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Joelchua

Joelchua

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2021-11-11

JD and Alibaba Earnings upcoming! YTY increase or no?

2021-08-01

$360 Finance(QFIN)$What is the latest on their app ban status?

2021-06-19

Overvalued stocks everywhere

抱歉，原内容已删除

2021-06-19

Credit suisse

Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>

2021-06-19

Short squeezes

3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>

2021-04-30

Interesting

JPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote>

2021-04-30

Finally

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2021-04-30

Wonder if the same will be true for China tech giants?

抱歉，原内容已删除

2021-04-30

The legends

21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote>

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YTY increase or no?","listText":"JD and Alibaba Earnings upcoming! YTY increase or no?","text":"JD and Alibaba Earnings upcoming! 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Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119296361","media":"Barrons","summary":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier","content":"<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>当美联储发布6月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借钱和长期借钱来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会提高，而当情况相反时，利润会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三会议结束后，10年期国债收益率大幅反弹，上涨0.071%至1.569%，而两年期国债收益率上涨0.038个百分点至0.203%，两者利差达到1.366个百分点。这种扩大使得金融业，尤其是银行股，成为少数对美联储周三的声明做出积极反应的行业之一。SPDR S&amp;P Bank ETF(KBE)上涨0.9%，摩根大通(JPM)上涨0.7%，尽管标准普尔500指数下跌0.5%，道琼斯工业平均指数下跌0.8%，纳斯达克综合指数下跌0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期国债收益率跌至1.498%，两年期国债收益率升至0.238%，差距为1.26个百分点。对于银行等利率敏感行业来说，所谓的收益率曲线变平是个坏消息。SPDR S&amp;P Bank ETF周四下跌4.5%，周五盘前交易下跌1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道指期货下跌0.8%。纳斯达克综合指数期货下跌0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>市场为何大转变？为了让收益率继续上升，经济需要表明它正在迅速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长。Evercore ISI策略师丹尼斯·德布斯切尔(Dennis DeBusschere)表示，由于周四初请失业金人数大幅下降，并在六周下降后首次上升，市场决定关注后者，而不是前者。他写道：“相对于所有人之前的想法，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那么强劲。”</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>","source":"lsy1601382232898","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>Bank Stocks Were Fed Day Winners. 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Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-18 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>当美联储发布6月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借钱和长期借钱来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会提高，而当情况相反时，利润会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三会议结束后，10年期国债收益率大幅反弹，上涨0.071%至1.569%，而两年期国债收益率上涨0.038个百分点至0.203%，两者利差达到1.366个百分点。这种扩大使得金融业，尤其是银行股，成为少数对美联储周三的声明做出积极反应的行业之一。SPDR S&amp;P Bank ETF(KBE)上涨0.9%，摩根大通(JPM)上涨0.7%，尽管标准普尔500指数下跌0.5%，道琼斯工业平均指数下跌0.8%，纳斯达克综合指数下跌0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期国债收益率跌至1.498%，两年期国债收益率升至0.238%，差距为1.26个百分点。对于银行等利率敏感行业来说，所谓的收益率曲线变平是个坏消息。SPDR S&amp;P Bank ETF周四下跌4.5%，周五盘前交易下跌1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道指期货下跌0.8%。纳斯达克综合指数期货下跌0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>市场为何大转变？为了让收益率继续上升，经济需要表明它正在迅速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长。Evercore ISI策略师丹尼斯·德布斯切尔(Dennis DeBusschere)表示，由于周四初请失业金人数大幅下降，并在六周下降后首次上升，市场决定关注后者，而不是前者。他写道：“相对于所有人之前的想法，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那么强劲。”</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","GS":"高盛","MS":"摩根士丹利","BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行"},"source_url":"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119296361","content_text":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.\nAfter Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%\nThe market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.\nWhy the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.\nUntil that changes, it will be hard for bank stocks to bounce back.","news_type":1,"symbols_score_info":{"WFC":0.9,"MS":0.9,"JPM":0.9,"C":0.9,"GS":0.9,"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162586886,"gmtCreate":1624068133345,"gmtModify":1634011173351,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Short squeezes&nbsp;","listText":"Short squeezes&nbsp;","text":"Short squeezes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162586886","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","kind":"news","pubTimestamp":1624065234,"share":"https://www.laohu8.com/m/news/1166679093?lang=zh_CN&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></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>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote></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\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-19 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp","SNDL":"SNDL Inc.","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1,"symbols_score_info":{"CLOV":0.9,"SNDL":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103529572,"gmtCreate":1619794383696,"gmtModify":1634209866504,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/103529572","repostId":"1180935504","repostType":4,"repost":{"id":"1180935504","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619785386,"share":"https://www.laohu8.com/m/news/1180935504?lang=zh_CN&edition=full","pubTime":"2021-04-30 20:23","market":"us","language":"en","title":"JPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180935504","media":"英为财情Investing","summary":"JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in a","content":"<p>JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.</p><p><blockquote>一位银行高管告诉路透社，摩根大通（纽约证券交易所股票代码：JPM）的发展金融机构旨在每年为超过1000亿美元的活动提供资金，该机构正在寻求支持更多供应链交易，以帮助发展中国家抗击COVID-19。</blockquote></p><p> Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.</p><p><blockquote>疫情爆发后，印度等一些新兴市场在疫苗和其他医疗设备的供应方面遇到了困难。</blockquote></p><p> \"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.</p><p><blockquote>该机构董事总经理Faheen Allibhoy表示：“我们希望进行更多以发展和影响为核心的交易。”</blockquote></p><p> The vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.</p><p><blockquote>Allibhoy说，疫苗供应链、以性别为重点的贷款、水和粮食安全以及气候智能型农业是该机构将重点关注的领域。</blockquote></p><p> The JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.</p><p><blockquote>摩根大通发展金融机构成立于去年，旨在通过投资银行交易为发展活动提供超过1000亿美元的资金，并从其市场业务中获得额外贡献。</blockquote></p><p> In 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.</p><p><blockquote>2020年，该机构将437笔交易认定为开发融资，总价值1460亿美元。</blockquote></p><p> It has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.</p><p><blockquote>它帮助摩洛哥和多米尼加共和国政府发行债券，筹集的资金分别用于帮助受疫情影响的公司和资助国家预算。</blockquote></p><p> In 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.</p><p><blockquote>Allibhoy表示，2021年，该银行还将重点关注更多充当融资结构代理的交易，该银行已于2月份完成了在非洲的首笔交易，涉及Liquid Telecom的6.2亿美元交易。</blockquote></p><p> This month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.</p><p><blockquote>本月，世行宣布计划在10年内融资和促进超过2.5万亿美元，以推进应对气候变化和促进可持续发展的长期解决方案。</blockquote></p><p></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>JPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote></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\">\nJPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-30 20:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.</p><p><blockquote>一位银行高管告诉路透社，摩根大通（纽约证券交易所股票代码：JPM）的发展金融机构旨在每年为超过1000亿美元的活动提供资金，该机构正在寻求支持更多供应链交易，以帮助发展中国家抗击COVID-19。</blockquote></p><p> Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.</p><p><blockquote>疫情爆发后，印度等一些新兴市场在疫苗和其他医疗设备的供应方面遇到了困难。</blockquote></p><p> \"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.</p><p><blockquote>该机构董事总经理Faheen Allibhoy表示：“我们希望进行更多以发展和影响为核心的交易。”</blockquote></p><p> The vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.</p><p><blockquote>Allibhoy说，疫苗供应链、以性别为重点的贷款、水和粮食安全以及气候智能型农业是该机构将重点关注的领域。</blockquote></p><p> The JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.</p><p><blockquote>摩根大通发展金融机构成立于去年，旨在通过投资银行交易为发展活动提供超过1000亿美元的资金，并从其市场业务中获得额外贡献。</blockquote></p><p> In 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.</p><p><blockquote>2020年，该机构将437笔交易认定为开发融资，总价值1460亿美元。</blockquote></p><p> It has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.</p><p><blockquote>它帮助摩洛哥和多米尼加共和国政府发行债券，筹集的资金分别用于帮助受疫情影响的公司和资助国家预算。</blockquote></p><p> In 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.</p><p><blockquote>Allibhoy表示，2021年，该银行还将重点关注更多充当融资结构代理的交易，该银行已于2月份完成了在非洲的首笔交易，涉及Liquid Telecom的6.2亿美元交易。</blockquote></p><p> This month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.</p><p><blockquote>本月，世行宣布计划在10年内融资和促进超过2.5万亿美元，以推进应对气候变化和促进可持续发展的长期解决方案。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180935504","content_text":"JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.\nSome emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.\n\"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.\nThe vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.\nThe JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.\nIn 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.\nIt has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.\nIn 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.\nThis month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103520018,"gmtCreate":1619794313534,"gmtModify":1634209867672,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Finally&nbsp;","listText":"Finally&nbsp;","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103520018","repostId":"1163194123","repostType":4,"isVote":1,"tweetType":1,"viewCount":1912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103567029,"gmtCreate":1619794257561,"gmtModify":1631884667458,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Wonder if the same will be true for China tech giants?","listText":"Wonder if the same will be true for China tech giants?","text":"Wonder if the same will be true for China tech giants?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103567029","repostId":"1199870015","repostType":4,"isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103565448,"gmtCreate":1619794189084,"gmtModify":1634209869226,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"The legends&nbsp;","listText":"The legends&nbsp;","text":"The legends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103565448","repostId":"1114554743","repostType":4,"repost":{"id":"1114554743","kind":"news","pubTimestamp":1619790825,"share":"https://www.laohu8.com/m/news/1114554743?lang=zh_CN&edition=full","pubTime":"2021-04-30 21:53","market":"us","language":"en","title":"21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114554743","media":"Yahoo","summary":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May","content":"<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p><p><blockquote>伯克希尔哈撒韦公司（BRK-A、BRK-B）年度股东大会将于5月1日在洛杉矶举行，沃伦·巴菲特将与分居一年后的加州长期商业伙伴查理·芒格重聚。</blockquote></p><p> In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p><p><blockquote>在正常的一年里，成千上万的人前往内布拉斯加州的奥马哈朝圣，听90岁的巴菲特和97岁的芒格回答问题几个小时，一边啜饮可口可乐，一边啃喜诗糖果的花生糖。伯克希尔·哈撒韦公司副董事长芒格因其广博的知识和关于商业、投资和生活的格言以及丰富多彩的语言和幽默而受到崇拜。众所周知，在巴菲特说完之后，他经常说：“我没有什么要补充的了。”去年，由于冠状病毒大流行，伯克希尔·哈撒韦公司的年会变成了虚拟会议，巴菲特在没有芒格的空荡荡的CHI健康中心竞技场远距离回答问题。</blockquote></p><p> While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p><p><blockquote>虽然巴菲特是伯克希尔哈撒韦公司更公开、更容易辨认的面孔，但这家标志性企业集团今天的地位是按照芒格的蓝图建立的，即超越所谓的“雪茄屁股”投资，转向“以公平的价格收购出色的企业”。纪念公司成立50周年的股东信。尽管巴菲特将他的成功归功于芒格，但他也强调，他的朋友和商业伙伴让他成为了一个“更好的人”。</blockquote></p><p> And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p><p><blockquote>因此，为了纪念这两位投资传奇人物以及长期合作伙伴和朋友的重聚，我们整理了一些我们最喜欢的芒格名言：</blockquote></p><p> <b>On learning</b></p><p><blockquote><b>论学习</b></blockquote></p><p> “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“在我的一生中，我从来没有认识过不一直读书的智者（在广泛的主题领域）——没有，零。你会惊讶于沃伦读了多少书——以及我读了多少书。我的孩子们嘲笑我。他们认为我是一本伸出两条腿的书。”<i>——可怜的查理年鉴</i></blockquote></p><p> \"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p><p><blockquote>“没有学习的方法，你就像一个踢屁股比赛的独腿人。只是不会很好地发挥作用。”<i>-2021年度日报股东周年大会</i></blockquote></p><p> “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“我经常看到一些人在生活中崛起，他们并不是最聪明的，有时甚至不是最勤奋的，但他们是学习机器。他们每天晚上睡觉时都比起床时聪明一点，这很有帮助——尤其是当你还有很长的路要走的时候。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为正确的生活就是不断学习、学习、学习。”<i>—2017年伯克希尔哈撒韦年会</i></blockquote></p><p> “Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“获得世俗的智慧，并相应地调整你的行为。如果你的新行为让你在同龄人中暂时不受欢迎，那就让他们见鬼去吧。”<i>——可怜的查理年鉴</i></blockquote></p><p> “Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p><p><blockquote>“量入为出，存钱，这样你就可以投资。学习你需要学习的东西。”<b><i>—</i></b><i>太对了！：伯克希尔·哈撒韦亿万富翁查理·芒格的幕后花絮</i></blockquote></p><p> <b>On investing and business:</b></p><p><blockquote><b>关于投资和商业：</b></blockquote></p><p> “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“理解复利的力量和获得复利的难度是理解很多事情的核心和灵魂。”<i>——可怜的查理年鉴</i></blockquote></p><p> “There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p><p><blockquote>“对于个人来说，进入一个可以进行一些伟大投资并坐在屁股上的职位有巨大的优势：你向经纪人支付的费用更少。你听到的废话也更少。如果成功的话，政府税收系统每年会给你额外的1、2或3个百分点的复利。”—<i>查理·芒格的《世俗智慧》1995-1998</i></blockquote></p><p> “I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p><p><blockquote>“我有一个渔夫朋友，他说，‘我有一个钓鱼成功的简单规则。在有鱼的地方钓鱼。’你想在有便宜货的地方钓鱼。就这么简单。如果你所在的地方钓鱼真的很糟糕，你可能应该寻找另一个地方钓鱼。”—2020 Daily Journal年度股东大会</blockquote></p><p> “Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“模仿群体会导致回归均值（仅仅是平均表现）。”<i>——可怜的查理年鉴</i></blockquote></p><p> “The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p><p><blockquote>“这个世界充满了愚蠢的赌徒，他们不会像耐心的投资者那样做得好。”<i>-2018年每周股票访谈</i></blockquote></p><p> “It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“拿着那么多钱无所事事需要性格。我不是靠追求平庸的机会才有今天的成就的。”<i>——可怜的查理年鉴</i></blockquote></p><p> “I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p><p><blockquote>“我发现找到四到五项投资要容易得多，而且我有相当合理的机会是正确的，它们远高于平均水平。我认为找到五项比找到100项容易得多。我认为那些主张所有这些多元化的人——顺便说一句，我将其看涨期权为‘去恶化’——这是我从某人那里复制的——我更愿意拥有两到三只我认为我了解一些并且我认为我有优势的股票。”—<i>2021年度日报年度股东大会</i></blockquote></p><p></p><p> \"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p><p><blockquote>“通常我不会用正式的投影，我不让别人帮我做，因为我不喜欢在桌子上呕吐，但我一直看到他们是用非常愚蠢的方式做的，而且很多人相信他们，不管他们有多愚蠢。在美国，把一个愚蠢的投影放在桌子上是一种有效的销售技巧。”<i>2003年加州大学圣巴巴拉分校经济系Herb Kay本科生讲座</i></blockquote></p><p> \"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p><p><blockquote>“我认为我们在投资管理方面陷入如此愚蠢的原因最好地说明了我讲的一个卖渔具的人的故事。我问他，‘天哪，它们是紫色和绿色的。鱼真的会接受这些鱼饵吗？’他说，‘先生，我不卖给鱼。’”-1994年在南加州大学商学院的演讲：“关于投资管理和商业的基本世俗智慧的一课”</blockquote></p><p> “Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p><p><blockquote>“没有失败的资本主义就像没有地狱的宗教。”—<i>查理·芒格之道</i></blockquote></p><p> <b>On mental models and decision-making frameworks:</b></p><p><blockquote><b>论心智模型与决策框架：</b></blockquote></p><p> “We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“当某件事工作得很好时，我们已经有足够的判断力来继续做下去。我想说，我们正在展示可能被称为生命基本算法的东西——重复有效的东西。”<i>-2010年伯克希尔哈撒韦年会</i></blockquote></p><p> “I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p><p><blockquote>“我花了一生的时间试图避免自己的精神偏见。a.）我对自己的错误嗤之以鼻。B.）我尽可能地保持简单和基本。而且，我喜欢安全边际的工程概念。我是一个非常阻塞和处理的思考者。我只是尽量避免犯傻。我有处理很多问题的方法——我把它们放在我看涨期权的“太难的一堆”里，然后把它们留在那里。我并不是想在我的‘太难堆’中取得成功。”-<i>2020加州理工学院杰出校友奖访谈</i></blockquote></p><p> <b>On life:</b></p><p><blockquote><b>关于生活：</b></blockquote></p><p> “I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为生活就是一系列的机会成本。你知道，你必须嫁给最好的人，他很容易找到谁会拥有你。投资也是一个类似的过程。”<i>——1997年伯克希尔哈撒韦公司年会</i></blockquote></p><p> \"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“当然，另一件事是，生活中会有可怕的打击，可怕的打击，不公平的打击。没关系。有些人康复了，有些人没有。在这方面，我认为爱比克泰德的态度是最好的。他认为生活中的每一次不幸都是表现良好的机会。生活中的每一次不幸都是学习的机会，你的责任不是沉浸在自怜中，而是以建设性的方式利用可怕的打击。这是一个非常好的主意。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p><p><blockquote>“你没有太多的嫉妒，你没有太多的怨恨，你不会超支你的收入，尽管你有麻烦，你仍然保持快乐，你与可靠的人打交道，你做你应该做的事情。所有这些简单的规则都能让你的生活变得更好。”<i>-2019年CNBC采访</i></blockquote></p><p></p>","source":"lsy1584348713084","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>21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote></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\">\n21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo</strong><span class=\"h-time small\">2021-04-30 21:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p><p><blockquote>伯克希尔哈撒韦公司（BRK-A、BRK-B）年度股东大会将于5月1日在洛杉矶举行，沃伦·巴菲特将与分居一年后的加州长期商业伙伴查理·芒格重聚。</blockquote></p><p> In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p><p><blockquote>在正常的一年里，成千上万的人前往内布拉斯加州的奥马哈朝圣，听90岁的巴菲特和97岁的芒格回答问题几个小时，一边啜饮可口可乐，一边啃喜诗糖果的花生糖。伯克希尔·哈撒韦公司副董事长芒格因其广博的知识和关于商业、投资和生活的格言以及丰富多彩的语言和幽默而受到崇拜。众所周知，在巴菲特说完之后，他经常说：“我没有什么要补充的了。”去年，由于冠状病毒大流行，伯克希尔·哈撒韦公司的年会变成了虚拟会议，巴菲特在没有芒格的空荡荡的CHI健康中心竞技场远距离回答问题。</blockquote></p><p> While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p><p><blockquote>虽然巴菲特是伯克希尔哈撒韦公司更公开、更容易辨认的面孔，但这家标志性企业集团今天的地位是按照芒格的蓝图建立的，即超越所谓的“雪茄屁股”投资，转向“以公平的价格收购出色的企业”。纪念公司成立50周年的股东信。尽管巴菲特将他的成功归功于芒格，但他也强调，他的朋友和商业伙伴让他成为了一个“更好的人”。</blockquote></p><p> And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p><p><blockquote>因此，为了纪念这两位投资传奇人物以及长期合作伙伴和朋友的重聚，我们整理了一些我们最喜欢的芒格名言：</blockquote></p><p> <b>On learning</b></p><p><blockquote><b>论学习</b></blockquote></p><p> “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“在我的一生中，我从来没有认识过不一直读书的智者（在广泛的主题领域）——没有，零。你会惊讶于沃伦读了多少书——以及我读了多少书。我的孩子们嘲笑我。他们认为我是一本伸出两条腿的书。”<i>——可怜的查理年鉴</i></blockquote></p><p> \"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p><p><blockquote>“没有学习的方法，你就像一个踢屁股比赛的独腿人。只是不会很好地发挥作用。”<i>-2021年度日报股东周年大会</i></blockquote></p><p> “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“我经常看到一些人在生活中崛起，他们并不是最聪明的，有时甚至不是最勤奋的，但他们是学习机器。他们每天晚上睡觉时都比起床时聪明一点，这很有帮助——尤其是当你还有很长的路要走的时候。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为正确的生活就是不断学习、学习、学习。”<i>—2017年伯克希尔哈撒韦年会</i></blockquote></p><p> “Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“获得世俗的智慧，并相应地调整你的行为。如果你的新行为让你在同龄人中暂时不受欢迎，那就让他们见鬼去吧。”<i>——可怜的查理年鉴</i></blockquote></p><p> “Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p><p><blockquote>“量入为出，存钱，这样你就可以投资。学习你需要学习的东西。”<b><i>—</i></b><i>太对了！：伯克希尔·哈撒韦亿万富翁查理·芒格的幕后花絮</i></blockquote></p><p> <b>On investing and business:</b></p><p><blockquote><b>关于投资和商业：</b></blockquote></p><p> “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“理解复利的力量和获得复利的难度是理解很多事情的核心和灵魂。”<i>——可怜的查理年鉴</i></blockquote></p><p> “There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p><p><blockquote>“对于个人来说，进入一个可以进行一些伟大投资并坐在屁股上的职位有巨大的优势：你向经纪人支付的费用更少。你听到的废话也更少。如果成功的话，政府税收系统每年会给你额外的1、2或3个百分点的复利。”—<i>查理·芒格的《世俗智慧》1995-1998</i></blockquote></p><p> “I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p><p><blockquote>“我有一个渔夫朋友，他说，‘我有一个钓鱼成功的简单规则。在有鱼的地方钓鱼。’你想在有便宜货的地方钓鱼。就这么简单。如果你所在的地方钓鱼真的很糟糕，你可能应该寻找另一个地方钓鱼。”—2020 Daily Journal年度股东大会</blockquote></p><p> “Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“模仿群体会导致回归均值（仅仅是平均表现）。”<i>——可怜的查理年鉴</i></blockquote></p><p> “The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p><p><blockquote>“这个世界充满了愚蠢的赌徒，他们不会像耐心的投资者那样做得好。”<i>-2018年每周股票访谈</i></blockquote></p><p> “It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“拿着那么多钱无所事事需要性格。我不是靠追求平庸的机会才有今天的成就的。”<i>——可怜的查理年鉴</i></blockquote></p><p> “I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p><p><blockquote>“我发现找到四到五项投资要容易得多，而且我有相当合理的机会是正确的，它们远高于平均水平。我认为找到五项比找到100项容易得多。我认为那些主张所有这些多元化的人——顺便说一句，我将其看涨期权为‘去恶化’——这是我从某人那里复制的——我更愿意拥有两到三只我认为我了解一些并且我认为我有优势的股票。”—<i>2021年度日报年度股东大会</i></blockquote></p><p></p><p> \"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p><p><blockquote>“通常我不会用正式的投影，我不让别人帮我做，因为我不喜欢在桌子上呕吐，但我一直看到他们是用非常愚蠢的方式做的，而且很多人相信他们，不管他们有多愚蠢。在美国，把一个愚蠢的投影放在桌子上是一种有效的销售技巧。”<i>2003年加州大学圣巴巴拉分校经济系Herb Kay本科生讲座</i></blockquote></p><p> \"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p><p><blockquote>“我认为我们在投资管理方面陷入如此愚蠢的原因最好地说明了我讲的一个卖渔具的人的故事。我问他，‘天哪，它们是紫色和绿色的。鱼真的会接受这些鱼饵吗？’他说，‘先生，我不卖给鱼。’”-1994年在南加州大学商学院的演讲：“关于投资管理和商业的基本世俗智慧的一课”</blockquote></p><p> “Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p><p><blockquote>“没有失败的资本主义就像没有地狱的宗教。”—<i>查理·芒格之道</i></blockquote></p><p> <b>On mental models and decision-making frameworks:</b></p><p><blockquote><b>论心智模型与决策框架：</b></blockquote></p><p> “We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“当某件事工作得很好时，我们已经有足够的判断力来继续做下去。我想说，我们正在展示可能被称为生命基本算法的东西——重复有效的东西。”<i>-2010年伯克希尔哈撒韦年会</i></blockquote></p><p> “I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p><p><blockquote>“我花了一生的时间试图避免自己的精神偏见。a.）我对自己的错误嗤之以鼻。B.）我尽可能地保持简单和基本。而且，我喜欢安全边际的工程概念。我是一个非常阻塞和处理的思考者。我只是尽量避免犯傻。我有处理很多问题的方法——我把它们放在我看涨期权的“太难的一堆”里，然后把它们留在那里。我并不是想在我的‘太难堆’中取得成功。”-<i>2020加州理工学院杰出校友奖访谈</i></blockquote></p><p> <b>On life:</b></p><p><blockquote><b>关于生活：</b></blockquote></p><p> “I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为生活就是一系列的机会成本。你知道，你必须嫁给最好的人，他很容易找到谁会拥有你。投资也是一个类似的过程。”<i>——1997年伯克希尔哈撒韦公司年会</i></blockquote></p><p> \"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“当然，另一件事是，生活中会有可怕的打击，可怕的打击，不公平的打击。没关系。有些人康复了，有些人没有。在这方面，我认为爱比克泰德的态度是最好的。他认为生活中的每一次不幸都是表现良好的机会。生活中的每一次不幸都是学习的机会，你的责任不是沉浸在自怜中，而是以建设性的方式利用可怕的打击。这是一个非常好的主意。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p><p><blockquote>“你没有太多的嫉妒，你没有太多的怨恨，你不会超支你的收入，尽管你有麻烦，你仍然保持快乐，你与可靠的人打交道，你做你应该做的事情。所有这些简单的规则都能让你的生活变得更好。”<i>-2019年CNBC采访</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html\">Yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114554743","content_text":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.\nIn a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.\nWhile Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”\nAnd so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:\nOn learning\n“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”—Poor Charlie's Almanack\n\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"—2021 Daily Journal AGM\n“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”—2007 USC Law School Commencement Address\n“I think that a life properly lived is just learn, learn, learn all the time.”—2017 Berkshire Hathaway Annual Meeting\n“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”—Poor Charlie's Almanack\n“Live within your income and save so that you can invest. Learn what you need to learn.”—Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger\nOn investing and business:\n“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”—Poor Charlie's Almanack\n“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —Worldly Wisdom by Charlie Munger 1995 - 1998\n“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM\n“Mimicking the herd invites regression to the mean (merely average performance).”—Poor Charlie's Almanack\n“The world is full of foolish gamblers and they will not do as well as the patient investors.”—2018 Weekly in Stocks interview\n“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”—Poor Charlie's Almanack\n“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —2021 Daily Journal AGM\n\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department\n\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School\n“Capitalism without failure is like religion without hell.” —Tao of Charlie Munger\nOn mental models and decision-making frameworks:\n“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”—2010 Berkshire Hathaway Annual Meeting\n“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —2020 CalTech Distinguished Alumni Award interview\nOn life:\n“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”—1997 Berkshire Hathaway Annual Meeting\n\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"—2007 USC Law School Commencement Address\n“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”—2019 CNBC interview","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":103529572,"gmtCreate":1619794383696,"gmtModify":1634209866504,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/103529572","repostId":"1180935504","repostType":4,"repost":{"id":"1180935504","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619785386,"share":"https://www.laohu8.com/m/news/1180935504?lang=zh_CN&edition=full","pubTime":"2021-04-30 20:23","market":"us","language":"en","title":"JPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180935504","media":"英为财情Investing","summary":"JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in a","content":"<p>JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.</p><p><blockquote>一位银行高管告诉路透社，摩根大通（纽约证券交易所股票代码：JPM）的发展金融机构旨在每年为超过1000亿美元的活动提供资金，该机构正在寻求支持更多供应链交易，以帮助发展中国家抗击COVID-19。</blockquote></p><p> Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.</p><p><blockquote>疫情爆发后，印度等一些新兴市场在疫苗和其他医疗设备的供应方面遇到了困难。</blockquote></p><p> \"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.</p><p><blockquote>该机构董事总经理Faheen Allibhoy表示：“我们希望进行更多以发展和影响为核心的交易。”</blockquote></p><p> The vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.</p><p><blockquote>Allibhoy说，疫苗供应链、以性别为重点的贷款、水和粮食安全以及气候智能型农业是该机构将重点关注的领域。</blockquote></p><p> The JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.</p><p><blockquote>摩根大通发展金融机构成立于去年，旨在通过投资银行交易为发展活动提供超过1000亿美元的资金，并从其市场业务中获得额外贡献。</blockquote></p><p> In 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.</p><p><blockquote>2020年，该机构将437笔交易认定为开发融资，总价值1460亿美元。</blockquote></p><p> It has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.</p><p><blockquote>它帮助摩洛哥和多米尼加共和国政府发行债券，筹集的资金分别用于帮助受疫情影响的公司和资助国家预算。</blockquote></p><p> In 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.</p><p><blockquote>Allibhoy表示，2021年，该银行还将重点关注更多充当融资结构代理的交易，该银行已于2月份完成了在非洲的首笔交易，涉及Liquid Telecom的6.2亿美元交易。</blockquote></p><p> This month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.</p><p><blockquote>本月，世行宣布计划在10年内融资和促进超过2.5万亿美元，以推进应对气候变化和促进可持续发展的长期解决方案。</blockquote></p><p></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>JPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote></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\">\nJPMorgan development arm seeks to fund vaccine supply chain<blockquote>摩根大通开发部门寻求为疫苗供应链提供资金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-30 20:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.</p><p><blockquote>一位银行高管告诉路透社，摩根大通（纽约证券交易所股票代码：JPM）的发展金融机构旨在每年为超过1000亿美元的活动提供资金，该机构正在寻求支持更多供应链交易，以帮助发展中国家抗击COVID-19。</blockquote></p><p> Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.</p><p><blockquote>疫情爆发后，印度等一些新兴市场在疫苗和其他医疗设备的供应方面遇到了困难。</blockquote></p><p> \"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.</p><p><blockquote>该机构董事总经理Faheen Allibhoy表示：“我们希望进行更多以发展和影响为核心的交易。”</blockquote></p><p> The vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.</p><p><blockquote>Allibhoy说，疫苗供应链、以性别为重点的贷款、水和粮食安全以及气候智能型农业是该机构将重点关注的领域。</blockquote></p><p> The JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.</p><p><blockquote>摩根大通发展金融机构成立于去年，旨在通过投资银行交易为发展活动提供超过1000亿美元的资金，并从其市场业务中获得额外贡献。</blockquote></p><p> In 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.</p><p><blockquote>2020年，该机构将437笔交易认定为开发融资，总价值1460亿美元。</blockquote></p><p> It has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.</p><p><blockquote>它帮助摩洛哥和多米尼加共和国政府发行债券，筹集的资金分别用于帮助受疫情影响的公司和资助国家预算。</blockquote></p><p> In 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.</p><p><blockquote>Allibhoy表示，2021年，该银行还将重点关注更多充当融资结构代理的交易，该银行已于2月份完成了在非洲的首笔交易，涉及Liquid Telecom的6.2亿美元交易。</blockquote></p><p> This month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.</p><p><blockquote>本月，世行宣布计划在10年内融资和促进超过2.5万亿美元，以推进应对气候变化和促进可持续发展的长期解决方案。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180935504","content_text":"JPMorgan (NYSE:JPM)'s development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters.\nSome emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.\n\"We'd like to do more transactions that have development and impact at their heart,\" said Faheen Allibhoy, managing director of the institution.\nThe vaccine supply chain, gender-focused lending, water and food security, and climate-smart agriculture are areas where the institution will look to focus, Allibhoy said.\nThe JPMorgan Development Finance Institution was set up last year and aims to fund more than $100 billion annually in development activities from investment banking deals, with extra contributions from its markets businesses.\nIn 2020, the institution qualified 437 transactions as development finance worth a total of $146 billion.\nIt has helped with bonds for the governments of Morocco and the Dominican Republic, where the funds raised are aimed at helping companies affected by the pandemic and financing the state budget, respectively.\nIn 2021 it is also focusing on more deals where the bank acts as a financing structuring agent, having in February completed its first in Africa, a $620 million deal involving Liquid Telecom, Allibhoy said.\nThis month, the bank announced plans to finance and facilitate more than $2.5 trillion over 10 years to advance long-term solutions that fight climate change and contribute to sustainable development.","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802577435,"gmtCreate":1627791990327,"gmtModify":1631886725002,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QFIN\">$360 Finance(QFIN)$</a>What is the latest on their app ban status?","listText":"<a href=\"https://laohu8.com/S/QFIN\">$360 Finance(QFIN)$</a>What is the latest on their app ban status?","text":"$360 Finance(QFIN)$What is the latest on their app ban status?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802577435","isVote":1,"tweetType":1,"viewCount":2356,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3471182401467947","authorId":"3471182401467947","name":"斐洛王","avatar":"https://static.tigerbbs.com/c1be45c00d8c67437542b6417af99d49","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3471182401467947","idStr":"3471182401467947"},"content":"这并不是禁令，几乎所有知名互联网公司的应用都收到了相同的措施，目的是保证用户数据的安全。只要按照条款进行改正就可以重新回来","text":"这并不是禁令，几乎所有知名互联网公司的应用都收到了相同的措施，目的是保证用户数据的安全。只要按照条款进行改正就可以重新回来","html":"这并不是禁令，几乎所有知名互联网公司的应用都收到了相同的措施，目的是保证用户数据的安全。只要按照条款进行改正就可以重新回来"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162586886,"gmtCreate":1624068133345,"gmtModify":1634011173351,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Short squeezes&nbsp;","listText":"Short squeezes&nbsp;","text":"Short squeezes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162586886","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","kind":"news","pubTimestamp":1624065234,"share":"https://www.laohu8.com/m/news/1166679093?lang=zh_CN&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></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>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote></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\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-19 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp","SNDL":"SNDL Inc.","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1,"symbols_score_info":{"CLOV":0.9,"SNDL":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103520018,"gmtCreate":1619794313534,"gmtModify":1634209867672,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Finally&nbsp;","listText":"Finally&nbsp;","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103520018","repostId":"1163194123","repostType":4,"isVote":1,"tweetType":1,"viewCount":1912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103567029,"gmtCreate":1619794257561,"gmtModify":1631884667458,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Wonder if the same will be true for China tech giants?","listText":"Wonder if the same will be true for China tech giants?","text":"Wonder if the same will be true for China tech giants?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103567029","repostId":"1199870015","repostType":4,"isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":870189618,"gmtCreate":1636593316972,"gmtModify":1636593316972,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"JD and Alibaba Earnings upcoming! YTY increase or no?","listText":"JD and Alibaba Earnings upcoming! YTY increase or no?","text":"JD and Alibaba Earnings upcoming! YTY increase or no?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870189618","isVote":1,"tweetType":1,"viewCount":1424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":162564881,"gmtCreate":1624068472744,"gmtModify":1634011162158,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Overvalued stocks everywhere&nbsp;","listText":"Overvalued stocks everywhere&nbsp;","text":"Overvalued stocks everywhere","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162564881","repostId":"1117650695","repostType":2,"isVote":1,"tweetType":1,"viewCount":1771,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162584378,"gmtCreate":1624068182794,"gmtModify":1634011170880,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"Credit suisse","listText":"Credit suisse","text":"Credit suisse","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162584378","repostId":"1119296361","repostType":4,"repost":{"id":"1119296361","kind":"news","pubTimestamp":1624028454,"share":"https://www.laohu8.com/m/news/1119296361?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:00","market":"us","language":"en","title":"Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119296361","media":"Barrons","summary":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier","content":"<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>当美联储发布6月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借钱和长期借钱来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会提高，而当情况相反时，利润会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三会议结束后，10年期国债收益率大幅反弹，上涨0.071%至1.569%，而两年期国债收益率上涨0.038个百分点至0.203%，两者利差达到1.366个百分点。这种扩大使得金融业，尤其是银行股，成为少数对美联储周三的声明做出积极反应的行业之一。SPDR S&amp;P Bank ETF(KBE)上涨0.9%，摩根大通(JPM)上涨0.7%，尽管标准普尔500指数下跌0.5%，道琼斯工业平均指数下跌0.8%，纳斯达克综合指数下跌0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期国债收益率跌至1.498%，两年期国债收益率升至0.238%，差距为1.26个百分点。对于银行等利率敏感行业来说，所谓的收益率曲线变平是个坏消息。SPDR S&amp;P Bank ETF周四下跌4.5%，周五盘前交易下跌1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道指期货下跌0.8%。纳斯达克综合指数期货下跌0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>市场为何大转变？为了让收益率继续上升，经济需要表明它正在迅速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长。Evercore ISI策略师丹尼斯·德布斯切尔(Dennis DeBusschere)表示，由于周四初请失业金人数大幅下降，并在六周下降后首次上升，市场决定关注后者，而不是前者。他写道：“相对于所有人之前的想法，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那么强劲。”</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>","source":"lsy1601382232898","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>Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote></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\">\nBank Stocks Were Fed Day Winners. Why They’re Getting Crushed.<blockquote>银行股是美联储日的赢家。为什么他们会被压垮。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-18 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p><p><blockquote>当美联储发布6月份货币政策声明时，银行股上涨，该声明指出加息时间早于预期。周四，他们是市场最大的输家之一。</blockquote></p><p> There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p><p><blockquote>这是有充分理由的。银行通常通过短期借钱和长期借钱来赚钱，并从利差中获利。当长期利率上升速度快于短期利率时，银行利润率通常会提高，而当情况相反时，利润会恶化。</blockquote></p><p> After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&amp;P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&amp;P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p><p><blockquote>周三会议结束后，10年期国债收益率大幅反弹，上涨0.071%至1.569%，而两年期国债收益率上涨0.038个百分点至0.203%，两者利差达到1.366个百分点。这种扩大使得金融业，尤其是银行股，成为少数对美联储周三的声明做出积极反应的行业之一。SPDR S&amp;P Bank ETF(KBE)上涨0.9%，摩根大通(JPM)上涨0.7%，尽管标准普尔500指数下跌0.5%，道琼斯工业平均指数下跌0.8%，纳斯达克综合指数下跌0.2%</blockquote></p><p> The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&amp;P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&amp;P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p><p><blockquote>然而，市场已经改变了主意。10年期国债收益率跌至1.498%，两年期国债收益率升至0.238%，差距为1.26个百分点。对于银行等利率敏感行业来说，所谓的收益率曲线变平是个坏消息。SPDR S&amp;P Bank ETF周四下跌4.5%，周五盘前交易下跌1%。摩根大通周四下跌2.9%，周五下跌约1%。周五标普500期货下跌0.6%，道指期货下跌0.8%。纳斯达克综合指数期货下跌0.4%。</blockquote></p><p> Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p><p><blockquote>市场为何大转变？为了让收益率继续上升，经济需要表明它正在迅速复苏。否则，投资者将押注美国在2008年金融危机后经历的缓慢增长。Evercore ISI策略师丹尼斯·德布斯切尔(Dennis DeBusschere)表示，由于周四初请失业金人数大幅下降，并在六周下降后首次上升，市场决定关注后者，而不是前者。他写道：“相对于所有人之前的想法，经济前景面临的风险是急剧转向鹰派，同时劳动力市场并不像美联储假设的那么强劲。”</blockquote></p><p> Until that changes, it will be hard for bank stocks to bounce back.</p><p><blockquote>在这种情况改变之前，银行股将很难反弹。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","GS":"高盛","MS":"摩根士丹利","BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行"},"source_url":"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119296361","content_text":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.\nAfter Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%\nThe market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.\nWhy the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.\nUntil that changes, it will be hard for bank stocks to bounce back.","news_type":1,"symbols_score_info":{"WFC":0.9,"MS":0.9,"JPM":0.9,"C":0.9,"GS":0.9,"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103565448,"gmtCreate":1619794189084,"gmtModify":1634209869226,"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joelchua","avatar":"https://static.tigerbbs.com/86d144e798e3c2296cff8b32230b3be8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"themes":[],"htmlText":"The legends&nbsp;","listText":"The legends&nbsp;","text":"The legends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103565448","repostId":"1114554743","repostType":4,"repost":{"id":"1114554743","kind":"news","pubTimestamp":1619790825,"share":"https://www.laohu8.com/m/news/1114554743?lang=zh_CN&edition=full","pubTime":"2021-04-30 21:53","market":"us","language":"en","title":"21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114554743","media":"Yahoo","summary":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May","content":"<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p><p><blockquote>伯克希尔哈撒韦公司（BRK-A、BRK-B）年度股东大会将于5月1日在洛杉矶举行，沃伦·巴菲特将与分居一年后的加州长期商业伙伴查理·芒格重聚。</blockquote></p><p> In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p><p><blockquote>在正常的一年里，成千上万的人前往内布拉斯加州的奥马哈朝圣，听90岁的巴菲特和97岁的芒格回答问题几个小时，一边啜饮可口可乐，一边啃喜诗糖果的花生糖。伯克希尔·哈撒韦公司副董事长芒格因其广博的知识和关于商业、投资和生活的格言以及丰富多彩的语言和幽默而受到崇拜。众所周知，在巴菲特说完之后，他经常说：“我没有什么要补充的了。”去年，由于冠状病毒大流行，伯克希尔·哈撒韦公司的年会变成了虚拟会议，巴菲特在没有芒格的空荡荡的CHI健康中心竞技场远距离回答问题。</blockquote></p><p> While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p><p><blockquote>虽然巴菲特是伯克希尔哈撒韦公司更公开、更容易辨认的面孔，但这家标志性企业集团今天的地位是按照芒格的蓝图建立的，即超越所谓的“雪茄屁股”投资，转向“以公平的价格收购出色的企业”。纪念公司成立50周年的股东信。尽管巴菲特将他的成功归功于芒格，但他也强调，他的朋友和商业伙伴让他成为了一个“更好的人”。</blockquote></p><p> And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p><p><blockquote>因此，为了纪念这两位投资传奇人物以及长期合作伙伴和朋友的重聚，我们整理了一些我们最喜欢的芒格名言：</blockquote></p><p> <b>On learning</b></p><p><blockquote><b>论学习</b></blockquote></p><p> “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“在我的一生中，我从来没有认识过不一直读书的智者（在广泛的主题领域）——没有，零。你会惊讶于沃伦读了多少书——以及我读了多少书。我的孩子们嘲笑我。他们认为我是一本伸出两条腿的书。”<i>——可怜的查理年鉴</i></blockquote></p><p> \"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p><p><blockquote>“没有学习的方法，你就像一个踢屁股比赛的独腿人。只是不会很好地发挥作用。”<i>-2021年度日报股东周年大会</i></blockquote></p><p> “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“我经常看到一些人在生活中崛起，他们并不是最聪明的，有时甚至不是最勤奋的，但他们是学习机器。他们每天晚上睡觉时都比起床时聪明一点，这很有帮助——尤其是当你还有很长的路要走的时候。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为正确的生活就是不断学习、学习、学习。”<i>—2017年伯克希尔哈撒韦年会</i></blockquote></p><p> “Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“获得世俗的智慧，并相应地调整你的行为。如果你的新行为让你在同龄人中暂时不受欢迎，那就让他们见鬼去吧。”<i>——可怜的查理年鉴</i></blockquote></p><p> “Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p><p><blockquote>“量入为出，存钱，这样你就可以投资。学习你需要学习的东西。”<b><i>—</i></b><i>太对了！：伯克希尔·哈撒韦亿万富翁查理·芒格的幕后花絮</i></blockquote></p><p> <b>On investing and business:</b></p><p><blockquote><b>关于投资和商业：</b></blockquote></p><p> “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“理解复利的力量和获得复利的难度是理解很多事情的核心和灵魂。”<i>——可怜的查理年鉴</i></blockquote></p><p> “There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p><p><blockquote>“对于个人来说，进入一个可以进行一些伟大投资并坐在屁股上的职位有巨大的优势：你向经纪人支付的费用更少。你听到的废话也更少。如果成功的话，政府税收系统每年会给你额外的1、2或3个百分点的复利。”—<i>查理·芒格的《世俗智慧》1995-1998</i></blockquote></p><p> “I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p><p><blockquote>“我有一个渔夫朋友，他说，‘我有一个钓鱼成功的简单规则。在有鱼的地方钓鱼。’你想在有便宜货的地方钓鱼。就这么简单。如果你所在的地方钓鱼真的很糟糕，你可能应该寻找另一个地方钓鱼。”—2020 Daily Journal年度股东大会</blockquote></p><p> “Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“模仿群体会导致回归均值（仅仅是平均表现）。”<i>——可怜的查理年鉴</i></blockquote></p><p> “The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p><p><blockquote>“这个世界充满了愚蠢的赌徒，他们不会像耐心的投资者那样做得好。”<i>-2018年每周股票访谈</i></blockquote></p><p> “It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“拿着那么多钱无所事事需要性格。我不是靠追求平庸的机会才有今天的成就的。”<i>——可怜的查理年鉴</i></blockquote></p><p> “I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p><p><blockquote>“我发现找到四到五项投资要容易得多，而且我有相当合理的机会是正确的，它们远高于平均水平。我认为找到五项比找到100项容易得多。我认为那些主张所有这些多元化的人——顺便说一句，我将其看涨期权为‘去恶化’——这是我从某人那里复制的——我更愿意拥有两到三只我认为我了解一些并且我认为我有优势的股票。”—<i>2021年度日报年度股东大会</i></blockquote></p><p></p><p> \"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p><p><blockquote>“通常我不会用正式的投影，我不让别人帮我做，因为我不喜欢在桌子上呕吐，但我一直看到他们是用非常愚蠢的方式做的，而且很多人相信他们，不管他们有多愚蠢。在美国，把一个愚蠢的投影放在桌子上是一种有效的销售技巧。”<i>2003年加州大学圣巴巴拉分校经济系Herb Kay本科生讲座</i></blockquote></p><p> \"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p><p><blockquote>“我认为我们在投资管理方面陷入如此愚蠢的原因最好地说明了我讲的一个卖渔具的人的故事。我问他，‘天哪，它们是紫色和绿色的。鱼真的会接受这些鱼饵吗？’他说，‘先生，我不卖给鱼。’”-1994年在南加州大学商学院的演讲：“关于投资管理和商业的基本世俗智慧的一课”</blockquote></p><p> “Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p><p><blockquote>“没有失败的资本主义就像没有地狱的宗教。”—<i>查理·芒格之道</i></blockquote></p><p> <b>On mental models and decision-making frameworks:</b></p><p><blockquote><b>论心智模型与决策框架：</b></blockquote></p><p> “We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“当某件事工作得很好时，我们已经有足够的判断力来继续做下去。我想说，我们正在展示可能被称为生命基本算法的东西——重复有效的东西。”<i>-2010年伯克希尔哈撒韦年会</i></blockquote></p><p> “I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p><p><blockquote>“我花了一生的时间试图避免自己的精神偏见。a.）我对自己的错误嗤之以鼻。B.）我尽可能地保持简单和基本。而且，我喜欢安全边际的工程概念。我是一个非常阻塞和处理的思考者。我只是尽量避免犯傻。我有处理很多问题的方法——我把它们放在我看涨期权的“太难的一堆”里，然后把它们留在那里。我并不是想在我的‘太难堆’中取得成功。”-<i>2020加州理工学院杰出校友奖访谈</i></blockquote></p><p> <b>On life:</b></p><p><blockquote><b>关于生活：</b></blockquote></p><p> “I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为生活就是一系列的机会成本。你知道，你必须嫁给最好的人，他很容易找到谁会拥有你。投资也是一个类似的过程。”<i>——1997年伯克希尔哈撒韦公司年会</i></blockquote></p><p> \"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“当然，另一件事是，生活中会有可怕的打击，可怕的打击，不公平的打击。没关系。有些人康复了，有些人没有。在这方面，我认为爱比克泰德的态度是最好的。他认为生活中的每一次不幸都是表现良好的机会。生活中的每一次不幸都是学习的机会，你的责任不是沉浸在自怜中，而是以建设性的方式利用可怕的打击。这是一个非常好的主意。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p><p><blockquote>“你没有太多的嫉妒，你没有太多的怨恨，你不会超支你的收入，尽管你有麻烦，你仍然保持快乐，你与可靠的人打交道，你做你应该做的事情。所有这些简单的规则都能让你的生活变得更好。”<i>-2019年CNBC采访</i></blockquote></p><p></p>","source":"lsy1584348713084","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>21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote></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\">\n21 brilliant quotes from legendary investor and polymath Charlie Munger<blockquote>传奇投资者和博学的查理·芒格的21句精彩名言</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo</strong><span class=\"h-time small\">2021-04-30 21:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p><p><blockquote>伯克希尔哈撒韦公司（BRK-A、BRK-B）年度股东大会将于5月1日在洛杉矶举行，沃伦·巴菲特将与分居一年后的加州长期商业伙伴查理·芒格重聚。</blockquote></p><p> In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p><p><blockquote>在正常的一年里，成千上万的人前往内布拉斯加州的奥马哈朝圣，听90岁的巴菲特和97岁的芒格回答问题几个小时，一边啜饮可口可乐，一边啃喜诗糖果的花生糖。伯克希尔·哈撒韦公司副董事长芒格因其广博的知识和关于商业、投资和生活的格言以及丰富多彩的语言和幽默而受到崇拜。众所周知，在巴菲特说完之后，他经常说：“我没有什么要补充的了。”去年，由于冠状病毒大流行，伯克希尔·哈撒韦公司的年会变成了虚拟会议，巴菲特在没有芒格的空荡荡的CHI健康中心竞技场远距离回答问题。</blockquote></p><p> While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p><p><blockquote>虽然巴菲特是伯克希尔哈撒韦公司更公开、更容易辨认的面孔，但这家标志性企业集团今天的地位是按照芒格的蓝图建立的，即超越所谓的“雪茄屁股”投资，转向“以公平的价格收购出色的企业”。纪念公司成立50周年的股东信。尽管巴菲特将他的成功归功于芒格，但他也强调，他的朋友和商业伙伴让他成为了一个“更好的人”。</blockquote></p><p> And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p><p><blockquote>因此，为了纪念这两位投资传奇人物以及长期合作伙伴和朋友的重聚，我们整理了一些我们最喜欢的芒格名言：</blockquote></p><p> <b>On learning</b></p><p><blockquote><b>论学习</b></blockquote></p><p> “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“在我的一生中，我从来没有认识过不一直读书的智者（在广泛的主题领域）——没有，零。你会惊讶于沃伦读了多少书——以及我读了多少书。我的孩子们嘲笑我。他们认为我是一本伸出两条腿的书。”<i>——可怜的查理年鉴</i></blockquote></p><p> \"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p><p><blockquote>“没有学习的方法，你就像一个踢屁股比赛的独腿人。只是不会很好地发挥作用。”<i>-2021年度日报股东周年大会</i></blockquote></p><p> “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“我经常看到一些人在生活中崛起，他们并不是最聪明的，有时甚至不是最勤奋的，但他们是学习机器。他们每天晚上睡觉时都比起床时聪明一点，这很有帮助——尤其是当你还有很长的路要走的时候。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为正确的生活就是不断学习、学习、学习。”<i>—2017年伯克希尔哈撒韦年会</i></blockquote></p><p> “Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“获得世俗的智慧，并相应地调整你的行为。如果你的新行为让你在同龄人中暂时不受欢迎，那就让他们见鬼去吧。”<i>——可怜的查理年鉴</i></blockquote></p><p> “Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p><p><blockquote>“量入为出，存钱，这样你就可以投资。学习你需要学习的东西。”<b><i>—</i></b><i>太对了！：伯克希尔·哈撒韦亿万富翁查理·芒格的幕后花絮</i></blockquote></p><p> <b>On investing and business:</b></p><p><blockquote><b>关于投资和商业：</b></blockquote></p><p> “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“理解复利的力量和获得复利的难度是理解很多事情的核心和灵魂。”<i>——可怜的查理年鉴</i></blockquote></p><p> “There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p><p><blockquote>“对于个人来说，进入一个可以进行一些伟大投资并坐在屁股上的职位有巨大的优势：你向经纪人支付的费用更少。你听到的废话也更少。如果成功的话，政府税收系统每年会给你额外的1、2或3个百分点的复利。”—<i>查理·芒格的《世俗智慧》1995-1998</i></blockquote></p><p> “I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p><p><blockquote>“我有一个渔夫朋友，他说，‘我有一个钓鱼成功的简单规则。在有鱼的地方钓鱼。’你想在有便宜货的地方钓鱼。就这么简单。如果你所在的地方钓鱼真的很糟糕，你可能应该寻找另一个地方钓鱼。”—2020 Daily Journal年度股东大会</blockquote></p><p> “Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“模仿群体会导致回归均值（仅仅是平均表现）。”<i>——可怜的查理年鉴</i></blockquote></p><p> “The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p><p><blockquote>“这个世界充满了愚蠢的赌徒，他们不会像耐心的投资者那样做得好。”<i>-2018年每周股票访谈</i></blockquote></p><p> “It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p><p><blockquote>“拿着那么多钱无所事事需要性格。我不是靠追求平庸的机会才有今天的成就的。”<i>——可怜的查理年鉴</i></blockquote></p><p> “I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p><p><blockquote>“我发现找到四到五项投资要容易得多，而且我有相当合理的机会是正确的，它们远高于平均水平。我认为找到五项比找到100项容易得多。我认为那些主张所有这些多元化的人——顺便说一句，我将其看涨期权为‘去恶化’——这是我从某人那里复制的——我更愿意拥有两到三只我认为我了解一些并且我认为我有优势的股票。”—<i>2021年度日报年度股东大会</i></blockquote></p><p></p><p> \"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p><p><blockquote>“通常我不会用正式的投影，我不让别人帮我做，因为我不喜欢在桌子上呕吐，但我一直看到他们是用非常愚蠢的方式做的，而且很多人相信他们，不管他们有多愚蠢。在美国，把一个愚蠢的投影放在桌子上是一种有效的销售技巧。”<i>2003年加州大学圣巴巴拉分校经济系Herb Kay本科生讲座</i></blockquote></p><p> \"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p><p><blockquote>“我认为我们在投资管理方面陷入如此愚蠢的原因最好地说明了我讲的一个卖渔具的人的故事。我问他，‘天哪，它们是紫色和绿色的。鱼真的会接受这些鱼饵吗？’他说，‘先生，我不卖给鱼。’”-1994年在南加州大学商学院的演讲：“关于投资管理和商业的基本世俗智慧的一课”</blockquote></p><p> “Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p><p><blockquote>“没有失败的资本主义就像没有地狱的宗教。”—<i>查理·芒格之道</i></blockquote></p><p> <b>On mental models and decision-making frameworks:</b></p><p><blockquote><b>论心智模型与决策框架：</b></blockquote></p><p> “We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“当某件事工作得很好时，我们已经有足够的判断力来继续做下去。我想说，我们正在展示可能被称为生命基本算法的东西——重复有效的东西。”<i>-2010年伯克希尔哈撒韦年会</i></blockquote></p><p> “I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p><p><blockquote>“我花了一生的时间试图避免自己的精神偏见。a.）我对自己的错误嗤之以鼻。B.）我尽可能地保持简单和基本。而且，我喜欢安全边际的工程概念。我是一个非常阻塞和处理的思考者。我只是尽量避免犯傻。我有处理很多问题的方法——我把它们放在我看涨期权的“太难的一堆”里，然后把它们留在那里。我并不是想在我的‘太难堆’中取得成功。”-<i>2020加州理工学院杰出校友奖访谈</i></blockquote></p><p> <b>On life:</b></p><p><blockquote><b>关于生活：</b></blockquote></p><p> “I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p><p><blockquote>“我认为生活就是一系列的机会成本。你知道，你必须嫁给最好的人，他很容易找到谁会拥有你。投资也是一个类似的过程。”<i>——1997年伯克希尔哈撒韦公司年会</i></blockquote></p><p> \"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p><p><blockquote>“当然，另一件事是，生活中会有可怕的打击，可怕的打击，不公平的打击。没关系。有些人康复了，有些人没有。在这方面，我认为爱比克泰德的态度是最好的。他认为生活中的每一次不幸都是表现良好的机会。生活中的每一次不幸都是学习的机会，你的责任不是沉浸在自怜中，而是以建设性的方式利用可怕的打击。这是一个非常好的主意。”<i>-2007年南加州大学法学院毕业典礼演讲</i></blockquote></p><p> “You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p><p><blockquote>“你没有太多的嫉妒，你没有太多的怨恨，你不会超支你的收入，尽管你有麻烦，你仍然保持快乐，你与可靠的人打交道，你做你应该做的事情。所有这些简单的规则都能让你的生活变得更好。”<i>-2019年CNBC采访</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html\">Yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114554743","content_text":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.\nIn a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.\nWhile Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”\nAnd so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:\nOn learning\n“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”—Poor Charlie's Almanack\n\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"—2021 Daily Journal AGM\n“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”—2007 USC Law School Commencement Address\n“I think that a life properly lived is just learn, learn, learn all the time.”—2017 Berkshire Hathaway Annual Meeting\n“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”—Poor Charlie's Almanack\n“Live within your income and save so that you can invest. Learn what you need to learn.”—Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger\nOn investing and business:\n“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”—Poor Charlie's Almanack\n“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —Worldly Wisdom by Charlie Munger 1995 - 1998\n“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM\n“Mimicking the herd invites regression to the mean (merely average performance).”—Poor Charlie's Almanack\n“The world is full of foolish gamblers and they will not do as well as the patient investors.”—2018 Weekly in Stocks interview\n“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”—Poor Charlie's Almanack\n“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —2021 Daily Journal AGM\n\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department\n\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School\n“Capitalism without failure is like religion without hell.” —Tao of Charlie Munger\nOn mental models and decision-making frameworks:\n“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”—2010 Berkshire Hathaway Annual Meeting\n“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —2020 CalTech Distinguished Alumni Award interview\nOn life:\n“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”—1997 Berkshire Hathaway Annual Meeting\n\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"—2007 USC Law School Commencement Address\n“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”—2019 CNBC interview","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}