Good evening, brothers!
In his letter to shareholders in 1980, Buffett wrote: "Due to the impact of high inflation rates, more and more companies will find that they must reinvest every dollar they earn to maintain their original productivity. No matter how good the numbers look on paper, we will remain highly vigilant unless we see real cash." Thus, Buffett stated that he prefers companies that "generate cash" rather than those that "consume cash."
Munger has also discussed the difference between these two types of companies: the first type earns 12% each year, and by the end of the year, shareholders can take the profits without affecting their original productivity; the second type also earns 12% each year, but all cash must be reinvested to maintain their original productivity. The first type belongs to "cash-generating" companies; the second type belongs to "cash-consuming" companies.
From this, I am reminded of what kind of people are welcomed and what kind are disliked. The answer is that those who can bring value to others are welcomed, while those who continuously consume others' energy are disliked. Understanding this, in interpersonal interactions, we must avoid transmitting negative energy to the outside world and strive to empower others, so that they become better because of our presence.
……
In the face of the rapid advancement of stablecoin legislation in the United States, the European Union is reassessing and accelerating its digital euro plan to defend the competitiveness of the euro and Europe's financial sovereignty.
According to a report by the Financial Times on August 22, participants in the discussions revealed that the "Genius Act," which aims to regulate the $288 billion stablecoin market and was passed by the U.S. Congress last month, has caused a stir in Brussels and Frankfurt. This legislation has prompted EU officials to feel a sense of urgency, believing that action must be accelerated.
BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.
On the daily level, the price continues to be suppressed by the moving averages, showing an average price trend.
In summary, the support level is 112300, and the resistance level is 112800.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a healthy price trend, with a support level of 4280 and a resistance level of 4310.
LTC: The price continues to fluctuate near the middle band of the Bollinger Bands, showing an average price trend, with a support level of 114 and a resistance level of 116.
BCH: The price continues to stay near the middle band of the Bollinger Bands, showing a healthy price trend, with a support level of 550 and a resistance level of 570.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
