When Steve Jobs returned to Apple, that was the rotten apple with a returning CEO who had nothing else but determined to prove himself.
People who understand sillicon valley and the internet stuff, would see the decline of intc and csco long long before they turned to truely bad shape. Only fools would hold these 2 till now as you claim.
Your problem is always using STATIC VIEW to look at stocks. Things do not work that way.
结果让人失望。
其他投资也不行。
要全美国一盘棋。
不光是加州
https://ofdollarsanddata.com/sp500-calculator
Munger 说指数beat 99%fund, 他也说了, 他不懂定量.
1. Leverage.
2. Sweat equities.
所以投资房地产不仅仅是买个房那么简单， 而是一门生意.
不能看个股，
要看全局。
现在买垃圾股或辣椒股，敢买不？买了也不敢长持呀！还是指数靠谱，有指数基金替股民选股。
When Steve Jobs returned to Apple, that was the rotten apple with a returning CEO who had nothing else but determined to prove himself.
People who understand sillicon valley and the internet stuff, would see the decline of intc and csco long long before they turned to truely bad shape. Only fools would hold these 2 till now as you claim.
Your problem is always using STATIC VIEW to look at stocks. Things do not work that way.
钱多了特别是年纪大了后转向比较保守的策略，有些钱进入国债，分红股票，回报率肯定也降了。
还不太招人喜欢，它生产的Mac与当时其它的computer 相比也不太好。 我们做IT的都不会买它的股票。
后来2001年才有的iPod随声听，我们那时人手一只，走在街上也显得比较cool。我的苹果股票是2003才买的，用了房贷重仓。那时候CSCO，INTC 上亏的事已经翻篇好几年了。
那些年，我们这些华尔街小屁码工们干遍了所有的蠢事。每月有工资进来不差钱，而且烂股票也不是同时出现同时灭亡，也就不会如你所说的同时砸在所有的烂股票上，就此一蹶不振。
早年在花街做IT Consultants 的还可以自由买卖股票，不受限制。 许多人不愿意当employee 被管制。