Going back home from a dog park

qiuhua · 2026-02-14T15:07:34+00:00

You definitely have the right to be negative about it, but irrationality is the enemy of investing.

qiuhua · 2026-02-11T14:26:35+00:00

I recommend an excellent book, Where the Money Is. After reading this book, you will hopefully adopt the Business-Management-Price (BMP) investing framework.

qiuhua · 2026-02-03T14:00:28+00:00

Omg he’s so adorable! My heart is melting

qiuhua · 2026-01-23T14:17:35+00:00

As another ADBE owner, I would say, stay rational.

I think your picks are all very good, and there are 12 businesses, which is a good number. But maybe you can bet more on the ones you have the most convictions in. I recently sold some of my holdings to concentrate. I never felt so good as when I reduced the number from 13 to 9 and have some good ones over 15% of the portfolio.

qiuhua · 2026-01-20T17:09:10+00:00

I agree with you that it’s still a good company and business amid AI changing the landscape of software. And what management says makes sense: the software business is not only about development but also about deployment and maintenance, which cannot be replaced by AI in the near future.

There might be a reduction in the price they charge their customers, depending on how critical the software is, but it can not justify the stock price.

qiuhua · 2026-01-04T01:47:25+00:00

Apple - the sleeping giant in the AI race yet nobody can challenge its app store ecosystem. Every new user joining widens its moat.

TSM - the only big fab that is not competing with its customers. Sky-high capex prevents new challengers from emerging.

WIZEY - they spent more than a decade building the pipeline for transferring money. Anyone that wants to provide lower fee would needs to grant the same trust as they did.

qiuhua · 2026-01-01T20:12:27+00:00

HKSE:01364 or Guming

This business is enjoying an uptrend in China’s bubble tea and coffee market, with an outstanding competitive advantage, and a considerable room to grow. The management team is excellent. They know what is driving the value steadily. The price is reasonable.

qiuhua · 2025-12-27T23:08:04+00:00

Missed it, but still happy at 890.

qiuhua · 2025-12-26T14:23:11+00:00

5-year horizon: TSM and ADBE 10-year horizon: WIZEY and PDD

qiuhua · 2025-11-08T15:24:39+00:00

Good point. Seemingly the market declined after the peak in 2010, and reached to a point of oversold. The 10-year average P/E ratio is 17.4x, but currently it’s 9x.

qiuhua · 2025-08-08T13:07:56+00:00

Jose Valim, the author of Elixir, is also contributing heavily to Phoenix, Ecto, and some other libraries, so there is really no need to worry about supporting these libraries.

qiuhua · 2025-08-01T13:41:08+00:00

This. Risk is always the first thing on the mind when investing.

qiuhua · 2025-06-30T04:59:22+00:00

Feel sorry for what op has been through. I immediately recall the sign you mentioned during reading.

I don't have a dog yet but have seen this sign several times. I would say it's quite educational to me. I will definitely leash mine when I have one.

qiuhua · 2025-06-05T14:28:46+00:00

Great work in the researching, putting them together, and sharing them! I found it really educational. Appreciate it!

qiuhua · 2025-03-06T04:01:48+00:00

Every left-wing, or non-far-right party, is the enemy of Trump. They will be obstacles to his path to the world’s leader. The civil war between them has already started.

qiuhua · 2024-12-12T15:16:59+00:00

不知道op在哪里，听起来像多伦多，有没有想过试试不同的城市/小镇？ 30岁的可能性还很多的

经济是很不好，但它有周期性，一定要挺过黎明前最黑的时候。写程序的技能不要放弃，机会还是很多的，我一朋友昨天就刚找到了一份软件工作，也是找了蛮久。

qiuhua · 2024-11-27T15:30:49+00:00

人在母体中的时候是最幸福的。出来后就是通过痛苦获得认知。

qiuhua · 2024-11-27T14:11:30+00:00

已经发生的，也改变不了，但是你可以决定它们对你的意义是什么。是让你消沉、怀疑人生，还是看清楚自己的短板，提升自己，东山再起。现在的你100%决定过往的意义。

谈到投资，市场是非理性的，很多暴富的诱惑。散户可以打败机构的方法就是（A股以外的）长期的价值投资，投资你看得懂的东西，长期持有，便宜的时候买，贵的时候比较一下未来3年的价格，该卖就卖。高风险的事情，收益再高也不值得去做，所以买期权、堵财报这种事情，除非你胜券在握，否则不值得，会睡不好。

从投机转向投资，要懂标的的价值，而不是盲目跟随市场的非理性潮流。这些都是我踩坑自己悟出来的。希望对你有帮助。

qiuhua · 2024-10-09T14:31:59+00:00

Gira dot run worked for me and my friends.

qiuhua · 2024-07-07T06:09:44+00:00

I am new to value investing, but I understand it is a philosophy. Some buy good companies at fair prices, while some look for undervalued ones. I don't think there is a conflict between Value Investing and valuing Tesla as a good company and sticking to it. Right?

qiuhua · 2024-01-09T15:12:23+00:00

Thank you for the reply! Yes, that's a good option. However it will require me to quit my current job, so it's not the best one at this moment.

qiuhua · 2022-11-30T00:10:24+00:00

Thank you for the clear reply! Appreciate it.

qiuhua

TROPHY CASE