LMTreceivedtwobigfundingsfromUSgovernmentrecently.Itisthisadministration'smaingoaltomaintainUSmilitarypower.Duringthetimethattwobigpowersintheworldwerefightingeachother,thisworldbecomesmoredangerous.IexpectLMT,GD,RTNetc.weaponmakerstoprosperinnext4-6years.[
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由于苹果季报不错,使科技股这几天大幅上涨.从图形和近两年的股价表现看,GOOG看起来是最有潜力的一支.其多年积累可能终于到了有所回报的时候.现在股价仍在可买范围内.离不久前的突破点不远.FB,NFLX下跌20%后达到反弹点.NVDA,PYPL达到支撑点.从公司规模和现金流看,未来可能也达到$1T规模的是AMZN,GOOGL,MSFT($800B+).但是由于科技股仍然处于超常拥有状态,所以对它们在盘子中的权重需[
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AfterFB’sbadquarter,majorfundswouldneedtotrimtheirtechholdsbecausethosearetheirbiggestholdingsandhavequitebigriskatthemoment.Soldecidedtotakesomeprofitsanddecreaseexposuretotechsector.PositionreducedincludeAmzn,aapl,sq,Pypl,nvda,Msft.etc.Thissectorrotationislikelytobebiggerthanbeforeandmaylastlonger.[
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Iexitedsomepositionsthatturnedouttobestupid(Forexample,FBandTWTR).Oncepositionislost,itishardtoaccumulateagain.
Somosttimes,beabletoenduresomepainisthekeytosuccess.[
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PEPiscurrentlytradingat18timesearning.3.8%yield.Itisgettingveryattractive.Itisalsotoofardownfrom50MA.Usuallywhenpricegetstoofarawayfrom50MA,itwillgetclosetoit.Ithinkitisaniceentrypoint.[
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MMMdropped20%+fromitshighandjustreportedaworstreportinlastdecade.Butitstillhasverystrongbalancesheetanddiversifiedproducts.ItisoneofthebestmanufactureinUS.
Ithinkitisagoodtimetopickupsomeshareshere.
Iwillinitialsomepositontodayandcontinuetoaccumulateonceitdropsmoreincomingmonths(possibly).
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ExitFBentirely.Raisecashlevelinuncertaintymarket.[
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Hereisthecurrentportfolio2015holdingsafterrecentadjustment.AfterbigsellofatthebeginingofFeb2018,marketishavingaV-shapedrecovery.Noideahowmuchsteamleftinit.Butwedolearnedgoodlessonfromrecentselloff.Hereisthelist:1.Nevereversellintopanic.Therewillbemuchbettertimetosell(liketoday).Sellintopanicwillhurtyourportfoliobigtimebecauseyouwillhavetochaseitatmuchhigherlevel.2.Thebesttimetobuyisbloodonthestree...[
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金融市场上的丛林法则与动物界的一样，就是弱肉强食。不过市场上的强弱基本上是由两个因素决定的，一个是资金(Capital)，另一个是洞察力(Vision)。
关于资金(Capital)的因素，最明显的就是在市场上谁能动用的钱多谁就越有优势，但又不只是单纯地由资金的规模来区分强弱。例如当一场金融危机来临时，如果一家大型对冲基金或是华尔街的投行所拥有的亿万资产中融资的部[
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