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To understand the performance of stocks over the past 200 years and the next 20 years, you must understand and be able to explain this line—the basic chart of human civilization over the past—. Without understanding this, it is difficult to remain rational during every stock market crash. —Li Lu
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Five Hard-Hitting Truths About Ordinary People:
First, ordinary people are beasts of burden in prosperous times and cannon fodder in chaotic times; in peacetime, their labor is squeezed out, and in wartime, their lives are used.
Second, the world is fabricated. Countries, religions, social systems, and laws are all things imagined by humanity. The upper class uses these imagined things to divide people into different ranks, and people from different social classes see different fabricated worlds.
Third, not every effort in life leads to results. Except for the rare outstanding individuals who
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Many people are poor not because they have no money, but because they don't know how to manage it.
As soon as they get money, they spend and consume recklessly.
Truly wealthy people, however, have a clear understanding of money:
They never hesitate to spend where necessary, and don't waste a single penny where it isn't.
The key to investment lies in people; whether you can continue to invest determines whether you can build stable relationships and a future.
Spending money is an action, but what is truly scarce is companionship.
Those who can spend money and also offer companionship are often
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Tang Shizeng uploaded this article, “Back to School, To My Child,” for his son every year at the end of August. Starting this year, he will no longer be able to do so!
“In the limited span of life, live independently, with dignity, breadth of mind, kindness, and righteousness.”
An early version of “Back to School, To My Child”
1. Child, you must learn to cook. This has nothing to do with serving others. When the people who care about you are no longer by your side, you should be able to take care of yourself, survive independently, and treat yourself well.
2. Child, after learning to walk, you
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Last year, China’s actual shipments of embodied robots totaled only 10,000 units. Unitree sold 5,215 units, and its market capitalization reached as high as 400 billion.
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What do you think of the unfilial people around you?
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The number of PhD graduates in China each year is many times greater than that of the other 199 countries in the world combined.
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41 years old, still a virgin
Just to “be herself”
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💥Only 4 companies worldwide have annual profits exceeding $100 billion
Only four companies in the world have annual net profits exceeding $100 billion
There are tens of millions of companies worldwide. Only four remain capable of generating more than $100 billion in net profits.
What is being discussed here is gross profit, not revenue or valuation, but the actual cash left after deducting costs such as labor, raw materials, taxes, and depreciation.
All four are technology companies: Alphabet, Google's parent company, earned $132.2 billion, with a net profit margin of 32.8%; NVIDIA earned $12
NVDA2.15%
AAPL-0.19%
MSFT0.85%
TSM1.77%
INTC0.25%
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Lianhua Qingwen during the pandemic and Banlangen during the SARS outbreak were actually selected through targeted screening.
The production cost of traditional Chinese medicine is very low—or rather, it should be called the R&D cost.
Basically, every traditional Chinese medicine manufacturer has similar conceptual formulas.
It just depends on whether they can be selected.
At the time, a KOL cycling around Shandong once wrote about Buchang Pharmaceutical.
Buchang Pharmaceutical also wanted to seize this market and worked with academicians to develop Xuanfei Baidu Granules, but it failed to out
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In the Odyssey, Odysseus knew that no one could resist the Sirens’ song. Once the ship drew near, the sailors would be tempted and ultimately sail toward their deaths.
He did not confidently say:
“My willpower is stronger than other people’s. Once I hear the song, I will definitely be able to remain rational.”
Quite the opposite.
He knew very clearly:
By the time I truly hear the Sirens’ song, I will no longer be able to trust the person I am at that moment.
This is it.
This is exactly how everyone, when designing a model, always thinks they can add to their position when prices fall
But when
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People cannot imagine things they have never seen
most of the time
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Dinner checklist
Seems like something is still missing
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What is deflation?
Understand it in one sentence
Deflation = a sustained decline in the overall price level. Assuming CPI is -3% year-on-year, the 100 yuan you hold will have the actual purchasing power of 103 yuan one year later. Simply holding cash is itself “making money”—this is the most intuitive feature of deflation.
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Here’s a painful fact:
Have you noticed that ChangXin, Unitree, DeepSeek, Kimi... the wealth-creating names in this wave
basically all benefit only a minority.
In the real estate era,
almost everyone benefited,
even if you sold curtains, doors and windows, toilets... you could still benefit.
This is how the times have changed.
DEEPSEEK-11.42%
KIMI1.29%
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With the storm approaching, the wind fills the tower
#BTC #@Gold
BTC-2.04%
GLDX0.67%
PAXG0.08%
XAU0.05%
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Crazy Friday
bitcoin:native
BTC-2.04%
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Invest in these U.S. stocks for the next 5 years
and that's enough.
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