Good evening, brothers!
Today is Saturday, and the weather is clear. After lunch, I took my mom, wife, and two kids to the park to play.
As for me, I went for a run.
After all, as long as we are alive, we can continuously enjoy the compounding benefits of the market, how wonderful it is.
A summary of value investing
In his 1975 letter to shareholders, Buffett first mentioned the "insurance investment" sector. He said, "Our stock investments are concentrated in a few companies that have outstanding competitive advantages, capable management, and the purchase price must be attractive. When these criteria are met, we tend to hold for the long term." This statement by Buffett essentially summarizes his investment style:
First, concentrated investment. For ordinary investors, holding 5 to 10 stocks is completely sufficient. Second, good companies. The company has a clear "moat," and the management is reliable. Third, good prices. No matter how excellent a company is, buying it at a high price won't make a profit. Fourth, long-term holding. If the company's fundamentals do not deteriorate and the stock price is not overvalued, long-term holding is the most worry-free and comfortable investment method.
Buffett mentioned his purchase of The Washington Post, at that time he held 467,150 shares with an investment cost of $10.63 million. Buffett announced that they would hold these stocks forever. It is worth mentioning that Buffett bought The Washington Post in 1973, and in 1974 he was about 26% underwater, and by 1975 he still had not started to realize a profit. However, from Buffett's expression, he was very confident in this investment.
……
This Wednesday, the reserves of the U.S. banking system fell below $3 trillion for the first time in four years, raising concerns among market participants about whether the Federal Reserve's ongoing quantitative tightening (QT) could trigger a liquidity crisis. Considering the impending return of the U.S. government debt ceiling statutory limit, the U.S. financial market first faces the liquidity "flood" brought by the Treasury after the debt ceiling takes effect. Only after the debt ceiling is resolved does it face the risk of a significant "drain" and the negative threat to risk assets.
BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.
On the daily level, the price continues to oscillate near multiple moving averages.
In summary, support level at 97,500, resistance level at 98,000.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the short-term price is already overbought, indicating a need for a pullback, with a support level at 3,570 and a resistance level at 3,600.
LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price is already overbought, indicating a need for a short-term pullback, with a support level at 106 and a resistance level at 116.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, but the short-term market is overbought, so caution is needed for a potential pullback, with a support level at 460 and a resistance level at 480.
That's all for now, good night!
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