I2EC - Investment Information Exchange Club

There was a one-hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:  

(以下摘錄自CNBC電視台對世界排名第二的富豪華倫巴菲特所做的一小時專訪,巴菲特目前已經捐310億美元給慈善機構,他對於人生的一些見解非常有趣)

1.He bought his first share at age 11 and he now regrets that he  started too late! 

(他11歲開始買了第一張股票,但現在還是很後悔說他太晚買了!)
 
2.He bought a small farm at age 14 with savings from delivering  newspapers. 

(他14歲時,就用他從小時候送報紙所賺的錢,買了一個小農場.)

3.He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. 

(他雖然富甲一方,卻仍然住在奧瑪哈小鎮的一棟三房小屋內,那是他結婚50週年後所買的房子.他說他們家什麼都有了啊! 他家甚至連圍牆或籬笆都沒有!)
   
4.He drives his own car everywhere and does not have a driver or security people around him.  

(他都自己開車出門,也沒有請司機或保全人員跟著他.)

5.He never travels by private jet, although he owns the world’s largest private jet company. 

(他雖然是世界最大的私人噴射客機公司的老闆,但卻從來沒有搭私人飛機旅行過.)

6.His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO’s only two rules.  

(他公司 Berkshire Hathaway,旗下擁有63家企業.他每年只寫一封信給這些企業的總裁,把今
年的營運目標告訴他們.他從來不曾定期主持或召開會議,他給這些總裁們的守則只有以下兩條 
Rule number 1: do not lose any of your share holder’s money. 

(守則一:不要讓公司的投資人虧錢)
Rule number 2: Do not forget rule  number 1. 

(守則二: 不要忘記守則一)

7.He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television. 

(他不太跟群眾交際應酬.下班後主要活動就是弄一點爆米花來吃吃,跟看看電視.)
 
8.Bill Gates, the world’s richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the
meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet. 

(五年前世界首富比爾蓋茲第一次跟巴菲特見面,他覺得他跟巴菲特根本沒有什麼共同點,所以他只排了半個小時跟巴菲特會談.但當他們見面後,一共談了10個小時,從此之後,比爾蓋茲開始變成巴菲特的忠實信徒,獻身慈善事業.)

9.Warren Buffet does not carry a cell phone,nor has a computer on his desk. 

(巴菲特不帶手機,桌上有沒電腦.)

His advice to young people:”Stay away from credit cards and invest in yourself and Remember:
他給時下年輕人的建議是「遠離信用卡的物慾, 多投資自己並且牢記」

A.Money doesn’t create man but it is the man who created money. 

(錢是人創造出來的,但是錢不會創造人.)

B.Live your life as simple as you are. 

(過你自己想過的簡單生活吧!)

C.Don’t do what others say, just listen them, but do what you feel good 

(別人說的話聽聽可以,但不一定要照做,做你自己覺得很棒的事.)
 
D.Don’t go on brand name; just wear those things in which u feel comfortable. 

(別走入名牌的迷思,穿你覺得舒服的服飾即可.)

E.Don’t waste your money on unnecessary things; just spend on them who really in need rather. 

(與其把錢花在不必要的事情上,倒不如把錢花在真正需要的地方.)

F.After all it’s your life then why give chance to others to rule our life. 

(總而言之,這是你的人生,幹嘛讓其他人來指揮你的人生呢?) 

 

Volatility index, on Friday almost hit 30 intraday and closed out at 28.3. It’s over for now, at least in short term. Weak hands were shaken out not on Thursday when Dow dropped 387 points, but on Friday. However, be prepared for a rocky ride for another month.

Now what? Buy into big cap with foreign exposure, i.e. to hedge against dollar’s woe. If you have difficulty sleeping at nights these days, sell stocks until you feel comfortable. Don’t do anything, it’s not for you to handle.

Why don’t you sing with my beauty this month.

http://www.520music.com/play/92805.htm

http://www.520music.com/play/92818.htm

 The Gambler

 If you sit by the poker table and cannot find a sucker, you are the sucker. 

If you’re gonna play the game, ya gotta learn to play it right.
You got to know when to hold em, know when to fold em,
Know when to walk away and know when to run.
You never count your money when youre sitting at the table. There’ll be time enough for counting when the dealing is done.

Eevry gambler knows that the secret to survivin Is knowing what to throw away and knowing what to keep.
Cause every hand is a winner and every hand is a loser,
and the best that you can hope for is to die in your sleep.

 

 This’s where I lost a lot of money in Vegas… “South Point”

And I scooped all back and change here…MGM

 

 End up my best friends in Vegas are ‘Jack Daniel “and my JEEP…

 And the sure winner is

     I deal….

“Cash is the king!” when I said….

I didn’t mean to sell all asset classes… I meant to get it cheap… like Vegas properties ???maybe????

See the one we just erected by the Strip

   and named after my daughter…Iris

 I did visit Chicken Ranch at Pahrump in Nye County… I chickened out…after a couple of drink. But I did get all the information Mike needs like “straight lay”, “half and half” and reverse “half and Half” ranginf $300 to $400. I didn’t enter the contract to buy them out; it changed hands at $5.2 million February last year. 

 

 

 

 

 

 

 

 

 
 

Our August monthly meeting will be held on Saturday (Aug. 11) from 10 am to 12:30 pm.at Tysons Regional Library.Following up on the club’s recent presentation on Option Introduction, Lennie Ding (our long time club member,  an Option trader and Investment Adviser ) will lead the August 11 discussion. 

  The discussion will cover
a)  Application aspects of using options: for speculation, hedging, insurance ( i.e. to protect a long portfolio).
b)  When NOT to use options
c)  How to learn and what to look out when trading options and
d)  The common pitfalls     

As usual, IEG investment return will be reported.  In addition, our (all things but investment, :-< ) advisor, Bill Yen will report his just completed Las Vega trip (surveying those casinos recently built and other real estate investment opportunities) and possibly, a daring sight seeing to Chicken Ranch (no chicken out, please!   Just kidding, ;-> ) as well.    See you there!

  馬克吐溫是西方的幽默大師，他一生中只給股市投資人上過唯一且寶貴的一課。他說：「10月是股市投機特為危險的月份。其他也同樣危險的月份有7，1，9，4，11，5，3，6，2，8，2等月份。」沒錯，股市沒那個月安全。股市本身就愛開玩笑，今年7月24日前猛漲，投資人不敢追高，直唱“恨你不回頭”；想不到其後大跌，場中玩家又唱起“我該怎麼辦﹖”股市崩跌時恐慌絕不是策略之一，1982年及世紀初大熊市、黑色星期一、九一一都是過往雲煙。幽默的市場當幽默以對才是上策。
The beauty who sings….”我該怎麼辦﹖”

  我們發現年來資金已慢慢流入超大型股。現在我們就把史坦普五百股中市值排名前50大者定為超大型股，其市值皆在600億之上。詳細研究一下，它們是有吸引人之處。
史坦普五百指數合成股以今年的盈餘為準，其本益比PE是18，超大型股之本益比只有17。相對於中小型股的19更形便宜。再者，這些超大型股過去一年的中間成長率為12%，高於中型股的9%及小型股的11%。不要忘了除了股價上漲，超大型股都有股利分派，這是中小型股少有的。
  投資史坦普五百大股最簡單的就是整籃子買入指數基金稱為蜘蛛的SPY。史坦普中型四百股是MDY﹔史坦普小型六百股是IJR。如想投入各別大股不知選何股，也許從超大型市值超過500億的60支中開始。還嫌太多，那就閉著眼睛買下市值前十大超級股吧﹗投入大股有應牛尾迎熊頭的味道，放心依你的偏向選自己的所好，沒有標準答案。各股如下供參考但無保證﹕CVX，GE，BAC，AXP，CSCO，KO，MRK，UTX，MMM。

Both Dow and SP 500 made new all time high on July 19 and the trouble started shortly after that, July 24 to be exact. While the last official “correction” of at least 10% end in March 2003, the current drop is right in line with the periodic pullbacks we’ve had since then. The average percentage drop of all 5 major corrections since 2004 is 6.6%.

A 10% correction is likely this time when all said and done. We are facing the worst months, i.e. August and September. Subprime and credit crunch woe make this market look like those in 1997 and 1998. Go back and check those charts and market conditions then and you will have a better idea.

Sit tight! Going to have a rough ride.