Taurus Pink personal page - To The Moon

Taurus Pink

Taurus Pink

No personal profile

36Follow

13Followers

5Topic

0Badge

2023-06-15

Answer : D.Around 5% [开心] [开心] @nerdbull1669 @LMSunshine

@Tiger_comments:[9th Anniv. Quiz] With Fed "June Pause” Strengthened, Be Fear or Greed?

2023-06-20

Answer D. 95% [害羞] [害羞] [害羞] @titajack @koolgal @BenjiFuji @Daily_Discussion @JC888 @nerdbull1669

@Tiger_comments:9th Anniversary Quiz: Investing & Tiger (8)

2023-06-10

Answer B.not allowed [爱心] [爱心] [爱心] @LMSunshine @LMSunshine

@Tiger_comments:[9th Anniv. Quiz] Analysts Suggest Cautious As SPX. Entered Technical Bull Market

2023-07-04

[微笑] [微笑] [微笑]

How an investment that Buffett called a "financial disaster" happened

2023-06-27

🥴🥴🥴🥴🥴🥶🥶🥶🥶

2023-06-25

😁😁😁😁😁😁😁

2023-06-24

🤗🤗🤗🤗🤗🤗🤗

2023-06-20

😬😬😬😬🥰🥰🥰😘😘😘

2023-03-10

So good app. Not just invest only. Also include other one. Like can watch video, getting any news,get some rewards,can share your article.pretty good.

2024-03-02

[得意] [得意] [得意] [得意]

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4141087974150782","uuid":"4141087974150782","gmtCreate":1678362404380,"gmtModify":1678451144963,"name":"Taurus Pink","pinyin":"tauruspinktauruspink","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":13,"headSize":36,"tweetSize":217,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":5,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.12.04","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.19","exceedPercentage":"80.80%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.11","exceedPercentage":"60.96%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":5,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":491608079131528,"gmtCreate":1761044071791,"gmtModify":1761044073747,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[得意] [得意] [得意]","listText":"[得意] [得意] [得意]","text":"[得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/491608079131528","isVote":1,"tweetType":1,"viewCount":2221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":491606598316584,"gmtCreate":1761043807150,"gmtModify":1761043809307,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;","listText":"[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;","text":"[得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/491606598316584","repostId":"2577528811","repostType":4,"repost":{"id":"2577528811","kind":"news","pubTimestamp":1761018244,"share":"https://ttm.financial/m/news/2577528811?lang=en_US&edition=fundamental","pubTime":"2025-10-21 11:44","market":"hk","language":"zh","title":"AI soars to fly the semiconductor industry! Bank of America Forecasts Top Trillion Dollar Scale in 2027","url":"https://stock-news.laohu8.com/highlight/detail?id=2577528811","media":"智通财经","summary":"智通财经APP获悉，美国银行表示，受人工智能相关领域需求激增推动，2027年全球半导体销售额有望达到约1万亿美元。这一预测较该行此前给出的8600亿美元可谓显著上调。具体来看，美国银行预测2025、2026及2027年行业销售额将分别达到7450亿、8700亿和9710亿美元，较此前预期上调约3%至6%。除芯片销售额外，美国银行分析师还更新了对半导体设备支出的预测，预计2025至2027年支出规模将分别达到1180亿、1280亿和1380亿美元。","content":"<p><html><head></head><body>Global semiconductor sales are expected to reach about $1 trillion in 2027, driven by surging demand in artificial intelligence (AI) -related fields, Bank of America said, Zhitong Finance APP has learned. This forecast is significantly higher than the $860 billion previously given by the bank.</p><p>The bank's analysts pointed out in a report to customers: \"We believe that the growth prospects of memory chips (covering high-bandwidth memory HBM, general-purpose DRAM and NAND flash memory) and data center/AI-related components will be significantly better, and the performance of consumer electronics/automotive will slightly offset the overall growth.\"</p><p>The analyst further added: \"... We still believe that the structural resilience of the current AI infrastructure construction will be stronger than any previous large-scale industry cycle, so we remain optimistic about AI-related capital expenditure.\"</p><p>Specifically, Bank of America forecasts industry sales to reach US$745 billion, US$870 billion and US$971 billion in 2025, 2026 and 2027, respectively, an increase of about 3% to 6% from previous expectations. Excluding the memory chip segment, sales in 2025-2027 are expected to reach 538 billion, 621 billion and 706 billion USD respectively.</p><p>The bank also reiterated its top five stock picks in the space:<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>(NVDA.US),<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>(AVGO.US),<a href=\"https://laohu8.com/S/AMD\">AMD</a>(AMD.US), Panlin Group (LRCX.US) and<a href=\"https://laohu8.com/S/KLAC\">Ke Lei</a>(KLAC.US), arguing that these companies would most benefit from the \"strong outlook for data center and storage spending.\"</p><p>In addition to chip sales, Bank of America analysts also updated their forecasts for semiconductor equipment spending, which is expected to reach $118 billion, $128 billion and $138 billion from 2025 to 2027, respectively. While the strength of growth is likely to slow in 2026 and 2027, this is in line with the bank's view that spending on chip devices will grow \"sustainably\" in the coming years.</p><p>The analyst added: \"In the long run, we believe that the capital intensity of the semiconductor industry may stabilize in the range of 14%-17%, which is 100-400 basis points higher than the historical average of 13%. The core reason for this change is that the complexity of the semiconductor manufacturing process has been significantly improved. Compared with the previous forecast, the expenditure in the data center/AI field will rise, while the expenditure in the consumer electronics/automotive field will decline.\"</p><p>Finally, the analyst emphasized: \"Our new industry model shows that the fields of memory chips and data centers/AI will achieve faster growth, while the recovery of consumer electronics, personal computers, smartphones and automotive terminal markets will slightly offset the overall growth. It is worth noting that we currently predict that the year-on-year growth rates of data center-related components such as servers (only chips) and wired infrastructure will reach 55% and 28% respectively in 2025; As the industry enters a broader cyclical recovery in 2026-2027, year-over-year growth in all end markets will pick up further. \"</p><p></body></html></p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI soars to fly the semiconductor industry! Bank of America Forecasts Top Trillion Dollar Scale in 2027</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI soars to fly the semiconductor industry! Bank of America Forecasts Top Trillion Dollar Scale in 2027\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2025-10-21 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Global semiconductor sales are expected to reach about $1 trillion in 2027, driven by surging demand in artificial intelligence (AI) -related fields, Bank of America said, Zhitong Finance APP has learned. This forecast is significantly higher than the $860 billion previously given by the bank.</p><p>The bank's analysts pointed out in a report to customers: \"We believe that the growth prospects of memory chips (covering high-bandwidth memory HBM, general-purpose DRAM and NAND flash memory) and data center/AI-related components will be significantly better, and the performance of consumer electronics/automotive will slightly offset the overall growth.\"</p><p>The analyst further added: \"... We still believe that the structural resilience of the current AI infrastructure construction will be stronger than any previous large-scale industry cycle, so we remain optimistic about AI-related capital expenditure.\"</p><p>Specifically, Bank of America forecasts industry sales to reach US$745 billion, US$870 billion and US$971 billion in 2025, 2026 and 2027, respectively, an increase of about 3% to 6% from previous expectations. Excluding the memory chip segment, sales in 2025-2027 are expected to reach 538 billion, 621 billion and 706 billion USD respectively.</p><p>The bank also reiterated its top five stock picks in the space:<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>(NVDA.US),<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>(AVGO.US),<a href=\"https://laohu8.com/S/AMD\">AMD</a>(AMD.US), Panlin Group (LRCX.US) and<a href=\"https://laohu8.com/S/KLAC\">Ke Lei</a>(KLAC.US), arguing that these companies would most benefit from the \"strong outlook for data center and storage spending.\"</p><p>In addition to chip sales, Bank of America analysts also updated their forecasts for semiconductor equipment spending, which is expected to reach $118 billion, $128 billion and $138 billion from 2025 to 2027, respectively. While the strength of growth is likely to slow in 2026 and 2027, this is in line with the bank's view that spending on chip devices will grow \"sustainably\" in the coming years.</p><p>The analyst added: \"In the long run, we believe that the capital intensity of the semiconductor industry may stabilize in the range of 14%-17%, which is 100-400 basis points higher than the historical average of 13%. The core reason for this change is that the complexity of the semiconductor manufacturing process has been significantly improved. Compared with the previous forecast, the expenditure in the data center/AI field will rise, while the expenditure in the consumer electronics/automotive field will decline.\"</p><p>Finally, the analyst emphasized: \"Our new industry model shows that the fields of memory chips and data centers/AI will achieve faster growth, while the recovery of consumer electronics, personal computers, smartphones and automotive terminal markets will slightly offset the overall growth. It is worth noting that we currently predict that the year-on-year growth rates of data center-related components such as servers (only chips) and wired infrastructure will reach 55% and 28% respectively in 2025; As the industry enters a broader cyclical recovery in 2026-2027, year-over-year growth in all end markets will pick up further. \"</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/1357411.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/036b31d2930c33ad5b8d67f38195f24f","relate_stocks":{"BK4588":"碎股","SMH":"半导体指数ETF-HOLDRs","BK4585":"ETF&股票定投概念","SOXX":"iShares费城交易所半导体ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/1357411.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2577528811","content_text":"智通财经APP获悉，美国银行表示，受人工智能(AI)相关领域需求激增推动，2027年全球半导体销售额有望达到约1万亿美元。这一预测较该行此前给出的8600亿美元可谓显著上调。该行分析师在致客户报告中指出：“我们认为，存储芯片(涵盖高带宽内存HBM、通用型DRAM及NAND闪存)以及数据中心/AI相关组件的增长前景将显著向好，消费电子/汽车领域的表现则会对整体增长形成小幅抵消。”分析师进一步补充称：“……我们仍认为，当前AI基础设施建设的结构性韧性，将强于以往任何一轮大型行业周期，因此对AI相关资本支出保持乐观态度。”具体来看，美国银行预测2025、2026及2027年行业销售额将分别达到7450亿、8700亿和9710亿美元，较此前预期上调约3%至6%。若剔除存储芯片板块，2025-2027年的销售额预计将分别达到5380亿、6210亿和7060亿美元。该行还重申了在该领域的五大首选股：英伟达(NVDA.US)、博通(AVGO.US)、AMD(AMD.US)、泛林集团(LRCX.US)和科磊(KLAC.US)，认为这些公司最能受益于“数据中心和存储支出的强劲前景”。除芯片销售额外，美国银行分析师还更新了对半导体设备支出的预测，预计2025至2027年支出规模将分别达到1180亿、1280亿和1380亿美元。尽管2026和2027年的增长强度可能放缓，但这符合该行关于未来几年芯片设备支出将实现“可持续”增长的观点。分析师补充道：“长期来看，我们认为半导体行业的资本密集度或将稳定在14%-17%区间，较13%的历史平均水平高出100-400个基点。这一变化的核心原因是，半导体制造工艺的复杂性已显著提升。与此前预测相比，数据中心/AI领域支出将上升，消费电子/汽车领域支出则会下降。”分析师最后强调：“我们的新行业模型显示，存储芯片与数据中心/AI领域将实现更快增长，而消费电子、个人电脑、智能手机及汽车终端市场的复苏放缓，将对整体增长形成小幅抵消。值得注意的是，我们目前预测2025年服务器(仅含芯片)、有线基础设施等数据中心相关组件的同比增速，将分别达到55%和28%;随着2026-2027年行业进入更广泛的周期性复苏，所有终端市场的同比增速都将进一步回升。”","news_type":1,"symbols_score_info":{"SMH":0.6,"SOXX":0.6}},"isVote":1,"tweetType":1,"viewCount":2082,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":491606446014856,"gmtCreate":1761043765452,"gmtModify":1761043769201,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;","listText":"[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;[得意]&nbsp;&nbsp;","text":"[得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/491606446014856","repostId":"1194080234","repostType":4,"isVote":1,"tweetType":1,"viewCount":2376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382953413722160,"gmtCreate":1734522939061,"gmtModify":1734522942837,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382953413722160","repostId":"382727291211992","repostType":1,"repost":{"id":382727291211992,"gmtCreate":1734447409468,"gmtModify":1735270619333,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/1f15eae4f682dc4cb91bfca455452752","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"RGTI zooms to $11 as FOMC meeting Kicks Off?","htmlText":"On Mon, 16 Dec 2024, US market still exhibited a nervous stance, despite CME Fedwatch tool still registers an elevated 97% probability of a -0.25% interest cut, while bitcoin surged to a record high of $107,800 intraday. When US market called it a day: DJIA: -0.25% (-110.58 to 43,717.48). Closed lower for 8th straight day. S&amp;P 500: +0.38% (+22.99 to 6,074.08). Coming off its first losing week in the past month. Nasdaq: +1.24% (247.17 to 20,173.89). Tech index crossed its first 20,000 points record high. Magnificent Seven performances on 16 Dec 2024 Although Nasdaq had a new ‘peak’, only two sectors and two particular stocks “helped” push Nasdaq its finishing close; not all Magnificent Seven stocks. (see above) It was sector “Communications services” and","listText":"On Mon, 16 Dec 2024, US market still exhibited a nervous stance, despite CME Fedwatch tool still registers an elevated 97% probability of a -0.25% interest cut, while bitcoin surged to a record high of $107,800 intraday. When US market called it a day: DJIA: -0.25% (-110.58 to 43,717.48). Closed lower for 8th straight day. S&amp;P 500: +0.38% (+22.99 to 6,074.08). Coming off its first losing week in the past month. Nasdaq: +1.24% (247.17 to 20,173.89). Tech index crossed its first 20,000 points record high. Magnificent Seven performances on 16 Dec 2024 Although Nasdaq had a new ‘peak’, only two sectors and two particular stocks “helped” push Nasdaq its finishing close; not all Magnificent Seven stocks. (see above) It was sector “Communications services” and","text":"On Mon, 16 Dec 2024, US market still exhibited a nervous stance, despite CME Fedwatch tool still registers an elevated 97% probability of a -0.25% interest cut, while bitcoin surged to a record high of $107,800 intraday. When US market called it a day: DJIA: -0.25% (-110.58 to 43,717.48). Closed lower for 8th straight day. S&P 500: +0.38% (+22.99 to 6,074.08). Coming off its first losing week in the past month. Nasdaq: +1.24% (247.17 to 20,173.89). Tech index crossed its first 20,000 points record high. Magnificent Seven performances on 16 Dec 2024 Although Nasdaq had a new ‘peak’, only two sectors and two particular stocks “helped” push Nasdaq its finishing close; not all Magnificent Seven stocks. (see above) It was sector “Communications services” and","images":[{"img":"https://community-static.tradeup.com/news/adb2260654a7ca7cdc68a0cd368ba664","width":"573","height":"229"},{"img":"https://community-static.tradeup.com/news/1968fe3a226ca4e67458e585fdc963b5","width":"1095","height":"673"},{"img":"https://community-static.tradeup.com/news/01795f95f1f39a7c8ae37666428d9f2d","width":"1070","height":"676"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382727291211992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379701650481336,"gmtCreate":1733726148226,"gmtModify":1733726151819,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379701650481336","isVote":1,"tweetType":1,"viewCount":4262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379209718853840,"gmtCreate":1733612188782,"gmtModify":1733612191899,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379209718853840","isVote":1,"tweetType":1,"viewCount":3879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379225626136632,"gmtCreate":1733612153899,"gmtModify":1733612157957,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379225626136632","isVote":1,"tweetType":1,"viewCount":3887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376770353709360,"gmtCreate":1733027704904,"gmtModify":1733027707373,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376770353709360","isVote":1,"tweetType":1,"viewCount":4024,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376924992127288,"gmtCreate":1733027523318,"gmtModify":1733027526467,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376924992127288","isVote":1,"tweetType":1,"viewCount":3797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371629005754528,"gmtCreate":1731738856280,"gmtModify":1731738859417,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371629005754528","isVote":1,"tweetType":1,"viewCount":3828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364890912555168,"gmtCreate":1730094935754,"gmtModify":1730094939317,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364890912555168","isVote":1,"tweetType":1,"viewCount":3123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363900768055552,"gmtCreate":1729853297201,"gmtModify":1729853300728,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363900768055552","isVote":1,"tweetType":1,"viewCount":2536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363900445872376,"gmtCreate":1729853217297,"gmtModify":1729853221320,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363900445872376","isVote":1,"tweetType":1,"viewCount":2766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361628461322336,"gmtCreate":1729308072399,"gmtModify":1729308076284,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361628461322336","isVote":1,"tweetType":1,"viewCount":1691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359320759947464,"gmtCreate":1728732699185,"gmtModify":1728732701820,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359320759947464","isVote":1,"tweetType":1,"viewCount":1988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358136508195120,"gmtCreate":1728455992661,"gmtModify":1728455996260,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","listText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","text":"[龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358136508195120","repostId":"357907856326976","repostType":1,"repost":{"id":357907856326976,"gmtCreate":1728400169512,"gmtModify":1728459077529,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/1f15eae4f682dc4cb91bfca455452752","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"US Stocks  Surge/Crash  as Earnings Kick Off ?","htmlText":"Last week was an “interesting” way to kickstart Q4 2024 and the first week of October. 3 main events influenced and presided over the US market: Tue, 01 Oct 2024. Iran missiles attack. Status - “opened”. Tue, 01 Oct 2024. US Port strike. Status - “pend until 15 Jan 2024”. Fri, 04 Oct 2024. US Non-farm payroll report. Status - “completed”. Coupled with the 4 jobs related reports released between Tue, 01 Oct to Fri, 04 Oct, the US market edged marginally higher by the end of the week. (see below) Despite a (a) fluctuating rate cut bets, (b) geopolitical tensions, and (3) supply chain concerns: DJIA: +0.15% (+63.0 to 42,352.75). S&amp;P 500: +0.43% (+24.55 to 5,715.07). Nasdaq: +0.38% (+68.02 to 18,137.85). As we head into a new week, I will be curious if residual effect from last week’s even","listText":"Last week was an “interesting” way to kickstart Q4 2024 and the first week of October. 3 main events influenced and presided over the US market: Tue, 01 Oct 2024. Iran missiles attack. Status - “opened”. Tue, 01 Oct 2024. US Port strike. Status - “pend until 15 Jan 2024”. Fri, 04 Oct 2024. US Non-farm payroll report. Status - “completed”. Coupled with the 4 jobs related reports released between Tue, 01 Oct to Fri, 04 Oct, the US market edged marginally higher by the end of the week. (see below) Despite a (a) fluctuating rate cut bets, (b) geopolitical tensions, and (3) supply chain concerns: DJIA: +0.15% (+63.0 to 42,352.75). S&amp;P 500: +0.43% (+24.55 to 5,715.07). Nasdaq: +0.38% (+68.02 to 18,137.85). As we head into a new week, I will be curious if residual effect from last week’s even","text":"Last week was an “interesting” way to kickstart Q4 2024 and the first week of October. 3 main events influenced and presided over the US market: Tue, 01 Oct 2024. Iran missiles attack. Status - “opened”. Tue, 01 Oct 2024. US Port strike. Status - “pend until 15 Jan 2024”. Fri, 04 Oct 2024. US Non-farm payroll report. Status - “completed”. Coupled with the 4 jobs related reports released between Tue, 01 Oct to Fri, 04 Oct, the US market edged marginally higher by the end of the week. (see below) Despite a (a) fluctuating rate cut bets, (b) geopolitical tensions, and (3) supply chain concerns: DJIA: +0.15% (+63.0 to 42,352.75). S&P 500: +0.43% (+24.55 to 5,715.07). Nasdaq: +0.38% (+68.02 to 18,137.85). As we head into a new week, I will be curious if residual effect from last week’s even","images":[{"img":"https://community-static.tradeup.com/news/29988d4c42c11039659e58be73bd3288","width":"380","height":"148"},{"img":"https://community-static.tradeup.com/news/9b3c9267d4065c7795acbba91d5e4fa2","width":"1466","height":"916"},{"img":"https://community-static.tradeup.com/news/e2eda332cfd9c1e55fb23f14c0f08f47","width":"868","height":"223"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357907856326976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":15,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358062199619968,"gmtCreate":1728454314643,"gmtModify":1728454317338,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","listText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358062199619968","repostId":"1151646934","repostType":4,"repost":{"id":"1151646934","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1728438828,"share":"https://ttm.financial/m/news/1151646934?lang=en_US&edition=fundamental","pubTime":"2024-10-09 09:53","market":"us","language":"zh","title":"Market News: U.S. Department of Justice Considers Proposing to Spin-off Part of Google's Business","url":"https://stock-news.laohu8.com/highlight/detail?id=1151646934","media":"老虎资讯综合","summary":"10月9日，美国称正在考虑分拆$谷歌(GOOG)$，以作为垄断案的补救措施。（彭博）","content":"<p><html><head></head><body>On Oct. 9, the Justice Department told a federal judge that it was considering recommending that Google be forced to sell parts of its business to mitigate the damage caused by its monopoly on the online search market.</p><p>In a court filing Tuesday, the Justice Department said Judge Amit Mehta could also force Alphabet to provide underlying data used to build search results and AI products. \"Conduct and structural remedies are being considered to prevent Google from using products such as Chrome, Play and Android to build an advantage over competitors or new entrants in Google Search and Google Search-related products and features,\" the Justice Department said in the filing, and Google gained scale and data benefits by entering into illegal distribution agreements with other tech companies to make its search engine the default option for smartphones and web browsers. It is the first time authorities have split up a company on the grounds of illegal monopoly since an effort to break up Microsoft failed 20 years ago.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d85ad46bcf54fbb7874e571b13bc2db\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market News: U.S. Department of Justice Considers Proposing to Spin-off Part of Google's Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket News: U.S. Department of Justice Considers Proposing to Spin-off Part of Google's Business\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2024-10-09 09:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Oct. 9, the Justice Department told a federal judge that it was considering recommending that Google be forced to sell parts of its business to mitigate the damage caused by its monopoly on the online search market.</p><p>In a court filing Tuesday, the Justice Department said Judge Amit Mehta could also force Alphabet to provide underlying data used to build search results and AI products. \"Conduct and structural remedies are being considered to prevent Google from using products such as Chrome, Play and Android to build an advantage over competitors or new entrants in Google Search and Google Search-related products and features,\" the Justice Department said in the filing, and Google gained scale and data benefits by entering into illegal distribution agreements with other tech companies to make its search engine the default option for smartphones and web browsers. It is the first time authorities have split up a company on the grounds of illegal monopoly since an effort to break up Microsoft failed 20 years ago.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d85ad46bcf54fbb7874e571b13bc2db\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f348812ea39b45cad3d64af127992eb9","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","GOOGL":"谷歌A","GOOG":"谷歌","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151646934","content_text":"10月9日，美国司法部对一名联邦法官表示，司法部正在考虑建议强制谷歌出售其部分业务，以减轻其对在线搜索市场的垄断所造成的损害。在周二提交的一份法庭文件中，司法部称，法官Amit Mehta还可以强制要求Alphabet提供用于构建搜索结果和人工智能产品的基础数据。司法部在文件中称，“正在考虑采取行为和结构性补救措施，防止谷歌利用Chrome、Play和Android等产品在谷歌搜索以及谷歌搜索相关产品和功能方面对竞争对手或新进入者形成优势”，谷歌通过与其他科技公司签订非法分销协议，使其搜索引擎成为智能手机和网络浏览器的默认选项，从而获得了规模和数据上的利益。这是自20年前拆分微软的努力失败以来，当局首次以非法垄断为由拆分一家公司。","news_type":1,"symbols_score_info":{"GOOG":1,"GOOGL":1}},"isVote":1,"tweetType":1,"viewCount":1500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358129489928304,"gmtCreate":1728454278694,"gmtModify":1728454282812,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","listText":"[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;[龇牙]&nbsp;&nbsp;","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358129489928304","repostId":"1154163803","repostType":4,"repost":{"id":"1154163803","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1728452032,"share":"https://ttm.financial/m/news/1154163803?lang=en_US&edition=fundamental","pubTime":"2024-10-09 13:33","market":"us","language":"zh","title":"TSMC's September sales were NT$251.87 billion, up 39.6% year-on-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1154163803","media":"老虎资讯综合","summary":"10月9日，$台积电(TSM)$：9月销售额2518.7亿元台币，同比增长39.6％。","content":"<p><html><head></head><body>On October 9,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Announced the net revenue in September, with sales of NT$251.87 billion in September, a year-on-year increase of 39.6% and a month-on-month increase of 0.4%; Year-to-date, TSMC's sales totaled NT$2025.85 billion, up 31.9% from the same period last year.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d0b8c7dbc320403a5a245ce3b66ba43d\" title=\"\" tg-width=\"1081\" tg-height=\"273\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC's September sales were NT$251.87 billion, up 39.6% year-on-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC's September sales were NT$251.87 billion, up 39.6% year-on-year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2024-10-09 13:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On October 9,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Announced the net revenue in September, with sales of NT$251.87 billion in September, a year-on-year increase of 39.6% and a month-on-month increase of 0.4%; Year-to-date, TSMC's sales totaled NT$2025.85 billion, up 31.9% from the same period last year.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d0b8c7dbc320403a5a245ce3b66ba43d\" title=\"\" tg-width=\"1081\" tg-height=\"273\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8ab46ee73bd1bbc4ed7da6a69f14e5d5","relate_stocks":{"LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4505":"高瓴资本持仓","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","EWT":"台湾ETF-iShares MSCI","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","03145":"华夏亚洲高息股","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","BK4526":"热门中概股","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","TSM":"台积电","BK4503":"景林资产持仓","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154163803","content_text":"10月9日，台积电公布了9月的净营收，9月销售额2518.7亿元台币，同比增长39.6％，环比增长0.4%；今年迄今，台积电销售额总计新台币20258.5亿元台币，较去年同期增长31.9%。","news_type":1,"symbols_score_info":{"EWT":0.6,"TSM":1,"03145":0.6,"TWmain":1}},"isVote":1,"tweetType":1,"viewCount":1838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354325302329488,"gmtCreate":1727513387837,"gmtModify":1727513391682,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354325302329488","isVote":1,"tweetType":1,"viewCount":1973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351433602662504,"gmtCreate":1726837878357,"gmtModify":1726837881056,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[龇牙] [龇牙] [龇牙]","listText":"[龇牙] [龇牙] [龇牙]","text":"[龇牙] [龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351433602662504","isVote":1,"tweetType":1,"viewCount":1480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9979330609,"gmtCreate":1686779523901,"gmtModify":1686779530154,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"Answer : D.Around 5%&nbsp; [开心] [开心]<a href=\"https://ttm.financial/U/4102123614530830\"> @nerdbull1669 </a><a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a>","listText":"Answer : D.Around 5%&nbsp; [开心] [开心]<a href=\"https://ttm.financial/U/4102123614530830\"> @nerdbull1669 </a><a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a>","text":"Answer : D.Around 5% [开心] [开心] @nerdbull1669 @LMSunshine","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":15,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/9979330609","repostId":"187275402805248","repostType":1,"repost":{"id":187275402805248,"gmtCreate":1686729677152,"gmtModify":1686746354239,"author":{"id":"3501196737273098","authorId":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3501196737273098","authorIdStr":"3501196737273098"},"themes":[],"title":"[9th Anniv. Quiz] With Fed \"June Pause” Strengthened, Be Fear or Greed?","htmlText":"Topic for tigers: In today's market, do you see more greed or fear?May CPI data on Tuesday shows US inflation continued to cool down, and expectations for the Fed to pause(Probabilities of no change is 95.34% )interest rate hikes in June were strengthened.Even most Economists expect Fed to pause in June as follows:After the CPI data, all the three major U.S. stock indexes closed up collectively. The <a href=\"https://ttm.financial/S/.DJI\">$道琼斯(.DJI)$</a> rose for six consecutive days, hitting a four-month high. .On the disk, technology stocks continued to lead. <a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$</a> rose 3.55%, rising for 13 consecutive trading days, setting a new record for the company's longest winning streak in history; <a href=\"https://ttm.financial/S/NVDA\">$英伟达(NVDA)$&lt;/</a>","listText":"Topic for tigers: In today's market, do you see more greed or fear?May CPI data on Tuesday shows US inflation continued to cool down, and expectations for the Fed to pause(Probabilities of no change is 95.34% )interest rate hikes in June were strengthened.Even most Economists expect Fed to pause in June as follows:After the CPI data, all the three major U.S. stock indexes closed up collectively. The <a href=\"https://ttm.financial/S/.DJI\">$道琼斯(.DJI)$</a> rose for six consecutive days, hitting a four-month high. .On the disk, technology stocks continued to lead. <a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$</a> rose 3.55%, rising for 13 consecutive trading days, setting a new record for the company's longest winning streak in history; <a href=\"https://ttm.financial/S/NVDA\">$英伟达(NVDA)$&lt;/</a>","text":"Topic for tigers: In today's market, do you see more greed or fear?May CPI data on Tuesday shows US inflation continued to cool down, and expectations for the Fed to pause(Probabilities of no change is 95.34% )interest rate hikes in June were strengthened.Even most Economists expect Fed to pause in June as follows:After the CPI data, all the three major U.S. stock indexes closed up collectively. The $道琼斯(.DJI)$ rose for six consecutive days, hitting a four-month high. .On the disk, technology stocks continued to lead. $特斯拉(TSLA)$ rose 3.55%, rising for 13 consecutive trading days, setting a new record for the company's longest winning streak in history; $英伟达(NVDA)$</","images":[{"img":"https://community-static.tradeup.com/news/87f39fdb5501cfe8909fecf0784e873d","width":"404","height":"143"},{"img":"https://community-static.tradeup.com/news/3ce79cf03fe87ac4ef323ae0e1fc68e2"},{"img":"https://community-static.tradeup.com/news/7c7d83901db86398bce2c3f5916fc5a1","width":"1080","height":"1132"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187275402805248","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":9,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979321876,"gmtCreate":1687216944195,"gmtModify":1687216949182,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"Answer&nbsp; D. 95% [害羞] [害羞] [害羞]<a href=\"https://ttm.financial/U/4105792568509970\"> @titajack </a><a href=\"https://ttm.financial/U/3559581955535845\"> @koolgal </a><a href=\"https://ttm.financial/U/4110175785559852\"> @BenjiFuji </a><a href=\"https://ttm.financial/U/3527667621665671\"> @Daily_Discussion </a><a href=\"https://ttm.financial/U/3570103090255456\"> @JC888 </a><a href=\"https://ttm.financial/U/4102123614530830\"> @nerdbull1669 </a>","listText":"Answer&nbsp; D. 95% [害羞] [害羞] [害羞]<a href=\"https://ttm.financial/U/4105792568509970\"> @titajack </a><a href=\"https://ttm.financial/U/3559581955535845\"> @koolgal </a><a href=\"https://ttm.financial/U/4110175785559852\"> @BenjiFuji </a><a href=\"https://ttm.financial/U/3527667621665671\"> @Daily_Discussion </a><a href=\"https://ttm.financial/U/3570103090255456\"> @JC888 </a><a href=\"https://ttm.financial/U/4102123614530830\"> @nerdbull1669 </a>","text":"Answer D. 95% [害羞] [害羞] [害羞] @titajack @koolgal @BenjiFuji @Daily_Discussion @JC888 @nerdbull1669","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/9979321876","repostId":"189132762316896","repostType":1,"repost":{"id":189132762316896,"gmtCreate":1687180347895,"gmtModify":1687180379337,"author":{"id":"3501196737273098","authorId":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3501196737273098","authorIdStr":"3501196737273098"},"themes":[],"title":"9th Anniversary Quiz: Investing & Tiger (8)","htmlText":"Hello, everyone! It’s time for quiz!!!!!!!Our eighth question is: What percentage of Tiger's US equities is self-clearing?Remember to write your answer in the comment section and repost!Don’t forget to follow me and join the quiz!","listText":"Hello, everyone! It’s time for quiz!!!!!!!Our eighth question is: What percentage of Tiger's US equities is self-clearing?Remember to write your answer in the comment section and repost!Don’t forget to follow me and join the quiz!","text":"Hello, everyone! It’s time for quiz!!!!!!!Our eighth question is: What percentage of Tiger's US equities is self-clearing?Remember to write your answer in the comment section and repost!Don’t forget to follow me and join the quiz!","images":[{"img":"https://community-static.tradeup.com/news/acbfdb5f93c82462ad3a5ca017e00efc","width":"1000","height":"1000"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189132762316896","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979952993,"gmtCreate":1686353238313,"gmtModify":1686353262839,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"Answer B.not allowed [爱心] [爱心] [爱心] <a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a><a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a>","listText":"Answer B.not allowed [爱心] [爱心] [爱心] <a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a><a href=\"https://ttm.financial/U/4113904591642392\"> @LMSunshine </a>","text":"Answer B.not allowed [爱心] [爱心] [爱心] @LMSunshine @LMSunshine","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":12,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/9979952993","repostId":"185597897265152","repostType":1,"repost":{"id":185597897265152,"gmtCreate":1686320129902,"gmtModify":1686563137787,"author":{"id":"3501196737273098","authorId":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3501196737273098","authorIdStr":"3501196737273098"},"themes":[],"title":"[9th Anniv. Quiz] Analysts Suggest Cautious As SPX. Entered Technical Bull Market","htmlText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","listText":"On Thursday, three major US stock indexes collectively closed higher. At the close, <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&amp;P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&amp;P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","text":"On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges","images":[{"img":"https://community-static.tradeup.com/news/e5b60827ac5865da6b69db1de4f9474e","width":"950","height":"1580"},{"img":"https://community-static.tradeup.com/news/8c908266987fc98b3287b8e6362b0624","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/f09a0c82d8d8204398d3f2ef2be5092d","width":"1000","height":"836"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185597897265152","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194112009691344,"gmtCreate":1688430396698,"gmtModify":1688430403332,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"[微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194112009691344","repostId":"1131220953","repostType":4,"repost":{"id":"1131220953","kind":"news","pubTimestamp":1688396881,"share":"https://ttm.financial/m/news/1131220953?lang=en_US&edition=fundamental","pubTime":"2023-07-03 23:08","market":"us","language":"zh","title":"How an investment that Buffett called a \"financial disaster\" happened","url":"https://stock-news.laohu8.com/highlight/detail?id=1131220953","media":"聪明投资者","summary":"我从不想跟一个丑女人上床，但当我确信好几次醒来，身边躺的就是。","content":"<p><html><head></head><body>In Buffett's investment career, there are countless successful stories.</p><p><p style=\"text-align: justify;\">However, a wise man will inevitably make a mistake. In fact, Buffett has repeatedly reflected on the mistakes in his investment.</p><p><p style=\"text-align: justify;\">In 1993, Buffett bought Dexter Shoe in a share swap.</p><p><p style=\"text-align: justify;\">At the time, Buffett was confident in the company, publicly praising it as a \"business jewel\" and one of the best-managed companies he'd seen in his career.</p><p><p style=\"text-align: justify;\">However, everything has changed in the years since, with Dexter facing competition from importing low-priced shoes and falling profits, dragging down Berkshire's entire shoe industry.</p><p><p style=\"text-align: justify;\">Eventually, in 2001, it was incorporated into Berkshire's Brown Shoes.</p><p><p style=\"text-align: justify;\">To add insult to injury, Buffett chose to pay 1.6% of Berkshire Hathaway's stock instead of cash when he bought, the equivalent of spending the stock of a great business in exchange for the stock of another failed company.</p><p><p style=\"text-align: justify;\">In fact, when he bought this company, Buffett was very confident, especially optimistic about its management. Founder Harold Alfond is also a legendary entrepreneur.</p><p><p style=\"text-align: justify;\">Even if the investment is ultimately deemed a failure, Buffett doesn't think it is the management problem, but the business itself.</p><p><p style=\"text-align: justify;\">Buffett calls it the worst deal he has ever made, but never shies away from the fact that he may make more mistakes, explaining such things in a joking quote from a Bob Dylan song in his shareholder letter — \"<strong>I never wanted to sleep with an ugly woman, but when I woke up several times with certainty, I was lying next to me.</strong>”</p><p><p style=\"text-align: justify;\">Munger, on the other hand, added lightly at the shareholder meeting: \"<strong>This shows that no matter how hard you try to build a system to avoid mistakes, you will still make mistakes even if you try very hard to stay within your capabilities. I think I can confidently guarantee that this won't be the last time we make a mistake.</strong>”</p><p><h2 style=\"text-align: justify;\">1. Buffett's investment in the shoe industry</h2><p style=\"text-align: justify;\">Buffett's investment in footwear began with the purchase of Brown Shoes in 1991. It is a North American brand that produces work shoes and work boots, with exceptional sales margin and return on assets.</p><p><p style=\"text-align: justify;\">The following year, Brown Footwear bought Lowell Footwear, a company specializing in nurse-specific shoes.</p><p><p style=\"text-align: justify;\">Because the two shoe companies exceeded Buffett's expectations in those years, in 1993 he decided to buy Dexter Shoes of Maine, a brand specializing in high-end men's and women's shoes.</p><p><p style=\"text-align: justify;\">The relationship between Buffett and Dexter is also related to Brown shoe industry.</p><p><p style=\"text-align: justify;\">Peter Lunder, Dexter's president at the time, recalled getting to know Buffett through Frank Rooney, chairman and president of Melville Shoes.</p><p><p style=\"text-align: justify;\">Frank tried to buy Dexter in 1978. Peter and his uncle, Dexter's chairman Harold Alfond, attended the meeting at the time, but after the exchange, the two finally felt that their company was still young and had a lot of unfinished things to do, so they couldn't sell it.</p><p><p style=\"text-align: justify;\">In the end, instead of agreeing to each other's takeover proposals, they continued to remain independent.</p><p><p style=\"text-align: justify;\">However, the other party did not give up. Since then, they have repeatedly approached them to negotiate the acquisition, including others who wanted to buy them. However, each time, the uncle and nephew both perfunctorily approached the past and did not sell them.</p><p><p style=\"text-align: justify;\">Frank became associated with Buffett until 1992, when his father-in-law, Ray W. Heffernan, the chairman of Brown Shoes, died, and his family sold Brown Shoes to Berkshire.</p><p><p style=\"text-align: justify;\">Buffett has since contacted Dexter through Frank with a takeover request.</p><p><p style=\"text-align: justify;\">The initial negotiations were not very successful because neither Peter nor Harold wanted cash and they were only interested in stocks.</p><p><p style=\"text-align: justify;\">It wasn't until 1993 that Buffett and Frank approached them again, and after a four-hour meeting, the two sides finally reached an agreement to trade Berkshire shares for Dexter.</p><p><p style=\"text-align: justify;\">In 1993, Harold Alfond, 79, sold Dexter to Warren Buffett in exchange for shares in Berkshire Hathaway.</p><p><p style=\"text-align: justify;\">In hindsight, their idea of choosing Berkshire shares was quite smart, and this transaction also made Buffett connect with them. Many years later, Buffett's inscription photo was still hanging on the wall of Peter's office.</p><p><h2 style=\"text-align: justify;\">Dexter's management</h2><p style=\"text-align: justify;\">In fact, Buffett already knew when he bought Brown Shoes that the competition in the shoe industry was fierce, and it was difficult for the American domestic shoe industry to compete with low-priced products imported from abroad.</p><p><p style=\"text-align: justify;\">\"About 85 percent of the 1 billion pairs purchased in the United States a year are imported from abroad, and most manufacturing plants in the industry are underperforming,\" he said.</p><p><p style=\"text-align: justify;\">\"Due to the wide variety of styles and models, the inventory pressure is quite heavy, and the revenue is also a large amount of accounts receivable.\"</p><p><p style=\"text-align: justify;\">But Buffett has his eye on the management of Brown Shoes and its founder.</p><p><p style=\"text-align: justify;\">\"In such an environment, it is only possible for a manager as good as Frank and a business as Mr. Heffernan has built to survive,\" he said.</p><p><p style=\"text-align: justify;\">After buying Brown Shoes, Buffett called Frank in to manage the company.</p><p><p style=\"text-align: justify;\">Similarly, buying Dexter is the same bet Buffett made on Harold Alfond. He believes that both Brown Shoes and Dexter are capable of fighting foreign invaders.</p><p><p style=\"text-align: justify;\">And in those years at his peak, Dexter did perform well, and the founder Harold was a legend.</p><p><p style=\"text-align: justify;\">Born in Massachusetts in 1914, he happened to be an adult during the Great Depression. Harold didn't go to college, and after high school, he followed his father in the shoemaking business in Maine.</p><p><p style=\"text-align: justify;\">At first, he worked in a shoe factory for 25 cents an hour. In 1956, he founded Dexter with $10,000. Two years later, his nephew, Peter Lunder, joined.</p><p><p style=\"text-align: justify;\">Since then, the two have established an enterprise with an annual output of 7.5 million pairs of shoes. Most of their shoes are produced in Maine and the rest in Puerto Rico.</p><p><p style=\"text-align: justify;\">In 1971, Dexter pioneered the opening of a factory outlet store at its facility in Scohigan, Maine, and the company became one of the first manufacturers in the country to retail its own products.</p><p><p style=\"text-align: justify;\">Eventually, Dexter expanded the model to more than 80 outlet stores nationwide. At their height, they employed more than 4,000 people and generated more than $250 million in annual sales.</p><p><p style=\"text-align: justify;\">Buffell evaluated Dexter, saying it has a long history of profitability, enduring franchises, and excellent management.</p><p><p style=\"text-align: justify;\">Harold and Peter also said at the time that the merger would be good for both companies.</p><p><p style=\"text-align: justify;\">\"Berkshire Hathaway is familiar with the shoe industry and shares our management philosophy of focusing on long-term goals,\" they said.</p><p><p style=\"text-align: justify;\">After buying Dexter, as Buffett did in the past, there was no management change.</p><p><p style=\"text-align: justify;\">In the shareholder letter that year, Buffett gave Dexter great praise-\"This time I can assure you that Dexter doesn't need to be transformed. Dexter is one of the best companies Charlie and I have ever seen in our careers.\"</p><p><p style=\"text-align: justify;\">He also added that paying with Berkshire stock was a wise decision.</p><p><h2 style=\"text-align: justify;\">3. From \"Best Company\" to \"Worst Deal\"</h2><p style=\"text-align: justify;\">Buffett has high expectations for Dexter, but the follow-up to this investment is not pretty.</p><p><p style=\"text-align: justify;\">In the following years, as expected, according to Buffett's initial judgment, the American footwear industry was unsustainable due to the competition of overseas imported low-priced products, and its performance continued to decline.</p><p><p style=\"text-align: justify;\">And management can't seem to reverse this trend, as Buffett finally acknowledged in a 1999 shareholder letter:</p><p><p style=\"text-align: justify;\">\"Our manufacturing, retail and services sectors are performing nearly perfectly, except for Dexter Footwear, but the problem for this company is not management.</p><p><p style=\"text-align: justify;\">In terms of experience, energy and seriousness, Dexter is no different from the best managers of other subsidiaries. The main reason is also that our manufacturing base is located in the United States, which lacks competitive advantage.</p><p><p style=\"text-align: justify;\">In total, 93 percent of the 1.3 billion pairs of shoes consumed in the United States in 1999 were imported, with cheap labor costs being a key factor. \"</p><p><p style=\"text-align: justify;\">Faced with this problem, Buffett's countermeasure is to find potential OEMs from overseas, but this has not solved the problem.</p><p><p style=\"text-align: justify;\">\"I made a mistake when I bought Dexter in 1993, and what is worse is that I bought it in exchange for Berkshire shares,\" Buffett admitted in a 2000 letter.</p><p><p style=\"text-align: justify;\">Of course, Buffett still recognizes the company's management, praising them, saying: \"The managers of our shoemaking business are first-class in public and private. They work hard in very difficult circumstances, even if they no longer have to bow down for five buckets of rice. I sincerely admire and thank them for this.\"</p><p><p style=\"text-align: justify;\">By 2001, Berkshire's shoe business had a pre-tax loss of $46.2 million, and although Brown was still profitable, it could not reverse the overall loss.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32d33adf34253dc54e1ea2ff8b901d5f\" title=\"制图：聪明投资者\" tg-width=\"1080\" tg-height=\"608\"/><span>Graphic: Smart Investors</span></p><p>Graphic: Smart Investors</p><p><p style=\"text-align: justify;\">Buffett is banking on Brown's managers to reverse Dexter's predicament and merge Dexter into Brown's shoes.</p><p><p style=\"text-align: justify;\">At this point, Harold Alfond had also left the company he had founded to devote himself to philanthropy.</p><p><p style=\"text-align: justify;\">The year after the merger had some effect, with Berkshire's footwear profits recovering to $24 million, a sharp improvement of $70 million from 2001 losses.</p><p><p style=\"text-align: justify;\">Buffett, on the other hand, said Dexter's operations were back on track, despite the cost of solving the problem.</p><p><p style=\"text-align: justify;\">Unfortunately, this recovery has not been sustained.</p><p><p style=\"text-align: justify;\">By this point, Dexter's story is almost over, but Buffett has mentioned the company many times in his subsequent career.</p><p><p style=\"text-align: justify;\">In a 2007 letter to shareholders, he again bemoaned his mistake:</p><p><p style=\"text-align: justify;\"><strong>\"Dexter is the shoe company I bought in 1993 with 25,203 A-shares of Berkshire worth $433 million. In the years that followed, not only did my perceived sustained competitive advantage disappear without a trace. And this was just the beginning: I amplified this mistake a lot by using Berkshire stock.\"</strong></p><p><p style=\"text-align: justify;\">\"At the end of the day, I just gave up one, now worth $220 billion, 1.6% of an excellent business, and bought back a worthless business. So far, Dexter is the worst deal I've ever made.\"</p><p><p style=\"text-align: justify;\">In 2014, Buffett wrote that the investment was a financial disaster and deserved a place in the Guinness World Records.</p><p><h2 style=\"text-align: justify;\">4. The biggest winner-the Alfonde family</h2><p style=\"text-align: justify;\">While the acquisition was described by Buffett himself as the worst deal he has ever made, the Alfonds made a big profit on the investment as they took Berkshire shares and became the biggest winners of the deal.</p><p><p style=\"text-align: justify;\">In fact, this has become an option for many sellers to Berkshire Enterprises, who are more inclined to own Berkshire shares.</p><p><p style=\"text-align: justify;\">Following the Berkshire acquisition, Harold Alfond managed Dexter until it was merged into Brown Shoes in 2001.</p><p><p style=\"text-align: justify;\">Harold Alfond has generously given away his wealth and through his own private foundation he has been supporting local philanthropy.</p><p><p style=\"text-align: justify;\">For a long time, the Alfonds didn't sell a single share of Berkshire stock, and Berkshire's rising share price certainly provided them with more wealth and support for their philanthropy.</p><p><p style=\"text-align: justify;\">During his lifetime, Harold contributed millions of dollars to philanthropy and was still working at the age of 90.</p><p><p style=\"text-align: justify;\">Because Harold is a versatile athlete, sports fan, and firmly believes that sport provides young people with valuable opportunities for personal growth.</p><p><p style=\"text-align: justify;\">Many of his donations have gone to public and private colleges and universities, as well as private secondary schools, for the construction of sports facilities and sports fields. Many academic, sports, healthcare and community buildings and facilities bear the Alfond name.</p><p><p style=\"text-align: justify;\">In 2007, Harold Alfond died.</p><p><p style=\"text-align: justify;\">He gave nearly all of his wealth to his foundation, which still supports philanthropic causes in Maine today.</p><p><p style=\"text-align: justify;\">To some extent, this can be regarded as Buffett, who also loves philanthropy, and ultimately goes to the same end.</p><p></body></html></p>","source":"Capital-nature","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How an investment that Buffett called a \"financial disaster\" happened</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow an investment that Buffett called a \"financial disaster\" happened\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">聪明投资者</strong><span class=\"h-time small\">2023-07-03 23:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In Buffett's investment career, there are countless successful stories.</p><p><p style=\"text-align: justify;\">However, a wise man will inevitably make a mistake. In fact, Buffett has repeatedly reflected on the mistakes in his investment.</p><p><p style=\"text-align: justify;\">In 1993, Buffett bought Dexter Shoe in a share swap.</p><p><p style=\"text-align: justify;\">At the time, Buffett was confident in the company, publicly praising it as a \"business jewel\" and one of the best-managed companies he'd seen in his career.</p><p><p style=\"text-align: justify;\">However, everything has changed in the years since, with Dexter facing competition from importing low-priced shoes and falling profits, dragging down Berkshire's entire shoe industry.</p><p><p style=\"text-align: justify;\">Eventually, in 2001, it was incorporated into Berkshire's Brown Shoes.</p><p><p style=\"text-align: justify;\">To add insult to injury, Buffett chose to pay 1.6% of Berkshire Hathaway's stock instead of cash when he bought, the equivalent of spending the stock of a great business in exchange for the stock of another failed company.</p><p><p style=\"text-align: justify;\">In fact, when he bought this company, Buffett was very confident, especially optimistic about its management. Founder Harold Alfond is also a legendary entrepreneur.</p><p><p style=\"text-align: justify;\">Even if the investment is ultimately deemed a failure, Buffett doesn't think it is the management problem, but the business itself.</p><p><p style=\"text-align: justify;\">Buffett calls it the worst deal he has ever made, but never shies away from the fact that he may make more mistakes, explaining such things in a joking quote from a Bob Dylan song in his shareholder letter — \"<strong>I never wanted to sleep with an ugly woman, but when I woke up several times with certainty, I was lying next to me.</strong>”</p><p><p style=\"text-align: justify;\">Munger, on the other hand, added lightly at the shareholder meeting: \"<strong>This shows that no matter how hard you try to build a system to avoid mistakes, you will still make mistakes even if you try very hard to stay within your capabilities. I think I can confidently guarantee that this won't be the last time we make a mistake.</strong>”</p><p><h2 style=\"text-align: justify;\">1. Buffett's investment in the shoe industry</h2><p style=\"text-align: justify;\">Buffett's investment in footwear began with the purchase of Brown Shoes in 1991. It is a North American brand that produces work shoes and work boots, with exceptional sales margin and return on assets.</p><p><p style=\"text-align: justify;\">The following year, Brown Footwear bought Lowell Footwear, a company specializing in nurse-specific shoes.</p><p><p style=\"text-align: justify;\">Because the two shoe companies exceeded Buffett's expectations in those years, in 1993 he decided to buy Dexter Shoes of Maine, a brand specializing in high-end men's and women's shoes.</p><p><p style=\"text-align: justify;\">The relationship between Buffett and Dexter is also related to Brown shoe industry.</p><p><p style=\"text-align: justify;\">Peter Lunder, Dexter's president at the time, recalled getting to know Buffett through Frank Rooney, chairman and president of Melville Shoes.</p><p><p style=\"text-align: justify;\">Frank tried to buy Dexter in 1978. Peter and his uncle, Dexter's chairman Harold Alfond, attended the meeting at the time, but after the exchange, the two finally felt that their company was still young and had a lot of unfinished things to do, so they couldn't sell it.</p><p><p style=\"text-align: justify;\">In the end, instead of agreeing to each other's takeover proposals, they continued to remain independent.</p><p><p style=\"text-align: justify;\">However, the other party did not give up. Since then, they have repeatedly approached them to negotiate the acquisition, including others who wanted to buy them. However, each time, the uncle and nephew both perfunctorily approached the past and did not sell them.</p><p><p style=\"text-align: justify;\">Frank became associated with Buffett until 1992, when his father-in-law, Ray W. Heffernan, the chairman of Brown Shoes, died, and his family sold Brown Shoes to Berkshire.</p><p><p style=\"text-align: justify;\">Buffett has since contacted Dexter through Frank with a takeover request.</p><p><p style=\"text-align: justify;\">The initial negotiations were not very successful because neither Peter nor Harold wanted cash and they were only interested in stocks.</p><p><p style=\"text-align: justify;\">It wasn't until 1993 that Buffett and Frank approached them again, and after a four-hour meeting, the two sides finally reached an agreement to trade Berkshire shares for Dexter.</p><p><p style=\"text-align: justify;\">In 1993, Harold Alfond, 79, sold Dexter to Warren Buffett in exchange for shares in Berkshire Hathaway.</p><p><p style=\"text-align: justify;\">In hindsight, their idea of choosing Berkshire shares was quite smart, and this transaction also made Buffett connect with them. Many years later, Buffett's inscription photo was still hanging on the wall of Peter's office.</p><p><h2 style=\"text-align: justify;\">Dexter's management</h2><p style=\"text-align: justify;\">In fact, Buffett already knew when he bought Brown Shoes that the competition in the shoe industry was fierce, and it was difficult for the American domestic shoe industry to compete with low-priced products imported from abroad.</p><p><p style=\"text-align: justify;\">\"About 85 percent of the 1 billion pairs purchased in the United States a year are imported from abroad, and most manufacturing plants in the industry are underperforming,\" he said.</p><p><p style=\"text-align: justify;\">\"Due to the wide variety of styles and models, the inventory pressure is quite heavy, and the revenue is also a large amount of accounts receivable.\"</p><p><p style=\"text-align: justify;\">But Buffett has his eye on the management of Brown Shoes and its founder.</p><p><p style=\"text-align: justify;\">\"In such an environment, it is only possible for a manager as good as Frank and a business as Mr. Heffernan has built to survive,\" he said.</p><p><p style=\"text-align: justify;\">After buying Brown Shoes, Buffett called Frank in to manage the company.</p><p><p style=\"text-align: justify;\">Similarly, buying Dexter is the same bet Buffett made on Harold Alfond. He believes that both Brown Shoes and Dexter are capable of fighting foreign invaders.</p><p><p style=\"text-align: justify;\">And in those years at his peak, Dexter did perform well, and the founder Harold was a legend.</p><p><p style=\"text-align: justify;\">Born in Massachusetts in 1914, he happened to be an adult during the Great Depression. Harold didn't go to college, and after high school, he followed his father in the shoemaking business in Maine.</p><p><p style=\"text-align: justify;\">At first, he worked in a shoe factory for 25 cents an hour. In 1956, he founded Dexter with $10,000. Two years later, his nephew, Peter Lunder, joined.</p><p><p style=\"text-align: justify;\">Since then, the two have established an enterprise with an annual output of 7.5 million pairs of shoes. Most of their shoes are produced in Maine and the rest in Puerto Rico.</p><p><p style=\"text-align: justify;\">In 1971, Dexter pioneered the opening of a factory outlet store at its facility in Scohigan, Maine, and the company became one of the first manufacturers in the country to retail its own products.</p><p><p style=\"text-align: justify;\">Eventually, Dexter expanded the model to more than 80 outlet stores nationwide. At their height, they employed more than 4,000 people and generated more than $250 million in annual sales.</p><p><p style=\"text-align: justify;\">Buffell evaluated Dexter, saying it has a long history of profitability, enduring franchises, and excellent management.</p><p><p style=\"text-align: justify;\">Harold and Peter also said at the time that the merger would be good for both companies.</p><p><p style=\"text-align: justify;\">\"Berkshire Hathaway is familiar with the shoe industry and shares our management philosophy of focusing on long-term goals,\" they said.</p><p><p style=\"text-align: justify;\">After buying Dexter, as Buffett did in the past, there was no management change.</p><p><p style=\"text-align: justify;\">In the shareholder letter that year, Buffett gave Dexter great praise-\"This time I can assure you that Dexter doesn't need to be transformed. Dexter is one of the best companies Charlie and I have ever seen in our careers.\"</p><p><p style=\"text-align: justify;\">He also added that paying with Berkshire stock was a wise decision.</p><p><h2 style=\"text-align: justify;\">3. From \"Best Company\" to \"Worst Deal\"</h2><p style=\"text-align: justify;\">Buffett has high expectations for Dexter, but the follow-up to this investment is not pretty.</p><p><p style=\"text-align: justify;\">In the following years, as expected, according to Buffett's initial judgment, the American footwear industry was unsustainable due to the competition of overseas imported low-priced products, and its performance continued to decline.</p><p><p style=\"text-align: justify;\">And management can't seem to reverse this trend, as Buffett finally acknowledged in a 1999 shareholder letter:</p><p><p style=\"text-align: justify;\">\"Our manufacturing, retail and services sectors are performing nearly perfectly, except for Dexter Footwear, but the problem for this company is not management.</p><p><p style=\"text-align: justify;\">In terms of experience, energy and seriousness, Dexter is no different from the best managers of other subsidiaries. The main reason is also that our manufacturing base is located in the United States, which lacks competitive advantage.</p><p><p style=\"text-align: justify;\">In total, 93 percent of the 1.3 billion pairs of shoes consumed in the United States in 1999 were imported, with cheap labor costs being a key factor. \"</p><p><p style=\"text-align: justify;\">Faced with this problem, Buffett's countermeasure is to find potential OEMs from overseas, but this has not solved the problem.</p><p><p style=\"text-align: justify;\">\"I made a mistake when I bought Dexter in 1993, and what is worse is that I bought it in exchange for Berkshire shares,\" Buffett admitted in a 2000 letter.</p><p><p style=\"text-align: justify;\">Of course, Buffett still recognizes the company's management, praising them, saying: \"The managers of our shoemaking business are first-class in public and private. They work hard in very difficult circumstances, even if they no longer have to bow down for five buckets of rice. I sincerely admire and thank them for this.\"</p><p><p style=\"text-align: justify;\">By 2001, Berkshire's shoe business had a pre-tax loss of $46.2 million, and although Brown was still profitable, it could not reverse the overall loss.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32d33adf34253dc54e1ea2ff8b901d5f\" title=\"制图：聪明投资者\" tg-width=\"1080\" tg-height=\"608\"/><span>Graphic: Smart Investors</span></p><p>Graphic: Smart Investors</p><p><p style=\"text-align: justify;\">Buffett is banking on Brown's managers to reverse Dexter's predicament and merge Dexter into Brown's shoes.</p><p><p style=\"text-align: justify;\">At this point, Harold Alfond had also left the company he had founded to devote himself to philanthropy.</p><p><p style=\"text-align: justify;\">The year after the merger had some effect, with Berkshire's footwear profits recovering to $24 million, a sharp improvement of $70 million from 2001 losses.</p><p><p style=\"text-align: justify;\">Buffett, on the other hand, said Dexter's operations were back on track, despite the cost of solving the problem.</p><p><p style=\"text-align: justify;\">Unfortunately, this recovery has not been sustained.</p><p><p style=\"text-align: justify;\">By this point, Dexter's story is almost over, but Buffett has mentioned the company many times in his subsequent career.</p><p><p style=\"text-align: justify;\">In a 2007 letter to shareholders, he again bemoaned his mistake:</p><p><p style=\"text-align: justify;\"><strong>\"Dexter is the shoe company I bought in 1993 with 25,203 A-shares of Berkshire worth $433 million. In the years that followed, not only did my perceived sustained competitive advantage disappear without a trace. And this was just the beginning: I amplified this mistake a lot by using Berkshire stock.\"</strong></p><p><p style=\"text-align: justify;\">\"At the end of the day, I just gave up one, now worth $220 billion, 1.6% of an excellent business, and bought back a worthless business. So far, Dexter is the worst deal I've ever made.\"</p><p><p style=\"text-align: justify;\">In 2014, Buffett wrote that the investment was a financial disaster and deserved a place in the Guinness World Records.</p><p><h2 style=\"text-align: justify;\">4. The biggest winner-the Alfonde family</h2><p style=\"text-align: justify;\">While the acquisition was described by Buffett himself as the worst deal he has ever made, the Alfonds made a big profit on the investment as they took Berkshire shares and became the biggest winners of the deal.</p><p><p style=\"text-align: justify;\">In fact, this has become an option for many sellers to Berkshire Enterprises, who are more inclined to own Berkshire shares.</p><p><p style=\"text-align: justify;\">Following the Berkshire acquisition, Harold Alfond managed Dexter until it was merged into Brown Shoes in 2001.</p><p><p style=\"text-align: justify;\">Harold Alfond has generously given away his wealth and through his own private foundation he has been supporting local philanthropy.</p><p><p style=\"text-align: justify;\">For a long time, the Alfonds didn't sell a single share of Berkshire stock, and Berkshire's rising share price certainly provided them with more wealth and support for their philanthropy.</p><p><p style=\"text-align: justify;\">During his lifetime, Harold contributed millions of dollars to philanthropy and was still working at the age of 90.</p><p><p style=\"text-align: justify;\">Because Harold is a versatile athlete, sports fan, and firmly believes that sport provides young people with valuable opportunities for personal growth.</p><p><p style=\"text-align: justify;\">Many of his donations have gone to public and private colleges and universities, as well as private secondary schools, for the construction of sports facilities and sports fields. Many academic, sports, healthcare and community buildings and facilities bear the Alfond name.</p><p><p style=\"text-align: justify;\">In 2007, Harold Alfond died.</p><p><p style=\"text-align: justify;\">He gave nearly all of his wealth to his foundation, which still supports philanthropic causes in Maine today.</p><p><p style=\"text-align: justify;\">To some extent, this can be regarded as Buffett, who also loves philanthropy, and ultimately goes to the same end.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/O0HdWcmiN2fviXGW0PaOVw?global_content=%7B%22promote_id%22%3A13766%2C%22sub_promote_id%22%3A4%7D\">聪明投资者</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ee8356647b06585ac937a0f45e6aeb17","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://mp.weixin.qq.com/s/O0HdWcmiN2fviXGW0PaOVw?global_content=%7B%22promote_id%22%3A13766%2C%22sub_promote_id%22%3A4%7D","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131220953","content_text":"在巴菲特的投资生涯中，成功的案例数不胜数。但智者千虑，难免有一失，实际上，巴菲特就曾多次反省自己投资中的那些的错误。1993年，巴菲特以换股方式收购德克斯特鞋业（Dexter Shoe）。当时巴菲特对这家公司充满信心，公开赞誉它是一颗“商业明珠”，是他职业生涯中见过的管理得最好的公司之一。然而，在此后的几年间，一切都发生了变化，德克斯特面临进口低价鞋的竞争，利润下滑，拖累了伯克希尔的整个鞋业。最终，2001年，它被并入伯克希尔的布朗鞋业。雪上加霜的是，巴菲特在买入时，选择用伯克希尔哈撒韦公司1.6%的股票支付而非现金，相当于花费一家出色企业的股票换取了另一家失败公司的股票。其实当初买入这家公司时，巴菲特很有信心，尤其看好其管理层。创始人哈罗德·阿尔方德也是一个传奇企业家。即便最终这笔投资被认为失败，巴菲特也不认为是管理层的问题，而是生意本身。巴菲特将其称为自己做的最糟糕的交易，但从不回避自己可能犯更多错误的事实，他曾在股东信中开玩笑地引用一段鲍勃·迪伦歌词，来解释这种事情——“我从不想跟一个丑女人上床，但当我确信好几次醒来，身边躺的就是。” 而芒格则对此事在股东会上淡淡补充：“这表明，无论你多么努力地建立避免错误的系统，即使你很努力的保持在你的能力范围内，你仍然会犯错误。我想我可以自信地保证，这不会是我们最后一次犯错。”1、巴菲特对于鞋业的投资巴菲特对于鞋业的投资，始于1991年买下布朗鞋业。这是北美地区一个生产工作鞋与工作靴的品牌，拥有非凡的销售毛利与资产报酬。次年，布朗鞋业买下 Lowell 鞋业，一家专门制造护士专用鞋的公司。因为这两家鞋业公司那几年的表现超出了巴菲特的预期，1993年，他决定买下缅因州的德克斯特鞋业，一家专门制造高级男女鞋的品牌。而巴菲特与德克斯特的结缘，也与布朗鞋业有关。德克斯特当时的总裁彼得·伦德（Peter Lunder）回忆称，自己正是通过梅尔维尔鞋业的董事长兼总裁弗兰克·鲁尼（Frank Rooney）认识巴菲特的。弗兰克在 1978 年曾试图收购德克斯特。当时彼得和他的叔叔，也就是德克斯特董事长哈罗德·阿尔方德（Harold Alfond）都参加了会议，但交流后两人最终觉得，自己的公司还很年轻，还有很多未完的事情要去做，所以不能卖出去。最终他们没有同意对方的收购建议，而是继续保持独立。然而对方并没有放弃，此后多次找他们洽谈收购的事情，包括也有其他人想收购他们，但每次叔侄两人都敷衍了过去，并没有卖出。一直到1992年，弗兰克的岳父，也就是布朗鞋业的董事长——雷·W·赫弗南 (Ray W. Heffernan)去世，他的家人把布朗鞋业卖给了伯克希尔，弗兰克由此与巴菲特结缘。此后，巴菲特通过弗兰克联系了德克斯特，提出了收购要求。最初的洽谈不是很成功，因为彼得和哈罗德都不想要现金，他们只对股票感兴趣。直到1993年，巴菲特和弗兰克再次找到他们，双方经过了四个小时的会议，最终达成一致，用伯克希尔的股票来换取德克斯特。1993 年，79 岁的哈罗德·阿尔方德将德克斯特卖给了沃伦·巴菲特，换取了伯克希尔哈撒韦公司的股票。事后来看，他们选择要伯克希尔股票的这一想法，相当聪明，而这笔交易也让巴菲特和他们结缘，很多年后，在彼得办公室的墙上，都还一直挂着巴菲特的题字照片。2、德克斯特的管理层实际上，巴菲特在买入布朗鞋业时就已经知道，鞋子这个行业竞争相当激烈，美国本土制鞋业难以与国外进口的低价产品竞争。他说：“在全美一年 10 亿双的采购量中，大约有 85%是从国外进口，而产业中大部分的制造工厂表现都乏善可陈。”“由于款式与型号繁多导致库存压力相当重，同时收入还都是大笔的应收账款。”但巴菲特看中了布朗鞋业的管理层和它的创始人。针对布朗鞋业，他说：“在这样的环境底下，只有像弗兰克这样优秀的经理人再加上赫弗南先生所建立这样的事业才有可能生存。”在买入布朗鞋业后，巴菲特把弗兰克叫来管理公司。同样的，买入德克斯特，同样是巴菲特对于哈罗德·阿尔方德的押注。他认为布朗鞋业与德克斯特都有能力对抗外来入侵者。而在巅峰时期的那几年，德克斯特确实表现出色，创始人哈罗德也是一个传奇人物。1914 年出生于马萨诸塞州，美国经济大萧条期间，他刚好成年。哈罗德没有上过大学，高中毕业的他，就跟随父亲在缅因州从事制鞋业务。最开始，他在制鞋工厂做工，时薪25美分。1956年，他用一万美元创立了德克斯特。两年后，他的侄子彼得·伦德（Peter Lunder）加入。从此两人建立起了年产 750 万双鞋子的企业。他们的大部分鞋子都在缅因州生产，其余的则在波多黎各。1971 年，德克斯特在缅因州斯科希甘的工厂率先开设工厂直销店，该公司成为全国首批零售自己产品的制造商之一。最终，德克斯特将这种模式扩展到全国 80 多家直销店。在鼎盛时期，他们雇佣了 4,000 多名员工，年销售额超过 2.5 亿美元。巴菲尔评价德克斯特，说它拥有悠久的盈利历史、经久不衰的特许经营权和卓越的管理。哈罗德和彼得当时也表示，合并对两家公司都有好处。“伯克希尔哈撒韦公司熟悉制鞋业，并认同我们专注于长期目标的管理理念，”他们说。在买入德克斯特后，一如巴菲特以往的操作，没有更换管理层。在那年的股东信中，巴菲特对德克斯特给予了极高的赞赏——“这次我可以向大家保证德克斯特并不需要改造，德克斯特是查理跟我在职业生涯中，所见过最好的公司之一。”他还补充道，用伯克希尔股票来支付是一个明智的决定。3、从“最好的公司”到“最糟糕的交易”巴菲特对于德克斯特给予了很高的期望，但这笔投资的后续并不美好。此后几年，果然按照巴菲特一开始的判断，美国制鞋业受到海外进口低价产品的竞争，难以为继，业绩也连连下滑。而管理层似乎也不能扭转这种趋势，巴菲特在1999年的股东信中终于承认了这一问题：“我们旗下的制造、零售与服务业的表现几乎接近完美，德克斯特鞋业除外，不过该公司的问题不在于经营管理。就工作上的经验、活力与认真而言，德克斯特与其它子公司优秀的经理人毫无二致。主要原因还在于我们的制造据点位于美国本土，缺乏竞争优势。总计 1999 年，在美国 13 亿双的鞋子消耗量中，93%来自于进口，廉价的劳工成本是主要的关键因素。”面对这一问题，巴菲特的对策是从海外寻找潜在的代工，但这并未解决问题。“我在 1993 年斥资买下德克斯特根本是个错误，更惨的是当时我还是用伯克希尔股份换来的。”巴菲特在 2000 年的信中承认。当然，巴菲特依然认可公司的管理层，赞赏他们称：“于公于私我们制鞋事业的经理人都称得上是一流的，他们在非常艰苦的环境下努力工作，即便他们早已不必为了五斗米而折腰，为此我衷心地佩服并感谢他们。”到了2001年，伯克希尔的制鞋事业营运税前损失高达 4,620 万美元，尽管布朗鞋业仍有获利，依然无法扭转整体的亏损。制图：聪明投资者制图：聪明投资者巴菲特寄希望于布朗鞋业的管理者来扭转德克斯特的困局，将德克斯特并入了布朗鞋业。至此，哈罗德·阿尔方德也离开了他一手创立的公司，专心致力于慈善事业了。并入后的次年取得了一定的效果，伯克希尔鞋类利润回升至 2,400 万美元，较 2001 年的亏损，大幅改善了 7,000 万美元。而巴菲特则表示德克斯特的营运已回归正轨，尽管解决问题耗费了不少成本。可惜这种复苏却没能持续。至此，德克斯特的故事已经结束得差不多了，但巴菲特在此后的生涯里多次提及这家公司。在 2007 年致股东的信中，他再次哀叹自己的错误：“德克斯特公司是 1993 年我用价值 4.33 亿美元的 25203 股伯克希尔的 A 股股票，买下的制鞋公司。在随后几年里，不但我自认为的持续竞争优势消失得无影无踪。而且这只是个开始：由于用的是伯克希尔的股票，我将这个错误放大很多。”“说到底，我就是放弃一份，现在的价值是 2200 亿美元，出色的生意的 1.6％，买回了一项毫无价值的生意。到此为止，德克斯特是我做的最糟糕的交易。”2014年，巴菲特在信中称这笔投资是一场金融灾难，应该在吉尼斯世界纪录中占有一席之地。4、最大的赢家——阿尔方德家族虽然这笔收购被巴菲特本人称为他做过的最糟糕的交易，但阿尔方德家族却在这笔投资中大赚特赚，因为他们拿到了伯克希尔的股票，成为了这笔交易的最大赢家。实际上，这也成为很多卖身给伯克希尔企业的选择，他们更倾向于拥有伯克希尔的股票。在伯克希尔收购后，哈罗德·阿尔方德一直管理德克斯特，直到它在2001 年被并入布朗鞋业。哈罗德·阿尔方德慷慨地捐出了他的财富，通过他自己的私人基金会，他一直在支持当地的慈善事业。很长一段时间内，阿尔方德家族都没有卖出一股伯克希尔的股票，而伯克希尔不断上涨的股价，无疑为他们提供了更多财富，也为他们的慈善事业提供了更多支持。在他的一生中，哈罗德为慈善事业贡献了数百万美元，90岁高龄时依然在工作。因为哈罗德是一位多才多艺的运动员、体育迷，并且坚信体育为年轻人提供了宝贵的个人成长机会。他的许多捐赠都捐给了公立私立的学院和大学，以及私立中学，用于建造运动设施和运动场。很多学术、体育、医疗保健和社区建筑和设施都冠以 Alfond 的名字。2007 年，哈罗德·阿尔方德去世。他将几乎所有财富都捐给了自己的基金会，该基金会至今仍在支持缅因州的慈善事业。某种程度上，这也算和同样热爱慈善事业的巴菲特，最终殊途同归吧。","news_type":1,"symbols_score_info":{"BRK.A":1.1,"BRK.B":1.1}},"isVote":1,"tweetType":1,"viewCount":1884,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191773492486424,"gmtCreate":1687828356049,"gmtModify":1687828361335,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"🥴🥴🥴🥴🥴🥶🥶🥶🥶","listText":"🥴🥴🥴🥴🥴🥶🥶🥶🥶","text":"🥴🥴🥴🥴🥴🥶🥶🥶🥶","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191773492486424","isVote":1,"tweetType":1,"viewCount":1898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190952168472696,"gmtCreate":1687644702705,"gmtModify":1687644707686,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"😁😁😁😁😁😁😁","listText":"😁😁😁😁😁😁😁","text":"😁😁😁😁😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190952168472696","isVote":1,"tweetType":1,"viewCount":1568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190631796277496,"gmtCreate":1687566691593,"gmtModify":1687566696485,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"🤗🤗🤗🤗🤗🤗🤗","listText":"🤗🤗🤗🤗🤗🤗🤗","text":"🤗🤗🤗🤗🤗🤗🤗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190631796277496","isVote":1,"tweetType":1,"viewCount":1520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189205612511240,"gmtCreate":1687218297117,"gmtModify":1687218301860,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"😬😬😬😬🥰🥰🥰😘😘😘","listText":"😬😬😬😬🥰🥰🥰😘😘😘","text":"😬😬😬😬🥰🥰🥰😘😘😘","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189205612511240","isVote":1,"tweetType":1,"viewCount":1185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949377816,"gmtCreate":1678408008835,"gmtModify":1678413452277,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"So good app. Not just&nbsp; invest only. Also include other one. Like can watch video, getting any news,get some rewards,can share your article.pretty good.","listText":"So good app. Not just&nbsp; invest only. Also include other one. Like can watch video, getting any news,get some rewards,can share your article.pretty good.","text":"So good app. Not just invest only. Also include other one. Like can watch video, getting any news,get some rewards,can share your article.pretty good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9949377816","isVote":1,"tweetType":1,"viewCount":1424,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000487","authorId":"9000000000000487","name":"MaudNelly","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000487","authorIdStr":"9000000000000487"},"content":"Looks like we can do everything related to investment at here.","text":"Looks like we can do everything related to investment at here.","html":"Looks like we can do everything related to investment at here."},{"author":{"id":"9000000000000712","authorId":"9000000000000712","name":"AndreaClarissa","avatar":"https://static.tigerbbs.com/9cf11fbf7e9cf7863269c430ae07d7c9","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000712","authorIdStr":"9000000000000712"},"content":"We can post our idea about market on here.","text":"We can post our idea about market on here.","html":"We can post our idea about market on here."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":279935473525024,"gmtCreate":1709365088076,"gmtModify":1709365091333,"author":{"id":"4141087974150782","authorId":"4141087974150782","name":"Taurus Pink","avatar":"https://community-static.tradeup.com/news/39e934cbdc05761469dbe8569c8d86af","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4141087974150782","authorIdStr":"4141087974150782"},"themes":[],"title":"","htmlText":"[得意] [得意] [得意] [得意]","listText":"[得意] [得意] [得意] [得意]","text":"[得意] [得意] [得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279935473525024","isVote":1,"tweetType":1,"viewCount":1415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}