ninisweet

Tech stocks have taken another hit recently, and many people don’t know why.
The real trigger is the debt problem at U.S. computing-power company CoreWeave.
The company borrowed tens of billions of dollars to aggressively build computing facilities, buy large quantities of GPUs, and then rent out the computing power to major customers like Microsoft.
Starting next year, it will have to repay more than $10 billion in debt every year. Based on what it currently earns, it will struggle to cover not only the principal but even the interest.
What’s more troublesome is that its model combines heavy

In March 2010, someone auctioned 10,000 BTC on a Bitcoin forum, with a starting bid of $50.
Result: No one bid.
At the time, 10,000 BTC were worth about $65 at market price. Some people offered $20 or $25, but no one was willing to pay $50.
The original poster said something truly painful:
"The problem wasn't how to make the payment, but that no one wanted to accept BTC."
In 2010, consensus had not yet formed—even when given away for free, no one wanted it.
Later, in 2012, someone replied with a summary that remains relevant to this day:
"You think spending $50 to buy 10,000 BTC isn't worth it

Maji Big Brother has cleared out everything. All of it.
When the on-chain data first came out, I stared at the screen several times, afraid I had miscounted the zeros.
Starting with $56,000, he somehow turned it into $12.25 million in four months.
What does that mean? More than a 200-fold increase. During that period, the positions he held were probably more thrilling than a roller coaster,
with the account balance jumping every time he woke up—jumping so much his heart could barely take it.
And then? Then there was no then. It kept crashing all the way down, until only $21,800 remained. Going

Don’t Be Intimidated by History
Bears on U.S. stocks like to teach people to look back at history:
For example, when the internet bubble burst in 2000, it took 15 years to recover;
the U.S. stock market traded sideways for more than a decade from the 1960s to the 1980s, with no growth;
they even cite the Great Depression of 1929, saying that U.S. stocks could potentially fall by 80–90%.
In my view, all of this is clearly a case of applying outdated lessons to current circumstances—looking only at the surface without seeking deeper understanding.
Its absurdity is similar to that of a foreigner

Demystifying investing is a very important part of investing—specifically, demystifying experts and masters.
When I was just starting out, I viewed various big Vs through a filter, thinking they were omnipotent.
When I first started investing, I often struggled with uncertainty and feared the unknown.
Seeing big Vs confidently hold forth and point the way, I imagined that they could remain calm and composed even when stock prices plunged.
Later, I also thought that people with a lot of capital had an aura around them, assuming that having so much capital must mean they had some legendary exper

Those who buy the S&P 500 and Nasdaq have only one task: sleep well.
Just eat and sleep well, take care of your health, and your money will work for you while you sleep.
If you sleep well and stay healthy, living 10 years longer means not only enjoying 10 more years, but also gaining an extra 10 years of compound growth—far exceeding the profits you earn now by exhausting yourself.
Nothing is more important than sleeping well.
The biggest reason for Buffett's success is that he has lived a long time,
At 96, he has 26 more years of compounding time than a 70-year-old, and nearly 40 more years t

The Fed is using a hammer to fix a water pipe.
September CPI came in at 3.7%, again above expectations.
But look at what’s rising: energy, up 20.4% since the start of the year.
Core CPI is only 2.6%.
Oil prices have been driven up by the war in the Middle East.
Not by Americans spending too aggressively.
Rate hikes can make Americans buy fewer cars and homes.
But they can’t make a barrel of oil cheaper.
The likely result is that oil prices remain high while the economy gets hit by interest rates first.
Don’t expect a major rebound in risk assets before the rate-setting meeting at the end of Oc

Charlie Munger lived to be 99, and he proposed that we focus on three things in life.
First, improve yourself. Invest in your mind.
Set aside half an hour every day to read. Improve a little each day, and over time, you will become an expert in your field.
He advocated cross-disciplinary learning, because the compounding of knowledge lasts longer than money.
Second, learn to say no. Avoiding mistakes is more important than pursuing success.
There are many paths to success, but only a few reasons for failure. Thinking about problems from the opposite perspective can help you see more

Duan Yongping:
The essence of poverty is not laziness, but the inevitable result of ineffective effort and flawed strategies.
Many people habitually attribute poverty to laziness, believing that as long as they are willing to endure hardship and work overtime, their lives will gradually improve.
Duan Yongping, however, revealed the truth: the essence of poverty is not laziness, but the inevitable result of ineffective effort and misguided strategies.
There is no shortage of people in life who work with their heads down.
Some people struggle every day, constantly work overtime, and blindly foll

Musk on CCTV: New Opportunities Are Coming for Ordinary People
I just finished watching Musk’s latest CCTV interview. Compared with the grand figure of 100 billion humanoid robots, I’m more concerned about these views that directly relate to our daily lives and work.
First, the spread of humanoid robots will initially change the lives of these two groups of people
He predicts that at least 1 billion humanoid robots will be deployed globally within 10 years.
In our daily lives, this means:
Over the next 5–10 years, having robots at home to care for the elderly and handle household chores will g

If you could only go heavily into one for the next 10 years:
BTC, Nasdaq, S&P 500, NVIDIA, or gold
You can’t sell along the way—which would you choose?

1. Ordinary people cannot resist taking action.
Duan Yongping said: Ordinary people can achieve an annualized return of 10% by investing in the S&P 500, and with annual compounding, ordinary people can also achieve financial freedom.
Even if this is entirely correct, most people will not do it.
Ordinary people cannot clearly understand themselves, and cannot resist showing off, vanity, restlessness, or crafting a persona.
Being grounded goes against human nature. Most people are grounded because they lack the capital.
Recognize the boundaries of your abilities and act within the scope of your

Charlie Munger did indeed share a framework for ordinary people to turn their lives around. It does not depend on connections or talent, but is instead a counterintuitive, execution-focused “three-step path from zero to success.”
Step One: Sell “certainty,” rather than selling your time
When you have nothing, Munger firmly opposed touching stocks, considering them a “meat grinder.” Your only and most important starting capital is selling “certainty.”
Certainty means being exceptionally reliable: whatever you promise will be completed on time even if the sky falls; anything you handle will be a

Bitcoin’s drawdowns relative to the Nasdaq in previous cycles:
2018 bottom: maximum drawdown relative to the Nasdaq: -84%
2022 bottom: maximum drawdown relative to the Nasdaq: -71%
2026 cycle low: drawdown relative to the Nasdaq: -63%
After the violent rebound signaling the end of the bear market,
there will be another bottoming process lasting six months to a year,
and only then will the main upward phase of the bull market emerge.

: How can young people seize opportunities in the AI era?
First, become fully AI-enabled.
He said that no matter how much money you have, you should first integrate AI into your learning, work, and life—you can start with just a phone.
Most people treat AI as a tool, closing it when they are done; instead, treat it as an environment and immerse yourself in it.
The difference is that the former provides occasional acceleration, while the latter means switching to a different operating system.
I agree with this direction, but would add one caveat: becoming fully AI-enabled does not mean fully ou

Charlie Munger once said something that is highly relevant to all long-term investors:
“I think Microsoft, Apple, and Alphabet will most likely still be very strong fifty years from now.”
But he immediately added something even more important:
Fifty years may still be within view, but no one knows what the world will look like seventy, eighty, or ninety years from now.
Because there has never been an eternal king in the business world.
General Motors once represented the peak of American industrial strength, while Kodak at one point nearly monopolized the film market.
At the height of their gl

Heard someone say hardware wallets aren’t safe anymore? I don’t think that’s the case
Today, the guy who lost 80 BTC had everyone saying, “Ledger got hacked too”
But breaking down the incident, it wasn’t Ledger’s chip that was compromised—it was a distributor
- All the victims’ devices came from the same authorized distributor in Southeast Asia, CryptoBilis
- Someone who bought a device from them found a hidden module with a SIM card
under the screen. Security firm SlowMist’s analysis found that
it could record the seed phrase displayed on the screen and send it over the network (this has not

The 30 best-performing stocks in the S&P 500 over the past 30 years.
The top 10 are:
1. NVDA Nvidia, annualized return of 37.5%;
2. MNST Monster Beverage, annualized return of 32.8%;
3. AMZN Amazon, annualized return of 31.9%;
4. AAPL Apple, annualized return of 28.9%;
5. AXON Thales (formerly Axon Enterprise, law enforcement equipment), annualized return of 28.2%;
6. TPL Texas Pacific Land Corporation, annualized return of 24.9%;
7. NFLX Netflix, annualized return of 24.1%;
8. NEM Newmont Mining, annualized return of 23.6%;
9. APH Amphenol, annualized return of 23.4%;
10. ODFL Old Dominion Fr