In a world where everyone is an investment research analyst, good news is everywhere.

Those teachers who hold semiconductors and storage are happily saying: Buffett’s myth will be broken—sailing the raging wave of Ai, they’ve gone the wrong direction. Today’s value investing is about finding reasons that are even “more expensive” within the “expensive.”
PE isn’t enough, because you haven’t yet entered the main storyline of the market.
How could memory just be memory? It’s the new gold, the new oil—the foundation at the bottom of civilization.
Semiconductors are no longer just semiconductors; they’re a crutch for computing power, and every grand narrative has to line up to settle its bill.
At the intersection of the times, we need to reinvent new common sense.
Buying into strength is what helps you understand industry trends; missing out is the necessary growing pain of a cognitive upgrade.
Only market capitalization can show the direction of civilization.
And as I sit in front of my screen, I finally understand Wang Bo:
Friends are as close as neighbors across the land; even at the ends of the earth, it feels like they’re next door.
Turns out it’s not that there are more friends—it’s that there’s more memory.
No matter how far beyond the ends of the earth you go, you all live inside the chip.