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KYow
2021-11-08
A sign of confidence on his own company as compared to other companies out there
Buffett’s Berkshire Appetite Surpasses Cash Spent on Apple Stock<blockquote>巴菲特对伯克希尔的胃口超过了花在苹果股票上的现金</blockquote>
KYow
2021-09-24
Some more knee jerk reaction expected. Opportunities or threats?
Stock Futures Tick Down Ahead of Home-Sales Data<blockquote>房屋销售数据公布前股票期货下跌</blockquote>
KYow
2021-09-22
Next is car financing😏
抱歉,原内容已删除
KYow
2021-09-21
Just knee jerk reaction
抱歉,原内容已删除
KYow
2021-09-21
That’s why Elon is leading Tesla to great heights
Why Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</blockquote>
KYow
2021-09-20
More volatility expected this week
Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>
KYow
2021-09-20
More volatility expected this week
Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>
KYow
2021-09-17
Still quite uncertain for now…
Hot chinese concept stocks rallied in premarket trading<blockquote>热门中国概念股盘前交易反弹</blockquote>
KYow
2021-09-16
Just buy both during the correction😁
Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</blockquote>
KYow
2021-09-16
Spotting The next Tesla
抱歉,原内容已删除
KYow
2021-09-14
Waiting for YUMC to go up😅
KYow
2021-09-13
Wondering this turnaround is just short term?
Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>
KYow
2021-09-08
PayPal is acquiring Paidy to strengthen its presence in the Japanese market
KYow
2021-09-07
A good read[Strong]
3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</blockquote>
KYow
2021-09-03
This company that provides Property services is still bullish. Up and up
KYow
2021-07-11
Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.
5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</blockquote>
KYow
2021-07-09
Good news for China companies
抱歉,原内容已删除
KYow
2021-07-03
[Salute] Will heed such expert advice to be ready forvolatile market ahead
Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>
KYow
2021-07-01
Check out this article from MarketWatch - Xometry Rockets 99% in First Day of Trading
去老虎APP查看更多动态
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sign of confidence on his own company as compared to other companies out there","listText":"A sign of confidence on his own company as compared to other companies out there","text":"A sign of confidence on his own company as compared to other companies out there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845481241","repostId":"1107472736","repostType":4,"repost":{"id":"1107472736","kind":"news","pubTimestamp":1636357314,"share":"https://www.laohunote.com/m/news/1107472736?lang=zh_CN&edition=full","pubTime":"2021-11-08 15:41","market":"us","language":"en","title":"Buffett’s Berkshire Appetite Surpasses Cash Spent on Apple Stock<blockquote>巴菲特对伯克希尔的胃口超过了花在苹果股票上的现金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107472736","media":"Bloomberg","summary":"(Bloomberg) -- Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in re","content":"<p><div> (Bloomberg) -- Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in recent years than he did amassing his biggest equity bet on Apple Inc. Berkshire spent nearly $20 ...</p><p><blockquote><div>(彭博社)--沃伦-巴菲特(Warren Buffett)近年来回购伯克希尔-哈撒韦公司(Berkshire Hathaway Inc. Berkshire Hathaway Inc.</div></blockquote></p><p> <a href=\"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","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>Buffett’s Berkshire Appetite Surpasses Cash Spent on Apple Stock<blockquote>巴菲特对伯克希尔的胃口超过了花在苹果股票上的现金</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\">\nBuffett’s Berkshire Appetite Surpasses Cash Spent on Apple Stock<blockquote>巴菲特对伯克希尔的胃口超过了花在苹果股票上的现金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-11-08 15:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in recent years than he did amassing his biggest equity bet on Apple Inc. Berkshire spent nearly $20 ...</p><p><blockquote><div>(彭博社)--沃伦-巴菲特(Warren Buffett)近年来回购伯克希尔-哈撒韦公司(Berkshire Hathaway Inc. Berkshire Hathaway Inc.</div></blockquote></p><p> <a href=\"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html\">Bloomberg</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":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://finance.yahoo.com/news/buffett-berkshire-appetite-surpasses-cash-173252893.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107472736","content_text":"(Bloomberg) -- Warren Buffett has spent more money buying back Berkshire Hathaway Inc.’s stock in recent years than he did amassing his biggest equity bet on Apple Inc.\nBerkshire spent nearly $20 billion more repurchasing its own stock since the middle of 2018 than it deployed accumulating its Apple stake through the end of last year. In total, Buffett poured about $51 billion into buybacks since a change to its policy more than three years ago, and appears to have continued snapping up at least $1.7 billion of stock since the end of September.\nBuffett, Berkshire’s chairman and chief executive officer, has built Berkshire into a sprawling conglomerate valued at more than $650 billion, but that immense size has heaped pressure on his need for what he deemed an “elephant-sized” acquisition to ramp up Berkshire’s growth. Buffett has been foiled on his recent deal hunt, outbid at times by aggressive private equity firms. That’s left him increasingly relying on buybacks, with more than $20 billion of repurchases so far this year, as a way to put some of Berkshire’s record cash pile to work.\n“The bull case would say they bought back $20 billion worth of their stock because they’re confident in their future outlook and that should be a catalyst for the stock, and my sense is it probably will,” Cathy Seifert, an analyst at CFRA Research, said. “The bear case, which is also relevant to point out, is this is a company that has had, as a stated desire, the need to make additional acquisitions and they haven’t been able to do that.”\nIt’s a marked shift for a CEO who previously shunned buybacks. For years, Buffett preferred large deals and spending money snapping up other company’s stocks over repurchasing Berkshire’s own shares. But that changed in 2018 when the company’s board lifted a cap on buybacks, giving Buffett and his longtime business partner, Charlie Munger, more flexibility to parcel out profits.\nBuybacks have now surpassed even Berkshire’s largest holding, an Apple Inc. stake valued at more than $121 billion at the end of September. The company has spent just $31 billion buying Apple shares since it began accumulating that stake in 2016 through the end of 2020, according to the most recent data available.\nWhat Bloomberg Intelligence Says\n“We believe Warren Buffett’s significant share repurchases show his conservatism as rising valuations make deals he may find attractive more scarce.”\n-- Matthew Palazola and Kylie Towbin, BI analysts\nAll the buyback activity, while significant in size, hasn’t been enough to meaningfully whittle away some of the conglomerate’s cash. Berkshire ended September with a record $149.2 billion of funds in its coffers. While investors often want management to remain disciplined on when and how it spends the money, the swelling cash pile is “somewhat disappointing,” according to Edward Jones analyst Jim Shanahan.\n“Buybacks were fine, but cash balances increased again,” Shanahan said. “Cash is now approaching $150 billion. That certainly was unexpected earlier this calendar year, I would have thought they would have been able to manage that lower with a combination of investments, acquisitions and buybacks.”\nThe Omaha, Nebraska-based business, which reported third-quarter earnings Saturday, posted an 18% gain in operating profit during that period, buoyed by record railroad earnings and strong results from its energy businesses. That helped offset even more underwriting losses at its group of insurers, which have been hit by catastrophes such as Hurricane Ida and more frequent claims from its drivers at auto insurer Geico.\nBerkshire also disclosed that it bought back at least $1.7 billion in stock from the end of September through October 27, according to Saturday’s filing. Empire Financial Research’s Whitney Tilson, who’s attended the Berkshire annual meeting for more than two decades, applauded the buyback, but noted that he’d still prefer to see Buffett find the next lucrative stock bet.\n“If Buffett could find another Apple, clearly I’d rather have him allocate to that,” Tilson said. “Buying back Berkshire stock makes sense when you’re drowning in cash.”","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":1388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861129118,"gmtCreate":1632472322434,"gmtModify":1632720686234,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Some more knee jerk reaction expected. Opportunities or threats?","listText":"Some more knee jerk reaction expected. Opportunities or threats?","text":"Some more knee jerk reaction expected. Opportunities or threats?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861129118","repostId":"1167580481","repostType":4,"repost":{"id":"1167580481","kind":"news","pubTimestamp":1632470328,"share":"https://www.laohunote.com/m/news/1167580481?lang=zh_CN&edition=full","pubTime":"2021-09-24 15:58","market":"us","language":"en","title":"Stock Futures Tick Down Ahead of Home-Sales Data<blockquote>房屋销售数据公布前股票期货下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167580481","media":"The Wall Street Journal","summary":"The yield on 10-year U.S. Treasurys climbed.\n\nU.S. stock futures edged down ahead of new-home sales ","content":"<p> <b>The yield on 10-year U.S. Treasurys climbed.</b> U.S. stock futures edged down ahead of new-home sales figures, and as investors watched to see whether struggling China Evergrande Group would make a keydollar-bond payment.</p><p><blockquote><b>10年期美国国债收益率攀升。</b>美国股指期货在新屋销售数据公布前小幅下跌,投资者关注陷入困境的中国恒大集团是否会支付关键美元债券款项。</blockquote></p><p> S&P 500 futures fell 0.2% and futures tied to the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict movements after the opening bell.</p><p><blockquote>标普500期货下跌 0.2%,与道琼斯工业平均指数挂钩的期货下跌 0.1%。合约不一定能预测开盘后的走势。</blockquote></p><p> Europe stocks declined Friday after a three-day winning streak. The Stoxx Europe 600 was lower 0.5% in morning trade. Consumer staples and communication services sectors led the losses while health care and information technology sectors rose.</p><p><blockquote>欧洲股市在连续三天上涨后周五下跌。斯托克欧洲 600 指数早盘下跌 0.5%。必需消费品和通信服务板块领跌,而医疗保健和信息技术板块则上涨。</blockquote></p><p> The U.K.’s FTSE 100, which is dominated by large international businesses, shed 0.3%. Other stock in Europe also mostly slipped as France’s CAC 40 fell 0.6%, the U.K.’s FTSE 250 lost 0.4%, and Germany’s DAX was down 0.7%.</p><p><blockquote>以大型国际企业为主的英国富时 100 指数下跌了 0.3%。欧洲其他股市也大多下跌,法国 CAC 40 指数下跌 0.6%,英国富时 250 指数下跌 0.4%,德国 DAX 指数下跌 0.7%。</blockquote></p><p> The Swiss franc, the euro and the British pound were flat against the dollar.</p><p><blockquote>瑞士法郎、欧元和英镑兑美元持平。</blockquote></p><p> In commodities, international benchmark Brent crude rose 0.2% to $76.64 a barrel. Gold was also up 0.2% to $1,753.00 a troy ounce.</p><p><blockquote>大宗商品方面,国际基准布伦特原油上涨0.2%,至每桶76.64美元。黄金也上涨 0.2%,至每金衡盎司 1,753.00 美元。</blockquote></p><p> German 10-year bund yields were up to minus 0.236% and the yield on 10-year U.K. government debt known as gilts gained to 0.846%. 10-year U.S. Treasury yields were up to 1.438% from 1.408%. Yields move inversely to prices.</p><p><blockquote>德国10年期国债收益率升至负0.236%,英国10年期国债收益率升至0.846%。10年期美国国债收益率从1.408%升至1.438%。收益率与价格成反比。</blockquote></p><p> Stocks in Asia were mixed as Japan’s Nikkei 225 index gained 2.1%, whereas Hong Kong’s Hang Seng was flat, declining 0.1% after falling 0.7% and China’s benchmark Shanghai Composite lost 0.8%.</p><p><blockquote>亚洲股市涨跌互现,日本日经 225 指数上涨 2.1%,香港恒生指数持平,在下跌 0.7% 后下跌 0.1%,中国基准上证综指下跌 0.8%。</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>Stock Futures Tick Down Ahead of Home-Sales Data<blockquote>房屋销售数据公布前股票期货下跌</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\">\nStock Futures Tick Down Ahead of Home-Sales Data<blockquote>房屋销售数据公布前股票期货下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-24 15:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>The yield on 10-year U.S. Treasurys climbed.</b> U.S. stock futures edged down ahead of new-home sales figures, and as investors watched to see whether struggling China Evergrande Group would make a keydollar-bond payment.</p><p><blockquote><b>10年期美国国债收益率攀升。</b>美国股指期货在新屋销售数据公布前小幅下跌,投资者关注陷入困境的中国恒大集团是否会支付关键美元债券款项。</blockquote></p><p> S&P 500 futures fell 0.2% and futures tied to the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict movements after the opening bell.</p><p><blockquote>标普500期货下跌 0.2%,与道琼斯工业平均指数挂钩的期货下跌 0.1%。合约不一定能预测开盘后的走势。</blockquote></p><p> Europe stocks declined Friday after a three-day winning streak. The Stoxx Europe 600 was lower 0.5% in morning trade. Consumer staples and communication services sectors led the losses while health care and information technology sectors rose.</p><p><blockquote>欧洲股市在连续三天上涨后周五下跌。斯托克欧洲 600 指数早盘下跌 0.5%。必需消费品和通信服务板块领跌,而医疗保健和信息技术板块则上涨。</blockquote></p><p> The U.K.’s FTSE 100, which is dominated by large international businesses, shed 0.3%. Other stock in Europe also mostly slipped as France’s CAC 40 fell 0.6%, the U.K.’s FTSE 250 lost 0.4%, and Germany’s DAX was down 0.7%.</p><p><blockquote>以大型国际企业为主的英国富时 100 指数下跌了 0.3%。欧洲其他股市也大多下跌,法国 CAC 40 指数下跌 0.6%,英国富时 250 指数下跌 0.4%,德国 DAX 指数下跌 0.7%。</blockquote></p><p> The Swiss franc, the euro and the British pound were flat against the dollar.</p><p><blockquote>瑞士法郎、欧元和英镑兑美元持平。</blockquote></p><p> In commodities, international benchmark Brent crude rose 0.2% to $76.64 a barrel. Gold was also up 0.2% to $1,753.00 a troy ounce.</p><p><blockquote>大宗商品方面,国际基准布伦特原油上涨0.2%,至每桶76.64美元。黄金也上涨 0.2%,至每金衡盎司 1,753.00 美元。</blockquote></p><p> German 10-year bund yields were up to minus 0.236% and the yield on 10-year U.K. government debt known as gilts gained to 0.846%. 10-year U.S. Treasury yields were up to 1.438% from 1.408%. Yields move inversely to prices.</p><p><blockquote>德国10年期国债收益率升至负0.236%,英国10年期国债收益率升至0.846%。10年期美国国债收益率从1.408%升至1.438%。收益率与价格成反比。</blockquote></p><p> Stocks in Asia were mixed as Japan’s Nikkei 225 index gained 2.1%, whereas Hong Kong’s Hang Seng was flat, declining 0.1% after falling 0.7% and China’s benchmark Shanghai Composite lost 0.8%.</p><p><blockquote>亚洲股市涨跌互现,日本日经 225 指数上涨 2.1%,香港恒生指数持平,在下跌 0.7% 后下跌 0.1%,中国基准上证综指下跌 0.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-09-24-2021-11632469768?mod=rss_markets_main\">The Wall Street Journal</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/global-stock-markets-dow-update-09-24-2021-11632469768?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167580481","content_text":"The yield on 10-year U.S. Treasurys climbed.\n\nU.S. stock futures edged down ahead of new-home sales figures, and as investors watched to see whether struggling China Evergrande Group would make a keydollar-bond payment.\nS&P 500 futures fell 0.2% and futures tied to the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict movements after the opening bell.\nEurope stocks declined Friday after a three-day winning streak. The Stoxx Europe 600 was lower 0.5% in morning trade. Consumer staples and communication services sectors led the losses while health care and information technology sectors rose.\nThe U.K.’s FTSE 100, which is dominated by large international businesses, shed 0.3%. Other stock in Europe also mostly slipped as France’s CAC 40 fell 0.6%, the U.K.’s FTSE 250 lost 0.4%, and Germany’s DAX was down 0.7%.\nThe Swiss franc, the euro and the British pound were flat against the dollar.\nIn commodities, international benchmark Brent crude rose 0.2% to $76.64 a barrel. Gold was also up 0.2% to $1,753.00 a troy ounce.\nGerman 10-year bund yields were up to minus 0.236% and the yield on 10-year U.K. government debt known as gilts gained to 0.846%. 10-year U.S. Treasury yields were up to 1.438% from 1.408%. Yields move inversely to prices.\nStocks in Asia were mixed as Japan’s Nikkei 225 index gained 2.1%, whereas Hong Kong’s Hang Seng was flat, declining 0.1% after falling 0.7% and China’s benchmark Shanghai Composite lost 0.8%.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869580183,"gmtCreate":1632303319542,"gmtModify":1632801389611,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Next is car financing😏","listText":"Next is car financing😏","text":"Next is car financing😏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/869580183","repostId":"1135042460","repostType":4,"isVote":1,"tweetType":1,"viewCount":1695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860763501,"gmtCreate":1632214949303,"gmtModify":1632802025161,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Just knee jerk reaction","listText":"Just knee jerk reaction","text":"Just knee jerk reaction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860763501","repostId":"1169324317","repostType":4,"isVote":1,"tweetType":1,"viewCount":1631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860797422,"gmtCreate":1632209400566,"gmtModify":1632802050960,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"That’s why Elon is leading Tesla to great heights","listText":"That’s why Elon is leading Tesla to great heights","text":"That’s why Elon is leading Tesla to great heights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/860797422","repostId":"1150093379","repostType":4,"repost":{"id":"1150093379","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1632187101,"share":"https://www.laohunote.com/m/news/1150093379?lang=zh_CN&edition=full","pubTime":"2021-09-21 09:18","market":"us","language":"en","title":"Why Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150093379","media":"Benzinga Earnings","summary":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are ","content":"<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p><p><blockquote>每个行业的无数人都会在其他人中留下印记。金融行业的趋势和人物对无数人的生活产生了更大的影响,但这还不止于此。有影响力的人的财务决策通常会影响他们的追随者做出自己的财务决策的方式,包括那些正在寻找出租公寓投资机会的人。埃隆·马斯克是金融行业最具影响力的人之一。有很多理由证明这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p><p><blockquote>调查确实声称他同时对加密市场产生了显著影响。这表明,可能有各种各样的情况有助于将这个人转变为整个金融行业的游戏规则改变者。</blockquote></p><p> <b>Who Is Elon Musk?</b></p><p><blockquote><b>埃隆·马斯克是谁?</b></blockquote></p><p> Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p><p><blockquote>埃隆·马斯克是世界著名企业家之一,也是许多公司的创始人。他通过他一直在谈论的汽车品牌特斯拉获得了令人难以置信的财富。此外,埃隆·马斯克现在被认为是引领全球市场的有影响力的人物之一。最近,他还被报道为世界上最富有的人。</blockquote></p><p> <b>A Glance into Elon Musk's Early Years</b></p><p><blockquote><b>回顾埃隆·马斯克的早年</b></blockquote></p><p> Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p><p><blockquote>不可否认,埃隆·马斯克在金融和发明领域都是一位成就斐然的人。但毫不奇怪,每个成功人士都需要持续的支持和鼓励来实现个人和职业发展。因此,了解埃隆从小的生活是有道理的。</blockquote></p><p> Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p><p><blockquote>埃隆的早年与他现在的生活场景大相径庭。他于1971年出生在南非城市比勒陀利亚。他在同一个城市长大。他总是一个聪明的孩子,努力尝试新事物。他的父亲是南非人,母亲是加拿大人。他们精心抚养他,因为他是所有兄弟姐妹中最聪明的。这时,他开始得到父母的鼓励和支持。</blockquote></p><p> <b>The challenges Elon faced</b></p><p><blockquote><b>埃隆面临的挑战</b></blockquote></p><p> Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p><p><blockquote>父母离婚后,埃隆大部分时间都和父亲住在一起,但他设法控制了自己的心理健康。他是一个雄心勃勃的孩子。他专注于学习,经常被其他孩子欺负成书呆子。不过,这并没有改变他的目标。他个性中不断增长的火花证明了他从成功一开始就接受了欺凌的挑战。</blockquote></p><p> Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p><p><blockquote>他没有为别人过去是如何欺负他而哭泣,而是决定利用自己好学的个性来探索更多他最感兴趣的东西。基于这个决定,埃隆确定了自己的创造力水平,并在实现一生中的里程碑方面变得势不可挡。</blockquote></p><p> <b>Education</b></p><p><blockquote><b>教育</b></blockquote></p><p> His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p><p><blockquote>他对教育的倾向说明了为什么埃隆·马斯克是当今最有影响力的人。此外,他总是把自己与技术媒介联系在一起。这就是他在10岁时就完全了解编程的原因。</blockquote></p><p> Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p><p><blockquote>埃隆还在学生时代的早期设计了一款视频游戏。他后来被加拿大一所名为女王大学的大学录取。这所大学位于加拿大安大略省,他在移居美国之前曾在那里学习。</blockquote></p><p> The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p><p><blockquote>这位聪明的学生在女王大学完成两年的教育后被转移到宾夕法尼亚大学。他拥有经济学和物理学学位。这两个学位都帮助他成为了我们大多数人认为可能是他有影响力的天性背后的原因的人。</blockquote></p><p> Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p><p><blockquote>此外,他本应在1995年去斯坦福大学上课,但这从未发生过。他是建立自己事业的唯一观点。这个想法帮助他成为了一名努力的企业家。</blockquote></p><p> <b>Why Elon Musk is the Most Influential</b></p><p><blockquote><b>为什么埃隆·马斯克最有影响力</b></blockquote></p><p> It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p><p><blockquote>可以肯定地说,他是财富圈永不停歇的魅力,让世人津津乐道。他领导着金融市场的大脑,许多合理的理由证明了这一说法是正确的。</blockquote></p><p> Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p><p><blockquote>以下是他回答“埃隆·马斯克如何影响世界?”这个问题的一些最重要的成就。</blockquote></p><p> <b>His Impact on the Surge in Cryptocurrency Value</b></p><p><blockquote><b>他对加密货币价值飙升的影响</b></blockquote></p><p> An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p><p><blockquote>普通消费者可能并不完全了解公司的决定对金融市场的影响,但这就是这里发生的事情。特斯拉确实宣布将购买大量比特币,价值约15亿美元。</blockquote></p><p> Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p><p><blockquote>做出决定后,该公司做出了一个有影响力的决定:该决定涉及如何付款。它在选择加密货币作为支付方式方面做了一些公告。</blockquote></p><p></p><p> The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p><p><blockquote>加密货币的价值每隔一天就在变化,当时也是如此。然而,事情的发生却有所不同。在特斯拉汽车制造商做出重大宣布后,用户开始对购买和投资比特币货币产生更多兴趣。</blockquote></p><p> That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p><p><blockquote>就在那时,比特币的市场走势突然发生了变化。在Elon宣布这一消息后,每个人都对购买比特币感兴趣,因此价格上涨了。因此,它直接指的是埃隆·马斯克作为一个强大的商业人物的权威。</blockquote></p><p> <b>Elon Started His Success Story as the Co-Founder of Tesla</b></p><p><blockquote><b>埃隆作为特斯拉的联合创始人开始了他的成功故事</b></blockquote></p><p> This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p><p><blockquote>这是对他一生的主要描述,也可能是最重要的成就。当他在2004年开始给它更多的资金时,他获得了更大的成功和名气。此外,他开始与一些著名工程师合作,为特斯拉奠定了坚实的基础。</blockquote></p><p> Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p><p><blockquote>后来,在经历了合伙人之间的个人冲突后,他独自一人管理自己的业务。该公司生产了一款名为特斯拉跑车的电动汽车,给特斯拉带来了不可否认的名声。它与包括太阳能生产在内的其他贡献一起成为了一个成功的汽车品牌。</blockquote></p><p> Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p><p><blockquote>埃隆对特斯拉的发展所做的贡献一直是人们关注的焦点。多年来,直到今天,他通过生产更好、更坚固的汽车,不断超越业内同行。他的电动汽车赢得了帝国的声誉,这说明了为什么埃隆·马斯克是最有影响力的商人。</blockquote></p><p> <b>Pioneer in online payment systems</b></p><p><blockquote><b>在线支付系统的先驱</b></blockquote></p><p> In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p><p><blockquote>1995年,埃隆与他的兄弟金巴尔·马斯克合作,以Zip2公司的形式创办了自己的企业。这是他的第一家公司,这次推出是他走向成功的坚实一步。尽管他的业务涉及为流行杂志(《芝加哥论坛报》和《纽约时报》)提供城市指南,但这导致了一个值得讨论的事件:埃隆将Zip2公司出售给了康柏计算机公司的一个部门。</blockquote></p><p> With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p><p><blockquote>埃隆手头有 3.07 亿美元和 3400 万美元的股票,他很幸运地利用这笔钱创办了一家新企业 X.com。也就是说,他成功实现了在金融行业发声的愿景。正是由于X.com的起源,在线支付系统的概念才得以出现。埃隆成功地以PayPal的形式实现了他的概念。</blockquote></p><p> All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p><p><blockquote>所有的功劳都归于埃隆,因为他创立了电子支付服务,即使他不是现任首席执行官。一段时间后,他被公司开除,但这位创始人的价值仍然完好无损。</blockquote></p><p> <b>Contributions in SpaceX</b></p><p><blockquote><b>对 SpaceX 的贡献</b></blockquote></p><p> Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p><p><blockquote>多年来,埃隆做出了许多承诺和计划,并建立了有影响力的联系,以确保未来的太空投资。此外,他还计划在2025年前与美国宇航局合作前往火星。因此,他的计划一直是一致的。</blockquote></p><p> His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p><p><blockquote>他为制造可重复使用的火箭所做的主要努力是无价的。他们指的是以猎鹰9号的形式前往火星的成本较低的旅行选择。此外,该航天器设计得非常完美,并成功执行了外层空间任务。</blockquote></p><p> <b>The Idea of Making Phone Calls from Computers</b></p><p><blockquote><b>用计算机制作电话评级的想法</b></blockquote></p><p> Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p><p><blockquote>埃隆的个人成就也让世界了解了他的创造力水平。1997年,他一直关注通过电脑实现电话评级。这给了他一个尝试这个机会的机会。</blockquote></p><p> His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p><p><blockquote>他的想法是将传统的计算机与座机连接起来,以节省大量的时间和精力。因此,他的努力在实际实施中得到了证明。然后,用户可以通过计算机在线访问公司的联系人。此外,这一概念采取了看涨期权中心的形式,我们看到这些中心在世界各地开展活动。</blockquote></p><p> <b>The Boring Company</b></p><p><blockquote><b>无聊公司</b></blockquote></p><p> In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p><p><blockquote>2016年底,埃隆创立了无聊公司。这家公司以隧道和基础设施建设为基础。该项目的前提是,目前的交通状况是完全不可接受的,尤其是道路下有这么多未使用的空间。埃隆的想法是,没有必要在地面上旅行。</blockquote></p><p> The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p><p><blockquote>该公司的目标是通过制造和使用大功率镗床来加快生产并降低隧道成本。目标还包括较小的隧道。</blockquote></p><p> In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p><p><blockquote>2020年,该公司已经在拉斯维加斯、华盛顿特区、霍桑、芝加哥、巴尔的摩、洛杉矶等地区有正在进行的项目。为了获得资金,埃隆开始以无聊公司为品牌销售帽子。到2017年,他已经卖出了超过40,000顶帽子,筹集了超过84万美元。卖出5万顶帽子后,下一个产品是一个无聊的公司喷火器。每个火焰喷射器的售价为 500 美元,马斯克在几天内就筹集了 1000 万美元。</blockquote></p><p></p><p> The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p><p><blockquote>这家无聊的公司还将其股份出售给早期风险投资公司,通过这种方式筹集了约 1.2 亿美元。还有其他一些资金来源,结果是到2020年2月完成了两个调谐器。这家无聊公司的未来计划也包括高速运输系统,因此我们必须继续关注更多更新。</blockquote></p><p> <b>A Few Secrets of Elon Musk’s Success</b></p><p><blockquote><b>埃隆-马斯克成功的一些秘诀</b></blockquote></p><p> Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p><p><blockquote>许多人想知道为什么埃隆的努力如此成功。他在几次采访中透露了一些成功的秘诀。现在让我们讨论一下这些教训的症结所在:</blockquote></p><p> <b>Money Is Not the Goal</b></p><p><blockquote><b>金钱不是目标</b></blockquote></p><p> For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p><p><blockquote>对于今天的大多数企业家和职业建设者来说,最初的目标至少是赚尽可能多的钱。这不一定是一个消极的目标;毕竟,我们必须为必需品工作,为了维持某种生活方式。</blockquote></p><p> However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p><p><blockquote>然而,埃隆说,他的商业态度并不是把钱作为所有活动的中心。事实上,他在接受采访时表示,他并不知道自己到底有多少钱。他在几个银行账户中都没有一定金额;相反,他在 SolarCity、SpaceX 和特斯拉等公司拥有一些投票权。然后,市场会对这些投票进行估值,即他在这些公司中的所有权股份。</blockquote></p><p> Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p><p><blockquote>埃隆还表示,只要过程符合道德,追求财富并没有错。然而,他坚持认为这种追求并不是他的动力。到目前为止,这种方法似乎对他和他的公司很有效。</blockquote></p><p> Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p><p><blockquote>他的公司主要生产电动汽车,取得了特别积极的进展。如果我们看看它最近的表现,特斯拉股票的价值已经飙升,现在价值超过7000亿美元。从某种意义上说,这个价值超过了通用汽车、菲亚特克莱斯勒、大众、福特、法拉利和宝马的总和。演员小罗伯特-唐尼(Robert Downy Jr.</blockquote></p><p> Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p><p><blockquote>有趣的是,埃隆在接受采访时也表示,他并不指望在生命的尽头变得富有。他计划在火星基地上花一大笔钱。这个项目可能会占用他一生的收入,他已经做好了心理准备。事实上,他认为这是最好的办法,而不是带着数十亿美元离开人世。</blockquote></p><p> <b>Making Sure to Pursue Your Passion</b></p><p><blockquote><b>确保追求你的激情</b></blockquote></p><p> Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p><p><blockquote>说到火星基地,这项努力是埃隆认为的最终成功。他认为,既然我们都希望未来在各方面都更加令人兴奋、发达和更好,我们就必须从今天开始做出必要的努力。</blockquote></p><p> His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p><p><blockquote>他的公司SpaceX就是这种努力的一个很好的例子。埃隆创办这家公司是出于挫败感和雄心壮志,因为他觉得美国的太空计划不够雄心勃勃。他的期望是定期超越地球大气层;把人送上火星,开发月球基地,并定期执行轨道任务。</blockquote></p><p> Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p><p><blockquote>埃隆并不满足于失望,而是在有能力的情况下开始着手 “火星绿洲任务 ”。这次任务的目的是在火星上建造一个温室。虽然温室很小,但主要的想法是再次激发公众对太空的兴奋。这里的另一个动机是说服美国政府给美国宇航局分配更高的预算。</blockquote></p><p> During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p><p><blockquote>然而,在这些努力中,埃隆意识到太空探索的问题更多地与财政有关,而不是公共利益。他发现所需的技术比绝对必要的技术要昂贵得多。从那里,他开始了他的SpaceX业务,这是迄今为止最具成本效益的火箭发射企业。</blockquote></p><p> Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p><p><blockquote>同样,他的主要目标不是尽可能多地赚钱,而是让一个人登上火星。埃隆并不认为自己的努力是一个想从投资中获得最大收益的投资者。相反,他的工作是工程师的工作,解决紧迫技术问题的热情是他每天早上起床的动力。</blockquote></p><p> Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p><p><blockquote>埃隆还记住,他克服的每一个商业障碍也将有助于那些试图处理同样问题的人。这就是为什么在 2014 年,他宣布将开放特斯拉的所有专利。有了这些专利,电动汽车可以在世界各地变得广泛和更容易制造。</blockquote></p><p> While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p><p><blockquote>虽然这种开源理念有一定的条件,但事实仍然是,这一举措将帮助我们所有人制造更环保的汽车。同样,主要目标不是让特斯拉成为垄断企业并对电动汽车收取溢价。相反,这是为了帮助人们更容易、更便宜地获得不会这么快毁灭地球的车辆。</blockquote></p><p> <b>Taking the Chance to Think Big</b></p><p><blockquote><b>抓住机会大胆思考</b></blockquote></p><p></p><p> The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p><p><blockquote>到目前为止的讨论已经向我们展示了埃隆的想法有多大。更令人印象深刻的是,他不怕思考这些想法,并努力将这些想法付诸实践。有些人甚至会把这种想法贴上过于大胆甚至荒谬的标签,但埃隆已经证明他们是错误的。</blockquote></p><p> Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p><p><blockquote>我们通常与埃隆·马斯克联系在一起的几个想法包括彻底改变全球汽车工业、进入火星、在真空隧道内建造极快的火车、改变电池和太阳能行业,以及将人工智能集成到人脑中。</blockquote></p><p> Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p><p><blockquote>我们看到这里出现了一种模式吗?所有这些想法和项目都是未来主义的,嵌入了先进的技术,甚至本质上是幻想的。埃隆的一些想法和梦想几乎就像 20 世纪 80 年代科幻杂志上的概念。</blockquote></p><p> Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p><p><blockquote>埃隆实际上受到了他童年时喜欢的科幻电影和书籍的启发。随着年龄的增长,这种灵感变成了雄心壮志。在他走向成功的过程中,他得到的印象是,大多数公司的雄心壮志非常低,这对他们的激励结构产生了不利影响。</blockquote></p><p> As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p><p><blockquote>因此,许多企业在增量主义系统中运营,这意味着他们的目标只是适度的改进,并且需要很长时间才能实现。埃隆指出,如果有人是一家大公司的首席执行官或所有者,浪费时间进行改进,他们就不会承担责任。他们只会将责任转移到供应商、工人或其他从属方身上。</blockquote></p><p> On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p><p><blockquote>另一方面,埃隆也指出,如果有人很勇敢,想要进行突破性的创新或改进,他们也会承担所有的责任。如果这个大胆的想法没有奏效,首席执行官几乎肯定会被解雇。这就是为什么许多公司只关注小的发展步骤,而不是追求有可能带来重大变革的重大创新。他们也宁愿在现有产品上下功夫,也不愿想象新的、独特的产品,除非他们先覆盖了所有的基地。</blockquote></p><p> Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p><p><blockquote>考虑到这一切,埃隆的建议是致力于未来重要的事情。在他的个人层级中,埃隆本人希望加快全球从不可再生化石燃料向更环保、更持久的替代品的转变。接下来,他想致力于殖民火星,并可能使人类在行星上生活成为可能。这是为了确保人类生存的时间比现在预测的时间长得多(化石燃料耗尽,地球变暖)。</blockquote></p><p> <b>Getting Ready for Risks</b></p><p><blockquote><b>为风险做好准备</b></blockquote></p><p> With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p><p><blockquote>伟大的想法伴随着巨大的风险,埃隆说人们必须为此做好准备。他自己也处理了一些巨大的风险,证明了自己有赢得比赛的底气。</blockquote></p><p> For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p><p><blockquote>例如,2002年,他出售了自己在Zip2和PayPal的股份。这些是他的第一次冒险,当时他三十出头,名下有大约2亿美元。</blockquote></p><p> His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p><p><blockquote>他此时的计划是将一半的钱投资于商业,其余的钱靠自己生活。然而,就他的商业生活而言,这个阶段也是最黑暗的阶段。</blockquote></p><p> While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p><p><blockquote>虽然他没有很多新业务,但这正是他们遇到几个问题的时候。SpaceX发射了三次,每次都失败了。特斯拉在设计、供应链和生产方面面临着各种各样的问题。</blockquote></p><p> Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p><p><blockquote>最重要的是,埃隆还面临着金融危机,做出了艰难的选择。他要么继续舒适地生活,让他的生意消亡,要么他可以投资这一切,给他的想法一个生存的机会。</blockquote></p><p> We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p><p><blockquote>我们都知道接下来发生了什么;埃隆冒了险,投入了他为自己准备的钱。他还欠了债,最后向朋友借钱只是为了一些生活费。</blockquote></p><p> Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p><p><blockquote>破产的可能性很大,但埃隆表示他并不太害怕。他说,如果他的孩子必须上公立学校而不是私立学校,那就不是世界末日了。毕竟,埃隆自己也是一个公立学校的孩子。</blockquote></p><p> <b>Ignore Those Who Criticize</b></p><p><blockquote><b>忽略那些批评的人</b></blockquote></p><p> While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p><p><blockquote>虽然破产并没有让埃隆失望,但他确实表示,当他已经陷入困境时,某些批评者的干涉让他感到震惊。几个博客网站甚至在特斯拉上设立了死亡守望,其他人认为埃隆本人太傲慢了,不值得成功。</blockquote></p><p> However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p><p><blockquote>然而,埃隆否认他或他的团队曾经傲慢。他只是说他们渴望实现某个目标,并不是说他们一定会达到那个目标。因此,他的下一个成功秘诀是不听批评者的话;至少,不会是那些为你可能的失败而高兴的人。</blockquote></p><p></p><p> Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p><p><blockquote>Elon曾表示,他和其他人都不相信特斯拉或SpaceX会在成立之初赚很多钱。然而,正如我们上面所报道的,他的目标无论如何都不是赚钱,而是解决问题。他无视那些反对他的人,继续他的计划。</blockquote></p><p> Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p><p><blockquote>总的来说,不听批评者和反对者的话让一切变得简单多了。然后,他能够专注于他的信仰和真正重要的事情。</blockquote></p><p> So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p><p><blockquote>到目前为止,市场似乎对埃隆的努力表示赞赏。2014年10月,投资银行摩根士丹利对SpaceX的估值约为1000亿美元。</blockquote></p><p> <b>The Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p><p><blockquote>埃隆·马斯克因许多事情而闻名;工作狂就是其中之一。他每周工作 120 小时,以确保公司生产按计划进行。然而,他也确保一路上享受自己的生活。他的努力并非没有争议,也并非总是置身事外。一路上也出现了更多的问题,其中最重要的是新冠肺炎疫情关闭了特斯拉在三藩市的生产。</blockquote></p><p> Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p><p><blockquote>尽管有这一切和一些不稳定的行为,埃隆似乎比以往任何时候都更强大。他仍然是一个雄心勃勃的企业家,并且没有放慢脚步的迹象。他取得了如此多的成功和解放思想,无疑是所有崭露头角的企业家、投资者和思想家的灵感来源。</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 Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</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 Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-09-21 09:18</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p><p><blockquote>每个行业的无数人都会在其他人中留下印记。金融行业的趋势和人物对无数人的生活产生了更大的影响,但这还不止于此。有影响力的人的财务决策通常会影响他们的追随者做出自己的财务决策的方式,包括那些正在寻找出租公寓投资机会的人。埃隆·马斯克是金融行业最具影响力的人之一。有很多理由证明这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p><p><blockquote>调查确实声称他同时对加密市场产生了显著影响。这表明,可能有各种各样的情况有助于将这个人转变为整个金融行业的游戏规则改变者。</blockquote></p><p> <b>Who Is Elon Musk?</b></p><p><blockquote><b>埃隆·马斯克是谁?</b></blockquote></p><p> Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p><p><blockquote>埃隆·马斯克是世界著名企业家之一,也是许多公司的创始人。他通过他一直在谈论的汽车品牌特斯拉获得了令人难以置信的财富。此外,埃隆·马斯克现在被认为是引领全球市场的有影响力的人物之一。最近,他还被报道为世界上最富有的人。</blockquote></p><p> <b>A Glance into Elon Musk's Early Years</b></p><p><blockquote><b>回顾埃隆·马斯克的早年</b></blockquote></p><p> Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p><p><blockquote>不可否认,埃隆·马斯克在金融和发明领域都是一位成就斐然的人。但毫不奇怪,每个成功人士都需要持续的支持和鼓励来实现个人和职业发展。因此,了解埃隆从小的生活是有道理的。</blockquote></p><p> Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p><p><blockquote>埃隆的早年与他现在的生活场景大相径庭。他于1971年出生在南非城市比勒陀利亚。他在同一个城市长大。他总是一个聪明的孩子,努力尝试新事物。他的父亲是南非人,母亲是加拿大人。他们精心抚养他,因为他是所有兄弟姐妹中最聪明的。这时,他开始得到父母的鼓励和支持。</blockquote></p><p> <b>The challenges Elon faced</b></p><p><blockquote><b>埃隆面临的挑战</b></blockquote></p><p> Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p><p><blockquote>父母离婚后,埃隆大部分时间都和父亲住在一起,但他设法控制了自己的心理健康。他是一个雄心勃勃的孩子。他专注于学习,经常被其他孩子欺负成书呆子。不过,这并没有改变他的目标。他个性中不断增长的火花证明了他从成功一开始就接受了欺凌的挑战。</blockquote></p><p> Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p><p><blockquote>他没有为别人过去是如何欺负他而哭泣,而是决定利用自己好学的个性来探索更多他最感兴趣的东西。基于这个决定,埃隆确定了自己的创造力水平,并在实现一生中的里程碑方面变得势不可挡。</blockquote></p><p> <b>Education</b></p><p><blockquote><b>教育</b></blockquote></p><p> His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p><p><blockquote>他对教育的倾向说明了为什么埃隆·马斯克是当今最有影响力的人。此外,他总是把自己与技术媒介联系在一起。这就是他在10岁时就完全了解编程的原因。</blockquote></p><p> Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p><p><blockquote>埃隆还在学生时代的早期设计了一款视频游戏。他后来被加拿大一所名为女王大学的大学录取。这所大学位于加拿大安大略省,他在移居美国之前曾在那里学习。</blockquote></p><p> The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p><p><blockquote>这位聪明的学生在女王大学完成两年的教育后被转移到宾夕法尼亚大学。他拥有经济学和物理学学位。这两个学位都帮助他成为了我们大多数人认为可能是他有影响力的天性背后的原因的人。</blockquote></p><p> Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p><p><blockquote>此外,他本应在1995年去斯坦福大学上课,但这从未发生过。他是建立自己事业的唯一观点。这个想法帮助他成为了一名努力的企业家。</blockquote></p><p> <b>Why Elon Musk is the Most Influential</b></p><p><blockquote><b>为什么埃隆·马斯克最有影响力</b></blockquote></p><p> It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p><p><blockquote>可以肯定地说,他是财富圈永不停歇的魅力,让世人津津乐道。他领导着金融市场的大脑,许多合理的理由证明了这一说法是正确的。</blockquote></p><p> Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p><p><blockquote>以下是他回答“埃隆·马斯克如何影响世界?”这个问题的一些最重要的成就。</blockquote></p><p> <b>His Impact on the Surge in Cryptocurrency Value</b></p><p><blockquote><b>他对加密货币价值飙升的影响</b></blockquote></p><p> An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p><p><blockquote>普通消费者可能并不完全了解公司的决定对金融市场的影响,但这就是这里发生的事情。特斯拉确实宣布将购买大量比特币,价值约15亿美元。</blockquote></p><p> Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p><p><blockquote>做出决定后,该公司做出了一个有影响力的决定:该决定涉及如何付款。它在选择加密货币作为支付方式方面做了一些公告。</blockquote></p><p></p><p> The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p><p><blockquote>加密货币的价值每隔一天就在变化,当时也是如此。然而,事情的发生却有所不同。在特斯拉汽车制造商做出重大宣布后,用户开始对购买和投资比特币货币产生更多兴趣。</blockquote></p><p> That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p><p><blockquote>就在那时,比特币的市场走势突然发生了变化。在Elon宣布这一消息后,每个人都对购买比特币感兴趣,因此价格上涨了。因此,它直接指的是埃隆·马斯克作为一个强大的商业人物的权威。</blockquote></p><p> <b>Elon Started His Success Story as the Co-Founder of Tesla</b></p><p><blockquote><b>埃隆作为特斯拉的联合创始人开始了他的成功故事</b></blockquote></p><p> This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p><p><blockquote>这是对他一生的主要描述,也可能是最重要的成就。当他在2004年开始给它更多的资金时,他获得了更大的成功和名气。此外,他开始与一些著名工程师合作,为特斯拉奠定了坚实的基础。</blockquote></p><p> Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p><p><blockquote>后来,在经历了合伙人之间的个人冲突后,他独自一人管理自己的业务。该公司生产了一款名为特斯拉跑车的电动汽车,给特斯拉带来了不可否认的名声。它与包括太阳能生产在内的其他贡献一起成为了一个成功的汽车品牌。</blockquote></p><p> Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p><p><blockquote>埃隆对特斯拉的发展所做的贡献一直是人们关注的焦点。多年来,直到今天,他通过生产更好、更坚固的汽车,不断超越业内同行。他的电动汽车赢得了帝国的声誉,这说明了为什么埃隆·马斯克是最有影响力的商人。</blockquote></p><p> <b>Pioneer in online payment systems</b></p><p><blockquote><b>在线支付系统的先驱</b></blockquote></p><p> In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p><p><blockquote>1995年,埃隆与他的兄弟金巴尔·马斯克合作,以Zip2公司的形式创办了自己的企业。这是他的第一家公司,这次推出是他走向成功的坚实一步。尽管他的业务涉及为流行杂志(《芝加哥论坛报》和《纽约时报》)提供城市指南,但这导致了一个值得讨论的事件:埃隆将Zip2公司出售给了康柏计算机公司的一个部门。</blockquote></p><p> With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p><p><blockquote>埃隆手头有 3.07 亿美元和 3400 万美元的股票,他很幸运地利用这笔钱创办了一家新企业 X.com。也就是说,他成功实现了在金融行业发声的愿景。正是由于X.com的起源,在线支付系统的概念才得以出现。埃隆成功地以PayPal的形式实现了他的概念。</blockquote></p><p> All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p><p><blockquote>所有的功劳都归于埃隆,因为他创立了电子支付服务,即使他不是现任首席执行官。一段时间后,他被公司开除,但这位创始人的价值仍然完好无损。</blockquote></p><p> <b>Contributions in SpaceX</b></p><p><blockquote><b>对 SpaceX 的贡献</b></blockquote></p><p> Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p><p><blockquote>多年来,埃隆做出了许多承诺和计划,并建立了有影响力的联系,以确保未来的太空投资。此外,他还计划在2025年前与美国宇航局合作前往火星。因此,他的计划一直是一致的。</blockquote></p><p> His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p><p><blockquote>他为制造可重复使用的火箭所做的主要努力是无价的。他们指的是以猎鹰9号的形式前往火星的成本较低的旅行选择。此外,该航天器设计得非常完美,并成功执行了外层空间任务。</blockquote></p><p> <b>The Idea of Making Phone Calls from Computers</b></p><p><blockquote><b>用计算机制作电话评级的想法</b></blockquote></p><p> Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p><p><blockquote>埃隆的个人成就也让世界了解了他的创造力水平。1997年,他一直关注通过电脑实现电话评级。这给了他一个尝试这个机会的机会。</blockquote></p><p> His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p><p><blockquote>他的想法是将传统的计算机与座机连接起来,以节省大量的时间和精力。因此,他的努力在实际实施中得到了证明。然后,用户可以通过计算机在线访问公司的联系人。此外,这一概念采取了看涨期权中心的形式,我们看到这些中心在世界各地开展活动。</blockquote></p><p> <b>The Boring Company</b></p><p><blockquote><b>无聊公司</b></blockquote></p><p> In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p><p><blockquote>2016年底,埃隆创立了无聊公司。这家公司以隧道和基础设施建设为基础。该项目的前提是,目前的交通状况是完全不可接受的,尤其是道路下有这么多未使用的空间。埃隆的想法是,没有必要在地面上旅行。</blockquote></p><p> The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p><p><blockquote>该公司的目标是通过制造和使用大功率镗床来加快生产并降低隧道成本。目标还包括较小的隧道。</blockquote></p><p> In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p><p><blockquote>2020年,该公司已经在拉斯维加斯、华盛顿特区、霍桑、芝加哥、巴尔的摩、洛杉矶等地区有正在进行的项目。为了获得资金,埃隆开始以无聊公司为品牌销售帽子。到2017年,他已经卖出了超过40,000顶帽子,筹集了超过84万美元。卖出5万顶帽子后,下一个产品是一个无聊的公司喷火器。每个火焰喷射器的售价为 500 美元,马斯克在几天内就筹集了 1000 万美元。</blockquote></p><p></p><p> The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p><p><blockquote>这家无聊的公司还将其股份出售给早期风险投资公司,通过这种方式筹集了约 1.2 亿美元。还有其他一些资金来源,结果是到2020年2月完成了两个调谐器。这家无聊公司的未来计划也包括高速运输系统,因此我们必须继续关注更多更新。</blockquote></p><p> <b>A Few Secrets of Elon Musk’s Success</b></p><p><blockquote><b>埃隆-马斯克成功的一些秘诀</b></blockquote></p><p> Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p><p><blockquote>许多人想知道为什么埃隆的努力如此成功。他在几次采访中透露了一些成功的秘诀。现在让我们讨论一下这些教训的症结所在:</blockquote></p><p> <b>Money Is Not the Goal</b></p><p><blockquote><b>金钱不是目标</b></blockquote></p><p> For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p><p><blockquote>对于今天的大多数企业家和职业建设者来说,最初的目标至少是赚尽可能多的钱。这不一定是一个消极的目标;毕竟,我们必须为必需品工作,为了维持某种生活方式。</blockquote></p><p> However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p><p><blockquote>然而,埃隆说,他的商业态度并不是把钱作为所有活动的中心。事实上,他在接受采访时表示,他并不知道自己到底有多少钱。他在几个银行账户中都没有一定金额;相反,他在 SolarCity、SpaceX 和特斯拉等公司拥有一些投票权。然后,市场会对这些投票进行估值,即他在这些公司中的所有权股份。</blockquote></p><p> Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p><p><blockquote>埃隆还表示,只要过程符合道德,追求财富并没有错。然而,他坚持认为这种追求并不是他的动力。到目前为止,这种方法似乎对他和他的公司很有效。</blockquote></p><p> Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p><p><blockquote>他的公司主要生产电动汽车,取得了特别积极的进展。如果我们看看它最近的表现,特斯拉股票的价值已经飙升,现在价值超过7000亿美元。从某种意义上说,这个价值超过了通用汽车、菲亚特克莱斯勒、大众、福特、法拉利和宝马的总和。演员小罗伯特-唐尼(Robert Downy Jr.</blockquote></p><p> Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p><p><blockquote>有趣的是,埃隆在接受采访时也表示,他并不指望在生命的尽头变得富有。他计划在火星基地上花一大笔钱。这个项目可能会占用他一生的收入,他已经做好了心理准备。事实上,他认为这是最好的办法,而不是带着数十亿美元离开人世。</blockquote></p><p> <b>Making Sure to Pursue Your Passion</b></p><p><blockquote><b>确保追求你的激情</b></blockquote></p><p> Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p><p><blockquote>说到火星基地,这项努力是埃隆认为的最终成功。他认为,既然我们都希望未来在各方面都更加令人兴奋、发达和更好,我们就必须从今天开始做出必要的努力。</blockquote></p><p> His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p><p><blockquote>他的公司SpaceX就是这种努力的一个很好的例子。埃隆创办这家公司是出于挫败感和雄心壮志,因为他觉得美国的太空计划不够雄心勃勃。他的期望是定期超越地球大气层;把人送上火星,开发月球基地,并定期执行轨道任务。</blockquote></p><p> Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p><p><blockquote>埃隆并不满足于失望,而是在有能力的情况下开始着手 “火星绿洲任务 ”。这次任务的目的是在火星上建造一个温室。虽然温室很小,但主要的想法是再次激发公众对太空的兴奋。这里的另一个动机是说服美国政府给美国宇航局分配更高的预算。</blockquote></p><p> During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p><p><blockquote>然而,在这些努力中,埃隆意识到太空探索的问题更多地与财政有关,而不是公共利益。他发现所需的技术比绝对必要的技术要昂贵得多。从那里,他开始了他的SpaceX业务,这是迄今为止最具成本效益的火箭发射企业。</blockquote></p><p> Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p><p><blockquote>同样,他的主要目标不是尽可能多地赚钱,而是让一个人登上火星。埃隆并不认为自己的努力是一个想从投资中获得最大收益的投资者。相反,他的工作是工程师的工作,解决紧迫技术问题的热情是他每天早上起床的动力。</blockquote></p><p> Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p><p><blockquote>埃隆还记住,他克服的每一个商业障碍也将有助于那些试图处理同样问题的人。这就是为什么在 2014 年,他宣布将开放特斯拉的所有专利。有了这些专利,电动汽车可以在世界各地变得广泛和更容易制造。</blockquote></p><p> While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p><p><blockquote>虽然这种开源理念有一定的条件,但事实仍然是,这一举措将帮助我们所有人制造更环保的汽车。同样,主要目标不是让特斯拉成为垄断企业并对电动汽车收取溢价。相反,这是为了帮助人们更容易、更便宜地获得不会这么快毁灭地球的车辆。</blockquote></p><p> <b>Taking the Chance to Think Big</b></p><p><blockquote><b>抓住机会大胆思考</b></blockquote></p><p></p><p> The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p><p><blockquote>到目前为止的讨论已经向我们展示了埃隆的想法有多大。更令人印象深刻的是,他不怕思考这些想法,并努力将这些想法付诸实践。有些人甚至会把这种想法贴上过于大胆甚至荒谬的标签,但埃隆已经证明他们是错误的。</blockquote></p><p> Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p><p><blockquote>我们通常与埃隆·马斯克联系在一起的几个想法包括彻底改变全球汽车工业、进入火星、在真空隧道内建造极快的火车、改变电池和太阳能行业,以及将人工智能集成到人脑中。</blockquote></p><p> Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p><p><blockquote>我们看到这里出现了一种模式吗?所有这些想法和项目都是未来主义的,嵌入了先进的技术,甚至本质上是幻想的。埃隆的一些想法和梦想几乎就像 20 世纪 80 年代科幻杂志上的概念。</blockquote></p><p> Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p><p><blockquote>埃隆实际上受到了他童年时喜欢的科幻电影和书籍的启发。随着年龄的增长,这种灵感变成了雄心壮志。在他走向成功的过程中,他得到的印象是,大多数公司的雄心壮志非常低,这对他们的激励结构产生了不利影响。</blockquote></p><p> As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p><p><blockquote>因此,许多企业在增量主义系统中运营,这意味着他们的目标只是适度的改进,并且需要很长时间才能实现。埃隆指出,如果有人是一家大公司的首席执行官或所有者,浪费时间进行改进,他们就不会承担责任。他们只会将责任转移到供应商、工人或其他从属方身上。</blockquote></p><p> On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p><p><blockquote>另一方面,埃隆也指出,如果有人很勇敢,想要进行突破性的创新或改进,他们也会承担所有的责任。如果这个大胆的想法没有奏效,首席执行官几乎肯定会被解雇。这就是为什么许多公司只关注小的发展步骤,而不是追求有可能带来重大变革的重大创新。他们也宁愿在现有产品上下功夫,也不愿想象新的、独特的产品,除非他们先覆盖了所有的基地。</blockquote></p><p> Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p><p><blockquote>考虑到这一切,埃隆的建议是致力于未来重要的事情。在他的个人层级中,埃隆本人希望加快全球从不可再生化石燃料向更环保、更持久的替代品的转变。接下来,他想致力于殖民火星,并可能使人类在行星上生活成为可能。这是为了确保人类生存的时间比现在预测的时间长得多(化石燃料耗尽,地球变暖)。</blockquote></p><p> <b>Getting Ready for Risks</b></p><p><blockquote><b>为风险做好准备</b></blockquote></p><p> With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p><p><blockquote>伟大的想法伴随着巨大的风险,埃隆说人们必须为此做好准备。他自己也处理了一些巨大的风险,证明了自己有赢得比赛的底气。</blockquote></p><p> For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p><p><blockquote>例如,2002年,他出售了自己在Zip2和PayPal的股份。这些是他的第一次冒险,当时他三十出头,名下有大约2亿美元。</blockquote></p><p> His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p><p><blockquote>他此时的计划是将一半的钱投资于商业,其余的钱靠自己生活。然而,就他的商业生活而言,这个阶段也是最黑暗的阶段。</blockquote></p><p> While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p><p><blockquote>虽然他没有很多新业务,但这正是他们遇到几个问题的时候。SpaceX发射了三次,每次都失败了。特斯拉在设计、供应链和生产方面面临着各种各样的问题。</blockquote></p><p> Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p><p><blockquote>最重要的是,埃隆还面临着金融危机,做出了艰难的选择。他要么继续舒适地生活,让他的生意消亡,要么他可以投资这一切,给他的想法一个生存的机会。</blockquote></p><p> We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p><p><blockquote>我们都知道接下来发生了什么;埃隆冒了险,投入了他为自己准备的钱。他还欠了债,最后向朋友借钱只是为了一些生活费。</blockquote></p><p> Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p><p><blockquote>破产的可能性很大,但埃隆表示他并不太害怕。他说,如果他的孩子必须上公立学校而不是私立学校,那就不是世界末日了。毕竟,埃隆自己也是一个公立学校的孩子。</blockquote></p><p> <b>Ignore Those Who Criticize</b></p><p><blockquote><b>忽略那些批评的人</b></blockquote></p><p> While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p><p><blockquote>虽然破产并没有让埃隆失望,但他确实表示,当他已经陷入困境时,某些批评者的干涉让他感到震惊。几个博客网站甚至在特斯拉上设立了死亡守望,其他人认为埃隆本人太傲慢了,不值得成功。</blockquote></p><p> However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p><p><blockquote>然而,埃隆否认他或他的团队曾经傲慢。他只是说他们渴望实现某个目标,并不是说他们一定会达到那个目标。因此,他的下一个成功秘诀是不听批评者的话;至少,不会是那些为你可能的失败而高兴的人。</blockquote></p><p></p><p> Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p><p><blockquote>Elon曾表示,他和其他人都不相信特斯拉或SpaceX会在成立之初赚很多钱。然而,正如我们上面所报道的,他的目标无论如何都不是赚钱,而是解决问题。他无视那些反对他的人,继续他的计划。</blockquote></p><p> Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p><p><blockquote>总的来说,不听批评者和反对者的话让一切变得简单多了。然后,他能够专注于他的信仰和真正重要的事情。</blockquote></p><p> So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p><p><blockquote>到目前为止,市场似乎对埃隆的努力表示赞赏。2014年10月,投资银行摩根士丹利对SpaceX的估值约为1000亿美元。</blockquote></p><p> <b>The Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p><p><blockquote>埃隆·马斯克因许多事情而闻名;工作狂就是其中之一。他每周工作 120 小时,以确保公司生产按计划进行。然而,他也确保一路上享受自己的生活。他的努力并非没有争议,也并非总是置身事外。一路上也出现了更多的问题,其中最重要的是新冠肺炎疫情关闭了特斯拉在三藩市的生产。</blockquote></p><p> Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p><p><blockquote>尽管有这一切和一些不稳定的行为,埃隆似乎比以往任何时候都更强大。他仍然是一个雄心勃勃的企业家,并且没有放慢脚步的迹象。他取得了如此多的成功和解放思想,无疑是所有崭露头角的企业家、投资者和思想家的灵感来源。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150093379","content_text":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.\n\nSurveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.\nWho Is Elon Musk?\nElon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.\nA Glance into Elon Musk's Early Years\nUndeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.\nElon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.\nThe challenges Elon faced\nElon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.\nInstead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.\nEducation\nHis inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.\nElon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.\nThe bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.\nBesides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.\nWhy Elon Musk is the Most Influential\nIt will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.\nBelow are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"\nHis Impact on the Surge in Cryptocurrency Value\nAn average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.\nFollowing the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.\nThe value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.\nThat was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.\nElon Started His Success Story as the Co-Founder of Tesla\nThis is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.\nLater on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.\nTesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.\nPioneer in online payment systems\nIn 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.\nWith $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.\nAll credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.\nContributions in SpaceX\nElon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.\nHis prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.\nThe Idea of Making Phone Calls from Computers\nElon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.\nHis concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.\nThe Boring Company\nIn late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.\nThe goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.\nIn 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.\nThe Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.\nA Few Secrets of Elon Musk’s Success\nMany people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:\nMoney Is Not the Goal\nFor most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.\nHowever, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.\nElon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.\nTesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.\nInterestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.\nMaking Sure to Pursue Your Passion\nSpeaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.\nHis company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.\nElon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.\nDuring these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.\nAgain, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.\nElon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.\nWhile there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.\nTaking the Chance to Think Big\nThe discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.\nJust a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.\nDo we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.\nElon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.\nAs a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.\nOn the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.\nKeeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).\nGetting Ready for Risks\nWith big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.\nFor example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.\nHis plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.\nWhile he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.\nElon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.\nWe all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.\nBankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.\nIgnore Those Who Criticize\nWhile bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.\nHowever, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.\nElon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.\nOverall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.\nSo far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.\nThe Takeaway\nElon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.\nDespite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887787766,"gmtCreate":1632100190355,"gmtModify":1632802864724,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"More volatility expected this week","listText":"More volatility expected this week","text":"More volatility expected this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/887787766","repostId":"1194891884","repostType":4,"repost":{"id":"1194891884","kind":"news","pubTimestamp":1632091615,"share":"https://www.laohunote.com/m/news/1194891884?lang=zh_CN&edition=full","pubTime":"2021-09-20 06:46","market":"us","language":"en","title":"Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194891884","media":"Barrons","summary":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also","content":"<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</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>Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</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\">\nNike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-20 06:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2\">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":{"FDX":"联邦快递",".SPX":"S&P 500 Index","NKE":"耐克",".DJI":"道琼斯","CRM":"赛富时","ADBE":"Adobe","COST":"好市多",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194891884","content_text":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.\nLennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.\nThe Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.\nEconomic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.\nMonday 9/20\nLennar reports third-quarter fiscal-2021 results.\nMerck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.\nThe National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.\nTuesday 9/21\nAdobe, AutoZone, and FedEx release earnings.\nBiogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.\nThe Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.\nWednesday 9/22\nThe FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.\nGeneral Mills reports first-quarter fiscal-2022 results.\nBoston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.\nTheBank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.\nThe National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.\nThursday 9/23\nAccenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.\nSalesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.\nThe Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.\nFriday 9/24\nKansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,".DJI":0.9,"CRM":0.9,".IXIC":0.9,"NKE":0.9,".SPX":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":1482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887782208,"gmtCreate":1632100005004,"gmtModify":1632802868240,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"More volatility expected this week","listText":"More volatility expected this week","text":"More volatility expected this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/887782208","repostId":"1194891884","repostType":4,"repost":{"id":"1194891884","kind":"news","pubTimestamp":1632091615,"share":"https://www.laohunote.com/m/news/1194891884?lang=zh_CN&edition=full","pubTime":"2021-09-20 06:46","market":"us","language":"en","title":"Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194891884","media":"Barrons","summary":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also","content":"<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</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>Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</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\">\nNike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-20 06:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2\">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":{"FDX":"联邦快递",".SPX":"S&P 500 Index","NKE":"耐克",".DJI":"道琼斯","CRM":"赛富时","ADBE":"Adobe","COST":"好市多",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194891884","content_text":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.\nLennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.\nThe Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.\nEconomic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.\nMonday 9/20\nLennar reports third-quarter fiscal-2021 results.\nMerck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.\nThe National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.\nTuesday 9/21\nAdobe, AutoZone, and FedEx release earnings.\nBiogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.\nThe Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.\nWednesday 9/22\nThe FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.\nGeneral Mills reports first-quarter fiscal-2022 results.\nBoston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.\nTheBank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.\nThe National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.\nThursday 9/23\nAccenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.\nSalesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.\nThe Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.\nFriday 9/24\nKansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,".DJI":0.9,"CRM":0.9,".IXIC":0.9,"NKE":0.9,".SPX":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":1417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884184427,"gmtCreate":1631867884469,"gmtModify":1631891003105,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Still quite uncertain for now…","listText":"Still quite uncertain for now…","text":"Still quite uncertain for now…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884184427","repostId":"1186832781","repostType":4,"repost":{"id":"1186832781","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":1631866468,"share":"https://www.laohunote.com/m/news/1186832781?lang=zh_CN&edition=full","pubTime":"2021-09-17 16:14","market":"us","language":"en","title":"Hot chinese concept stocks rallied in premarket trading<blockquote>热门中国概念股盘前交易反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186832781","media":"Tiger Newspress","summary":"Hot chinese concept stocks rallied in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi","content":"<p>Hot chinese concept stocks rallied in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global and KE Holdings climbed between 1% and 4%.</p><p><blockquote>热门中国概念股在盘前交易中反弹.阿里巴巴、拼多多、京东、百度、哔哩哔哩、滴滴全球和科控股上涨1%至4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/db64bdd0f1217c315ee5850da3162954\" tg-width=\"407\" tg-height=\"722\" width=\"100%\" height=\"auto\"></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>Hot chinese concept stocks rallied in premarket trading<blockquote>热门中国概念股盘前交易反弹</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\">\nHot chinese concept stocks rallied in premarket trading<blockquote>热门中国概念股盘前交易反弹</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-17 16:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hot chinese concept stocks rallied in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global and KE Holdings climbed between 1% and 4%.</p><p><blockquote>热门中国概念股在盘前交易中反弹.阿里巴巴、拼多多、京东、百度、哔哩哔哩、滴滴全球和科控股上涨1%至4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/db64bdd0f1217c315ee5850da3162954\" tg-width=\"407\" tg-height=\"722\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186832781","content_text":"Hot chinese concept stocks rallied in premarket trading.Alibaba,Pinduoduo,JD.COM,Baidu,Bilibili,Didi Global and KE Holdings climbed between 1% and 4%.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885679366,"gmtCreate":1631792149355,"gmtModify":1631883981824,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Just buy both during the correction😁","listText":"Just buy both during the correction😁","text":"Just buy both during the correction😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/885679366","repostId":"1126607843","repostType":4,"repost":{"id":"1126607843","kind":"news","pubTimestamp":1631785252,"share":"https://www.laohunote.com/m/news/1126607843?lang=zh_CN&edition=full","pubTime":"2021-09-16 17:40","market":"us","language":"en","title":"Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126607843","media":"seekingalpha","summary":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves at","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li> <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li> <li>Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li> <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言,现在股市出现大幅回调的可能性值得关注。</li><li>在最近的过去,苹果和微软对股市的大幅下跌做出了不同的反应。</li><li>苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</li><li>在假设的修正情况下,微软的下跌潜力低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍……</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美国股市上一次大调整结束以来,纳斯达克指数已上涨近170%:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说,考虑到该指数过去十年的平均年总价格回报率不超过20%,这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市出现新的重大调整的可能性更高。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外,还有其他因素让我们对当前市场的价格水平持谨慎态度。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先,今年流动性流入股市创历史新高。我现在不说原因,很明显。但这一事实本身就使得市场极其波动:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.</p><p><blockquote>第二,美国股市的相对规模已经超过名义GDP的200%。原则上,这不是一个基本的限制。但正是超宽松的货币政策让美国股市达到了目前的创纪录水平。最有可能的是,在这种情况下,逆转已经勾勒出来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预期市场将进入波动加剧和货币政策收紧的阶段:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以,客观来说,股市下一次回调的可能性至少值得关注。在这种情况下,我建议回答这个问题:<i>如果出现调整,苹果 (AAPL) 和微软 (MSFT) 哪家公司的跌幅更大?</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软?</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定是由两个因素决定的。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先,这是科技行业最大的两家公司,合计占美国股市总市值的10%以上。这些公司规模如此之大,原则上,仅凭它们的动态就能引发新一波的调整:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次,两家公司都支付股息。在基本面估值方面,这个因素起着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先,让我们来看看两家公司在最近市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为此,我将三年的时间跨度分为八个市场走势时期:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:TradingView,作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的业绩:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看,统计数据是明确的:<i>在调整期间,微软价格的跌幅往往小于苹果。</i>但另一方面,苹果在市场增长时期的表现一直较好。在这种情况下,所获得的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期,两家公司表现出大致相同的回报。因此,在这里我们找不到我们问题的线索……</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下,公司股票价格可以从两个角度来看。</blockquote></p><p> On the one hand, the price reflects the present value of the company's <b>future cash flow</b>. On the other hand, the price is the present value of the sum of <b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>一方面,价格反映了公司的现值<b>未来现金流量</b>另一方面,价格是以下总和的现值<b>所有潜在股息</b>公司将来会支付。让我们模拟一下苹果和微软的价格。为此,我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了减少模型的主观性,我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with <b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>.以下是加权平均资本成本的计算方法:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注:</blockquote></p><p> <ul> <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li> <li>I used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li> <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率,我使用equityriskpremium(4.72%)和UST10的当前收益率作为无风险利率(1.33%)。</li><li>我使用了三年贝塔系数的当前值。对于最后一年,我使用等于1的Beta。</li><li>为了计算债务成本,我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于 DCF 的苹果股票目标价约为 181 美元(+22%)。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>就苹果而言,在构建股息贴现模型时,还需要考虑到公司持续积极回购的事实:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续目前的动态,该模型假设到最后一年,稀释股票的数量将减少到135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的 25% 用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息贴现模型本身:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于 DDM 的苹果股票目标价为 69 美元 (-54%)。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在让我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于 DCF 的微软股票目标价约为 353 美元(+18%)。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的势头将继续下去,到最后一年,稀释后的股票数量将减少到 72 亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于 DDM 的微软股票目标价为 203 美元(-32%)。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>让我们总结一下:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是,我已经在这些公司的案例中观察到类似的结果很长时间了。我的意思是,苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明,在市场增长时期,投资者并不特别倾向于关注股息。此外,最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间,潜在股息的现值是价格难以下跌的最低水平。在这种情况下,我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段,当调整的可能性已经超出形式上时,在我看来,与苹果相比,投资微软的风险较小。</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>Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</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 Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-16 17:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li> <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li> <li>Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li> <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言,现在股市出现大幅回调的可能性值得关注。</li><li>在最近的过去,苹果和微软对股市的大幅下跌做出了不同的反应。</li><li>苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</li><li>在假设的修正情况下,微软的下跌潜力低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍……</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美国股市上一次大调整结束以来,纳斯达克指数已上涨近170%:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说,考虑到该指数过去十年的平均年总价格回报率不超过20%,这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市出现新的重大调整的可能性更高。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外,还有其他因素让我们对当前市场的价格水平持谨慎态度。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先,今年流动性流入股市创历史新高。我现在不说原因,很明显。但这一事实本身就使得市场极其波动:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.</p><p><blockquote>第二,美国股市的相对规模已经超过名义GDP的200%。原则上,这不是一个基本的限制。但正是超宽松的货币政策让美国股市达到了目前的创纪录水平。最有可能的是,在这种情况下,逆转已经勾勒出来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预期市场将进入波动加剧和货币政策收紧的阶段:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以,客观来说,股市下一次回调的可能性至少值得关注。在这种情况下,我建议回答这个问题:<i>如果出现调整,苹果 (AAPL) 和微软 (MSFT) 哪家公司的跌幅更大?</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软?</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定是由两个因素决定的。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先,这是科技行业最大的两家公司,合计占美国股市总市值的10%以上。这些公司规模如此之大,原则上,仅凭它们的动态就能引发新一波的调整:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次,两家公司都支付股息。在基本面估值方面,这个因素起着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先,让我们来看看两家公司在最近市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为此,我将三年的时间跨度分为八个市场走势时期:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:TradingView,作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的业绩:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看,统计数据是明确的:<i>在调整期间,微软价格的跌幅往往小于苹果。</i>但另一方面,苹果在市场增长时期的表现一直较好。在这种情况下,所获得的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期,两家公司表现出大致相同的回报。因此,在这里我们找不到我们问题的线索……</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下,公司股票价格可以从两个角度来看。</blockquote></p><p> On the one hand, the price reflects the present value of the company's <b>future cash flow</b>. On the other hand, the price is the present value of the sum of <b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>一方面,价格反映了公司的现值<b>未来现金流量</b>另一方面,价格是以下总和的现值<b>所有潜在股息</b>公司将来会支付。让我们模拟一下苹果和微软的价格。为此,我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了减少模型的主观性,我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with <b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>.以下是加权平均资本成本的计算方法:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注:</blockquote></p><p> <ul> <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li> <li>I used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li> <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率,我使用equityriskpremium(4.72%)和UST10的当前收益率作为无风险利率(1.33%)。</li><li>我使用了三年贝塔系数的当前值。对于最后一年,我使用等于1的Beta。</li><li>为了计算债务成本,我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于 DCF 的苹果股票目标价约为 181 美元(+22%)。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>就苹果而言,在构建股息贴现模型时,还需要考虑到公司持续积极回购的事实:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续目前的动态,该模型假设到最后一年,稀释股票的数量将减少到135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的 25% 用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息贴现模型本身:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于 DDM 的苹果股票目标价为 69 美元 (-54%)。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在让我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于 DCF 的微软股票目标价约为 353 美元(+18%)。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的势头将继续下去,到最后一年,稀释后的股票数量将减少到 72 亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于 DDM 的微软股票目标价为 203 美元(-32%)。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>让我们总结一下:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是,我已经在这些公司的案例中观察到类似的结果很长时间了。我的意思是,苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明,在市场增长时期,投资者并不特别倾向于关注股息。此外,最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间,潜在股息的现值是价格难以下跌的最低水平。在这种情况下,我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段,当调整的可能性已经超出形式上时,在我看来,与苹果相比,投资微软的风险较小。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction\">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":"","relate_stocks":{"AAPL":"苹果","MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126607843","content_text":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.\nApple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nIn the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.\n\nvicnt/iStock via Getty Images\nAs an introduction...\nSince the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:\nData by YCharts\nFor a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.\nSource: VisualizedAnalytics\nIn addition, there are other factors that make us wary of the current price level of the market.\nFirst, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:\nSource: Bank of America\nSecond, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.\nSource: VisualizedAnalytics\nAnd finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:\nSource: VisualizedAnalytics\nSo, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?\nWhy Apple vs. Microsoft?\nThe decision to compare exactly these two companies was dictated by two factors.\nFirstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:\n\nSource: VisualizedAnalytics\nSecondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.\nSome Statistics\nTo begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.\nTo do this, I have broken the three-year span into eight periods of market movement:\nSource: TradingView, Author\nHere are the results that companies have shown in each of the periods:\nSource: Author\nAt first glance, the statistics are unambiguous:during periods of correction, the price of Microsoft tends to decrease less than that of Apple.But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.\nBut in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...\nFundamentals\nExclusively in an investment context, the price of a company's share can be viewed from two points of view.\nOn the one hand, the price reflects the present value of the company's future cash flow. On the other hand, the price is the present value of the sum of all potential dividendsthat the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.\nIn order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.\nLet's start with Apple. Here is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nNotes:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).\nI used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.\n\nHere is the DCF model:\nSource: Author\nThe DCF-based target price for Apple's shares is about $181 (+22%).\nIn the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:\nData by YCharts\nContinuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.\nApple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.\nHere is the Dividend Discount Model itself:\nSource: Author\nThe DDM-based target price for Apple's shares is $69 (-54%).\nNow let's take a look at Microsoft.\nHere is the calculation of the WACC:\nSource: Author\nAnd here is the DCF model:\nSource: Author\nThe DCF-based target price for Microsoft's shares is about $353 (+18%).\nMicrosoft is also actively buying back shares:\nData by YCharts\nI proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.\nHere is the Dividend Discount Model:\nSource: Author\nThe DDM-based target price for Microsoft's shares is $203 (-32%).\nLet's summarize:\n\nIt is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nThis suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.\nBut during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.\nBottom line\nAt the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885167567,"gmtCreate":1631766320559,"gmtModify":1631883555671,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Spotting The next Tesla","listText":"Spotting The next Tesla","text":"Spotting The next Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/885167567","repostId":"2167228591","repostType":4,"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882092685,"gmtCreate":1631629663347,"gmtModify":1631891003108,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Waiting for YUMC to go up😅","listText":"Waiting for YUMC to go up😅","text":"Waiting for YUMC to go up😅","images":[{"img":"https://static.tigerbbs.com/64062c5cea3308aa2ca49fa76693935a","width":"750","height":"1836"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/882092685","isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886006020,"gmtCreate":1631535431660,"gmtModify":1631891003110,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Wondering this turnaround is just short term?","listText":"Wondering this turnaround is just short term?","text":"Wondering this turnaround is just short term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886006020","repostId":"1129341543","repostType":4,"repost":{"id":"1129341543","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":1631534652,"share":"https://www.laohunote.com/m/news/1129341543?lang=zh_CN&edition=full","pubTime":"2021-09-13 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129341543","media":"Tiger Newspress","summary":"U.S. stock index futures rose on Monday after the S&P 500 logged its worst week in more than two mon","content":"<p>U.S. stock index futures rose on Monday after the S&P 500 logged its worst week in more than two months, with investors keeping a close eye on inflation as well as monetary and tax policies.</p><p><blockquote>美国股指期货周一上涨,此前标普500录得两个多月来最糟糕的一周,投资者密切关注通胀以及货币和税收政策。</blockquote></p><p> S&P 500 E-minis were up 23.25 points, or 0.52% at 08:00 am ET. Dow E-minis were up 183 points, or 0.53%, while Nasdaq 100 E-minis were up 75 points, or 0.49%.</p><p><blockquote>截至美国东部时间上午 08:00,标普500 E-Mini 上涨 23.25 点,涨幅 0.52%。道琼斯电子迷你指数上涨 183 点,涨幅 0.53%,纳斯达克 100 电子迷你指数上涨 75 点,涨幅 0.49%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2d51dd22d532e1b98f0ecae05c1f7a3e\" tg-width=\"1080\" tg-height=\"416\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple Inc rose 0.9% in premarket trading after a mixed court ruling in Epic Games’ antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.</p><p><blockquote>周五,法院对 Epic Games 针对 iPhone 制造商的反垄断案做出了喜忧参半的裁决,苹果公司的市值蒸发了近 900 亿美元,该公司在盘前交易中上涨了 0.9%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票:</b></blockquote></p><p> <b>Virgin Galactic(SPCE)</b> – Virgin Galactic is delaying its first commercial research space mission after a third-party supplier warned of a potential defect in a component of the flight control system. Virgin Galactic shares slid 3.3% in the premarket.</p><p><blockquote><b>维珍银河(SPCE)</b>– 在第三方供应商警告飞行控制系统的一个组件可能存在缺陷后,维珍银河推迟了其首次商业研究太空任务。维珍银河股价盘前下跌 3.3%。</blockquote></p><p> <b>Dell Technologies(DELL) </b>– Dell added 1.9% in premarket action after Goldman Sachs added the computer maker’s stock to its “Conviction Buy” list. Goldman cited strong cash flow generation and debt paydown plans, among other factors.</p><p><blockquote><b>戴尔科技(DELL)</b>- 在高盛将这家电脑制造商的股票列入其 “坚定买入 ”名单后,戴尔在盘前上涨了 1.9%。高盛列举了强劲的现金流生成和债务偿还计划等因素。</blockquote></p><p> <b>TransUnion(TRU)</b> – TransUnion announced a deal to buy closely held information services company Neustar for $3.1 billion in cash. The credit reporting agency expects the deal to close during the fourth quarter.</p><p><blockquote><b>跨联盟(TRU)</b>– TransUnion 宣布以 31 亿美元现金收购少数持股的信息服务公司 Neustar。该信用报告机构预计该交易将在第四季度完成。</blockquote></p><p> <b>Viacom(VIAC) </b>– Viacom is planning a revamp of its Paramount Pictures unit, according to people familiar with the matter who spoke to The Wall Street Journal. The revamp, which would separate the TV and film operations, could be announced as soon as today. Viacom rose 1% in the premarket.</p><p><blockquote><b>维亚康姆(VIAC)</b>– 据知情人士向《华尔街日报》透露,维亚康姆正计划对其派拉蒙影业部门进行改造。这项改革将把电视和电影业务分开,最早可能在今天宣布。维亚康姆盘前上涨 1%。</blockquote></p><p> <b>Kansas City Southern(KSU)</b> – Kansas City Southern said the latest takeover bid from Canadian Pacific Railway(CP) is superior to the one it previously agreed to with Canadian National Railway(CNI). Canadian National now has five days to improve its offer, should it choose to do so. Canadian Pacific rallied 0.9% in premarket trading.</p><p><blockquote><b>堪萨斯城南部 (KSU)</b>– 堪萨斯城南方公司表示,加拿大太平洋铁路公司 (CP) 的最新收购要约优于其之前与加拿大国家铁路公司 (CNI) 达成的要约。如果加拿大国家航空愿意这样做,现在有五天的时间来改进其报价。加拿大太平洋航空在盘前交易中上涨 0.9%。</blockquote></p><p> <b>Walt Disney(DIS)</b> – Disney will show the remainder of its 2021 movie releases exclusively in theaters, rather than making them simultaneously available on its Disney+ streaming service. Disney’s “Shang-Chi and the Legend of the 10 Rings” topped the weekend box office once again following its record Labor Day weekend performance, with that movie showing exclusively in theaters.</p><p><blockquote><b>华特·迪士尼</b>– 迪士尼将在影院独家放映其 2021 年上映的剩余电影,而不是在其 Disney+ 流媒体服务上同时上映。迪士尼的《尚气与十环传奇》继劳动节周末创下纪录后,再次荣登周末票房榜首,该片在影院独家上映。</blockquote></p><p> <b>Alibaba(BABA)</b> – Alibaba fell 1.7% in premarket action.</p><p><blockquote><b>阿里巴巴-SW(巴巴)</b>– 阿里巴巴-SW盘前下跌 1.7%。</blockquote></p><p> <b>Apple(AAPL)</b> – Epic Games will appeal Friday’s ruling that Apple’s app store was not an illegal monopoly. Epic did win a partial victory in the case, with the judge ruling that Apple must allow developers to include external payment links.</p><p><blockquote><b>苹果(AAPL)</b>- Epic Games 将对周五关于苹果 app store 不构成非法垄断的裁决提出上诉。Epic确实在此案中赢得了部分胜利,法官裁定苹果必须允许开发商包含外部支付链接。</blockquote></p><p> <b>Carlyle Group(CG)</b> – Carlyle is considering a $6 billion sale or initial public offering for packaging company Novolex, according to a Bloomberg report. The private-equity firm bought Novolex for an undisclosed amount in November 2016.</p><p><blockquote><b>凯雷集团(CG)</b>– 据彭博社报道,凯雷正在考虑以 60 亿美元的价格出售或首次公开募股包装公司 Novolex。这家私募股权公司于 2016 年 11 月以未披露的金额收购了 Novolex。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rose 1.5% in the premarket after Bernstein upgraded the resort operator’s stock to “outperform” from “market perform,” citing its strong presence in the gaming and sports betting industry as well as moves to divest the company’s real estate portfolio.</p><p><blockquote><b>米高梅度假村(MGM)</b>- 米高梅在盘前上涨 1.5%,此前伯恩斯坦将这家度假村运营商的股票评级从 “大盘表现 ”上调至 “跑赢大盘”,理由是米高梅在博彩和体育博彩业的强大影响力以及剥离公司房地产投资组合的举措。</blockquote></p><p> <b>Pfizer(PFE) </b>– Pfizer’s Covid-19 vaccine – developed in conjunction with German partner BioNTech(BNTX) – could be authorized for use in children aged 5-11 as soon as next month, according to two sources familiar with the situation who spoke to Reuters. Pfizer is expected to have enough study data by then to submit an application for emergency use authorization to the Food and Drug Administration. BioNTech added 1.1% in premarket trading.</p><p><blockquote><b>辉瑞(PFE)</b>- 据两位熟悉情况的消息人士向路透社透露,辉瑞公司与德国合作伙伴 BioNTech(BNTX)联合开发的 Covid-19 疫苗最早可能在下个月获准用于 5-11 岁的儿童。预计届时辉瑞将有足够的研究数据向食品药品监督管理局提交紧急使用授权申请。BioNTech 在盘前交易中上涨 1.1%。</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>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</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\">2021-09-13 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures rose on Monday after the S&P 500 logged its worst week in more than two months, with investors keeping a close eye on inflation as well as monetary and tax policies.</p><p><blockquote>美国股指期货周一上涨,此前标普500录得两个多月来最糟糕的一周,投资者密切关注通胀以及货币和税收政策。</blockquote></p><p> S&P 500 E-minis were up 23.25 points, or 0.52% at 08:00 am ET. Dow E-minis were up 183 points, or 0.53%, while Nasdaq 100 E-minis were up 75 points, or 0.49%.</p><p><blockquote>截至美国东部时间上午 08:00,标普500 E-Mini 上涨 23.25 点,涨幅 0.52%。道琼斯电子迷你指数上涨 183 点,涨幅 0.53%,纳斯达克 100 电子迷你指数上涨 75 点,涨幅 0.49%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2d51dd22d532e1b98f0ecae05c1f7a3e\" tg-width=\"1080\" tg-height=\"416\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple Inc rose 0.9% in premarket trading after a mixed court ruling in Epic Games’ antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.</p><p><blockquote>周五,法院对 Epic Games 针对 iPhone 制造商的反垄断案做出了喜忧参半的裁决,苹果公司的市值蒸发了近 900 亿美元,该公司在盘前交易中上涨了 0.9%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票:</b></blockquote></p><p> <b>Virgin Galactic(SPCE)</b> – Virgin Galactic is delaying its first commercial research space mission after a third-party supplier warned of a potential defect in a component of the flight control system. Virgin Galactic shares slid 3.3% in the premarket.</p><p><blockquote><b>维珍银河(SPCE)</b>– 在第三方供应商警告飞行控制系统的一个组件可能存在缺陷后,维珍银河推迟了其首次商业研究太空任务。维珍银河股价盘前下跌 3.3%。</blockquote></p><p> <b>Dell Technologies(DELL) </b>– Dell added 1.9% in premarket action after Goldman Sachs added the computer maker’s stock to its “Conviction Buy” list. Goldman cited strong cash flow generation and debt paydown plans, among other factors.</p><p><blockquote><b>戴尔科技(DELL)</b>- 在高盛将这家电脑制造商的股票列入其 “坚定买入 ”名单后,戴尔在盘前上涨了 1.9%。高盛列举了强劲的现金流生成和债务偿还计划等因素。</blockquote></p><p> <b>TransUnion(TRU)</b> – TransUnion announced a deal to buy closely held information services company Neustar for $3.1 billion in cash. The credit reporting agency expects the deal to close during the fourth quarter.</p><p><blockquote><b>跨联盟(TRU)</b>– TransUnion 宣布以 31 亿美元现金收购少数持股的信息服务公司 Neustar。该信用报告机构预计该交易将在第四季度完成。</blockquote></p><p> <b>Viacom(VIAC) </b>– Viacom is planning a revamp of its Paramount Pictures unit, according to people familiar with the matter who spoke to The Wall Street Journal. The revamp, which would separate the TV and film operations, could be announced as soon as today. Viacom rose 1% in the premarket.</p><p><blockquote><b>维亚康姆(VIAC)</b>– 据知情人士向《华尔街日报》透露,维亚康姆正计划对其派拉蒙影业部门进行改造。这项改革将把电视和电影业务分开,最早可能在今天宣布。维亚康姆盘前上涨 1%。</blockquote></p><p> <b>Kansas City Southern(KSU)</b> – Kansas City Southern said the latest takeover bid from Canadian Pacific Railway(CP) is superior to the one it previously agreed to with Canadian National Railway(CNI). Canadian National now has five days to improve its offer, should it choose to do so. Canadian Pacific rallied 0.9% in premarket trading.</p><p><blockquote><b>堪萨斯城南部 (KSU)</b>– 堪萨斯城南方公司表示,加拿大太平洋铁路公司 (CP) 的最新收购要约优于其之前与加拿大国家铁路公司 (CNI) 达成的要约。如果加拿大国家航空愿意这样做,现在有五天的时间来改进其报价。加拿大太平洋航空在盘前交易中上涨 0.9%。</blockquote></p><p> <b>Walt Disney(DIS)</b> – Disney will show the remainder of its 2021 movie releases exclusively in theaters, rather than making them simultaneously available on its Disney+ streaming service. Disney’s “Shang-Chi and the Legend of the 10 Rings” topped the weekend box office once again following its record Labor Day weekend performance, with that movie showing exclusively in theaters.</p><p><blockquote><b>华特·迪士尼</b>– 迪士尼将在影院独家放映其 2021 年上映的剩余电影,而不是在其 Disney+ 流媒体服务上同时上映。迪士尼的《尚气与十环传奇》继劳动节周末创下纪录后,再次荣登周末票房榜首,该片在影院独家上映。</blockquote></p><p> <b>Alibaba(BABA)</b> – Alibaba fell 1.7% in premarket action.</p><p><blockquote><b>阿里巴巴-SW(巴巴)</b>– 阿里巴巴-SW盘前下跌 1.7%。</blockquote></p><p> <b>Apple(AAPL)</b> – Epic Games will appeal Friday’s ruling that Apple’s app store was not an illegal monopoly. Epic did win a partial victory in the case, with the judge ruling that Apple must allow developers to include external payment links.</p><p><blockquote><b>苹果(AAPL)</b>- Epic Games 将对周五关于苹果 app store 不构成非法垄断的裁决提出上诉。Epic确实在此案中赢得了部分胜利,法官裁定苹果必须允许开发商包含外部支付链接。</blockquote></p><p> <b>Carlyle Group(CG)</b> – Carlyle is considering a $6 billion sale or initial public offering for packaging company Novolex, according to a Bloomberg report. The private-equity firm bought Novolex for an undisclosed amount in November 2016.</p><p><blockquote><b>凯雷集团(CG)</b>– 据彭博社报道,凯雷正在考虑以 60 亿美元的价格出售或首次公开募股包装公司 Novolex。这家私募股权公司于 2016 年 11 月以未披露的金额收购了 Novolex。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rose 1.5% in the premarket after Bernstein upgraded the resort operator’s stock to “outperform” from “market perform,” citing its strong presence in the gaming and sports betting industry as well as moves to divest the company’s real estate portfolio.</p><p><blockquote><b>米高梅度假村(MGM)</b>- 米高梅在盘前上涨 1.5%,此前伯恩斯坦将这家度假村运营商的股票评级从 “大盘表现 ”上调至 “跑赢大盘”,理由是米高梅在博彩和体育博彩业的强大影响力以及剥离公司房地产投资组合的举措。</blockquote></p><p> <b>Pfizer(PFE) </b>– Pfizer’s Covid-19 vaccine – developed in conjunction with German partner BioNTech(BNTX) – could be authorized for use in children aged 5-11 as soon as next month, according to two sources familiar with the situation who spoke to Reuters. Pfizer is expected to have enough study data by then to submit an application for emergency use authorization to the Food and Drug Administration. BioNTech added 1.1% in premarket trading.</p><p><blockquote><b>辉瑞(PFE)</b>- 据两位熟悉情况的消息人士向路透社透露,辉瑞公司与德国合作伙伴 BioNTech(BNTX)联合开发的 Covid-19 疫苗最早可能在下个月获准用于 5-11 岁的儿童。预计届时辉瑞将有足够的研究数据向食品药品监督管理局提交紧急使用授权申请。BioNTech 在盘前交易中上涨 1.1%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴",".SPX":"S&P 500 Index","CG":"凯雷","SPCE":"维珍银河","DELL":"戴尔","BNTX":"BioNTech SE",".DJI":"道琼斯","DIS":"迪士尼","AAPL":"苹果","PFE":"辉瑞",".IXIC":"NASDAQ Composite","TRU":"TransUnion","MGM":"美高梅"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129341543","content_text":"U.S. stock index futures rose on Monday after the S&P 500 logged its worst week in more than two months, with investors keeping a close eye on inflation as well as monetary and tax policies.\nS&P 500 E-minis were up 23.25 points, or 0.52% at 08:00 am ET. Dow E-minis were up 183 points, or 0.53%, while Nasdaq 100 E-minis were up 75 points, or 0.49%.\n\nApple Inc rose 0.9% in premarket trading after a mixed court ruling in Epic Games’ antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.\nStocks making the biggest moves in the premarket:\nVirgin Galactic(SPCE) – Virgin Galactic is delaying its first commercial research space mission after a third-party supplier warned of a potential defect in a component of the flight control system. Virgin Galactic shares slid 3.3% in the premarket.\nDell Technologies(DELL) – Dell added 1.9% in premarket action after Goldman Sachs added the computer maker’s stock to its “Conviction Buy” list. Goldman cited strong cash flow generation and debt paydown plans, among other factors.\nTransUnion(TRU) – TransUnion announced a deal to buy closely held information services company Neustar for $3.1 billion in cash. The credit reporting agency expects the deal to close during the fourth quarter.\nViacom(VIAC) – Viacom is planning a revamp of its Paramount Pictures unit, according to people familiar with the matter who spoke to The Wall Street Journal. The revamp, which would separate the TV and film operations, could be announced as soon as today. Viacom rose 1% in the premarket.\nKansas City Southern(KSU) – Kansas City Southern said the latest takeover bid from Canadian Pacific Railway(CP) is superior to the one it previously agreed to with Canadian National Railway(CNI). Canadian National now has five days to improve its offer, should it choose to do so. Canadian Pacific rallied 0.9% in premarket trading.\nWalt Disney(DIS) – Disney will show the remainder of its 2021 movie releases exclusively in theaters, rather than making them simultaneously available on its Disney+ streaming service. Disney’s “Shang-Chi and the Legend of the 10 Rings” topped the weekend box office once again following its record Labor Day weekend performance, with that movie showing exclusively in theaters.\nAlibaba(BABA) – Alibaba fell 1.7% in premarket action.\nApple(AAPL) – Epic Games will appeal Friday’s ruling that Apple’s app store was not an illegal monopoly. Epic did win a partial victory in the case, with the judge ruling that Apple must allow developers to include external payment links.\nCarlyle Group(CG) – Carlyle is considering a $6 billion sale or initial public offering for packaging company Novolex, according to a Bloomberg report. The private-equity firm bought Novolex for an undisclosed amount in November 2016.\nMGM Resorts(MGM) – MGM rose 1.5% in the premarket after Bernstein upgraded the resort operator’s stock to “outperform” from “market perform,” citing its strong presence in the gaming and sports betting industry as well as moves to divest the company’s real estate portfolio.\nPfizer(PFE) – Pfizer’s Covid-19 vaccine – developed in conjunction with German partner BioNTech(BNTX) – could be authorized for use in children aged 5-11 as soon as next month, according to two sources familiar with the situation who spoke to Reuters. Pfizer is expected to have enough study data by then to submit an application for emergency use authorization to the Food and Drug Administration. BioNTech added 1.1% in premarket trading.","news_type":1,"symbols_score_info":{"VIAC":0.9,"CG":0.9,"BABA":0.9,"AAPL":0.9,"BNTX":0.9,"NQmain":0.9,"YMmain":0.9,"ESmain":0.9,"PFE":0.9,".DJI":0.9,"SPCE":0.9,"TRU":0.9,"DIS":0.9,".SPX":0.9,".IXIC":0.9,"DELL":0.9,"MGM":0.9,"KSU":0.9}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889996702,"gmtCreate":1631100293206,"gmtModify":1631886032442,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"PayPal is acquiring Paidy to strengthen its presence in the Japanese market","listText":"PayPal is acquiring Paidy to strengthen its presence in the Japanese market","text":"PayPal is acquiring Paidy to strengthen its presence in the Japanese market","images":[{"img":"https://static.tigerbbs.com/5c32675db1549b00ef4d543fac941788","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889996702","isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":817561316,"gmtCreate":1630975658435,"gmtModify":1631891003113,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"A good read[Strong] ","listText":"A good read[Strong] ","text":"A good read[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817561316","repostId":"1186375251","repostType":4,"repost":{"id":"1186375251","kind":"news","pubTimestamp":1630909435,"share":"https://www.laohunote.com/m/news/1186375251?lang=zh_CN&edition=full","pubTime":"2021-09-06 14:23","market":"us","language":"en","title":"3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186375251","media":"seekingalpha","summary":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correcti","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Markets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.</li> <li>As markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.</li> <li>What should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?</li> <li>In this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5f0c9f1aacfbc6d8c78d0e84da5fc9\" tg-width=\"1536\" tg-height=\"878\" width=\"100%\" height=\"auto\"><span>phive2015/iStock via Getty Images</span></p><p><blockquote><ul><li>市场每周继续创下历史新高,并且在 200 多个交易日中没有出现明显的调整。</li><li>随着市场反弹,许多投资者开始固步自封,而处于历史高点的投资决策实际上比以往任何时候都更加重要。</li><li>在当今的市场上,你应该注意什么?你应该以这些高估的价格抛售,还是今天买入仍然能获得丰厚的回报?</li><li>在这篇文章中,我将分享我关于如何在今天这样的历史高点进行投资的三条黄金法则。这些信息对你未来在市场上创造财富非常有价值。</li></ul><p class=\"t-img-caption\"><span>phive2015/iStock 来自盖蒂图片社</span></p></blockquote></p><p> The stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.</p><p><blockquote>2021年股市一路狂飙。8月底,标普500指数(SPDR标普500指数ETF)年初至今上涨20.4%。有趣的是,该指数一直在非常狭窄的上涨区间内交易,并且在208个交易日中没有出现5%的修正。虽然大多数投资者并不认为这是一种异常现象,但实际上却是。这两种事件在股市历史上只发生过7次。我们显然生活在一个不正常的时代。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58ccc72065c84083443d6be7f03482a\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Each day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.</p><p><blockquote>每天仔细考虑你所做的投资决策是很重要的。最重要的是,所有的购买或销售都会影响你未来在市场上的财富积累。</blockquote></p><p> However, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.</p><p><blockquote>然而,在像今天这样的极端反弹期间,反思你的投资决策更加重要。问问那些在互联网泡沫期间承担高风险或在 Covid-19 崩盘期间恐慌性抛售的投资者。这无疑对他们的长期回报产生了巨大影响。</blockquote></p><p> The importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.</p><p><blockquote>今天的投资决策对你的长期回报很重要,这就是为什么我选择写我关于如何在历史高点投资的三条黄金法则。你应该如何对待今天的市场,你应该注意什么?你应该以这些高估的价格卖出并等待调整发生,还是在这些水平买入时仍然能产生丰厚的回报?这篇文章将提供这些百万美元问题的答案。</blockquote></p><p> <b>1. Don't get caught by greediness</b></p><p><blockquote><b>1.不要被贪婪抓住</b></blockquote></p><p> Let's start off with the most important rule. Avoid greediness.</p><p><blockquote>让我们从最重要的规则开始。避免贪婪。</blockquote></p><p> According to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.</p><p><blockquote>根据摩根大通的数据,在过去的20年里,投资者的平均年回报率仅为2.9%。因此,它们的表现明显逊于一般市场,因为标普500在此期间的年回报率为 7.5%。</blockquote></p><p> The single most important reason for this retail investor underperformance? Emotional human behavior.</p><p><blockquote>散户投资者表现不佳的最重要原因是什么?情感人类行为。</blockquote></p><p> The average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.</p><p><blockquote>普通投资者受到媒体头条、股价变动和其他投资者行为的严重影响。</blockquote></p><p> Today, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.</p><p><blockquote>今天,我们到达了一个极度看涨的股市环境。上个财报季是股市历史上最伟大的财报季之一。标普500每股收益同比增长 94.5%,86.1% 的成分股超出分析师预期。</blockquote></p><p> As a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:</p><p><blockquote>由于这种看涨环境,分析师正在大幅提高对未来几个季度的预期。他们现在预计,到 2022 年底,每股收益将大幅升至 217.96 美元,较大流行前的高点 157.12 美元大幅回升。这样的复苏看起来很乐观,因为在过去的经济周期中,需要 7-12 年才能实现这一目标:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1accc921d16b11ec13ed94686b9cfe75\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于标准普尔全球数据的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Will earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?</p><p><blockquote>未来几个季度盈利真的会继续强劲复苏吗?还是分析师的假设太贪婪了?</blockquote></p><p> It wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.</p><p><blockquote>如果他们太贪婪,这也不是第一次了。例如,在互联网泡沫期间,他们也被自己的情绪所困扰。就标普500的盈利增长而言,90 年代是异常强劲的十年。因此,分析师完全忘记了下降周期也存在。他们将 2000 年后五年的年度每股收益增长指导提高到惊人的 15%。根据他们的说法,这种高增长率证明了股票交易市盈率创纪录的合理性,许多投资者被骗进了这个故事。</blockquote></p><p> What happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.</p><p><blockquote>后来发生了什么?经济没有繁荣,而是陷入了衰退,花了3年时间才恢复过来。2003 年的收益比分析师 2000 年的预测低了近 50%。</blockquote></p><p></p><p> As markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.</p><p><blockquote>由于市场定价符合分析师的预期,而不是考虑到可能的经济衰退,标普500崩盘并花了 7 年时间才恢复。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0081f4a9c3ee43b20684f113cb04ef9c\" tg-width=\"640\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Let's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.</p><p><blockquote>让我们回到今天……标普500目前的市盈率为25.4倍,与历史水平相比极高。人们普遍认为盈利将继续大幅增长,这证明了这一点。因此,到 2022 年底,该比率将降至可接受的 20.7 倍。</blockquote></p><p> Now ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.</p><p><blockquote>现在问问自己,未来几个季度盈利增长继续高于历史平均水平的可能性有多大。</blockquote></p><p> Interest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.</p><p><blockquote>利率已经是0%了。印钞机快没纸了。联邦债务水平正在达到上限。被压抑的需求和刺激支票已经导致过去几个季度的消费者支出创历史新高。</blockquote></p><p> Maybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.</p><p><blockquote>也许,只是也许,分析师对他们的假设太贪婪了?也许最近的经济复苏是不可持续的,将会降温?也许我的假设(灰线)比市场预测(红线)更有可能?如果是这样,市场的 fwd 2022 市盈率为 23.6 倍,这确实很贵。</blockquote></p><p> I'm not sure this will happen, nobody is. But it sure as hell is a probability.</p><p><blockquote>我不确定这会发生,没人会。但这肯定是一种可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f61310c3c851b181ceb1fb3cc8862fdb\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> This greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.</p><p><blockquote>这种贪婪也反映在图表中。如下图所示,牛市可以分为四个周期。强劲增长、熊市陷阱、媒体关注和贪婪。</blockquote></p><p> Interestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.</p><p><blockquote>有趣的是,2013-2021年的牛市与1994-2000年的牛市几乎完全相同。此时此刻,纳斯达克指数(QQQ)看起来已经准备好开始最后的极度贪婪阶段。媒体将最近的反弹视为“新常态”,投资者正在大量买入FOMO,因为股票“只能上涨”。因此,纳斯达克可能会在 2021 年最后几个月上涨接近 20,000 美元。</blockquote></p><p> As a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.</p><p><blockquote>作为长期投资者,了解这些动态极其重要。你可能也会有全力投资风险资产的冲动。然而,在这个阶段变得贪婪可能会对你的长期回报构成重大威胁,因为随后可能会出现一场大熊市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c783bf0cff4c410846a27c2dc8c180b1\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Human behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.</p><p><blockquote>人类的行为使得不被市场情绪分散注意力变得极具挑战性。如果你能对市场保持客观的看法,这将极大地有利于你的回报。</blockquote></p><p> 2. Keep investing, there are always opportunities</p><p><blockquote>2.坚持投资,机会总是有的</blockquote></p><p> In short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?</p><p><blockquote>简而言之,第一条规则说,你的决定永远不应该被情绪所左右,你应该继续关注潜在的基本面。随着今天市场变得越来越贪婪,估值达到极端水平,这意味着你应该开始出售股票并持有大量现金,对吗?</blockquote></p><p> Not really... You know, a wise man once said the following:</p><p><blockquote>不完全是……你知道,一位智者曾经说过这样一句话:</blockquote></p><p> <b>It's a market of stocks, not a stock market.</b> I'm not entirely sure who came up with it. But it must be a wise man, for sure.</p><p><blockquote><b>这是股票市场,不是股票市场。</b>我不完全确定是谁想出来的。但肯定是个聪明人。</blockquote></p><p> What does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.</p><p><blockquote>这是什么意思?看,许多散户投资者根据整体市场前景买卖股票。如果他们不信任市场,无论如何都会不愿意投资。</blockquote></p><p> That's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.</p><p><blockquote>这不是看待市场的好方法。有近4,000只股票可供选择,无论市场如何发展,总会有有趣的投资机会产生丰厚的回报。</blockquote></p><p> In a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.</p><p><blockquote>在一个普遍被高估的市场中,找到被低估的股票变得越来越具有挑战性,但肯定不是不可能的。问问沃伦·巴菲特。2000年,历史上被高估最严重的股市,他的投资工具伯克希尔哈撒韦公司(BRK.A)(BRK.B)继续购买优质、被低估的资产。他的奉献得到了回报,在互联网高峰五年后,他获得了令人印象深刻的47%的回报率,而纳斯达克指数的回报率为-39%。</blockquote></p><p> The Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.</p><p><blockquote>罗素2000指数(IWM)是一个反映美国小盘股的指数,在互联网泡沫期间也非常有吸引力,2000年的市盈率为16倍(大盘股为24倍)。那些在泡沫期间投资这一被低估资产类别的人也产生了非常可观的回报。我可以想象,那些能够挑选出最好的小盘股的人比那些被过度炒作的科技股欺骗的人快乐得多。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c713a296e819a255b3be8ac6e504033d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> So what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.</p><p><blockquote>那么你今天应该做什么呢?我建议重新评估你所有的投资组合。将它们的估值与 3 年后的收益进行权衡,届时 Covid-19 中断(刺激措施、被压抑的需求等)消失。对你的假设要保守。如果一只股票与这些假设相比被严重高估,不要贪婪并卖出头寸。</blockquote></p><p> A great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.</p><p><blockquote>一个很好的例子是苹果公司(AAPL),它是今年最受欢迎的股票之一。由于其非常强劲的财务状况(上季度收入增长 36.4%),其市盈率在过去两年中翻了一番多,达到 30 倍。重要的是要明白,其最近的增长主要是由于不可持续的驱动因素,如几轮刺激支票。一旦这种情况消失,苹果的增长可能会回落到个位数(甚至可能在短期内为负),未来的回报将非常疲软。</blockquote></p><p> Don't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.</p><p><blockquote>不要把所有释放的资本都保留在现金中,尤其是在当前的通胀环境下。仍然有机会将这笔钱进行再投资。在我看来,小盘股是当今最具吸引力的资产类别,就像 2000 年一样。在最近表现不佳之后,罗素2000指数(代表所有美国小型股)今天的市盈率为15.6倍。这远低于标普500指数及其历史平均水平。有很多小盘股机会,未来将产生丰厚的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f132a93975b3b7fef86aff21c0b49bb\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Yardeni</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:亚德尼</span></p></blockquote></p><p> <b>3. Adopt a proven investment strategy to pick stocks</b></p><p><blockquote><b>3.采用行之有效的投资策略选股</b></blockquote></p><p> Rule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.</p><p><blockquote>规则#1和#2在纸面上看起来很好,但在现实中很难执行。当紧要关头时,很难否认自己的情绪,并在估值过高的市场中找到有趣的投资机会。</blockquote></p><p> That's where #3 comes into play: adopt a proven investment strategy.</p><p><blockquote>这就是#3发挥作用的地方:采用行之有效的投资策略。</blockquote></p><p> With the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.</p><p><blockquote>随着股市即将到来的挑战,我相信在高度不确定的市场环境中,遵循预先确定的策略从未像今天这样重要。如果你使用过去行之有效的策略,你会在每个市场环境中感觉很棒。</blockquote></p><p> There are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.</p><p><blockquote>只要你坚持下去,有很多策略对你有用。我们坚信,我们在内部机会方面被低估的战略将在未来几年非常有价值。</blockquote></p><p> To find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.</p><p><blockquote>为了寻找有吸引力的投资机会,我们每天都会跟踪内部购买情况。内部人士是首席财务官、首席执行官、董事会成员等。他们比市场上任何人都更了解自己的业务。如果他们看到股价和业务基本面之间脱节,他们可以购买股票来产生利润。您可以通过 SEC 文件或 openinsider.com 等网站每天跟踪这种所谓“聪明资金”的购买情况。</blockquote></p><p> We don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".</p><p><blockquote>我们不只是跟进内部购买。我们基于过去十年中超过一百万个数据点创建了三个算法,从所有内部购买中挑选出最好的。因此,我们坚持预先确定的计划,只购买基于特定基本面有吸引力的股票,称为“黄金选择”。</blockquote></p><p> It worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.</p><p><blockquote>它在过去非常有效。我们的回测显示,该策略在过去十年中产生了 47.2% 的年化回报率,是标普500指数的三倍。仅在2011年,它的表现略低于市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f05af9240a87a55641df0a7921ec0380\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:内幕机会</span></p></blockquote></p><p> We firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.</p><p><blockquote>我们坚信,无论市场表现如何,这一革命性的策略都将继续在股票市场为我们创造财富。给自己找一个像我们这样严格的、行之有效的策略,在即将到来的不确定性中,你可以依靠它。</blockquote></p><p> <b>Conclusion: Do this at all-time highs</b></p><p><blockquote><b>结论:在历史高点这样做</b></blockquote></p><p> Most stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?</p><p><blockquote>当创下历史新高时,大多数股市投资者都在固步自封。最重要的是,在这样的牛市里,什么事都不会出错吧?</blockquote></p><p> No, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.</p><p><blockquote>不,事情不是这样的。市场在周期中演变,那些不认识到适应这些周期重要性的人将面临疲软的长期回报。</blockquote></p><p> How should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:</p><p><blockquote>你应该如何接近今天的历史高点,以继续创造财富?以下是我的三条黄金法则:</blockquote></p><p></p><p> <ol> <li><b>Don't get greedy.</b>As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.</li> <li><b>Keep being invested.</b>Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.</li> <li><b>Adopt a proven strategy.</b>Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.</li> </ol></p><p><blockquote><ol><li><b>不要贪婪。</b>作为情绪行为的结果,当市场反弹时,你会想要承担更高的风险。永远不要跟随这些情绪,永远关注基本面。</li><li><b>继续投资。</b>不要仅仅因为市场被高估就不愿意投资股票。承认这是一个股票市场,而不是股票市场。每个市场环境中总有巨大的机会。如今,它们大多是低调的小盘股。</li><li><b>采用行之有效的策略。</b>投资并不容易,尤其是当事情开始向南发展的时候。采用严格的、行之有效的投资策略可以让生活变得更加轻松,并显着提高回报。</li></ol></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>3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</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\">\n3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-06 14:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Markets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.</li> <li>As markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.</li> <li>What should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?</li> <li>In this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5f0c9f1aacfbc6d8c78d0e84da5fc9\" tg-width=\"1536\" tg-height=\"878\" width=\"100%\" height=\"auto\"><span>phive2015/iStock via Getty Images</span></p><p><blockquote><ul><li>市场每周继续创下历史新高,并且在 200 多个交易日中没有出现明显的调整。</li><li>随着市场反弹,许多投资者开始固步自封,而处于历史高点的投资决策实际上比以往任何时候都更加重要。</li><li>在当今的市场上,你应该注意什么?你应该以这些高估的价格抛售,还是今天买入仍然能获得丰厚的回报?</li><li>在这篇文章中,我将分享我关于如何在今天这样的历史高点进行投资的三条黄金法则。这些信息对你未来在市场上创造财富非常有价值。</li></ul><p class=\"t-img-caption\"><span>phive2015/iStock 来自盖蒂图片社</span></p></blockquote></p><p> The stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.</p><p><blockquote>2021年股市一路狂飙。8月底,标普500指数(SPDR标普500指数ETF)年初至今上涨20.4%。有趣的是,该指数一直在非常狭窄的上涨区间内交易,并且在208个交易日中没有出现5%的修正。虽然大多数投资者并不认为这是一种异常现象,但实际上却是。这两种事件在股市历史上只发生过7次。我们显然生活在一个不正常的时代。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58ccc72065c84083443d6be7f03482a\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Each day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.</p><p><blockquote>每天仔细考虑你所做的投资决策是很重要的。最重要的是,所有的购买或销售都会影响你未来在市场上的财富积累。</blockquote></p><p> However, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.</p><p><blockquote>然而,在像今天这样的极端反弹期间,反思你的投资决策更加重要。问问那些在互联网泡沫期间承担高风险或在 Covid-19 崩盘期间恐慌性抛售的投资者。这无疑对他们的长期回报产生了巨大影响。</blockquote></p><p> The importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.</p><p><blockquote>今天的投资决策对你的长期回报很重要,这就是为什么我选择写我关于如何在历史高点投资的三条黄金法则。你应该如何对待今天的市场,你应该注意什么?你应该以这些高估的价格卖出并等待调整发生,还是在这些水平买入时仍然能产生丰厚的回报?这篇文章将提供这些百万美元问题的答案。</blockquote></p><p> <b>1. Don't get caught by greediness</b></p><p><blockquote><b>1.不要被贪婪抓住</b></blockquote></p><p> Let's start off with the most important rule. Avoid greediness.</p><p><blockquote>让我们从最重要的规则开始。避免贪婪。</blockquote></p><p> According to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.</p><p><blockquote>根据摩根大通的数据,在过去的20年里,投资者的平均年回报率仅为2.9%。因此,它们的表现明显逊于一般市场,因为标普500在此期间的年回报率为 7.5%。</blockquote></p><p> The single most important reason for this retail investor underperformance? Emotional human behavior.</p><p><blockquote>散户投资者表现不佳的最重要原因是什么?情感人类行为。</blockquote></p><p> The average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.</p><p><blockquote>普通投资者受到媒体头条、股价变动和其他投资者行为的严重影响。</blockquote></p><p> Today, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.</p><p><blockquote>今天,我们到达了一个极度看涨的股市环境。上个财报季是股市历史上最伟大的财报季之一。标普500每股收益同比增长 94.5%,86.1% 的成分股超出分析师预期。</blockquote></p><p> As a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:</p><p><blockquote>由于这种看涨环境,分析师正在大幅提高对未来几个季度的预期。他们现在预计,到 2022 年底,每股收益将大幅升至 217.96 美元,较大流行前的高点 157.12 美元大幅回升。这样的复苏看起来很乐观,因为在过去的经济周期中,需要 7-12 年才能实现这一目标:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1accc921d16b11ec13ed94686b9cfe75\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于标准普尔全球数据的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Will earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?</p><p><blockquote>未来几个季度盈利真的会继续强劲复苏吗?还是分析师的假设太贪婪了?</blockquote></p><p> It wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.</p><p><blockquote>如果他们太贪婪,这也不是第一次了。例如,在互联网泡沫期间,他们也被自己的情绪所困扰。就标普500的盈利增长而言,90 年代是异常强劲的十年。因此,分析师完全忘记了下降周期也存在。他们将 2000 年后五年的年度每股收益增长指导提高到惊人的 15%。根据他们的说法,这种高增长率证明了股票交易市盈率创纪录的合理性,许多投资者被骗进了这个故事。</blockquote></p><p> What happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.</p><p><blockquote>后来发生了什么?经济没有繁荣,而是陷入了衰退,花了3年时间才恢复过来。2003 年的收益比分析师 2000 年的预测低了近 50%。</blockquote></p><p></p><p> As markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.</p><p><blockquote>由于市场定价符合分析师的预期,而不是考虑到可能的经济衰退,标普500崩盘并花了 7 年时间才恢复。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0081f4a9c3ee43b20684f113cb04ef9c\" tg-width=\"640\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Let's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.</p><p><blockquote>让我们回到今天……标普500目前的市盈率为25.4倍,与历史水平相比极高。人们普遍认为盈利将继续大幅增长,这证明了这一点。因此,到 2022 年底,该比率将降至可接受的 20.7 倍。</blockquote></p><p> Now ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.</p><p><blockquote>现在问问自己,未来几个季度盈利增长继续高于历史平均水平的可能性有多大。</blockquote></p><p> Interest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.</p><p><blockquote>利率已经是0%了。印钞机快没纸了。联邦债务水平正在达到上限。被压抑的需求和刺激支票已经导致过去几个季度的消费者支出创历史新高。</blockquote></p><p> Maybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.</p><p><blockquote>也许,只是也许,分析师对他们的假设太贪婪了?也许最近的经济复苏是不可持续的,将会降温?也许我的假设(灰线)比市场预测(红线)更有可能?如果是这样,市场的 fwd 2022 市盈率为 23.6 倍,这确实很贵。</blockquote></p><p> I'm not sure this will happen, nobody is. But it sure as hell is a probability.</p><p><blockquote>我不确定这会发生,没人会。但这肯定是一种可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f61310c3c851b181ceb1fb3cc8862fdb\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> This greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.</p><p><blockquote>这种贪婪也反映在图表中。如下图所示,牛市可以分为四个周期。强劲增长、熊市陷阱、媒体关注和贪婪。</blockquote></p><p> Interestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.</p><p><blockquote>有趣的是,2013-2021年的牛市与1994-2000年的牛市几乎完全相同。此时此刻,纳斯达克指数(QQQ)看起来已经准备好开始最后的极度贪婪阶段。媒体将最近的反弹视为“新常态”,投资者正在大量买入FOMO,因为股票“只能上涨”。因此,纳斯达克可能会在 2021 年最后几个月上涨接近 20,000 美元。</blockquote></p><p> As a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.</p><p><blockquote>作为长期投资者,了解这些动态极其重要。你可能也会有全力投资风险资产的冲动。然而,在这个阶段变得贪婪可能会对你的长期回报构成重大威胁,因为随后可能会出现一场大熊市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c783bf0cff4c410846a27c2dc8c180b1\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Human behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.</p><p><blockquote>人类的行为使得不被市场情绪分散注意力变得极具挑战性。如果你能对市场保持客观的看法,这将极大地有利于你的回报。</blockquote></p><p> 2. Keep investing, there are always opportunities</p><p><blockquote>2.坚持投资,机会总是有的</blockquote></p><p> In short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?</p><p><blockquote>简而言之,第一条规则说,你的决定永远不应该被情绪所左右,你应该继续关注潜在的基本面。随着今天市场变得越来越贪婪,估值达到极端水平,这意味着你应该开始出售股票并持有大量现金,对吗?</blockquote></p><p> Not really... You know, a wise man once said the following:</p><p><blockquote>不完全是……你知道,一位智者曾经说过这样一句话:</blockquote></p><p> <b>It's a market of stocks, not a stock market.</b> I'm not entirely sure who came up with it. But it must be a wise man, for sure.</p><p><blockquote><b>这是股票市场,不是股票市场。</b>我不完全确定是谁想出来的。但肯定是个聪明人。</blockquote></p><p> What does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.</p><p><blockquote>这是什么意思?看,许多散户投资者根据整体市场前景买卖股票。如果他们不信任市场,无论如何都会不愿意投资。</blockquote></p><p> That's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.</p><p><blockquote>这不是看待市场的好方法。有近4,000只股票可供选择,无论市场如何发展,总会有有趣的投资机会产生丰厚的回报。</blockquote></p><p> In a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.</p><p><blockquote>在一个普遍被高估的市场中,找到被低估的股票变得越来越具有挑战性,但肯定不是不可能的。问问沃伦·巴菲特。2000年,历史上被高估最严重的股市,他的投资工具伯克希尔哈撒韦公司(BRK.A)(BRK.B)继续购买优质、被低估的资产。他的奉献得到了回报,在互联网高峰五年后,他获得了令人印象深刻的47%的回报率,而纳斯达克指数的回报率为-39%。</blockquote></p><p> The Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.</p><p><blockquote>罗素2000指数(IWM)是一个反映美国小盘股的指数,在互联网泡沫期间也非常有吸引力,2000年的市盈率为16倍(大盘股为24倍)。那些在泡沫期间投资这一被低估资产类别的人也产生了非常可观的回报。我可以想象,那些能够挑选出最好的小盘股的人比那些被过度炒作的科技股欺骗的人快乐得多。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c713a296e819a255b3be8ac6e504033d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> So what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.</p><p><blockquote>那么你今天应该做什么呢?我建议重新评估你所有的投资组合。将它们的估值与 3 年后的收益进行权衡,届时 Covid-19 中断(刺激措施、被压抑的需求等)消失。对你的假设要保守。如果一只股票与这些假设相比被严重高估,不要贪婪并卖出头寸。</blockquote></p><p> A great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.</p><p><blockquote>一个很好的例子是苹果公司(AAPL),它是今年最受欢迎的股票之一。由于其非常强劲的财务状况(上季度收入增长 36.4%),其市盈率在过去两年中翻了一番多,达到 30 倍。重要的是要明白,其最近的增长主要是由于不可持续的驱动因素,如几轮刺激支票。一旦这种情况消失,苹果的增长可能会回落到个位数(甚至可能在短期内为负),未来的回报将非常疲软。</blockquote></p><p> Don't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.</p><p><blockquote>不要把所有释放的资本都保留在现金中,尤其是在当前的通胀环境下。仍然有机会将这笔钱进行再投资。在我看来,小盘股是当今最具吸引力的资产类别,就像 2000 年一样。在最近表现不佳之后,罗素2000指数(代表所有美国小型股)今天的市盈率为15.6倍。这远低于标普500指数及其历史平均水平。有很多小盘股机会,未来将产生丰厚的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f132a93975b3b7fef86aff21c0b49bb\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Yardeni</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:亚德尼</span></p></blockquote></p><p> <b>3. Adopt a proven investment strategy to pick stocks</b></p><p><blockquote><b>3.采用行之有效的投资策略选股</b></blockquote></p><p> Rule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.</p><p><blockquote>规则#1和#2在纸面上看起来很好,但在现实中很难执行。当紧要关头时,很难否认自己的情绪,并在估值过高的市场中找到有趣的投资机会。</blockquote></p><p> That's where #3 comes into play: adopt a proven investment strategy.</p><p><blockquote>这就是#3发挥作用的地方:采用行之有效的投资策略。</blockquote></p><p> With the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.</p><p><blockquote>随着股市即将到来的挑战,我相信在高度不确定的市场环境中,遵循预先确定的策略从未像今天这样重要。如果你使用过去行之有效的策略,你会在每个市场环境中感觉很棒。</blockquote></p><p> There are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.</p><p><blockquote>只要你坚持下去,有很多策略对你有用。我们坚信,我们在内部机会方面被低估的战略将在未来几年非常有价值。</blockquote></p><p> To find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.</p><p><blockquote>为了寻找有吸引力的投资机会,我们每天都会跟踪内部购买情况。内部人士是首席财务官、首席执行官、董事会成员等。他们比市场上任何人都更了解自己的业务。如果他们看到股价和业务基本面之间脱节,他们可以购买股票来产生利润。您可以通过 SEC 文件或 openinsider.com 等网站每天跟踪这种所谓“聪明资金”的购买情况。</blockquote></p><p> We don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".</p><p><blockquote>我们不只是跟进内部购买。我们基于过去十年中超过一百万个数据点创建了三个算法,从所有内部购买中挑选出最好的。因此,我们坚持预先确定的计划,只购买基于特定基本面有吸引力的股票,称为“黄金选择”。</blockquote></p><p> It worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.</p><p><blockquote>它在过去非常有效。我们的回测显示,该策略在过去十年中产生了 47.2% 的年化回报率,是标普500指数的三倍。仅在2011年,它的表现略低于市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f05af9240a87a55641df0a7921ec0380\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:内幕机会</span></p></blockquote></p><p> We firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.</p><p><blockquote>我们坚信,无论市场表现如何,这一革命性的策略都将继续在股票市场为我们创造财富。给自己找一个像我们这样严格的、行之有效的策略,在即将到来的不确定性中,你可以依靠它。</blockquote></p><p> <b>Conclusion: Do this at all-time highs</b></p><p><blockquote><b>结论:在历史高点这样做</b></blockquote></p><p> Most stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?</p><p><blockquote>当创下历史新高时,大多数股市投资者都在固步自封。最重要的是,在这样的牛市里,什么事都不会出错吧?</blockquote></p><p> No, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.</p><p><blockquote>不,事情不是这样的。市场在周期中演变,那些不认识到适应这些周期重要性的人将面临疲软的长期回报。</blockquote></p><p> How should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:</p><p><blockquote>你应该如何接近今天的历史高点,以继续创造财富?以下是我的三条黄金法则:</blockquote></p><p></p><p> <ol> <li><b>Don't get greedy.</b>As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.</li> <li><b>Keep being invested.</b>Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.</li> <li><b>Adopt a proven strategy.</b>Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.</li> </ol></p><p><blockquote><ol><li><b>不要贪婪。</b>作为情绪行为的结果,当市场反弹时,你会想要承担更高的风险。永远不要跟随这些情绪,永远关注基本面。</li><li><b>继续投资。</b>不要仅仅因为市场被高估就不愿意投资股票。承认这是一个股票市场,而不是股票市场。每个市场环境中总有巨大的机会。如今,它们大多是低调的小盘股。</li><li><b>采用行之有效的策略。</b>投资并不容易,尤其是当事情开始向南发展的时候。采用严格的、行之有效的投资策略可以让生活变得更加轻松,并显着提高回报。</li></ol></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs\">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":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186375251","content_text":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.\nAs markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.\nWhat should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?\nIn this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.\n\nphive2015/iStock via Getty Images\nThe stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.\nSource: Insider Opportunities with Tradingview\nEach day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.\nHowever, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.\nThe importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.\n1. Don't get caught by greediness\nLet's start off with the most important rule. Avoid greediness.\nAccording to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.\nThe single most important reason for this retail investor underperformance? Emotional human behavior.\nThe average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.\nToday, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.\nAs a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:\nSource: Insider Opportunities based on S&P Global data; adjusted EPS is used\nWill earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?\nIt wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.\nWhat happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.\nAs markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nLet's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.\nNow ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.\nInterest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.\nMaybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.\nI'm not sure this will happen, nobody is. But it sure as hell is a probability.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nThis greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.\nInterestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.\nAs a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.\nSource: Insider Opportunities with Tradingview\nHuman behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.\n2. Keep investing, there are always opportunities\nIn short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?\nNot really... You know, a wise man once said the following:\n\nIt's a market of stocks, not a stock market.\n\nI'm not entirely sure who came up with it. But it must be a wise man, for sure.\nWhat does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.\nThat's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.\nIn a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.\nThe Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.\nData by YCharts\nSo what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.\nA great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.\nDon't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.\nSource: Yardeni\n3. Adopt a proven investment strategy to pick stocks\nRule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.\nThat's where #3 comes into play: adopt a proven investment strategy.\nWith the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.\nThere are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.\nTo find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.\nWe don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".\nIt worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.\nSource: Insider Opportunities\n\nWe firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.\nConclusion: Do this at all-time highs\nMost stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?\nNo, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.\nHow should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:\n\nDon't get greedy.As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.\nKeep being invested.Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.\nAdopt a proven strategy.Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815083273,"gmtCreate":1630630193892,"gmtModify":1631891003114,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"This company that provides Property services is still bullish. Up and up","listText":"This company that provides Property services is still bullish. Up and up","text":"This company that provides Property services is still bullish. Up and up","images":[{"img":"https://static.tigerbbs.com/3f9606b361588da0b0a70e98bf06258a","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815083273","isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":148125304,"gmtCreate":1625962146408,"gmtModify":1631891003118,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","listText":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","text":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148125304","repostId":"1159307278","repostType":4,"repost":{"id":"1159307278","kind":"news","pubTimestamp":1625873648,"share":"https://www.laohunote.com/m/news/1159307278?lang=zh_CN&edition=full","pubTime":"2021-07-10 07:34","market":"us","language":"en","title":"5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159307278","media":"Barrons","summary":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling s","content":"<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.</p><p><blockquote>理查德-布兰森(Richard Branson)计划于周日飞往太空,这可能是羽翼未丰的太空旅游业的一个里程碑。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误,这次飞行将带着 70 岁的维珍银河(股票代码:SPCE)创始人、公司任务专家和飞行员进行首次载人太空之旅,比杰夫·贝索斯的蓝色起源客运飞行早一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容,以及一些近期历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞?</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.</p><p><blockquote>维珍银河 Unity 22 太空飞行预计将于东部时间上午 9 点左右从维珍位于新墨西哥州的航天港发射升空。发布会可在公司网站和《巴伦周刊》下方进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会在太空中飞多高?</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河公司的 VSS Unity 飞船的速度将达到约 3 马赫,即音速的三倍,上升到约 30 万英尺,即 57 英里。这大约是许多商业飞行的 10 倍,但仍被认为是太空边缘。亚轨道飞行不会经过所谓的卡门线,这是科学家用来界定外层空间边界的。这条线大约有62英里长。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划在航班上带乘客经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱?</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游的又一步,但预计的机组人员是银河员工和布兰森。将有两名飞行员加入公司创始人的行列;贝丝·摩西,首席宇航员教官;科林·贝内特,首席运营工程师;以及政府事务和研究运营副总裁 Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此,布兰森对宣传并不陌生。Canaccord 分析师肯-赫伯特(Ken Herbert)认为,银河影城有可能通过让一位付费客户加入布兰森来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将于本月晚些时候搭载第一位付费乘客进入太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>此次飞行对投资者意味着什么?</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使银河距离全面商业化又近了一步,这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面运行,每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时,每艘宇宙飞船每年的成本约为 5400 万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计 Galactic 2021 年销售额约为 300 万美元,2022 年增长至 5100 万美元,2025 年增长至 5.55 亿美元。盈利和现金流预计将在 2024 年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>这次飞行和相关的新闻报道也代表了该公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益?</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说是一个明显的积极因素,但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经计入了维珍银河的股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约 120%,过去 12 个月上涨超过 200%,这家初创公司的市值约为 110 亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功逃亡后周一没有上涨,投资者也不应失望。公司的最终价值将在未来确定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.</p><p><blockquote>分析师在该股便宜时喜欢它。早在 9 月份,所有研究 Galactic 评级股票的分析师都买入。标普500股票的平均买入评级比率约为 55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9 月份股价为 25 美元。现在,由于该股已飙升至每股 50 美元以上,只有 30% 的分析师给予股票买入评级。</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>5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</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\">\n5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-10 07:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.</p><p><blockquote>理查德-布兰森(Richard Branson)计划于周日飞往太空,这可能是羽翼未丰的太空旅游业的一个里程碑。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误,这次飞行将带着 70 岁的维珍银河(股票代码:SPCE)创始人、公司任务专家和飞行员进行首次载人太空之旅,比杰夫·贝索斯的蓝色起源客运飞行早一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容,以及一些近期历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞?</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.</p><p><blockquote>维珍银河 Unity 22 太空飞行预计将于东部时间上午 9 点左右从维珍位于新墨西哥州的航天港发射升空。发布会可在公司网站和《巴伦周刊》下方进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会在太空中飞多高?</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河公司的 VSS Unity 飞船的速度将达到约 3 马赫,即音速的三倍,上升到约 30 万英尺,即 57 英里。这大约是许多商业飞行的 10 倍,但仍被认为是太空边缘。亚轨道飞行不会经过所谓的卡门线,这是科学家用来界定外层空间边界的。这条线大约有62英里长。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划在航班上带乘客经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱?</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游的又一步,但预计的机组人员是银河员工和布兰森。将有两名飞行员加入公司创始人的行列;贝丝·摩西,首席宇航员教官;科林·贝内特,首席运营工程师;以及政府事务和研究运营副总裁 Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此,布兰森对宣传并不陌生。Canaccord 分析师肯-赫伯特(Ken Herbert)认为,银河影城有可能通过让一位付费客户加入布兰森来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将于本月晚些时候搭载第一位付费乘客进入太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>此次飞行对投资者意味着什么?</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使银河距离全面商业化又近了一步,这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面运行,每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时,每艘宇宙飞船每年的成本约为 5400 万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计 Galactic 2021 年销售额约为 300 万美元,2022 年增长至 5100 万美元,2025 年增长至 5.55 亿美元。盈利和现金流预计将在 2024 年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>这次飞行和相关的新闻报道也代表了该公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益?</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说是一个明显的积极因素,但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经计入了维珍银河的股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约 120%,过去 12 个月上涨超过 200%,这家初创公司的市值约为 110 亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功逃亡后周一没有上涨,投资者也不应失望。公司的最终价值将在未来确定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.</p><p><blockquote>分析师在该股便宜时喜欢它。早在 9 月份,所有研究 Galactic 评级股票的分析师都买入。标普500股票的平均买入评级比率约为 55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9 月份股价为 25 美元。现在,由于该股已飙升至每股 50 美元以上,只有 30% 的分析师给予股票买入评级。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4\">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":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159307278","content_text":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.\nSo long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.\nHere’s what to watch for Sunday, along with some recent history.\nWhen Will the Virgin Galactic Space Flight Take Off?\nThe Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.\nHow High Up in Space Will Passenger Go?\nGalactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.\nBlue Origin plans to take its passengers past the Karman line on its flight.\nHow Much Did Passengers Pay for the Trip?\nNothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.\nStill, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.\nA move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.\nA ticket on a future Virgin Galactic flight will run about $250,000.\nWhat Does the Flight Mean for Investors?\nThe continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.\nOnce fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.\nAnalysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.\nThe flight and associated news coverage also represent publicity for the company.\nHow Will Virgin Galactic Stock Benefit?\nA successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.\n\nThe stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.\nInvestors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.\nAnalysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.\nShares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141066999,"gmtCreate":1625825323211,"gmtModify":1631884665400,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Good news for China companies","listText":"Good news for China companies","text":"Good news for China companies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/141066999","repostId":"2150980376","repostType":4,"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152835746,"gmtCreate":1625280021585,"gmtModify":1631891003120,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","listText":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","text":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/152835746","repostId":"1188153141","repostType":4,"repost":{"id":"1188153141","kind":"news","pubTimestamp":1625276221,"share":"https://www.laohunote.com/m/news/1188153141?lang=zh_CN&edition=full","pubTime":"2021-07-03 09:37","market":"us","language":"en","title":"Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153141","media":"MoneyWise","summary":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for th","content":"<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录,新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼(Suze Orman)在内的投资专家感到担忧,她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释,以及即使市场下跌,您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想?</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的,但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说:”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕,但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单,但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中,房地产市场去年也打破了自己的记录,奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是,她觉得自从上次撞车以来,已经太久了,不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说:”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特(Warren Buffett)经常用来评估市场的一个指标,以他的名字命名,这个指标已经出现了足够长的时间,以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标(衡量股市总价值与美国经济产出之比的指标)继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问,这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议,以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安,部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说:”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处?”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出,大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱,所以最好的长期策略是低价买入。这样,您的美元现在将走得更远,为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入,但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上,现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说:”当市场下跌、下跌、下跌时,你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略,这意味着无论市场波动如何,您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌,奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份,否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下,任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说:”越早开始,你的钱就越多。“只是不要停下来,当这些市场下跌时,你应该非常高兴,因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多,20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示,无论大崩盘是否迫在眉睫,距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先,做最坏的打算,抱最好的希望。自从疫情爆发以来,奥曼现在建议每个人都有一个应急基金,可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后,为了让自己过上舒适的退休生活,她建议您选择罗斯账户,无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时,这将帮助您避免纳税,因为您对罗斯账户的缴款是在税后进行的。另一方面,传统的 IRA 在您供款时无需缴税,因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导,与专业的财务顾问合作,可以帮助你指出正确的方向,这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时,你将牢牢掌握在驾驶座上,计划着你的夕阳西下。</blockquote></p><p></p>","source":"lsy1621813427262","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>Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</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; 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}\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\">\nSuze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-07-03 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录,新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼(Suze Orman)在内的投资专家感到担忧,她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释,以及即使市场下跌,您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想?</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的,但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说:”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕,但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单,但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中,房地产市场去年也打破了自己的记录,奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是,她觉得自从上次撞车以来,已经太久了,不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说:”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特(Warren Buffett)经常用来评估市场的一个指标,以他的名字命名,这个指标已经出现了足够长的时间,以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标(衡量股市总价值与美国经济产出之比的指标)继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问,这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议,以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安,部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说:”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处?”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出,大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱,所以最好的长期策略是低价买入。这样,您的美元现在将走得更远,为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入,但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上,现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说:”当市场下跌、下跌、下跌时,你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略,这意味着无论市场波动如何,您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌,奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份,否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下,任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说:”越早开始,你的钱就越多。“只是不要停下来,当这些市场下跌时,你应该非常高兴,因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多,20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示,无论大崩盘是否迫在眉睫,距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先,做最坏的打算,抱最好的希望。自从疫情爆发以来,奥曼现在建议每个人都有一个应急基金,可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后,为了让自己过上舒适的退休生活,她建议您选择罗斯账户,无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时,这将帮助您避免纳税,因为您对罗斯账户的缴款是在税后进行的。另一方面,传统的 IRA 在您供款时无需缴税,因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导,与专业的财务顾问合作,可以帮助你指出正确的方向,这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时,你将牢牢掌握在驾驶座上,计划着你的夕阳西下。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html\">MoneyWise</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","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153141","content_text":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.\nThat clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.\nAnd a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”\nWhile investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.\nAnd even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.\nWhat's more, she feels it’s just been too long since the last crash to stay this high much longer.\n“This reminds me of 2000 all over again,” Orman says.\nThe Buffett Indicator\nLarry W Smith/EPA/Shutterstock\nOne metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.\nBut the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.\nAnd those in the know are wondering if it's a sign that we’re about to see a hard fall.\nHow to prepare for a crashFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151733541,"gmtCreate":1625105948183,"gmtModify":1631888692934,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583904234574584","authorIdStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Check out this article from MarketWatch - Xometry Rockets 99% in First Day of Trading","listText":"Check out this article from MarketWatch - Xometry Rockets 99% in First Day of Trading","text":"Check out this article from MarketWatch - Xometry Rockets 99% in First Day of Trading","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151733541","isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":885679366,"gmtCreate":1631792149355,"gmtModify":1631883981824,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Just buy both during the correction😁","listText":"Just buy both during the correction😁","text":"Just buy both during the correction😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/885679366","repostId":"1126607843","repostType":4,"repost":{"id":"1126607843","kind":"news","pubTimestamp":1631785252,"share":"https://www.laohunote.com/m/news/1126607843?lang=zh_CN&edition=full","pubTime":"2021-09-16 17:40","market":"us","language":"en","title":"Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126607843","media":"seekingalpha","summary":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves at","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li> <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li> <li>Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li> <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言,现在股市出现大幅回调的可能性值得关注。</li><li>在最近的过去,苹果和微软对股市的大幅下跌做出了不同的反应。</li><li>苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</li><li>在假设的修正情况下,微软的下跌潜力低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍……</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美国股市上一次大调整结束以来,纳斯达克指数已上涨近170%:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说,考虑到该指数过去十年的平均年总价格回报率不超过20%,这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市出现新的重大调整的可能性更高。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外,还有其他因素让我们对当前市场的价格水平持谨慎态度。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先,今年流动性流入股市创历史新高。我现在不说原因,很明显。但这一事实本身就使得市场极其波动:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.</p><p><blockquote>第二,美国股市的相对规模已经超过名义GDP的200%。原则上,这不是一个基本的限制。但正是超宽松的货币政策让美国股市达到了目前的创纪录水平。最有可能的是,在这种情况下,逆转已经勾勒出来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预期市场将进入波动加剧和货币政策收紧的阶段:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以,客观来说,股市下一次回调的可能性至少值得关注。在这种情况下,我建议回答这个问题:<i>如果出现调整,苹果 (AAPL) 和微软 (MSFT) 哪家公司的跌幅更大?</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软?</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定是由两个因素决定的。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先,这是科技行业最大的两家公司,合计占美国股市总市值的10%以上。这些公司规模如此之大,原则上,仅凭它们的动态就能引发新一波的调整:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次,两家公司都支付股息。在基本面估值方面,这个因素起着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先,让我们来看看两家公司在最近市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为此,我将三年的时间跨度分为八个市场走势时期:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:TradingView,作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的业绩:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看,统计数据是明确的:<i>在调整期间,微软价格的跌幅往往小于苹果。</i>但另一方面,苹果在市场增长时期的表现一直较好。在这种情况下,所获得的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期,两家公司表现出大致相同的回报。因此,在这里我们找不到我们问题的线索……</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下,公司股票价格可以从两个角度来看。</blockquote></p><p> On the one hand, the price reflects the present value of the company's <b>future cash flow</b>. On the other hand, the price is the present value of the sum of <b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>一方面,价格反映了公司的现值<b>未来现金流量</b>另一方面,价格是以下总和的现值<b>所有潜在股息</b>公司将来会支付。让我们模拟一下苹果和微软的价格。为此,我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了减少模型的主观性,我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with <b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>.以下是加权平均资本成本的计算方法:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注:</blockquote></p><p> <ul> <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li> <li>I used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li> <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率,我使用equityriskpremium(4.72%)和UST10的当前收益率作为无风险利率(1.33%)。</li><li>我使用了三年贝塔系数的当前值。对于最后一年,我使用等于1的Beta。</li><li>为了计算债务成本,我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于 DCF 的苹果股票目标价约为 181 美元(+22%)。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>就苹果而言,在构建股息贴现模型时,还需要考虑到公司持续积极回购的事实:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续目前的动态,该模型假设到最后一年,稀释股票的数量将减少到135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的 25% 用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息贴现模型本身:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于 DDM 的苹果股票目标价为 69 美元 (-54%)。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在让我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于 DCF 的微软股票目标价约为 353 美元(+18%)。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的势头将继续下去,到最后一年,稀释后的股票数量将减少到 72 亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于 DDM 的微软股票目标价为 203 美元(-32%)。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>让我们总结一下:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是,我已经在这些公司的案例中观察到类似的结果很长时间了。我的意思是,苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明,在市场增长时期,投资者并不特别倾向于关注股息。此外,最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间,潜在股息的现值是价格难以下跌的最低水平。在这种情况下,我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段,当调整的可能性已经超出形式上时,在我看来,与苹果相比,投资微软的风险较小。</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>Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</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 Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs微软:在纠正的情况下,谁倾向于跌得更惨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-16 17:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li> <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li> <li>Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li> <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言,现在股市出现大幅回调的可能性值得关注。</li><li>在最近的过去,苹果和微软对股市的大幅下跌做出了不同的反应。</li><li>苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</li><li>在假设的修正情况下,微软的下跌潜力低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍……</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美国股市上一次大调整结束以来,纳斯达克指数已上涨近170%:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说,考虑到该指数过去十年的平均年总价格回报率不超过20%,这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市出现新的重大调整的可能性更高。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外,还有其他因素让我们对当前市场的价格水平持谨慎态度。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先,今年流动性流入股市创历史新高。我现在不说原因,很明显。但这一事实本身就使得市场极其波动:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.</p><p><blockquote>第二,美国股市的相对规模已经超过名义GDP的200%。原则上,这不是一个基本的限制。但正是超宽松的货币政策让美国股市达到了目前的创纪录水平。最有可能的是,在这种情况下,逆转已经勾勒出来。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预期市场将进入波动加剧和货币政策收紧的阶段:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以,客观来说,股市下一次回调的可能性至少值得关注。在这种情况下,我建议回答这个问题:<i>如果出现调整,苹果 (AAPL) 和微软 (MSFT) 哪家公司的跌幅更大?</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软?</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定是由两个因素决定的。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先,这是科技行业最大的两家公司,合计占美国股市总市值的10%以上。这些公司规模如此之大,原则上,仅凭它们的动态就能引发新一波的调整:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:可视化分析</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次,两家公司都支付股息。在基本面估值方面,这个因素起着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先,让我们来看看两家公司在最近市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为此,我将三年的时间跨度分为八个市场走势时期:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:TradingView,作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的业绩:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看,统计数据是明确的:<i>在调整期间,微软价格的跌幅往往小于苹果。</i>但另一方面,苹果在市场增长时期的表现一直较好。在这种情况下,所获得的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期,两家公司表现出大致相同的回报。因此,在这里我们找不到我们问题的线索……</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下,公司股票价格可以从两个角度来看。</blockquote></p><p> On the one hand, the price reflects the present value of the company's <b>future cash flow</b>. On the other hand, the price is the present value of the sum of <b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>一方面,价格反映了公司的现值<b>未来现金流量</b>另一方面,价格是以下总和的现值<b>所有潜在股息</b>公司将来会支付。让我们模拟一下苹果和微软的价格。为此,我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了减少模型的主观性,我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with <b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>.以下是加权平均资本成本的计算方法:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注:</blockquote></p><p> <ul> <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li> <li>I used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li> <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率,我使用equityriskpremium(4.72%)和UST10的当前收益率作为无风险利率(1.33%)。</li><li>我使用了三年贝塔系数的当前值。对于最后一年,我使用等于1的Beta。</li><li>为了计算债务成本,我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于 DCF 的苹果股票目标价约为 181 美元(+22%)。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>就苹果而言,在构建股息贴现模型时,还需要考虑到公司持续积极回购的事实:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续目前的动态,该模型假设到最后一年,稀释股票的数量将减少到135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的 25% 用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息贴现模型本身:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于 DDM 的苹果股票目标价为 69 美元 (-54%)。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在让我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于 DCF 的微软股票目标价约为 353 美元(+18%)。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的势头将继续下去,到最后一年,稀释后的股票数量将减少到 72 亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于 DDM 的微软股票目标价为 203 美元(-32%)。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>让我们总结一下:</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是,我已经在这些公司的案例中观察到类似的结果很长时间了。我的意思是,苹果和微软在未来现金流方面往往被低估,而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明,在市场增长时期,投资者并不特别倾向于关注股息。此外,最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间,潜在股息的现值是价格难以下跌的最低水平。在这种情况下,我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段,当调整的可能性已经超出形式上时,在我看来,与苹果相比,投资微软的风险较小。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction\">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":"","relate_stocks":{"AAPL":"苹果","MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126607843","content_text":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.\nApple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nIn the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.\n\nvicnt/iStock via Getty Images\nAs an introduction...\nSince the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:\nData by YCharts\nFor a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.\nSource: VisualizedAnalytics\nIn addition, there are other factors that make us wary of the current price level of the market.\nFirst, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:\nSource: Bank of America\nSecond, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.\nSource: VisualizedAnalytics\nAnd finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:\nSource: VisualizedAnalytics\nSo, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?\nWhy Apple vs. Microsoft?\nThe decision to compare exactly these two companies was dictated by two factors.\nFirstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:\n\nSource: VisualizedAnalytics\nSecondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.\nSome Statistics\nTo begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.\nTo do this, I have broken the three-year span into eight periods of market movement:\nSource: TradingView, Author\nHere are the results that companies have shown in each of the periods:\nSource: Author\nAt first glance, the statistics are unambiguous:during periods of correction, the price of Microsoft tends to decrease less than that of Apple.But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.\nBut in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...\nFundamentals\nExclusively in an investment context, the price of a company's share can be viewed from two points of view.\nOn the one hand, the price reflects the present value of the company's future cash flow. On the other hand, the price is the present value of the sum of all potential dividendsthat the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.\nIn order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.\nLet's start with Apple. Here is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nNotes:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).\nI used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.\n\nHere is the DCF model:\nSource: Author\nThe DCF-based target price for Apple's shares is about $181 (+22%).\nIn the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:\nData by YCharts\nContinuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.\nApple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.\nHere is the Dividend Discount Model itself:\nSource: Author\nThe DDM-based target price for Apple's shares is $69 (-54%).\nNow let's take a look at Microsoft.\nHere is the calculation of the WACC:\nSource: Author\nAnd here is the DCF model:\nSource: Author\nThe DCF-based target price for Microsoft's shares is about $353 (+18%).\nMicrosoft is also actively buying back shares:\nData by YCharts\nI proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.\nHere is the Dividend Discount Model:\nSource: Author\nThe DDM-based target price for Microsoft's shares is $203 (-32%).\nLet's summarize:\n\nIt is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nThis suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.\nBut during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.\nBottom line\nAt the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141066999,"gmtCreate":1625825323211,"gmtModify":1631884665400,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Good news for China companies","listText":"Good news for China companies","text":"Good news for China companies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/141066999","repostId":"2150980376","repostType":4,"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148125304,"gmtCreate":1625962146408,"gmtModify":1631891003118,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","listText":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","text":"Still I believe it’s stock price will see some increase for short term if the flight is successful as it is the first of its kind.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148125304","repostId":"1159307278","repostType":4,"repost":{"id":"1159307278","kind":"news","pubTimestamp":1625873648,"share":"https://www.laohunote.com/m/news/1159307278?lang=zh_CN&edition=full","pubTime":"2021-07-10 07:34","market":"us","language":"en","title":"5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159307278","media":"Barrons","summary":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling s","content":"<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.</p><p><blockquote>理查德-布兰森(Richard Branson)计划于周日飞往太空,这可能是羽翼未丰的太空旅游业的一个里程碑。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误,这次飞行将带着 70 岁的维珍银河(股票代码:SPCE)创始人、公司任务专家和飞行员进行首次载人太空之旅,比杰夫·贝索斯的蓝色起源客运飞行早一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容,以及一些近期历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞?</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.</p><p><blockquote>维珍银河 Unity 22 太空飞行预计将于东部时间上午 9 点左右从维珍位于新墨西哥州的航天港发射升空。发布会可在公司网站和《巴伦周刊》下方进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会在太空中飞多高?</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河公司的 VSS Unity 飞船的速度将达到约 3 马赫,即音速的三倍,上升到约 30 万英尺,即 57 英里。这大约是许多商业飞行的 10 倍,但仍被认为是太空边缘。亚轨道飞行不会经过所谓的卡门线,这是科学家用来界定外层空间边界的。这条线大约有62英里长。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划在航班上带乘客经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱?</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游的又一步,但预计的机组人员是银河员工和布兰森。将有两名飞行员加入公司创始人的行列;贝丝·摩西,首席宇航员教官;科林·贝内特,首席运营工程师;以及政府事务和研究运营副总裁 Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此,布兰森对宣传并不陌生。Canaccord 分析师肯-赫伯特(Ken Herbert)认为,银河影城有可能通过让一位付费客户加入布兰森来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将于本月晚些时候搭载第一位付费乘客进入太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>此次飞行对投资者意味着什么?</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使银河距离全面商业化又近了一步,这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面运行,每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时,每艘宇宙飞船每年的成本约为 5400 万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计 Galactic 2021 年销售额约为 300 万美元,2022 年增长至 5100 万美元,2025 年增长至 5.55 亿美元。盈利和现金流预计将在 2024 年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>这次飞行和相关的新闻报道也代表了该公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益?</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说是一个明显的积极因素,但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经计入了维珍银河的股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约 120%,过去 12 个月上涨超过 200%,这家初创公司的市值约为 110 亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功逃亡后周一没有上涨,投资者也不应失望。公司的最终价值将在未来确定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.</p><p><blockquote>分析师在该股便宜时喜欢它。早在 9 月份,所有研究 Galactic 评级股票的分析师都买入。标普500股票的平均买入评级比率约为 55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9 月份股价为 25 美元。现在,由于该股已飙升至每股 50 美元以上,只有 30% 的分析师给予股票买入评级。</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>5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</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\">\n5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次载人太空飞行需要了解的 5 件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-10 07:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.</p><p><blockquote>理查德-布兰森(Richard Branson)计划于周日飞往太空,这可能是羽翼未丰的太空旅游业的一个里程碑。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误,这次飞行将带着 70 岁的维珍银河(股票代码:SPCE)创始人、公司任务专家和飞行员进行首次载人太空之旅,比杰夫·贝索斯的蓝色起源客运飞行早一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容,以及一些近期历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞?</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.</p><p><blockquote>维珍银河 Unity 22 太空飞行预计将于东部时间上午 9 点左右从维珍位于新墨西哥州的航天港发射升空。发布会可在公司网站和《巴伦周刊》下方进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会在太空中飞多高?</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河公司的 VSS Unity 飞船的速度将达到约 3 马赫,即音速的三倍,上升到约 30 万英尺,即 57 英里。这大约是许多商业飞行的 10 倍,但仍被认为是太空边缘。亚轨道飞行不会经过所谓的卡门线,这是科学家用来界定外层空间边界的。这条线大约有62英里长。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划在航班上带乘客经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱?</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游的又一步,但预计的机组人员是银河员工和布兰森。将有两名飞行员加入公司创始人的行列;贝丝·摩西,首席宇航员教官;科林·贝内特,首席运营工程师;以及政府事务和研究运营副总裁 Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此,布兰森对宣传并不陌生。Canaccord 分析师肯-赫伯特(Ken Herbert)认为,银河影城有可能通过让一位付费客户加入布兰森来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将于本月晚些时候搭载第一位付费乘客进入太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>此次飞行对投资者意味着什么?</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使银河距离全面商业化又近了一步,这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面运行,每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时,每艘宇宙飞船每年的成本约为 5400 万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计 Galactic 2021 年销售额约为 300 万美元,2022 年增长至 5100 万美元,2025 年增长至 5.55 亿美元。盈利和现金流预计将在 2024 年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>这次飞行和相关的新闻报道也代表了该公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益?</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说是一个明显的积极因素,但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经计入了维珍银河的股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约 120%,过去 12 个月上涨超过 200%,这家初创公司的市值约为 110 亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功逃亡后周一没有上涨,投资者也不应失望。公司的最终价值将在未来确定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.</p><p><blockquote>分析师在该股便宜时喜欢它。早在 9 月份,所有研究 Galactic 评级股票的分析师都买入。标普500股票的平均买入评级比率约为 55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9 月份股价为 25 美元。现在,由于该股已飙升至每股 50 美元以上,只有 30% 的分析师给予股票买入评级。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4\">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":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159307278","content_text":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.\nSo long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.\nHere’s what to watch for Sunday, along with some recent history.\nWhen Will the Virgin Galactic Space Flight Take Off?\nThe Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.\nHow High Up in Space Will Passenger Go?\nGalactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.\nBlue Origin plans to take its passengers past the Karman line on its flight.\nHow Much Did Passengers Pay for the Trip?\nNothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.\nStill, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.\nA move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.\nA ticket on a future Virgin Galactic flight will run about $250,000.\nWhat Does the Flight Mean for Investors?\nThe continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.\nOnce fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.\nAnalysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.\nThe flight and associated news coverage also represent publicity for the company.\nHow Will Virgin Galactic Stock Benefit?\nA successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.\n\nThe stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.\nInvestors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.\nAnalysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.\nShares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885167567,"gmtCreate":1631766320559,"gmtModify":1631883555671,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Spotting The next Tesla","listText":"Spotting The next Tesla","text":"Spotting The next Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/885167567","repostId":"2167228591","repostType":4,"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860797422,"gmtCreate":1632209400566,"gmtModify":1632802050960,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"That’s why Elon is leading Tesla to great heights","listText":"That’s why Elon is leading Tesla to great heights","text":"That’s why Elon is leading Tesla to great heights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/860797422","repostId":"1150093379","repostType":4,"repost":{"id":"1150093379","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1632187101,"share":"https://www.laohunote.com/m/news/1150093379?lang=zh_CN&edition=full","pubTime":"2021-09-21 09:18","market":"us","language":"en","title":"Why Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150093379","media":"Benzinga Earnings","summary":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are ","content":"<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p><p><blockquote>每个行业的无数人都会在其他人中留下印记。金融行业的趋势和人物对无数人的生活产生了更大的影响,但这还不止于此。有影响力的人的财务决策通常会影响他们的追随者做出自己的财务决策的方式,包括那些正在寻找出租公寓投资机会的人。埃隆·马斯克是金融行业最具影响力的人之一。有很多理由证明这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p><p><blockquote>调查确实声称他同时对加密市场产生了显著影响。这表明,可能有各种各样的情况有助于将这个人转变为整个金融行业的游戏规则改变者。</blockquote></p><p> <b>Who Is Elon Musk?</b></p><p><blockquote><b>埃隆·马斯克是谁?</b></blockquote></p><p> Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p><p><blockquote>埃隆·马斯克是世界著名企业家之一,也是许多公司的创始人。他通过他一直在谈论的汽车品牌特斯拉获得了令人难以置信的财富。此外,埃隆·马斯克现在被认为是引领全球市场的有影响力的人物之一。最近,他还被报道为世界上最富有的人。</blockquote></p><p> <b>A Glance into Elon Musk's Early Years</b></p><p><blockquote><b>回顾埃隆·马斯克的早年</b></blockquote></p><p> Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p><p><blockquote>不可否认,埃隆·马斯克在金融和发明领域都是一位成就斐然的人。但毫不奇怪,每个成功人士都需要持续的支持和鼓励来实现个人和职业发展。因此,了解埃隆从小的生活是有道理的。</blockquote></p><p> Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p><p><blockquote>埃隆的早年与他现在的生活场景大相径庭。他于1971年出生在南非城市比勒陀利亚。他在同一个城市长大。他总是一个聪明的孩子,努力尝试新事物。他的父亲是南非人,母亲是加拿大人。他们精心抚养他,因为他是所有兄弟姐妹中最聪明的。这时,他开始得到父母的鼓励和支持。</blockquote></p><p> <b>The challenges Elon faced</b></p><p><blockquote><b>埃隆面临的挑战</b></blockquote></p><p> Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p><p><blockquote>父母离婚后,埃隆大部分时间都和父亲住在一起,但他设法控制了自己的心理健康。他是一个雄心勃勃的孩子。他专注于学习,经常被其他孩子欺负成书呆子。不过,这并没有改变他的目标。他个性中不断增长的火花证明了他从成功一开始就接受了欺凌的挑战。</blockquote></p><p> Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p><p><blockquote>他没有为别人过去是如何欺负他而哭泣,而是决定利用自己好学的个性来探索更多他最感兴趣的东西。基于这个决定,埃隆确定了自己的创造力水平,并在实现一生中的里程碑方面变得势不可挡。</blockquote></p><p> <b>Education</b></p><p><blockquote><b>教育</b></blockquote></p><p> His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p><p><blockquote>他对教育的倾向说明了为什么埃隆·马斯克是当今最有影响力的人。此外,他总是把自己与技术媒介联系在一起。这就是他在10岁时就完全了解编程的原因。</blockquote></p><p> Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p><p><blockquote>埃隆还在学生时代的早期设计了一款视频游戏。他后来被加拿大一所名为女王大学的大学录取。这所大学位于加拿大安大略省,他在移居美国之前曾在那里学习。</blockquote></p><p> The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p><p><blockquote>这位聪明的学生在女王大学完成两年的教育后被转移到宾夕法尼亚大学。他拥有经济学和物理学学位。这两个学位都帮助他成为了我们大多数人认为可能是他有影响力的天性背后的原因的人。</blockquote></p><p> Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p><p><blockquote>此外,他本应在1995年去斯坦福大学上课,但这从未发生过。他是建立自己事业的唯一观点。这个想法帮助他成为了一名努力的企业家。</blockquote></p><p> <b>Why Elon Musk is the Most Influential</b></p><p><blockquote><b>为什么埃隆·马斯克最有影响力</b></blockquote></p><p> It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p><p><blockquote>可以肯定地说,他是财富圈永不停歇的魅力,让世人津津乐道。他领导着金融市场的大脑,许多合理的理由证明了这一说法是正确的。</blockquote></p><p> Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p><p><blockquote>以下是他回答“埃隆·马斯克如何影响世界?”这个问题的一些最重要的成就。</blockquote></p><p> <b>His Impact on the Surge in Cryptocurrency Value</b></p><p><blockquote><b>他对加密货币价值飙升的影响</b></blockquote></p><p> An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p><p><blockquote>普通消费者可能并不完全了解公司的决定对金融市场的影响,但这就是这里发生的事情。特斯拉确实宣布将购买大量比特币,价值约15亿美元。</blockquote></p><p> Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p><p><blockquote>做出决定后,该公司做出了一个有影响力的决定:该决定涉及如何付款。它在选择加密货币作为支付方式方面做了一些公告。</blockquote></p><p></p><p> The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p><p><blockquote>加密货币的价值每隔一天就在变化,当时也是如此。然而,事情的发生却有所不同。在特斯拉汽车制造商做出重大宣布后,用户开始对购买和投资比特币货币产生更多兴趣。</blockquote></p><p> That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p><p><blockquote>就在那时,比特币的市场走势突然发生了变化。在Elon宣布这一消息后,每个人都对购买比特币感兴趣,因此价格上涨了。因此,它直接指的是埃隆·马斯克作为一个强大的商业人物的权威。</blockquote></p><p> <b>Elon Started His Success Story as the Co-Founder of Tesla</b></p><p><blockquote><b>埃隆作为特斯拉的联合创始人开始了他的成功故事</b></blockquote></p><p> This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p><p><blockquote>这是对他一生的主要描述,也可能是最重要的成就。当他在2004年开始给它更多的资金时,他获得了更大的成功和名气。此外,他开始与一些著名工程师合作,为特斯拉奠定了坚实的基础。</blockquote></p><p> Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p><p><blockquote>后来,在经历了合伙人之间的个人冲突后,他独自一人管理自己的业务。该公司生产了一款名为特斯拉跑车的电动汽车,给特斯拉带来了不可否认的名声。它与包括太阳能生产在内的其他贡献一起成为了一个成功的汽车品牌。</blockquote></p><p> Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p><p><blockquote>埃隆对特斯拉的发展所做的贡献一直是人们关注的焦点。多年来,直到今天,他通过生产更好、更坚固的汽车,不断超越业内同行。他的电动汽车赢得了帝国的声誉,这说明了为什么埃隆·马斯克是最有影响力的商人。</blockquote></p><p> <b>Pioneer in online payment systems</b></p><p><blockquote><b>在线支付系统的先驱</b></blockquote></p><p> In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p><p><blockquote>1995年,埃隆与他的兄弟金巴尔·马斯克合作,以Zip2公司的形式创办了自己的企业。这是他的第一家公司,这次推出是他走向成功的坚实一步。尽管他的业务涉及为流行杂志(《芝加哥论坛报》和《纽约时报》)提供城市指南,但这导致了一个值得讨论的事件:埃隆将Zip2公司出售给了康柏计算机公司的一个部门。</blockquote></p><p> With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p><p><blockquote>埃隆手头有 3.07 亿美元和 3400 万美元的股票,他很幸运地利用这笔钱创办了一家新企业 X.com。也就是说,他成功实现了在金融行业发声的愿景。正是由于X.com的起源,在线支付系统的概念才得以出现。埃隆成功地以PayPal的形式实现了他的概念。</blockquote></p><p> All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p><p><blockquote>所有的功劳都归于埃隆,因为他创立了电子支付服务,即使他不是现任首席执行官。一段时间后,他被公司开除,但这位创始人的价值仍然完好无损。</blockquote></p><p> <b>Contributions in SpaceX</b></p><p><blockquote><b>对 SpaceX 的贡献</b></blockquote></p><p> Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p><p><blockquote>多年来,埃隆做出了许多承诺和计划,并建立了有影响力的联系,以确保未来的太空投资。此外,他还计划在2025年前与美国宇航局合作前往火星。因此,他的计划一直是一致的。</blockquote></p><p> His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p><p><blockquote>他为制造可重复使用的火箭所做的主要努力是无价的。他们指的是以猎鹰9号的形式前往火星的成本较低的旅行选择。此外,该航天器设计得非常完美,并成功执行了外层空间任务。</blockquote></p><p> <b>The Idea of Making Phone Calls from Computers</b></p><p><blockquote><b>用计算机制作电话评级的想法</b></blockquote></p><p> Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p><p><blockquote>埃隆的个人成就也让世界了解了他的创造力水平。1997年,他一直关注通过电脑实现电话评级。这给了他一个尝试这个机会的机会。</blockquote></p><p> His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p><p><blockquote>他的想法是将传统的计算机与座机连接起来,以节省大量的时间和精力。因此,他的努力在实际实施中得到了证明。然后,用户可以通过计算机在线访问公司的联系人。此外,这一概念采取了看涨期权中心的形式,我们看到这些中心在世界各地开展活动。</blockquote></p><p> <b>The Boring Company</b></p><p><blockquote><b>无聊公司</b></blockquote></p><p> In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p><p><blockquote>2016年底,埃隆创立了无聊公司。这家公司以隧道和基础设施建设为基础。该项目的前提是,目前的交通状况是完全不可接受的,尤其是道路下有这么多未使用的空间。埃隆的想法是,没有必要在地面上旅行。</blockquote></p><p> The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p><p><blockquote>该公司的目标是通过制造和使用大功率镗床来加快生产并降低隧道成本。目标还包括较小的隧道。</blockquote></p><p> In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p><p><blockquote>2020年,该公司已经在拉斯维加斯、华盛顿特区、霍桑、芝加哥、巴尔的摩、洛杉矶等地区有正在进行的项目。为了获得资金,埃隆开始以无聊公司为品牌销售帽子。到2017年,他已经卖出了超过40,000顶帽子,筹集了超过84万美元。卖出5万顶帽子后,下一个产品是一个无聊的公司喷火器。每个火焰喷射器的售价为 500 美元,马斯克在几天内就筹集了 1000 万美元。</blockquote></p><p></p><p> The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p><p><blockquote>这家无聊的公司还将其股份出售给早期风险投资公司,通过这种方式筹集了约 1.2 亿美元。还有其他一些资金来源,结果是到2020年2月完成了两个调谐器。这家无聊公司的未来计划也包括高速运输系统,因此我们必须继续关注更多更新。</blockquote></p><p> <b>A Few Secrets of Elon Musk’s Success</b></p><p><blockquote><b>埃隆-马斯克成功的一些秘诀</b></blockquote></p><p> Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p><p><blockquote>许多人想知道为什么埃隆的努力如此成功。他在几次采访中透露了一些成功的秘诀。现在让我们讨论一下这些教训的症结所在:</blockquote></p><p> <b>Money Is Not the Goal</b></p><p><blockquote><b>金钱不是目标</b></blockquote></p><p> For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p><p><blockquote>对于今天的大多数企业家和职业建设者来说,最初的目标至少是赚尽可能多的钱。这不一定是一个消极的目标;毕竟,我们必须为必需品工作,为了维持某种生活方式。</blockquote></p><p> However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p><p><blockquote>然而,埃隆说,他的商业态度并不是把钱作为所有活动的中心。事实上,他在接受采访时表示,他并不知道自己到底有多少钱。他在几个银行账户中都没有一定金额;相反,他在 SolarCity、SpaceX 和特斯拉等公司拥有一些投票权。然后,市场会对这些投票进行估值,即他在这些公司中的所有权股份。</blockquote></p><p> Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p><p><blockquote>埃隆还表示,只要过程符合道德,追求财富并没有错。然而,他坚持认为这种追求并不是他的动力。到目前为止,这种方法似乎对他和他的公司很有效。</blockquote></p><p> Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p><p><blockquote>他的公司主要生产电动汽车,取得了特别积极的进展。如果我们看看它最近的表现,特斯拉股票的价值已经飙升,现在价值超过7000亿美元。从某种意义上说,这个价值超过了通用汽车、菲亚特克莱斯勒、大众、福特、法拉利和宝马的总和。演员小罗伯特-唐尼(Robert Downy Jr.</blockquote></p><p> Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p><p><blockquote>有趣的是,埃隆在接受采访时也表示,他并不指望在生命的尽头变得富有。他计划在火星基地上花一大笔钱。这个项目可能会占用他一生的收入,他已经做好了心理准备。事实上,他认为这是最好的办法,而不是带着数十亿美元离开人世。</blockquote></p><p> <b>Making Sure to Pursue Your Passion</b></p><p><blockquote><b>确保追求你的激情</b></blockquote></p><p> Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p><p><blockquote>说到火星基地,这项努力是埃隆认为的最终成功。他认为,既然我们都希望未来在各方面都更加令人兴奋、发达和更好,我们就必须从今天开始做出必要的努力。</blockquote></p><p> His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p><p><blockquote>他的公司SpaceX就是这种努力的一个很好的例子。埃隆创办这家公司是出于挫败感和雄心壮志,因为他觉得美国的太空计划不够雄心勃勃。他的期望是定期超越地球大气层;把人送上火星,开发月球基地,并定期执行轨道任务。</blockquote></p><p> Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p><p><blockquote>埃隆并不满足于失望,而是在有能力的情况下开始着手 “火星绿洲任务 ”。这次任务的目的是在火星上建造一个温室。虽然温室很小,但主要的想法是再次激发公众对太空的兴奋。这里的另一个动机是说服美国政府给美国宇航局分配更高的预算。</blockquote></p><p> During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p><p><blockquote>然而,在这些努力中,埃隆意识到太空探索的问题更多地与财政有关,而不是公共利益。他发现所需的技术比绝对必要的技术要昂贵得多。从那里,他开始了他的SpaceX业务,这是迄今为止最具成本效益的火箭发射企业。</blockquote></p><p> Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p><p><blockquote>同样,他的主要目标不是尽可能多地赚钱,而是让一个人登上火星。埃隆并不认为自己的努力是一个想从投资中获得最大收益的投资者。相反,他的工作是工程师的工作,解决紧迫技术问题的热情是他每天早上起床的动力。</blockquote></p><p> Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p><p><blockquote>埃隆还记住,他克服的每一个商业障碍也将有助于那些试图处理同样问题的人。这就是为什么在 2014 年,他宣布将开放特斯拉的所有专利。有了这些专利,电动汽车可以在世界各地变得广泛和更容易制造。</blockquote></p><p> While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p><p><blockquote>虽然这种开源理念有一定的条件,但事实仍然是,这一举措将帮助我们所有人制造更环保的汽车。同样,主要目标不是让特斯拉成为垄断企业并对电动汽车收取溢价。相反,这是为了帮助人们更容易、更便宜地获得不会这么快毁灭地球的车辆。</blockquote></p><p> <b>Taking the Chance to Think Big</b></p><p><blockquote><b>抓住机会大胆思考</b></blockquote></p><p></p><p> The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p><p><blockquote>到目前为止的讨论已经向我们展示了埃隆的想法有多大。更令人印象深刻的是,他不怕思考这些想法,并努力将这些想法付诸实践。有些人甚至会把这种想法贴上过于大胆甚至荒谬的标签,但埃隆已经证明他们是错误的。</blockquote></p><p> Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p><p><blockquote>我们通常与埃隆·马斯克联系在一起的几个想法包括彻底改变全球汽车工业、进入火星、在真空隧道内建造极快的火车、改变电池和太阳能行业,以及将人工智能集成到人脑中。</blockquote></p><p> Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p><p><blockquote>我们看到这里出现了一种模式吗?所有这些想法和项目都是未来主义的,嵌入了先进的技术,甚至本质上是幻想的。埃隆的一些想法和梦想几乎就像 20 世纪 80 年代科幻杂志上的概念。</blockquote></p><p> Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p><p><blockquote>埃隆实际上受到了他童年时喜欢的科幻电影和书籍的启发。随着年龄的增长,这种灵感变成了雄心壮志。在他走向成功的过程中,他得到的印象是,大多数公司的雄心壮志非常低,这对他们的激励结构产生了不利影响。</blockquote></p><p> As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p><p><blockquote>因此,许多企业在增量主义系统中运营,这意味着他们的目标只是适度的改进,并且需要很长时间才能实现。埃隆指出,如果有人是一家大公司的首席执行官或所有者,浪费时间进行改进,他们就不会承担责任。他们只会将责任转移到供应商、工人或其他从属方身上。</blockquote></p><p> On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p><p><blockquote>另一方面,埃隆也指出,如果有人很勇敢,想要进行突破性的创新或改进,他们也会承担所有的责任。如果这个大胆的想法没有奏效,首席执行官几乎肯定会被解雇。这就是为什么许多公司只关注小的发展步骤,而不是追求有可能带来重大变革的重大创新。他们也宁愿在现有产品上下功夫,也不愿想象新的、独特的产品,除非他们先覆盖了所有的基地。</blockquote></p><p> Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p><p><blockquote>考虑到这一切,埃隆的建议是致力于未来重要的事情。在他的个人层级中,埃隆本人希望加快全球从不可再生化石燃料向更环保、更持久的替代品的转变。接下来,他想致力于殖民火星,并可能使人类在行星上生活成为可能。这是为了确保人类生存的时间比现在预测的时间长得多(化石燃料耗尽,地球变暖)。</blockquote></p><p> <b>Getting Ready for Risks</b></p><p><blockquote><b>为风险做好准备</b></blockquote></p><p> With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p><p><blockquote>伟大的想法伴随着巨大的风险,埃隆说人们必须为此做好准备。他自己也处理了一些巨大的风险,证明了自己有赢得比赛的底气。</blockquote></p><p> For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p><p><blockquote>例如,2002年,他出售了自己在Zip2和PayPal的股份。这些是他的第一次冒险,当时他三十出头,名下有大约2亿美元。</blockquote></p><p> His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p><p><blockquote>他此时的计划是将一半的钱投资于商业,其余的钱靠自己生活。然而,就他的商业生活而言,这个阶段也是最黑暗的阶段。</blockquote></p><p> While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p><p><blockquote>虽然他没有很多新业务,但这正是他们遇到几个问题的时候。SpaceX发射了三次,每次都失败了。特斯拉在设计、供应链和生产方面面临着各种各样的问题。</blockquote></p><p> Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p><p><blockquote>最重要的是,埃隆还面临着金融危机,做出了艰难的选择。他要么继续舒适地生活,让他的生意消亡,要么他可以投资这一切,给他的想法一个生存的机会。</blockquote></p><p> We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p><p><blockquote>我们都知道接下来发生了什么;埃隆冒了险,投入了他为自己准备的钱。他还欠了债,最后向朋友借钱只是为了一些生活费。</blockquote></p><p> Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p><p><blockquote>破产的可能性很大,但埃隆表示他并不太害怕。他说,如果他的孩子必须上公立学校而不是私立学校,那就不是世界末日了。毕竟,埃隆自己也是一个公立学校的孩子。</blockquote></p><p> <b>Ignore Those Who Criticize</b></p><p><blockquote><b>忽略那些批评的人</b></blockquote></p><p> While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p><p><blockquote>虽然破产并没有让埃隆失望,但他确实表示,当他已经陷入困境时,某些批评者的干涉让他感到震惊。几个博客网站甚至在特斯拉上设立了死亡守望,其他人认为埃隆本人太傲慢了,不值得成功。</blockquote></p><p> However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p><p><blockquote>然而,埃隆否认他或他的团队曾经傲慢。他只是说他们渴望实现某个目标,并不是说他们一定会达到那个目标。因此,他的下一个成功秘诀是不听批评者的话;至少,不会是那些为你可能的失败而高兴的人。</blockquote></p><p></p><p> Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p><p><blockquote>Elon曾表示,他和其他人都不相信特斯拉或SpaceX会在成立之初赚很多钱。然而,正如我们上面所报道的,他的目标无论如何都不是赚钱,而是解决问题。他无视那些反对他的人,继续他的计划。</blockquote></p><p> Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p><p><blockquote>总的来说,不听批评者和反对者的话让一切变得简单多了。然后,他能够专注于他的信仰和真正重要的事情。</blockquote></p><p> So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p><p><blockquote>到目前为止,市场似乎对埃隆的努力表示赞赏。2014年10月,投资银行摩根士丹利对SpaceX的估值约为1000亿美元。</blockquote></p><p> <b>The Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p><p><blockquote>埃隆·马斯克因许多事情而闻名;工作狂就是其中之一。他每周工作 120 小时,以确保公司生产按计划进行。然而,他也确保一路上享受自己的生活。他的努力并非没有争议,也并非总是置身事外。一路上也出现了更多的问题,其中最重要的是新冠肺炎疫情关闭了特斯拉在三藩市的生产。</blockquote></p><p> Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p><p><blockquote>尽管有这一切和一些不稳定的行为,埃隆似乎比以往任何时候都更强大。他仍然是一个雄心勃勃的企业家,并且没有放慢脚步的迹象。他取得了如此多的成功和解放思想,无疑是所有崭露头角的企业家、投资者和思想家的灵感来源。</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 Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</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 Elon Musk is One of the Most Influential People in Finance Markets<blockquote>为什么埃隆·马斯克是金融市场最有影响力的人物之一</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-09-21 09:18</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.</p><p><blockquote>每个行业的无数人都会在其他人中留下印记。金融行业的趋势和人物对无数人的生活产生了更大的影响,但这还不止于此。有影响力的人的财务决策通常会影响他们的追随者做出自己的财务决策的方式,包括那些正在寻找出租公寓投资机会的人。埃隆·马斯克是金融行业最具影响力的人之一。有很多理由证明这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9fb1d6735f052fb25382f29efaff2d\" tg-width=\"685\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.</p><p><blockquote>调查确实声称他同时对加密市场产生了显著影响。这表明,可能有各种各样的情况有助于将这个人转变为整个金融行业的游戏规则改变者。</blockquote></p><p> <b>Who Is Elon Musk?</b></p><p><blockquote><b>埃隆·马斯克是谁?</b></blockquote></p><p> Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.</p><p><blockquote>埃隆·马斯克是世界著名企业家之一,也是许多公司的创始人。他通过他一直在谈论的汽车品牌特斯拉获得了令人难以置信的财富。此外,埃隆·马斯克现在被认为是引领全球市场的有影响力的人物之一。最近,他还被报道为世界上最富有的人。</blockquote></p><p> <b>A Glance into Elon Musk's Early Years</b></p><p><blockquote><b>回顾埃隆·马斯克的早年</b></blockquote></p><p> Undeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.</p><p><blockquote>不可否认,埃隆·马斯克在金融和发明领域都是一位成就斐然的人。但毫不奇怪,每个成功人士都需要持续的支持和鼓励来实现个人和职业发展。因此,了解埃隆从小的生活是有道理的。</blockquote></p><p> Elon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.</p><p><blockquote>埃隆的早年与他现在的生活场景大相径庭。他于1971年出生在南非城市比勒陀利亚。他在同一个城市长大。他总是一个聪明的孩子,努力尝试新事物。他的父亲是南非人,母亲是加拿大人。他们精心抚养他,因为他是所有兄弟姐妹中最聪明的。这时,他开始得到父母的鼓励和支持。</blockquote></p><p> <b>The challenges Elon faced</b></p><p><blockquote><b>埃隆面临的挑战</b></blockquote></p><p> Elon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.</p><p><blockquote>父母离婚后,埃隆大部分时间都和父亲住在一起,但他设法控制了自己的心理健康。他是一个雄心勃勃的孩子。他专注于学习,经常被其他孩子欺负成书呆子。不过,这并没有改变他的目标。他个性中不断增长的火花证明了他从成功一开始就接受了欺凌的挑战。</blockquote></p><p> Instead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.</p><p><blockquote>他没有为别人过去是如何欺负他而哭泣,而是决定利用自己好学的个性来探索更多他最感兴趣的东西。基于这个决定,埃隆确定了自己的创造力水平,并在实现一生中的里程碑方面变得势不可挡。</blockquote></p><p> <b>Education</b></p><p><blockquote><b>教育</b></blockquote></p><p> His inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.</p><p><blockquote>他对教育的倾向说明了为什么埃隆·马斯克是当今最有影响力的人。此外,他总是把自己与技术媒介联系在一起。这就是他在10岁时就完全了解编程的原因。</blockquote></p><p> Elon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.</p><p><blockquote>埃隆还在学生时代的早期设计了一款视频游戏。他后来被加拿大一所名为女王大学的大学录取。这所大学位于加拿大安大略省,他在移居美国之前曾在那里学习。</blockquote></p><p> The bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.</p><p><blockquote>这位聪明的学生在女王大学完成两年的教育后被转移到宾夕法尼亚大学。他拥有经济学和物理学学位。这两个学位都帮助他成为了我们大多数人认为可能是他有影响力的天性背后的原因的人。</blockquote></p><p> Besides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.</p><p><blockquote>此外,他本应在1995年去斯坦福大学上课,但这从未发生过。他是建立自己事业的唯一观点。这个想法帮助他成为了一名努力的企业家。</blockquote></p><p> <b>Why Elon Musk is the Most Influential</b></p><p><blockquote><b>为什么埃隆·马斯克最有影响力</b></blockquote></p><p> It will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.</p><p><blockquote>可以肯定地说,他是财富圈永不停歇的魅力,让世人津津乐道。他领导着金融市场的大脑,许多合理的理由证明了这一说法是正确的。</blockquote></p><p> Below are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"</p><p><blockquote>以下是他回答“埃隆·马斯克如何影响世界?”这个问题的一些最重要的成就。</blockquote></p><p> <b>His Impact on the Surge in Cryptocurrency Value</b></p><p><blockquote><b>他对加密货币价值飙升的影响</b></blockquote></p><p> An average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.</p><p><blockquote>普通消费者可能并不完全了解公司的决定对金融市场的影响,但这就是这里发生的事情。特斯拉确实宣布将购买大量比特币,价值约15亿美元。</blockquote></p><p> Following the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.</p><p><blockquote>做出决定后,该公司做出了一个有影响力的决定:该决定涉及如何付款。它在选择加密货币作为支付方式方面做了一些公告。</blockquote></p><p></p><p> The value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.</p><p><blockquote>加密货币的价值每隔一天就在变化,当时也是如此。然而,事情的发生却有所不同。在特斯拉汽车制造商做出重大宣布后,用户开始对购买和投资比特币货币产生更多兴趣。</blockquote></p><p> That was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.</p><p><blockquote>就在那时,比特币的市场走势突然发生了变化。在Elon宣布这一消息后,每个人都对购买比特币感兴趣,因此价格上涨了。因此,它直接指的是埃隆·马斯克作为一个强大的商业人物的权威。</blockquote></p><p> <b>Elon Started His Success Story as the Co-Founder of Tesla</b></p><p><blockquote><b>埃隆作为特斯拉的联合创始人开始了他的成功故事</b></blockquote></p><p> This is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.</p><p><blockquote>这是对他一生的主要描述,也可能是最重要的成就。当他在2004年开始给它更多的资金时,他获得了更大的成功和名气。此外,他开始与一些著名工程师合作,为特斯拉奠定了坚实的基础。</blockquote></p><p> Later on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.</p><p><blockquote>后来,在经历了合伙人之间的个人冲突后,他独自一人管理自己的业务。该公司生产了一款名为特斯拉跑车的电动汽车,给特斯拉带来了不可否认的名声。它与包括太阳能生产在内的其他贡献一起成为了一个成功的汽车品牌。</blockquote></p><p> Tesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.</p><p><blockquote>埃隆对特斯拉的发展所做的贡献一直是人们关注的焦点。多年来,直到今天,他通过生产更好、更坚固的汽车,不断超越业内同行。他的电动汽车赢得了帝国的声誉,这说明了为什么埃隆·马斯克是最有影响力的商人。</blockquote></p><p> <b>Pioneer in online payment systems</b></p><p><blockquote><b>在线支付系统的先驱</b></blockquote></p><p> In 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.</p><p><blockquote>1995年,埃隆与他的兄弟金巴尔·马斯克合作,以Zip2公司的形式创办了自己的企业。这是他的第一家公司,这次推出是他走向成功的坚实一步。尽管他的业务涉及为流行杂志(《芝加哥论坛报》和《纽约时报》)提供城市指南,但这导致了一个值得讨论的事件:埃隆将Zip2公司出售给了康柏计算机公司的一个部门。</blockquote></p><p> With $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.</p><p><blockquote>埃隆手头有 3.07 亿美元和 3400 万美元的股票,他很幸运地利用这笔钱创办了一家新企业 X.com。也就是说,他成功实现了在金融行业发声的愿景。正是由于X.com的起源,在线支付系统的概念才得以出现。埃隆成功地以PayPal的形式实现了他的概念。</blockquote></p><p> All credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.</p><p><blockquote>所有的功劳都归于埃隆,因为他创立了电子支付服务,即使他不是现任首席执行官。一段时间后,他被公司开除,但这位创始人的价值仍然完好无损。</blockquote></p><p> <b>Contributions in SpaceX</b></p><p><blockquote><b>对 SpaceX 的贡献</b></blockquote></p><p> Elon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.</p><p><blockquote>多年来,埃隆做出了许多承诺和计划,并建立了有影响力的联系,以确保未来的太空投资。此外,他还计划在2025年前与美国宇航局合作前往火星。因此,他的计划一直是一致的。</blockquote></p><p> His prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.</p><p><blockquote>他为制造可重复使用的火箭所做的主要努力是无价的。他们指的是以猎鹰9号的形式前往火星的成本较低的旅行选择。此外,该航天器设计得非常完美,并成功执行了外层空间任务。</blockquote></p><p> <b>The Idea of Making Phone Calls from Computers</b></p><p><blockquote><b>用计算机制作电话评级的想法</b></blockquote></p><p> Elon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.</p><p><blockquote>埃隆的个人成就也让世界了解了他的创造力水平。1997年,他一直关注通过电脑实现电话评级。这给了他一个尝试这个机会的机会。</blockquote></p><p> His concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.</p><p><blockquote>他的想法是将传统的计算机与座机连接起来,以节省大量的时间和精力。因此,他的努力在实际实施中得到了证明。然后,用户可以通过计算机在线访问公司的联系人。此外,这一概念采取了看涨期权中心的形式,我们看到这些中心在世界各地开展活动。</blockquote></p><p> <b>The Boring Company</b></p><p><blockquote><b>无聊公司</b></blockquote></p><p> In late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.</p><p><blockquote>2016年底,埃隆创立了无聊公司。这家公司以隧道和基础设施建设为基础。该项目的前提是,目前的交通状况是完全不可接受的,尤其是道路下有这么多未使用的空间。埃隆的想法是,没有必要在地面上旅行。</blockquote></p><p> The goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.</p><p><blockquote>该公司的目标是通过制造和使用大功率镗床来加快生产并降低隧道成本。目标还包括较小的隧道。</blockquote></p><p> In 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.</p><p><blockquote>2020年,该公司已经在拉斯维加斯、华盛顿特区、霍桑、芝加哥、巴尔的摩、洛杉矶等地区有正在进行的项目。为了获得资金,埃隆开始以无聊公司为品牌销售帽子。到2017年,他已经卖出了超过40,000顶帽子,筹集了超过84万美元。卖出5万顶帽子后,下一个产品是一个无聊的公司喷火器。每个火焰喷射器的售价为 500 美元,马斯克在几天内就筹集了 1000 万美元。</blockquote></p><p></p><p> The Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.</p><p><blockquote>这家无聊的公司还将其股份出售给早期风险投资公司,通过这种方式筹集了约 1.2 亿美元。还有其他一些资金来源,结果是到2020年2月完成了两个调谐器。这家无聊公司的未来计划也包括高速运输系统,因此我们必须继续关注更多更新。</blockquote></p><p> <b>A Few Secrets of Elon Musk’s Success</b></p><p><blockquote><b>埃隆-马斯克成功的一些秘诀</b></blockquote></p><p> Many people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:</p><p><blockquote>许多人想知道为什么埃隆的努力如此成功。他在几次采访中透露了一些成功的秘诀。现在让我们讨论一下这些教训的症结所在:</blockquote></p><p> <b>Money Is Not the Goal</b></p><p><blockquote><b>金钱不是目标</b></blockquote></p><p> For most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.</p><p><blockquote>对于今天的大多数企业家和职业建设者来说,最初的目标至少是赚尽可能多的钱。这不一定是一个消极的目标;毕竟,我们必须为必需品工作,为了维持某种生活方式。</blockquote></p><p> However, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.</p><p><blockquote>然而,埃隆说,他的商业态度并不是把钱作为所有活动的中心。事实上,他在接受采访时表示,他并不知道自己到底有多少钱。他在几个银行账户中都没有一定金额;相反,他在 SolarCity、SpaceX 和特斯拉等公司拥有一些投票权。然后,市场会对这些投票进行估值,即他在这些公司中的所有权股份。</blockquote></p><p> Elon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.</p><p><blockquote>埃隆还表示,只要过程符合道德,追求财富并没有错。然而,他坚持认为这种追求并不是他的动力。到目前为止,这种方法似乎对他和他的公司很有效。</blockquote></p><p> Tesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.</p><p><blockquote>他的公司主要生产电动汽车,取得了特别积极的进展。如果我们看看它最近的表现,特斯拉股票的价值已经飙升,现在价值超过7000亿美元。从某种意义上说,这个价值超过了通用汽车、菲亚特克莱斯勒、大众、福特、法拉利和宝马的总和。演员小罗伯特-唐尼(Robert Downy Jr.</blockquote></p><p> Interestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.</p><p><blockquote>有趣的是,埃隆在接受采访时也表示,他并不指望在生命的尽头变得富有。他计划在火星基地上花一大笔钱。这个项目可能会占用他一生的收入,他已经做好了心理准备。事实上,他认为这是最好的办法,而不是带着数十亿美元离开人世。</blockquote></p><p> <b>Making Sure to Pursue Your Passion</b></p><p><blockquote><b>确保追求你的激情</b></blockquote></p><p> Speaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.</p><p><blockquote>说到火星基地,这项努力是埃隆认为的最终成功。他认为,既然我们都希望未来在各方面都更加令人兴奋、发达和更好,我们就必须从今天开始做出必要的努力。</blockquote></p><p> His company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.</p><p><blockquote>他的公司SpaceX就是这种努力的一个很好的例子。埃隆创办这家公司是出于挫败感和雄心壮志,因为他觉得美国的太空计划不够雄心勃勃。他的期望是定期超越地球大气层;把人送上火星,开发月球基地,并定期执行轨道任务。</blockquote></p><p> Elon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.</p><p><blockquote>埃隆并不满足于失望,而是在有能力的情况下开始着手 “火星绿洲任务 ”。这次任务的目的是在火星上建造一个温室。虽然温室很小,但主要的想法是再次激发公众对太空的兴奋。这里的另一个动机是说服美国政府给美国宇航局分配更高的预算。</blockquote></p><p> During these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.</p><p><blockquote>然而,在这些努力中,埃隆意识到太空探索的问题更多地与财政有关,而不是公共利益。他发现所需的技术比绝对必要的技术要昂贵得多。从那里,他开始了他的SpaceX业务,这是迄今为止最具成本效益的火箭发射企业。</blockquote></p><p> Again, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.</p><p><blockquote>同样,他的主要目标不是尽可能多地赚钱,而是让一个人登上火星。埃隆并不认为自己的努力是一个想从投资中获得最大收益的投资者。相反,他的工作是工程师的工作,解决紧迫技术问题的热情是他每天早上起床的动力。</blockquote></p><p> Elon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.</p><p><blockquote>埃隆还记住,他克服的每一个商业障碍也将有助于那些试图处理同样问题的人。这就是为什么在 2014 年,他宣布将开放特斯拉的所有专利。有了这些专利,电动汽车可以在世界各地变得广泛和更容易制造。</blockquote></p><p> While there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.</p><p><blockquote>虽然这种开源理念有一定的条件,但事实仍然是,这一举措将帮助我们所有人制造更环保的汽车。同样,主要目标不是让特斯拉成为垄断企业并对电动汽车收取溢价。相反,这是为了帮助人们更容易、更便宜地获得不会这么快毁灭地球的车辆。</blockquote></p><p> <b>Taking the Chance to Think Big</b></p><p><blockquote><b>抓住机会大胆思考</b></blockquote></p><p></p><p> The discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.</p><p><blockquote>到目前为止的讨论已经向我们展示了埃隆的想法有多大。更令人印象深刻的是,他不怕思考这些想法,并努力将这些想法付诸实践。有些人甚至会把这种想法贴上过于大胆甚至荒谬的标签,但埃隆已经证明他们是错误的。</blockquote></p><p> Just a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.</p><p><blockquote>我们通常与埃隆·马斯克联系在一起的几个想法包括彻底改变全球汽车工业、进入火星、在真空隧道内建造极快的火车、改变电池和太阳能行业,以及将人工智能集成到人脑中。</blockquote></p><p> Do we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.</p><p><blockquote>我们看到这里出现了一种模式吗?所有这些想法和项目都是未来主义的,嵌入了先进的技术,甚至本质上是幻想的。埃隆的一些想法和梦想几乎就像 20 世纪 80 年代科幻杂志上的概念。</blockquote></p><p> Elon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.</p><p><blockquote>埃隆实际上受到了他童年时喜欢的科幻电影和书籍的启发。随着年龄的增长,这种灵感变成了雄心壮志。在他走向成功的过程中,他得到的印象是,大多数公司的雄心壮志非常低,这对他们的激励结构产生了不利影响。</blockquote></p><p> As a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.</p><p><blockquote>因此,许多企业在增量主义系统中运营,这意味着他们的目标只是适度的改进,并且需要很长时间才能实现。埃隆指出,如果有人是一家大公司的首席执行官或所有者,浪费时间进行改进,他们就不会承担责任。他们只会将责任转移到供应商、工人或其他从属方身上。</blockquote></p><p> On the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.</p><p><blockquote>另一方面,埃隆也指出,如果有人很勇敢,想要进行突破性的创新或改进,他们也会承担所有的责任。如果这个大胆的想法没有奏效,首席执行官几乎肯定会被解雇。这就是为什么许多公司只关注小的发展步骤,而不是追求有可能带来重大变革的重大创新。他们也宁愿在现有产品上下功夫,也不愿想象新的、独特的产品,除非他们先覆盖了所有的基地。</blockquote></p><p> Keeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).</p><p><blockquote>考虑到这一切,埃隆的建议是致力于未来重要的事情。在他的个人层级中,埃隆本人希望加快全球从不可再生化石燃料向更环保、更持久的替代品的转变。接下来,他想致力于殖民火星,并可能使人类在行星上生活成为可能。这是为了确保人类生存的时间比现在预测的时间长得多(化石燃料耗尽,地球变暖)。</blockquote></p><p> <b>Getting Ready for Risks</b></p><p><blockquote><b>为风险做好准备</b></blockquote></p><p> With big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.</p><p><blockquote>伟大的想法伴随着巨大的风险,埃隆说人们必须为此做好准备。他自己也处理了一些巨大的风险,证明了自己有赢得比赛的底气。</blockquote></p><p> For example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.</p><p><blockquote>例如,2002年,他出售了自己在Zip2和PayPal的股份。这些是他的第一次冒险,当时他三十出头,名下有大约2亿美元。</blockquote></p><p> His plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.</p><p><blockquote>他此时的计划是将一半的钱投资于商业,其余的钱靠自己生活。然而,就他的商业生活而言,这个阶段也是最黑暗的阶段。</blockquote></p><p> While he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.</p><p><blockquote>虽然他没有很多新业务,但这正是他们遇到几个问题的时候。SpaceX发射了三次,每次都失败了。特斯拉在设计、供应链和生产方面面临着各种各样的问题。</blockquote></p><p> Elon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.</p><p><blockquote>最重要的是,埃隆还面临着金融危机,做出了艰难的选择。他要么继续舒适地生活,让他的生意消亡,要么他可以投资这一切,给他的想法一个生存的机会。</blockquote></p><p> We all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.</p><p><blockquote>我们都知道接下来发生了什么;埃隆冒了险,投入了他为自己准备的钱。他还欠了债,最后向朋友借钱只是为了一些生活费。</blockquote></p><p> Bankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.</p><p><blockquote>破产的可能性很大,但埃隆表示他并不太害怕。他说,如果他的孩子必须上公立学校而不是私立学校,那就不是世界末日了。毕竟,埃隆自己也是一个公立学校的孩子。</blockquote></p><p> <b>Ignore Those Who Criticize</b></p><p><blockquote><b>忽略那些批评的人</b></blockquote></p><p> While bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.</p><p><blockquote>虽然破产并没有让埃隆失望,但他确实表示,当他已经陷入困境时,某些批评者的干涉让他感到震惊。几个博客网站甚至在特斯拉上设立了死亡守望,其他人认为埃隆本人太傲慢了,不值得成功。</blockquote></p><p> However, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.</p><p><blockquote>然而,埃隆否认他或他的团队曾经傲慢。他只是说他们渴望实现某个目标,并不是说他们一定会达到那个目标。因此,他的下一个成功秘诀是不听批评者的话;至少,不会是那些为你可能的失败而高兴的人。</blockquote></p><p></p><p> Elon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.</p><p><blockquote>Elon曾表示,他和其他人都不相信特斯拉或SpaceX会在成立之初赚很多钱。然而,正如我们上面所报道的,他的目标无论如何都不是赚钱,而是解决问题。他无视那些反对他的人,继续他的计划。</blockquote></p><p> Overall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.</p><p><blockquote>总的来说,不听批评者和反对者的话让一切变得简单多了。然后,他能够专注于他的信仰和真正重要的事情。</blockquote></p><p> So far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.</p><p><blockquote>到目前为止,市场似乎对埃隆的努力表示赞赏。2014年10月,投资银行摩根士丹利对SpaceX的估值约为1000亿美元。</blockquote></p><p> <b>The Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Elon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.</p><p><blockquote>埃隆·马斯克因许多事情而闻名;工作狂就是其中之一。他每周工作 120 小时,以确保公司生产按计划进行。然而,他也确保一路上享受自己的生活。他的努力并非没有争议,也并非总是置身事外。一路上也出现了更多的问题,其中最重要的是新冠肺炎疫情关闭了特斯拉在三藩市的生产。</blockquote></p><p> Despite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.</p><p><blockquote>尽管有这一切和一些不稳定的行为,埃隆似乎比以往任何时候都更强大。他仍然是一个雄心勃勃的企业家,并且没有放慢脚步的迹象。他取得了如此多的成功和解放思想,无疑是所有崭露头角的企业家、投资者和思想家的灵感来源。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150093379","content_text":"Numerous people in every industry leave a mark among others. The trends as well as people in the finance industry create a bigger impact on the lives of countless people, but it doesn't stop here. The financial decisions of influential people often affect the way their followers make their own financial decisions, including those who are looking for investment opportunities regarding apartments for rent. Elon Musk is one of them who exhibits the strongest hold in the finance industry. There are bundles of reasons to prove it.\n\nSurveys do claim that he has a noticeable impact on the crypto market simultaneously as well. This indicates that there might be various situations that contribute to transforming this man into a game-changer for the entire finance industry.\nWho Is Elon Musk?\nElon Musk is one of the world-famous entrepreneurs and the founder of many companies. He gained incredible wealth through the brand of his ever-spoken car, Tesla. Also, Elon Musk is now known as one of the influential people leading the global market. Recently, he was alsoreportedto be the richest person in the world.\nA Glance into Elon Musk's Early Years\nUndeniably, Elon Musk has been a high achiever in the world of finance as well as inventions. But it’s no surprise that every successful person needs a consistent level of support and encouragement for personal and professional growth. Therefore, it makes sense to know about what Elon’s life must have been since he was a child.\nElon’s early years were way different from his current life scenarios. He was born in 1971 in the South African city, Pretoria. He was brought up in the same city. He was always a bright child endeavoring to try new things. His father was a South African while his mother was a Canadian. They nurtured him with care as he was the brightest of all his siblings. This was when he started receiving encouragement and support from his parents.\nThe challenges Elon faced\nElon mostly lived with his father after his parent's divorce, but he managed to get hold of his mental health. He was a child with huge ambitions. Having a keen focus on his studies, he was often bullied as a bookworm by the other children. This did not divert his goals, though. The ever-growing spark in his personality was proof that he accepted bullying challenges right from the start of his success.\nInstead of crying over how others used to bully him, he decided to take his studious personality as an opportunity to explore more about what interests him the most. Based on this decision, Elon identified his level of creativity, and became unstoppable in achieving milestones throughout his life.\nEducation\nHis inclination towards education tells why Elon Musk is the most influential person today. Besides, he always associated himself with the medium of technology. That is the reason why he was fully aware of programming when he was just 10.\nElon also designed a video game in a very early period of his life as a student. He was later enrolled in a Canadian university called Queen's University. The university is situated in the Canadian state called Ontario, where he studied before moving to the U.S.\nThe bright student was shifted to the University of Pennsylvania after completing his two years of education at Queen's University. He holds a degree in Economics and Physics. Both degrees helped him become the person that most of us think can be the reason behind his influential nature.\nBesides, he was supposed to attend his classes at Stanford University in 1995, but that never happened. He was of the only view of establishing his business. This thought helped him turn into a striving entrepreneur.\nWhy Elon Musk is the Most Influential\nIt will be positive to say that he is a never-ending charm in the wealth circle for the world to talk about. He is leading the brains operating in the finance market, and many legit reasons prove this statement true.\nBelow are some of his most significant achievements answering the question, \"how did Elon Musk influence the world?\"\nHis Impact on the Surge in Cryptocurrency Value\nAn average consumer might not fully understand the impact of a company’s decision on the financial market, but that's what happened here. Tesla did announce that it is going to purchase some significant amount, around $1.5 billion equivalent worth of Bitcoins.\nFollowing the decision, the company made an impactful decision: the decision involved how the payment is going to be made. It made a couple of announcements in terms of selecting cryptocurrency as the method of payment.\nThe value of cryptocurrency keeps changing every other day, and that was the case at that time too. However, it occurred differently. Users started taking more interest in purchasing and investing in the Bitcoin currency after the big announcement of Tesla car makers.\nThat was the point when the market trend of Bitcoin suddenly changed. The price was on the hike as everyone was taking interest in Bitcoin purchases after the announcement by Elon. Therefore, it directly refers to the authority of Elon Musk as a strong business figure.\nElon Started His Success Story as the Co-Founder of Tesla\nThis is the primary account of his life and possibly the most significant achievement. He gained enhanced success and fame as he started giving it more funding back in 2004. Besides, he started collaborating with some renowned engineers forming a solid foundation for Tesla.\nLater on, he was left alone as the only person managing his business after experiencing personal clashes among his partners. The company produced an electric vehicle with the name Tesla Roadster giving Tesla undeniable fame. It turned into a successful automotive brand along with its other contributions including solar energy production.\nTesla has always remained in the spotlight with Elon’s dedicated contributions in terms of its progression. He constantly kept outperforming his counterparts in the industry by producing better and reinforced cars over the years till today. His electric cars gained imperial fame telling why Elon Musk is the most influential businessman.\nPioneer in online payment systems\nIn 1995, Elon partnered with Kimbal Musk, his brother to start his own business in the form of Zip2 Corporation. This was his very first company and the launch was a strong step towards the achievement of his success. Though his business dealt with providing a city guide for popular magazines (Chicago Tribune and the New York Times), it led to an event worth discussing: Elon sold Zip2 Corporation to one of the divisions of Compaq Computer Corporation.\nWith $307 million on hand and $34 million in the form of shares, Elon was fortunate enough to utilize the money in launching a new venture, X.com. That said, he successfully implemented his vision of making a statement in the finance industry. It was the origin of X.com because of which the concept of online payment systems came into existence. Elon successfully materialized his concept in the shape of PayPal.\nAll credits go in Elon's bucket as he founded the e-payment service even when he was not the current CEO. He was expelled from the firm after some time but the founder's value remained intact.\nContributions in SpaceX\nElon has made many commitments and plans over the years with impactful connections making sure about the future space ventures. Also, he planned a collaboration trip with NASA to Mars by 2025. Therefore, he has been consistent about his planning.\nHis prime efforts toward building reusable rockets are priceless. They refer to less-costly travel options to Mars in the shape of Falcon 9. Besides, the spacecraft has been engineered to perfection and has carried out successful outer space missions.\nThe Idea of Making Phone Calls from Computers\nElon’s personal achievements also led the world to know about the level of creativity he had. In 1997, he was always concerned about enabling phone calls through computers. That gave him a chance to try out this opportunity.\nHis concept was to connect conventional computer machines with landlines to save a considerable amount of time and effort. Hence, his efforts proved in the shape of its practical implementation. Users could then access a company's contact online through a computer. Besides, this concept took the form of call centers that we see running campaigns around the world.\nThe Boring Company\nIn late 2016, Elon founded The Boring Company. This company is based on tunnel and infrastructure construction. The premise for this project was that the current traffic state is simply not acceptable, especially since there’s so much unused space beneath roadways. Elon's idea here was that it’s not necessary to travel above the ground.\nThe goal of this company is to speed up production and reduce tunneling costs by creating and using high-powered boring machines. The aim also includes smaller tunnels.\nIn 2020, the company already had projects in progress in Las Vegas, Washington, D.C, Hawthorne, Chicago, Baltimore, Los Angeles, and more areas. For the funding, Elon started to sell hats with The Boring Company as a brand. By 2017, he had sold over 40,000 hats and raised upwards of $840,000. After selling 50,000 hats, the next product was a Boring Company flamethrower. With each flamethrower priced at $500, Musk managed to raise $10 million in a matter of days.\nThe Boring Company also sold its shares to early-stage venture capital firms, raising around $120 million that way. There were a few other sources for funds as well, with the result being the completion of two tuners by February 2020. A high-speed transit system is also in the future plans for the Boring Company, so we’d have to stay alert for more updates.\nA Few Secrets of Elon Musk’s Success\nMany people have wondered just why Elon has been so successful in his efforts. He has revealed some of his secrets to success in a few interviews. Let’s now discuss the crux of these lessons:\nMoney Is Not the Goal\nFor most entrepreneurs and career builders today, the initial aim at least is making as much money as possible. This isn’t necessarily a negative goal; after all, we have to work for necessities and in order to maintain a certain lifestyle.\nHowever, Elon says that his business attitude does not have money as the centre of all activity. In fact, in his interviews, he stated that he wasn’t aware of exactly how much money he had. He didn’t have a certain amount in several bank accounts; rather, he has some votes in companies like SolarCity, SpaceX, and Tesla. The marketplace then would place value on these votes, i.e., his ownership shares in these companies.\nElon also states that there’s nothing wrong in pursuing wealth, provided that the process is ethical. However, he does maintain that this pursuit is not what motivates him. This is the sort of approach that seems to work well for him and his companies so far.\nTesla, his company that produces mostly electric cars, has seen particularly positive progress. If we look at how it's performed of late, the Tesla shares have shot up in value and are now worth over $700 billion. For a bit of perspective, this value is more than that of General Motors, Fiat Chrysler, Volkswagen, Ford, Ferrari, and BMW combined. With such success and wealth, it’s no wonder that the actor Robert Downy Jr. used Elon as the inspiration for his portrayal of Iron Man.\nInterestingly, Elon has also said in an interview that he doesn’t really expect to be rich at the end of his life. He plans to spend a large chunk of his money on a Mars base. The project might take up all his life earnings, and he is mentally prepared for that to happen. In fact, he regards this as the best way to go, instead of passing away with billions still left in his bank accounts.\nMaking Sure to Pursue Your Passion\nSpeaking of the Mars base, this endeavor is what Elon believed to be the ultimate success. He feels that since we all want the future to be more exciting, developed, and better in every way, we have to make the required efforts starting today.\nHis company SpaceX is a great example of such efforts. Elon set up this company due to a sense of frustration and ambition, as he felt that the space program in the U.S. wasn’t ambitious enough. His expectations were to go beyond the Earth atmosphere on a regular basis; putting people on Mars, developing a Moon base, and working on regular missions to orbit.\nElon didn’t settle for being disappointed, but started working on the “Mars Oasis Mission” when he was able to. This mission’s aim was to get a greenhouse to Mars. While the greenhouse was a small one, the main idea was to initiate excitement about space in the public once again. Another motivation here was to convince the U.S. government to allocate a higher budget to NASA.\nDuring these endeavors, however, Elon realized that the issue of space exploration was more related to finances rather than public interest. He saw that the technology required was a lot more pricey than absolutely necessary. From there, he started his SpaceX business, which is the most cost-effective rocket-launching venture so far.\nAgain, the main goal was not to make as much money as he could, but to get a person on the planet Mars. Elon doesn’t really regard his effort as that of an investor who wants to make the most out of his investment. Rather, his work is that of an engineer, and the passion to solve pressing technical problems is what motivates him to get up every morning.\nElon also keeps in mind that every business hurdle he overcomes will also help those who are trying to deal with the same issues. This is why, in 2014, he announced that all of Tesla’s patents were going to be opened up. With these patents, electric vehicles can become widespread and easier to make all over the world.\nWhile there are certain conditions linked to this open-source philosophy, the fact remains that this move will help us all make more environmentally-friendly vehicles. Again, the main goal is not to have Tesla become a monopoly and charge a premium for electric cars. Rather, it is to help the people have easier and cheaper access to vehicles that won’t destroy the planet so quickly.\nTaking the Chance to Think Big\nThe discussion so far has shown us just how big Elon’s ideas are. What’s even more impressive is that he’s not afraid to think about them and works towards the implementation of these ideas. Some might even label such ideas as being too audacious and even ludicrous, but Elon has proven them wrong.\nJust a few of the ideas we usually link to Elon Musk include revolutionizing the global car industry, having access to Mars, building extremely fast trains within vacuum tunnels, changing the battery and solar power industries, and integrating artificial intelligence into the human brain.\nDo we see a pattern emerging here? All these ideas and projects are futuristic, embedded in advanced technology, and even fantastical in nature. Some of Elon’s ideas and dreams are almost like concepts from a science fiction magazine back in the 1980s.\nElon actually was inspired by the movies and books in the sci-fi genre that he enjoyed in his childhood. This inspiration turned into ambition as he grew older. During his climb to success, he got the impression that most companies had very low ambitions, which had an adverse effect on their incentive structures.\nAs a result, many businesses were operating in an incrementalist system, which means that they aimed for only modest improvements and took a long time to get there. Elon noted that if someone was the CEO or owner of a large company and wasted time in improving, they won’t be taking the blame. They’ll only shift the responsibility on the suppliers, workers, or some other subordinate party.\nOn the other hand, Elon also noted that if someone was brave and wanted to go for a breakthrough innovation or improvement, they would take all of the responsibility as well. If the bold idea didn’t work out, the CEO will almost surely be fired. This is why so many companies would only focus on small development steps rather than going for major innovations that have the potential to bring about major change. They’d also rather work on their existing products and not imagine something new and unique unless they’ve covered all their bases first.\nKeeping all this in mind, Elon’s advice is to work on what will matter in the future. In his personal hierarchy, Elon himself wants to fast-forward a global transition from non-renewable fossil fuels to more planet-friendly and long-lasting alternatives. Next, he wants to work upon colonizing Mars and possibly making human life possible across planets. This is to ensure that humanity survives for much longer than the predicted time now (with fossil fuels running out and the planet heating up).\nGetting Ready for Risks\nWith big ideas come big risks, and Elon says that one has to be ready for them. He has dealt with some huge risks himself, proving that he has the skin to win the game.\nFor example, in 2002, he sold his holdings in Zip2 and PayPal. These were his first ventures, and he was in his early thirties with around 200 million dollars to his name.\nHis plan at this point was to invest half the money in business and live on the rest. However, this phase was also the darkest one as far as his business life was concerned.\nWhile he didn’t have a lot of new businesses, this was the part when they were experiencing several problems. SpaceX was launched thrice and failed each time. Tesla was facing all sorts of issues with their design, supply chains, and production.\nElon also faced a financial crisis on top of everything else, and had a difficult choice. He could either keep living comfortably and let his businesses die, or he could invest it all and give his ideas a chance to live.\nWe all know what happened next; Elon took the risk and poured in the money he meant for himself. He also got into debt, and ended up borrowing money from his friends just for some living expenses.\nBankruptcy was very much a possibility here, but Elon states that he wasn’t too frightened by it. He said that if his kids had to attend a government school instead of a private one, it wouldn’t be the end of the world. After all, Elon himself was a government school kid.\nIgnore Those Who Criticize\nWhile bankruptcy didn't make Elon disappointed, he did say that he was shocked by how certain critics interfered when he was struggling already. Several blog sites even had a death watch on Tesla, and other people thought that Elon himself was too arrogant to deserve success.\nHowever, Elon rejects the idea that he or his teams were ever arrogant. He only said that they were aspiring to achieve a certain goal, not that they would definitely get there. Therefore, his next secret of success is not to listen to the critics; at least, not the ones who delight in your possible failure.\nElon has said that neither he nor anyone else really believed that Tesla or SpaceX will make a lot of money at the point of setting up. However, as we’ve covered above, his aim isn't to make money anyway, but to solve problems. He ignored those who were against him and went forward with his plans.\nOverall, not listening to critics and naysayers made everything much simpler. He was then able to focus on his beliefs and what really mattered.\nSo far, the market seems to be appreciating Elon’s efforts. In October 2014, SpaceX was valued at around $100 billion by Morgan Stanley, the investment bank.\nThe Takeaway\nElon Musk is famed for many things; being a workaholic is among them. He has worked 120 hours a week to ensure that his companies’ production stays on track. However, he also makes sure to enjoy his life along the way. His efforts are not without controversy, nor has he always stayed out of trouble. There have also been more problems along the way, not the least of which was the COVID-19 pandemic shutting down Tesla production in San Francisco.\nDespite all this and some erratic behavior, Elon seems to have come out stronger than ever. He remains an ambitious entrepreneur, and shows no signs of slowing down. With so much success and liberating ideas for moving forward, he’s certainly an inspiration to all budding entrepreneurs, investors, and thinkers.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887787766,"gmtCreate":1632100190355,"gmtModify":1632802864724,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"More volatility expected this week","listText":"More volatility expected this week","text":"More volatility expected this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/887787766","repostId":"1194891884","repostType":4,"repost":{"id":"1194891884","kind":"news","pubTimestamp":1632091615,"share":"https://www.laohunote.com/m/news/1194891884?lang=zh_CN&edition=full","pubTime":"2021-09-20 06:46","market":"us","language":"en","title":"Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194891884","media":"Barrons","summary":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also","content":"<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</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>Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</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\">\nNike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-20 06:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2\">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":{"FDX":"联邦快递",".SPX":"S&P 500 Index","NKE":"耐克",".DJI":"道琼斯","CRM":"赛富时","ADBE":"Adobe","COST":"好市多",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194891884","content_text":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.\nLennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.\nThe Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.\nEconomic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.\nMonday 9/20\nLennar reports third-quarter fiscal-2021 results.\nMerck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.\nThe National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.\nTuesday 9/21\nAdobe, AutoZone, and FedEx release earnings.\nBiogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.\nThe Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.\nWednesday 9/22\nThe FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.\nGeneral Mills reports first-quarter fiscal-2022 results.\nBoston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.\nTheBank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.\nThe National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.\nThursday 9/23\nAccenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.\nSalesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.\nThe Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.\nFriday 9/24\nKansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,".DJI":0.9,"CRM":0.9,".IXIC":0.9,"NKE":0.9,".SPX":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":1482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887782208,"gmtCreate":1632100005004,"gmtModify":1632802868240,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"More volatility expected this week","listText":"More volatility expected this week","text":"More volatility expected this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/887782208","repostId":"1194891884","repostType":4,"repost":{"id":"1194891884","kind":"news","pubTimestamp":1632091615,"share":"https://www.laohunote.com/m/news/1194891884?lang=zh_CN&edition=full","pubTime":"2021-09-20 06:46","market":"us","language":"en","title":"Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194891884","media":"Barrons","summary":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also","content":"<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</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>Nike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</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\">\nNike, Costco, FedEx, Salesforce, and Other Stocks for Investors to Watch This Week<blockquote>耐克、好市多、联邦快递、Salesforce 和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-20 06:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.</p><p><blockquote>本周的重头戏将是美联储 9 月份的政策会议。投资者还将关注多项企业财报发布、投资者日和最新经济数据。</blockquote></p><p> Lennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.</p><p><blockquote>Lennar 将于周一公布季度收益,随后 Adobe、AutoZone 和 FedEx 将于周二公布业绩。通用磨坊周三发布报告,耐克、埃森哲、好市多批发和达顿餐厅周四发布报告。本周的投资者日包括周二的百健、周三的惠好和周四的 Salesforce.com。</blockquote></p><p> The Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.</p><p><blockquote>美联储货币政策委员会将于本周二和周三召开会议。央行不太可能改变其目标利率区间,但可能会更新其开始减少每月资产购买的计划。周三下午美联储主席杰罗姆-鲍威尔(Jerome Powell)的新闻发布会将受到密切关注。</blockquote></p><p> Economic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.</p><p><blockquote>本周公布的经济数据包括世界大型企业联合会周四公布的 8 月份领先经济指数。美国房地产市场还将发布多项最新消息,包括周一公布的全国房屋建筑商协会(National Association of Home Builders)9 月份住房市场指数、周二公布的人口普查局(Census Bureau)8 月份新住宅建设数据以及周三公布的全国房地产经纪人协会(National Association of Realtors)8 月份成屋销售数据。</blockquote></p><p> <b>Monday 9/20</b></p><p><blockquote><b>9/20星期一</b></blockquote></p><p> Lennar reports third-quarter fiscal-2021 results.</p><p><blockquote>Lennar 报告 2021 财年第三季度业绩。</blockquote></p><p> Merck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.</p><p><blockquote>默克公司在欧洲肿瘤医学学会 2021 年大会上展示了其癌症药物组合的数据。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.</p><p><blockquote><b>全国协会</b>Home Builders 发布 9 月份房地产市场指数。经济学家预测读数为 73,比 8 月份的数字低 2 个百分点,8 月份是一年多来的最低值。</blockquote></p><p> <b>Tuesday 9/21</b></p><p><blockquote><b>9月21日星期二</b></blockquote></p><p> Adobe, AutoZone, and FedEx release earnings.</p><p><blockquote>Adobe、AutoZone 和联邦快递发布财报。</blockquote></p><p> Biogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.</p><p><blockquote>百健举办投资者日活动,讨论其神经科学疗法管道。</blockquote></p><p> <b>The Census Bureau</b> reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.</p><p><blockquote><b>人口普查局</b>8月份新住宅建设报告。普遍估计,经季节性调整后的新屋开工年率为 155 万套,比 7 月份的水平高出 1%。新屋开工率低于今年 3 月达到的金融危机后峰值 172.5 万套。</blockquote></p><p> <b>Wednesday 9/22</b></p><p><blockquote><b>9月22日星期三</b></blockquote></p><p> <b>The FOMC announces</b> its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.</p><p><blockquote><b>联邦公开市场委员会宣布</b>其货币政策决定。美联储可能会将联邦基金利率维持在接近于零的水平不变,但可能会暗示将在今年晚些时候削减资产购买。</blockquote></p><p> General Mills reports first-quarter fiscal-2022 results.</p><p><blockquote>通用磨坊公布 2022 财年第一季度业绩。</blockquote></p><p> Boston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.</p><p><blockquote>波士顿科学、惠好和百胜中国控股公司举办 2021 年投资者日。</blockquote></p><p> <b>TheBank of Japan</b> announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.</p><p><blockquote><b>日本银行</b>宣布货币政策决定。人们普遍预计日本央行将维持其关键短期利率在负0.1%不变,因为由于新冠肺炎德尔塔变异毒株,东京都和其他地区在9月底前仍处于紧急状态。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.</p><p><blockquote><b>全国协会</b>房地产经纪人报告8月份的现房销售情况。经季节性调整后,预计全年售出房屋57.8万套,比7月份的59.9万套下降3.5%。</blockquote></p><p> <b>Thursday 9/23</b></p><p><blockquote><b>9月23日星期四</b></blockquote></p><p> Accenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.</p><p><blockquote>埃森哲、好市多批发、达顿餐厅和耐克公司在评级举行会议,讨论他们的季度业绩。</blockquote></p><p> Salesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.</p><p><blockquote>Salesforce.com 举办 2021 年投资者日。首席执行官马克·贝尼奥夫和Slack首席执行官斯图尔特·巴特菲尔德将出席。Salesforce 今年夏天完成了对 Slack 的 280 亿美元收购。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.</p><p><blockquote><b>会议委员会</b>发布8月份领先经济指数。经济学家预测,继 7 月份上涨 0.9% 之后,环比上涨 0.5%。世界大型企业联合会目前预计 2021 年国内生产总值增长 6%,2022 年增长 4%。</blockquote></p><p> <b>Friday 9/24</b></p><p><blockquote><b>9月24日星期五</b></blockquote></p><p> Kansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.</p><p><blockquote>堪萨斯城南方公司召开特别股东大会,就与加拿大太平洋铁路公司的合并提案进行投票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2\">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":{"FDX":"联邦快递",".SPX":"S&P 500 Index","NKE":"耐克",".DJI":"道琼斯","CRM":"赛富时","ADBE":"Adobe","COST":"好市多",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/nike-costco-fedex-salesforce-and-other-stocks-for-investors-to-watch-this-week-51632078208?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194891884","content_text":"The main event this week will be the Federal Reserve’s September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.\nLennar reports quarterly earnings on Monday, followed by results from Adobe, AutoZone, and FedEx on Tuesday. General Mills goes on Wednesday, then Nike, Accenture, Costco Wholesale, and Darden Restaurants report on Thursday. Investor days this week include Biogen on Tuesday, Weyerhaeuser on Wednesday, and Salesforce.com on Thursday.\nThe Federal Reserve’s monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon’s press conference with Fed chair Jerome Powell will be closely watched.\nEconomic data out this week include the Conference Board’s Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders’ Housing Market Index for September on Monday, the Census Bureau’s new residential construction data for August on Tuesday, and the National Association of Realtors’ existing-home sales for August on Wednesday.\nMonday 9/20\nLennar reports third-quarter fiscal-2021 results.\nMerck presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology’s 2021 Congress.\nThe National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August’s figure, which was the lowest in more than a year.\nTuesday 9/21\nAdobe, AutoZone, and FedEx release earnings.\nBiogen hosts an investor day to discuss its pipeline of neuroscience therapeutics.\nThe Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post–financial crisis peak of 1.725 million, reached in March of this year.\nWednesday 9/22\nThe FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.\nGeneral Mills reports first-quarter fiscal-2022 results.\nBoston Scientific,Weyerhaeuser, and Yum China Holdings host their 2021 investor days.\nTheBank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.\nThe National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July’s 599,000.\nThursday 9/23\nAccenture, Costco Wholesale, Darden Restaurants, and Nike hold conference calls to discuss their quarterly results.\nSalesforce.com holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.\nThe Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.\nFriday 9/24\nKansas City Southernhosts a special shareholder meeting to vote on a proposed merger withCanadian Pacific Railway.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,".DJI":0.9,"CRM":0.9,".IXIC":0.9,"NKE":0.9,".SPX":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":1417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869580183,"gmtCreate":1632303319542,"gmtModify":1632801389611,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"Next is car financing😏","listText":"Next is car financing😏","text":"Next is car financing😏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/869580183","repostId":"1135042460","repostType":4,"isVote":1,"tweetType":1,"viewCount":1695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817561316,"gmtCreate":1630975658435,"gmtModify":1631891003113,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"A good read[Strong] ","listText":"A good read[Strong] ","text":"A good read[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817561316","repostId":"1186375251","repostType":4,"repost":{"id":"1186375251","kind":"news","pubTimestamp":1630909435,"share":"https://www.laohunote.com/m/news/1186375251?lang=zh_CN&edition=full","pubTime":"2021-09-06 14:23","market":"us","language":"en","title":"3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186375251","media":"seekingalpha","summary":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correcti","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Markets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.</li> <li>As markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.</li> <li>What should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?</li> <li>In this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5f0c9f1aacfbc6d8c78d0e84da5fc9\" tg-width=\"1536\" tg-height=\"878\" width=\"100%\" height=\"auto\"><span>phive2015/iStock via Getty Images</span></p><p><blockquote><ul><li>市场每周继续创下历史新高,并且在 200 多个交易日中没有出现明显的调整。</li><li>随着市场反弹,许多投资者开始固步自封,而处于历史高点的投资决策实际上比以往任何时候都更加重要。</li><li>在当今的市场上,你应该注意什么?你应该以这些高估的价格抛售,还是今天买入仍然能获得丰厚的回报?</li><li>在这篇文章中,我将分享我关于如何在今天这样的历史高点进行投资的三条黄金法则。这些信息对你未来在市场上创造财富非常有价值。</li></ul><p class=\"t-img-caption\"><span>phive2015/iStock 来自盖蒂图片社</span></p></blockquote></p><p> The stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.</p><p><blockquote>2021年股市一路狂飙。8月底,标普500指数(SPDR标普500指数ETF)年初至今上涨20.4%。有趣的是,该指数一直在非常狭窄的上涨区间内交易,并且在208个交易日中没有出现5%的修正。虽然大多数投资者并不认为这是一种异常现象,但实际上却是。这两种事件在股市历史上只发生过7次。我们显然生活在一个不正常的时代。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58ccc72065c84083443d6be7f03482a\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Each day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.</p><p><blockquote>每天仔细考虑你所做的投资决策是很重要的。最重要的是,所有的购买或销售都会影响你未来在市场上的财富积累。</blockquote></p><p> However, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.</p><p><blockquote>然而,在像今天这样的极端反弹期间,反思你的投资决策更加重要。问问那些在互联网泡沫期间承担高风险或在 Covid-19 崩盘期间恐慌性抛售的投资者。这无疑对他们的长期回报产生了巨大影响。</blockquote></p><p> The importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.</p><p><blockquote>今天的投资决策对你的长期回报很重要,这就是为什么我选择写我关于如何在历史高点投资的三条黄金法则。你应该如何对待今天的市场,你应该注意什么?你应该以这些高估的价格卖出并等待调整发生,还是在这些水平买入时仍然能产生丰厚的回报?这篇文章将提供这些百万美元问题的答案。</blockquote></p><p> <b>1. Don't get caught by greediness</b></p><p><blockquote><b>1.不要被贪婪抓住</b></blockquote></p><p> Let's start off with the most important rule. Avoid greediness.</p><p><blockquote>让我们从最重要的规则开始。避免贪婪。</blockquote></p><p> According to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.</p><p><blockquote>根据摩根大通的数据,在过去的20年里,投资者的平均年回报率仅为2.9%。因此,它们的表现明显逊于一般市场,因为标普500在此期间的年回报率为 7.5%。</blockquote></p><p> The single most important reason for this retail investor underperformance? Emotional human behavior.</p><p><blockquote>散户投资者表现不佳的最重要原因是什么?情感人类行为。</blockquote></p><p> The average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.</p><p><blockquote>普通投资者受到媒体头条、股价变动和其他投资者行为的严重影响。</blockquote></p><p> Today, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.</p><p><blockquote>今天,我们到达了一个极度看涨的股市环境。上个财报季是股市历史上最伟大的财报季之一。标普500每股收益同比增长 94.5%,86.1% 的成分股超出分析师预期。</blockquote></p><p> As a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:</p><p><blockquote>由于这种看涨环境,分析师正在大幅提高对未来几个季度的预期。他们现在预计,到 2022 年底,每股收益将大幅升至 217.96 美元,较大流行前的高点 157.12 美元大幅回升。这样的复苏看起来很乐观,因为在过去的经济周期中,需要 7-12 年才能实现这一目标:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1accc921d16b11ec13ed94686b9cfe75\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于标准普尔全球数据的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Will earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?</p><p><blockquote>未来几个季度盈利真的会继续强劲复苏吗?还是分析师的假设太贪婪了?</blockquote></p><p> It wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.</p><p><blockquote>如果他们太贪婪,这也不是第一次了。例如,在互联网泡沫期间,他们也被自己的情绪所困扰。就标普500的盈利增长而言,90 年代是异常强劲的十年。因此,分析师完全忘记了下降周期也存在。他们将 2000 年后五年的年度每股收益增长指导提高到惊人的 15%。根据他们的说法,这种高增长率证明了股票交易市盈率创纪录的合理性,许多投资者被骗进了这个故事。</blockquote></p><p> What happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.</p><p><blockquote>后来发生了什么?经济没有繁荣,而是陷入了衰退,花了3年时间才恢复过来。2003 年的收益比分析师 2000 年的预测低了近 50%。</blockquote></p><p></p><p> As markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.</p><p><blockquote>由于市场定价符合分析师的预期,而不是考虑到可能的经济衰退,标普500崩盘并花了 7 年时间才恢复。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0081f4a9c3ee43b20684f113cb04ef9c\" tg-width=\"640\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Let's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.</p><p><blockquote>让我们回到今天……标普500目前的市盈率为25.4倍,与历史水平相比极高。人们普遍认为盈利将继续大幅增长,这证明了这一点。因此,到 2022 年底,该比率将降至可接受的 20.7 倍。</blockquote></p><p> Now ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.</p><p><blockquote>现在问问自己,未来几个季度盈利增长继续高于历史平均水平的可能性有多大。</blockquote></p><p> Interest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.</p><p><blockquote>利率已经是0%了。印钞机快没纸了。联邦债务水平正在达到上限。被压抑的需求和刺激支票已经导致过去几个季度的消费者支出创历史新高。</blockquote></p><p> Maybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.</p><p><blockquote>也许,只是也许,分析师对他们的假设太贪婪了?也许最近的经济复苏是不可持续的,将会降温?也许我的假设(灰线)比市场预测(红线)更有可能?如果是这样,市场的 fwd 2022 市盈率为 23.6 倍,这确实很贵。</blockquote></p><p> I'm not sure this will happen, nobody is. But it sure as hell is a probability.</p><p><blockquote>我不确定这会发生,没人会。但这肯定是一种可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f61310c3c851b181ceb1fb3cc8862fdb\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> This greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.</p><p><blockquote>这种贪婪也反映在图表中。如下图所示,牛市可以分为四个周期。强劲增长、熊市陷阱、媒体关注和贪婪。</blockquote></p><p> Interestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.</p><p><blockquote>有趣的是,2013-2021年的牛市与1994-2000年的牛市几乎完全相同。此时此刻,纳斯达克指数(QQQ)看起来已经准备好开始最后的极度贪婪阶段。媒体将最近的反弹视为“新常态”,投资者正在大量买入FOMO,因为股票“只能上涨”。因此,纳斯达克可能会在 2021 年最后几个月上涨接近 20,000 美元。</blockquote></p><p> As a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.</p><p><blockquote>作为长期投资者,了解这些动态极其重要。你可能也会有全力投资风险资产的冲动。然而,在这个阶段变得贪婪可能会对你的长期回报构成重大威胁,因为随后可能会出现一场大熊市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c783bf0cff4c410846a27c2dc8c180b1\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Human behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.</p><p><blockquote>人类的行为使得不被市场情绪分散注意力变得极具挑战性。如果你能对市场保持客观的看法,这将极大地有利于你的回报。</blockquote></p><p> 2. Keep investing, there are always opportunities</p><p><blockquote>2.坚持投资,机会总是有的</blockquote></p><p> In short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?</p><p><blockquote>简而言之,第一条规则说,你的决定永远不应该被情绪所左右,你应该继续关注潜在的基本面。随着今天市场变得越来越贪婪,估值达到极端水平,这意味着你应该开始出售股票并持有大量现金,对吗?</blockquote></p><p> Not really... You know, a wise man once said the following:</p><p><blockquote>不完全是……你知道,一位智者曾经说过这样一句话:</blockquote></p><p> <b>It's a market of stocks, not a stock market.</b> I'm not entirely sure who came up with it. But it must be a wise man, for sure.</p><p><blockquote><b>这是股票市场,不是股票市场。</b>我不完全确定是谁想出来的。但肯定是个聪明人。</blockquote></p><p> What does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.</p><p><blockquote>这是什么意思?看,许多散户投资者根据整体市场前景买卖股票。如果他们不信任市场,无论如何都会不愿意投资。</blockquote></p><p> That's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.</p><p><blockquote>这不是看待市场的好方法。有近4,000只股票可供选择,无论市场如何发展,总会有有趣的投资机会产生丰厚的回报。</blockquote></p><p> In a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.</p><p><blockquote>在一个普遍被高估的市场中,找到被低估的股票变得越来越具有挑战性,但肯定不是不可能的。问问沃伦·巴菲特。2000年,历史上被高估最严重的股市,他的投资工具伯克希尔哈撒韦公司(BRK.A)(BRK.B)继续购买优质、被低估的资产。他的奉献得到了回报,在互联网高峰五年后,他获得了令人印象深刻的47%的回报率,而纳斯达克指数的回报率为-39%。</blockquote></p><p> The Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.</p><p><blockquote>罗素2000指数(IWM)是一个反映美国小盘股的指数,在互联网泡沫期间也非常有吸引力,2000年的市盈率为16倍(大盘股为24倍)。那些在泡沫期间投资这一被低估资产类别的人也产生了非常可观的回报。我可以想象,那些能够挑选出最好的小盘股的人比那些被过度炒作的科技股欺骗的人快乐得多。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c713a296e819a255b3be8ac6e504033d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> So what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.</p><p><blockquote>那么你今天应该做什么呢?我建议重新评估你所有的投资组合。将它们的估值与 3 年后的收益进行权衡,届时 Covid-19 中断(刺激措施、被压抑的需求等)消失。对你的假设要保守。如果一只股票与这些假设相比被严重高估,不要贪婪并卖出头寸。</blockquote></p><p> A great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.</p><p><blockquote>一个很好的例子是苹果公司(AAPL),它是今年最受欢迎的股票之一。由于其非常强劲的财务状况(上季度收入增长 36.4%),其市盈率在过去两年中翻了一番多,达到 30 倍。重要的是要明白,其最近的增长主要是由于不可持续的驱动因素,如几轮刺激支票。一旦这种情况消失,苹果的增长可能会回落到个位数(甚至可能在短期内为负),未来的回报将非常疲软。</blockquote></p><p> Don't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.</p><p><blockquote>不要把所有释放的资本都保留在现金中,尤其是在当前的通胀环境下。仍然有机会将这笔钱进行再投资。在我看来,小盘股是当今最具吸引力的资产类别,就像 2000 年一样。在最近表现不佳之后,罗素2000指数(代表所有美国小型股)今天的市盈率为15.6倍。这远低于标普500指数及其历史平均水平。有很多小盘股机会,未来将产生丰厚的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f132a93975b3b7fef86aff21c0b49bb\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Yardeni</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:亚德尼</span></p></blockquote></p><p> <b>3. Adopt a proven investment strategy to pick stocks</b></p><p><blockquote><b>3.采用行之有效的投资策略选股</b></blockquote></p><p> Rule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.</p><p><blockquote>规则#1和#2在纸面上看起来很好,但在现实中很难执行。当紧要关头时,很难否认自己的情绪,并在估值过高的市场中找到有趣的投资机会。</blockquote></p><p> That's where #3 comes into play: adopt a proven investment strategy.</p><p><blockquote>这就是#3发挥作用的地方:采用行之有效的投资策略。</blockquote></p><p> With the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.</p><p><blockquote>随着股市即将到来的挑战,我相信在高度不确定的市场环境中,遵循预先确定的策略从未像今天这样重要。如果你使用过去行之有效的策略,你会在每个市场环境中感觉很棒。</blockquote></p><p> There are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.</p><p><blockquote>只要你坚持下去,有很多策略对你有用。我们坚信,我们在内部机会方面被低估的战略将在未来几年非常有价值。</blockquote></p><p> To find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.</p><p><blockquote>为了寻找有吸引力的投资机会,我们每天都会跟踪内部购买情况。内部人士是首席财务官、首席执行官、董事会成员等。他们比市场上任何人都更了解自己的业务。如果他们看到股价和业务基本面之间脱节,他们可以购买股票来产生利润。您可以通过 SEC 文件或 openinsider.com 等网站每天跟踪这种所谓“聪明资金”的购买情况。</blockquote></p><p> We don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".</p><p><blockquote>我们不只是跟进内部购买。我们基于过去十年中超过一百万个数据点创建了三个算法,从所有内部购买中挑选出最好的。因此,我们坚持预先确定的计划,只购买基于特定基本面有吸引力的股票,称为“黄金选择”。</blockquote></p><p> It worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.</p><p><blockquote>它在过去非常有效。我们的回测显示,该策略在过去十年中产生了 47.2% 的年化回报率,是标普500指数的三倍。仅在2011年,它的表现略低于市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f05af9240a87a55641df0a7921ec0380\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:内幕机会</span></p></blockquote></p><p> We firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.</p><p><blockquote>我们坚信,无论市场表现如何,这一革命性的策略都将继续在股票市场为我们创造财富。给自己找一个像我们这样严格的、行之有效的策略,在即将到来的不确定性中,你可以依靠它。</blockquote></p><p> <b>Conclusion: Do this at all-time highs</b></p><p><blockquote><b>结论:在历史高点这样做</b></blockquote></p><p> Most stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?</p><p><blockquote>当创下历史新高时,大多数股市投资者都在固步自封。最重要的是,在这样的牛市里,什么事都不会出错吧?</blockquote></p><p> No, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.</p><p><blockquote>不,事情不是这样的。市场在周期中演变,那些不认识到适应这些周期重要性的人将面临疲软的长期回报。</blockquote></p><p> How should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:</p><p><blockquote>你应该如何接近今天的历史高点,以继续创造财富?以下是我的三条黄金法则:</blockquote></p><p></p><p> <ol> <li><b>Don't get greedy.</b>As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.</li> <li><b>Keep being invested.</b>Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.</li> <li><b>Adopt a proven strategy.</b>Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.</li> </ol></p><p><blockquote><ol><li><b>不要贪婪。</b>作为情绪行为的结果,当市场反弹时,你会想要承担更高的风险。永远不要跟随这些情绪,永远关注基本面。</li><li><b>继续投资。</b>不要仅仅因为市场被高估就不愿意投资股票。承认这是一个股票市场,而不是股票市场。每个市场环境中总有巨大的机会。如今,它们大多是低调的小盘股。</li><li><b>采用行之有效的策略。</b>投资并不容易,尤其是当事情开始向南发展的时候。采用严格的、行之有效的投资策略可以让生活变得更加轻松,并显着提高回报。</li></ol></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>3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</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\">\n3 Golden Rules On How To Invest At All-Time Highs<blockquote>如何在历史高点投资的 3 条黄金法则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-06 14:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Markets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.</li> <li>As markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.</li> <li>What should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?</li> <li>In this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5f0c9f1aacfbc6d8c78d0e84da5fc9\" tg-width=\"1536\" tg-height=\"878\" width=\"100%\" height=\"auto\"><span>phive2015/iStock via Getty Images</span></p><p><blockquote><ul><li>市场每周继续创下历史新高,并且在 200 多个交易日中没有出现明显的调整。</li><li>随着市场反弹,许多投资者开始固步自封,而处于历史高点的投资决策实际上比以往任何时候都更加重要。</li><li>在当今的市场上,你应该注意什么?你应该以这些高估的价格抛售,还是今天买入仍然能获得丰厚的回报?</li><li>在这篇文章中,我将分享我关于如何在今天这样的历史高点进行投资的三条黄金法则。这些信息对你未来在市场上创造财富非常有价值。</li></ul><p class=\"t-img-caption\"><span>phive2015/iStock 来自盖蒂图片社</span></p></blockquote></p><p> The stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.</p><p><blockquote>2021年股市一路狂飙。8月底,标普500指数(SPDR标普500指数ETF)年初至今上涨20.4%。有趣的是,该指数一直在非常狭窄的上涨区间内交易,并且在208个交易日中没有出现5%的修正。虽然大多数投资者并不认为这是一种异常现象,但实际上却是。这两种事件在股市历史上只发生过7次。我们显然生活在一个不正常的时代。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58ccc72065c84083443d6be7f03482a\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Each day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.</p><p><blockquote>每天仔细考虑你所做的投资决策是很重要的。最重要的是,所有的购买或销售都会影响你未来在市场上的财富积累。</blockquote></p><p> However, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.</p><p><blockquote>然而,在像今天这样的极端反弹期间,反思你的投资决策更加重要。问问那些在互联网泡沫期间承担高风险或在 Covid-19 崩盘期间恐慌性抛售的投资者。这无疑对他们的长期回报产生了巨大影响。</blockquote></p><p> The importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.</p><p><blockquote>今天的投资决策对你的长期回报很重要,这就是为什么我选择写我关于如何在历史高点投资的三条黄金法则。你应该如何对待今天的市场,你应该注意什么?你应该以这些高估的价格卖出并等待调整发生,还是在这些水平买入时仍然能产生丰厚的回报?这篇文章将提供这些百万美元问题的答案。</blockquote></p><p> <b>1. Don't get caught by greediness</b></p><p><blockquote><b>1.不要被贪婪抓住</b></blockquote></p><p> Let's start off with the most important rule. Avoid greediness.</p><p><blockquote>让我们从最重要的规则开始。避免贪婪。</blockquote></p><p> According to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.</p><p><blockquote>根据摩根大通的数据,在过去的20年里,投资者的平均年回报率仅为2.9%。因此,它们的表现明显逊于一般市场,因为标普500在此期间的年回报率为 7.5%。</blockquote></p><p> The single most important reason for this retail investor underperformance? Emotional human behavior.</p><p><blockquote>散户投资者表现不佳的最重要原因是什么?情感人类行为。</blockquote></p><p> The average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.</p><p><blockquote>普通投资者受到媒体头条、股价变动和其他投资者行为的严重影响。</blockquote></p><p> Today, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.</p><p><blockquote>今天,我们到达了一个极度看涨的股市环境。上个财报季是股市历史上最伟大的财报季之一。标普500每股收益同比增长 94.5%,86.1% 的成分股超出分析师预期。</blockquote></p><p> As a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:</p><p><blockquote>由于这种看涨环境,分析师正在大幅提高对未来几个季度的预期。他们现在预计,到 2022 年底,每股收益将大幅升至 217.96 美元,较大流行前的高点 157.12 美元大幅回升。这样的复苏看起来很乐观,因为在过去的经济周期中,需要 7-12 年才能实现这一目标:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1accc921d16b11ec13ed94686b9cfe75\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于标准普尔全球数据的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Will earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?</p><p><blockquote>未来几个季度盈利真的会继续强劲复苏吗?还是分析师的假设太贪婪了?</blockquote></p><p> It wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.</p><p><blockquote>如果他们太贪婪,这也不是第一次了。例如,在互联网泡沫期间,他们也被自己的情绪所困扰。就标普500的盈利增长而言,90 年代是异常强劲的十年。因此,分析师完全忘记了下降周期也存在。他们将 2000 年后五年的年度每股收益增长指导提高到惊人的 15%。根据他们的说法,这种高增长率证明了股票交易市盈率创纪录的合理性,许多投资者被骗进了这个故事。</blockquote></p><p> What happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.</p><p><blockquote>后来发生了什么?经济没有繁荣,而是陷入了衰退,花了3年时间才恢复过来。2003 年的收益比分析师 2000 年的预测低了近 50%。</blockquote></p><p></p><p> As markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.</p><p><blockquote>由于市场定价符合分析师的预期,而不是考虑到可能的经济衰退,标普500崩盘并花了 7 年时间才恢复。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0081f4a9c3ee43b20684f113cb04ef9c\" tg-width=\"640\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> Let's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.</p><p><blockquote>让我们回到今天……标普500目前的市盈率为25.4倍,与历史水平相比极高。人们普遍认为盈利将继续大幅增长,这证明了这一点。因此,到 2022 年底,该比率将降至可接受的 20.7 倍。</blockquote></p><p> Now ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.</p><p><blockquote>现在问问自己,未来几个季度盈利增长继续高于历史平均水平的可能性有多大。</blockquote></p><p> Interest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.</p><p><blockquote>利率已经是0%了。印钞机快没纸了。联邦债务水平正在达到上限。被压抑的需求和刺激支票已经导致过去几个季度的消费者支出创历史新高。</blockquote></p><p> Maybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.</p><p><blockquote>也许,只是也许,分析师对他们的假设太贪婪了?也许最近的经济复苏是不可持续的,将会降温?也许我的假设(灰线)比市场预测(红线)更有可能?如果是这样,市场的 fwd 2022 市盈率为 23.6 倍,这确实很贵。</blockquote></p><p> I'm not sure this will happen, nobody is. But it sure as hell is a probability.</p><p><blockquote>我不确定这会发生,没人会。但这肯定是一种可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f61310c3c851b181ceb1fb3cc8862fdb\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:基于S&P全球数据和Yardeni的内部机会;使用调整后的每股收益</span></p></blockquote></p><p> This greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.</p><p><blockquote>这种贪婪也反映在图表中。如下图所示,牛市可以分为四个周期。强劲增长、熊市陷阱、媒体关注和贪婪。</blockquote></p><p> Interestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.</p><p><blockquote>有趣的是,2013-2021年的牛市与1994-2000年的牛市几乎完全相同。此时此刻,纳斯达克指数(QQQ)看起来已经准备好开始最后的极度贪婪阶段。媒体将最近的反弹视为“新常态”,投资者正在大量买入FOMO,因为股票“只能上涨”。因此,纳斯达克可能会在 2021 年最后几个月上涨接近 20,000 美元。</blockquote></p><p> As a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.</p><p><blockquote>作为长期投资者,了解这些动态极其重要。你可能也会有全力投资风险资产的冲动。然而,在这个阶段变得贪婪可能会对你的长期回报构成重大威胁,因为随后可能会出现一场大熊市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c783bf0cff4c410846a27c2dc8c180b1\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Tradingview 的内部机会</span></p></blockquote></p><p> Human behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.</p><p><blockquote>人类的行为使得不被市场情绪分散注意力变得极具挑战性。如果你能对市场保持客观的看法,这将极大地有利于你的回报。</blockquote></p><p> 2. Keep investing, there are always opportunities</p><p><blockquote>2.坚持投资,机会总是有的</blockquote></p><p> In short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?</p><p><blockquote>简而言之,第一条规则说,你的决定永远不应该被情绪所左右,你应该继续关注潜在的基本面。随着今天市场变得越来越贪婪,估值达到极端水平,这意味着你应该开始出售股票并持有大量现金,对吗?</blockquote></p><p> Not really... You know, a wise man once said the following:</p><p><blockquote>不完全是……你知道,一位智者曾经说过这样一句话:</blockquote></p><p> <b>It's a market of stocks, not a stock market.</b> I'm not entirely sure who came up with it. But it must be a wise man, for sure.</p><p><blockquote><b>这是股票市场,不是股票市场。</b>我不完全确定是谁想出来的。但肯定是个聪明人。</blockquote></p><p> What does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.</p><p><blockquote>这是什么意思?看,许多散户投资者根据整体市场前景买卖股票。如果他们不信任市场,无论如何都会不愿意投资。</blockquote></p><p> That's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.</p><p><blockquote>这不是看待市场的好方法。有近4,000只股票可供选择,无论市场如何发展,总会有有趣的投资机会产生丰厚的回报。</blockquote></p><p> In a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.</p><p><blockquote>在一个普遍被高估的市场中,找到被低估的股票变得越来越具有挑战性,但肯定不是不可能的。问问沃伦·巴菲特。2000年,历史上被高估最严重的股市,他的投资工具伯克希尔哈撒韦公司(BRK.A)(BRK.B)继续购买优质、被低估的资产。他的奉献得到了回报,在互联网高峰五年后,他获得了令人印象深刻的47%的回报率,而纳斯达克指数的回报率为-39%。</blockquote></p><p> The Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.</p><p><blockquote>罗素2000指数(IWM)是一个反映美国小盘股的指数,在互联网泡沫期间也非常有吸引力,2000年的市盈率为16倍(大盘股为24倍)。那些在泡沫期间投资这一被低估资产类别的人也产生了非常可观的回报。我可以想象,那些能够挑选出最好的小盘股的人比那些被过度炒作的科技股欺骗的人快乐得多。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c713a296e819a255b3be8ac6e504033d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> So what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.</p><p><blockquote>那么你今天应该做什么呢?我建议重新评估你所有的投资组合。将它们的估值与 3 年后的收益进行权衡,届时 Covid-19 中断(刺激措施、被压抑的需求等)消失。对你的假设要保守。如果一只股票与这些假设相比被严重高估,不要贪婪并卖出头寸。</blockquote></p><p> A great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.</p><p><blockquote>一个很好的例子是苹果公司(AAPL),它是今年最受欢迎的股票之一。由于其非常强劲的财务状况(上季度收入增长 36.4%),其市盈率在过去两年中翻了一番多,达到 30 倍。重要的是要明白,其最近的增长主要是由于不可持续的驱动因素,如几轮刺激支票。一旦这种情况消失,苹果的增长可能会回落到个位数(甚至可能在短期内为负),未来的回报将非常疲软。</blockquote></p><p> Don't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.</p><p><blockquote>不要把所有释放的资本都保留在现金中,尤其是在当前的通胀环境下。仍然有机会将这笔钱进行再投资。在我看来,小盘股是当今最具吸引力的资产类别,就像 2000 年一样。在最近表现不佳之后,罗素2000指数(代表所有美国小型股)今天的市盈率为15.6倍。这远低于标普500指数及其历史平均水平。有很多小盘股机会,未来将产生丰厚的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f132a93975b3b7fef86aff21c0b49bb\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Yardeni</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:亚德尼</span></p></blockquote></p><p> <b>3. Adopt a proven investment strategy to pick stocks</b></p><p><blockquote><b>3.采用行之有效的投资策略选股</b></blockquote></p><p> Rule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.</p><p><blockquote>规则#1和#2在纸面上看起来很好,但在现实中很难执行。当紧要关头时,很难否认自己的情绪,并在估值过高的市场中找到有趣的投资机会。</blockquote></p><p> That's where #3 comes into play: adopt a proven investment strategy.</p><p><blockquote>这就是#3发挥作用的地方:采用行之有效的投资策略。</blockquote></p><p> With the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.</p><p><blockquote>随着股市即将到来的挑战,我相信在高度不确定的市场环境中,遵循预先确定的策略从未像今天这样重要。如果你使用过去行之有效的策略,你会在每个市场环境中感觉很棒。</blockquote></p><p> There are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.</p><p><blockquote>只要你坚持下去,有很多策略对你有用。我们坚信,我们在内部机会方面被低估的战略将在未来几年非常有价值。</blockquote></p><p> To find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.</p><p><blockquote>为了寻找有吸引力的投资机会,我们每天都会跟踪内部购买情况。内部人士是首席财务官、首席执行官、董事会成员等。他们比市场上任何人都更了解自己的业务。如果他们看到股价和业务基本面之间脱节,他们可以购买股票来产生利润。您可以通过 SEC 文件或 openinsider.com 等网站每天跟踪这种所谓“聪明资金”的购买情况。</blockquote></p><p> We don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".</p><p><blockquote>我们不只是跟进内部购买。我们基于过去十年中超过一百万个数据点创建了三个算法,从所有内部购买中挑选出最好的。因此,我们坚持预先确定的计划,只购买基于特定基本面有吸引力的股票,称为“黄金选择”。</blockquote></p><p> It worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.</p><p><blockquote>它在过去非常有效。我们的回测显示,该策略在过去十年中产生了 47.2% 的年化回报率,是标普500指数的三倍。仅在2011年,它的表现略低于市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f05af9240a87a55641df0a7921ec0380\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:内幕机会</span></p></blockquote></p><p> We firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.</p><p><blockquote>我们坚信,无论市场表现如何,这一革命性的策略都将继续在股票市场为我们创造财富。给自己找一个像我们这样严格的、行之有效的策略,在即将到来的不确定性中,你可以依靠它。</blockquote></p><p> <b>Conclusion: Do this at all-time highs</b></p><p><blockquote><b>结论:在历史高点这样做</b></blockquote></p><p> Most stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?</p><p><blockquote>当创下历史新高时,大多数股市投资者都在固步自封。最重要的是,在这样的牛市里,什么事都不会出错吧?</blockquote></p><p> No, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.</p><p><blockquote>不,事情不是这样的。市场在周期中演变,那些不认识到适应这些周期重要性的人将面临疲软的长期回报。</blockquote></p><p> How should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:</p><p><blockquote>你应该如何接近今天的历史高点,以继续创造财富?以下是我的三条黄金法则:</blockquote></p><p></p><p> <ol> <li><b>Don't get greedy.</b>As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.</li> <li><b>Keep being invested.</b>Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.</li> <li><b>Adopt a proven strategy.</b>Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.</li> </ol></p><p><blockquote><ol><li><b>不要贪婪。</b>作为情绪行为的结果,当市场反弹时,你会想要承担更高的风险。永远不要跟随这些情绪,永远关注基本面。</li><li><b>继续投资。</b>不要仅仅因为市场被高估就不愿意投资股票。承认这是一个股票市场,而不是股票市场。每个市场环境中总有巨大的机会。如今,它们大多是低调的小盘股。</li><li><b>采用行之有效的策略。</b>投资并不容易,尤其是当事情开始向南发展的时候。采用严格的、行之有效的投资策略可以让生活变得更加轻松,并显着提高回报。</li></ol></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs\">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":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186375251","content_text":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.\nAs markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.\nWhat should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?\nIn this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.\n\nphive2015/iStock via Getty Images\nThe stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.\nSource: Insider Opportunities with Tradingview\nEach day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.\nHowever, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.\nThe importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.\n1. Don't get caught by greediness\nLet's start off with the most important rule. Avoid greediness.\nAccording to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.\nThe single most important reason for this retail investor underperformance? Emotional human behavior.\nThe average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.\nToday, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.\nAs a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:\nSource: Insider Opportunities based on S&P Global data; adjusted EPS is used\nWill earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?\nIt wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.\nWhat happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.\nAs markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nLet's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.\nNow ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.\nInterest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.\nMaybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.\nI'm not sure this will happen, nobody is. But it sure as hell is a probability.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nThis greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.\nInterestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.\nAs a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.\nSource: Insider Opportunities with Tradingview\nHuman behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.\n2. Keep investing, there are always opportunities\nIn short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?\nNot really... You know, a wise man once said the following:\n\nIt's a market of stocks, not a stock market.\n\nI'm not entirely sure who came up with it. But it must be a wise man, for sure.\nWhat does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.\nThat's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.\nIn a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.\nThe Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.\nData by YCharts\nSo what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.\nA great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.\nDon't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.\nSource: Yardeni\n3. Adopt a proven investment strategy to pick stocks\nRule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.\nThat's where #3 comes into play: adopt a proven investment strategy.\nWith the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.\nThere are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.\nTo find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.\nWe don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".\nIt worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.\nSource: Insider Opportunities\n\nWe firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.\nConclusion: Do this at all-time highs\nMost stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?\nNo, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.\nHow should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:\n\nDon't get greedy.As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.\nKeep being invested.Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.\nAdopt a proven strategy.Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152835746,"gmtCreate":1625280021585,"gmtModify":1631891003120,"author":{"id":"3583904234574584","authorId":"3583904234574584","name":"KYow","avatar":"https://static.tigerbbs.com/f51fd0817cb9380c812b7c6d5da23879","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583904234574584","idStr":"3583904234574584"},"themes":[],"title":"","htmlText":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","listText":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","text":"[Salute] Will heed such expert advice to be ready forvolatile market ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/152835746","repostId":"1188153141","repostType":4,"repost":{"id":"1188153141","kind":"news","pubTimestamp":1625276221,"share":"https://www.laohunote.com/m/news/1188153141?lang=zh_CN&edition=full","pubTime":"2021-07-03 09:37","market":"us","language":"en","title":"Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153141","media":"MoneyWise","summary":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for th","content":"<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录,新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼(Suze Orman)在内的投资专家感到担忧,她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释,以及即使市场下跌,您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想?</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的,但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说:”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕,但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单,但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中,房地产市场去年也打破了自己的记录,奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是,她觉得自从上次撞车以来,已经太久了,不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说:”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特(Warren Buffett)经常用来评估市场的一个指标,以他的名字命名,这个指标已经出现了足够长的时间,以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标(衡量股市总价值与美国经济产出之比的指标)继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问,这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议,以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安,部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说:”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处?”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出,大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱,所以最好的长期策略是低价买入。这样,您的美元现在将走得更远,为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入,但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上,现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说:”当市场下跌、下跌、下跌时,你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略,这意味着无论市场波动如何,您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌,奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份,否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下,任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说:”越早开始,你的钱就越多。“只是不要停下来,当这些市场下跌时,你应该非常高兴,因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多,20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示,无论大崩盘是否迫在眉睫,距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先,做最坏的打算,抱最好的希望。自从疫情爆发以来,奥曼现在建议每个人都有一个应急基金,可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后,为了让自己过上舒适的退休生活,她建议您选择罗斯账户,无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时,这将帮助您避免纳税,因为您对罗斯账户的缴款是在税后进行的。另一方面,传统的 IRA 在您供款时无需缴税,因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导,与专业的财务顾问合作,可以帮助你指出正确的方向,这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时,你将牢牢掌握在驾驶座上,计划着你的夕阳西下。</blockquote></p><p></p>","source":"lsy1621813427262","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>Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</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; 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}\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\">\nSuze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-07-03 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录,新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼(Suze Orman)在内的投资专家感到担忧,她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释,以及即使市场下跌,您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想?</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的,但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说:”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕,但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单,但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中,房地产市场去年也打破了自己的记录,奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是,她觉得自从上次撞车以来,已经太久了,不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说:”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特(Warren Buffett)经常用来评估市场的一个指标,以他的名字命名,这个指标已经出现了足够长的时间,以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标(衡量股市总价值与美国经济产出之比的指标)继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问,这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议,以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安,部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说:”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处?”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出,大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱,所以最好的长期策略是低价买入。这样,您的美元现在将走得更远,为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入,但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上,现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说:”当市场下跌、下跌、下跌时,你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略,这意味着无论市场波动如何,您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌,奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份,否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下,任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说:”越早开始,你的钱就越多。“只是不要停下来,当这些市场下跌时,你应该非常高兴,因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多,20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示,无论大崩盘是否迫在眉睫,距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先,做最坏的打算,抱最好的希望。自从疫情爆发以来,奥曼现在建议每个人都有一个应急基金,可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后,为了让自己过上舒适的退休生活,她建议您选择罗斯账户,无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时,这将帮助您避免纳税,因为您对罗斯账户的缴款是在税后进行的。另一方面,传统的 IRA 在您供款时无需缴税,因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导,与专业的财务顾问合作,可以帮助你指出正确的方向,这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时,你将牢牢掌握在驾驶座上,计划着你的夕阳西下。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html\">MoneyWise</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","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153141","content_text":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.\nThat clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.\nAnd a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”\nWhile investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.\nAnd even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.\nWhat's more, she feels it’s just been too long since the last crash to stay this high much longer.\n“This reminds me of 2000 all over again,” Orman says.\nThe Buffett Indicator\nLarry W Smith/EPA/Shutterstock\nOne metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.\nBut the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.\nAnd those in the know are wondering if it's a sign that we’re about to see a hard fall.\nHow to prepare for a crashFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}