing price of $563. Analyst company New Street upgraded the stock to buy from neutral, setting a $900 price target. Both see good things for the automaker in the next few years, including higher deliveries and opportunities in big markets like China.\nTesla promises to remain volatile for the foreseeable future. Yet Wood sees Tesla at the forefront of key technological advances in autonomous driving and energy storage, and that could keep interest in the automaker's stock high for a long time.\nGetting back on track\nObviously, one day doesn't say anything about the long-term direction of any investment, and today's gains didn't claw back all the losses that these three stocks have suffered in recent weeks. Nevertheless, Tuesday's bounce does show that investors still have confidence in the companies that made it into Wood's portfolio, and many fully expect further increases in share prices for Square, Teladoc, and Tesla far into the future.","news_type":1,"symbols_score_info":{"ARKF":0.9,"TSLA":0.9,"ARKQ":0.9,"SQ":0.9,"ARKG":0.9,"ARKK":0.9,"TDOC":0.9,"ARKW":0.9}},"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357390135,"gmtCreate":1617236478427,"gmtModify":1634521915346,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/357390135","repostId":"2124703892","repostType":4,"isVote":1,"tweetType":1,"viewCount":2617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320527059,"gmtCreate":1615160946171,"gmtModify":1703484997476,"author":{"id":"3572923042290830","authorId":"3572923042290830","name":"Tzewei94","avatar":"https://static.tigerbbs.com/f6adb684d3ea173ba323c27f9954240d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572923042290830","idStr":"3572923042290830"},"themes":[],"title":"","htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/320527059","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohunote.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" 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; 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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\">\nPalantir plunged more than 13%<blockquote>Palantir 暴跌超过 13%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-05 23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超过13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}