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DylanKua

DylanKua

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2021-05-30

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2021-05-27

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2021-05-21

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Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>

2021-05-21

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2021-05-03

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Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>

2021-05-01

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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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11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"<p>Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.</p><p><blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote></p><p>We're seeing a lot of fear in&nbsp;<b>Virgin Galactic</b>(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.</p><p><blockquote>我们看到了很多恐惧<b>维珍银河</b>（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote></p><p>Delays, EMI, and engineering mumbo jumbo</p><p><blockquote>延迟、EMI和工程术语</blockquote></p><p>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.</p><p><blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote></p><p>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.</p><p><blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote></p><p>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.</p><p><blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote></p><p>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:</p><p><blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote></p><p>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.</p><p><blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote></p><p>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:</p><p><blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote></p><p>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.</p><p><blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote></p><p>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.</p><p><blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote></p><p>My biggest worry</p><p><blockquote>我最大的担心</blockquote></p><p>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.</p><p><blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote></p><p></p><p>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.</p><p><blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote></p><p>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.</p><p><blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote></p><p>The bottom line</p><p><blockquote>底线</blockquote></p><p>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:</p><p><blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote></p><p><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.</p><p><blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</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>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</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\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-05-21 11:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.</p><p><blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote></p><p>We're seeing a lot of fear in&nbsp;<b>Virgin Galactic</b>(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.</p><p><blockquote>我们看到了很多恐惧<b>维珍银河</b>（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote></p><p>Delays, EMI, and engineering mumbo jumbo</p><p><blockquote>延迟、EMI和工程术语</blockquote></p><p>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.</p><p><blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote></p><p>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.</p><p><blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote></p><p>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.</p><p><blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote></p><p>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:</p><p><blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote></p><p>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.</p><p><blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote></p><p>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:</p><p><blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote></p><p>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.</p><p><blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote></p><p>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.</p><p><blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote></p><p>My biggest worry</p><p><blockquote>我最大的担心</blockquote></p><p>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.</p><p><blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote></p><p></p><p>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.</p><p><blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote></p><p>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.</p><p><blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote></p><p>The bottom line</p><p><blockquote>底线</blockquote></p><p>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:</p><p><blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote></p><p><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.</p><p><blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">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":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130748188,"gmtCreate":1621569477844,"gmtModify":1621572643783,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578868906408022","idStr":"3578868906408022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130748188","repostId":"2136115927","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108219248,"gmtCreate":1620029509784,"gmtModify":1620034697351,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578868906408022","idStr":"3578868906408022"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108219248","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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":{"UBER":"优步",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","PFE":"辉瑞","TMUS":"T-Mobile US Inc",".SPX":"S&P 500 Index","PYPL":"PayPal","GM":"通用汽车"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"PFE":0.9,"GM":0.9,"PYPL":0.9,"VIACP":0.9,"TMUS":0.9,".IXIC":0.9,"UBER":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101863229,"gmtCreate":1619877796361,"gmtModify":1619878407253,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578868906408022","idStr":"3578868906408022"},"themes":[],"htmlText":"Tq","listText":"Tq","text":"Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/101863229","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":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":101863229,"gmtCreate":1619877796361,"gmtModify":1619878407253,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Tq","listText":"Tq","text":"Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/101863229","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":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137218730,"gmtCreate":1622349565120,"gmtModify":1622354147985,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/137218730","repostId":"2138102985","repostType":2,"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132471933,"gmtCreate":1622110986322,"gmtModify":1622111308392,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132471933","repostId":"2138866145","repostType":4,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130748537,"gmtCreate":1621569520429,"gmtModify":1621572643784,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130748537","repostId":"1194977248","repostType":4,"repost":{"id":"1194977248","kind":"news","pubTimestamp":1621566816,"share":"https://www.laohu8.com/m/news/1194977248?lang=zh_CN&edition=full","pubTime":"2021-05-21 11:13","market":"us","language":"en","title":"Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977248","media":"fool","summary":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in re","content":"<p>Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.</p><p><blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote></p><p>We're seeing a lot of fear in&nbsp;<b>Virgin Galactic</b>(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.</p><p><blockquote>我们看到了很多恐惧<b>维珍银河</b>（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote></p><p>Delays, EMI, and engineering mumbo jumbo</p><p><blockquote>延迟、EMI和工程术语</blockquote></p><p>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.</p><p><blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote></p><p>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.</p><p><blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote></p><p>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.</p><p><blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote></p><p>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:</p><p><blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote></p><p>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.</p><p><blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote></p><p>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:</p><p><blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote></p><p>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.</p><p><blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote></p><p>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.</p><p><blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote></p><p>My biggest worry</p><p><blockquote>我最大的担心</blockquote></p><p>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.</p><p><blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote></p><p></p><p>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.</p><p><blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote></p><p>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.</p><p><blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote></p><p>The bottom line</p><p><blockquote>底线</blockquote></p><p>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:</p><p><blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote></p><p><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.</p><p><blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</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>Now Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</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\">\nNow Is the Time to Buy Virgin Galactic<blockquote>现在是购买维珍银河的时候了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-05-21 11:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.</p><p><blockquote>沃伦·巴菲特说，当别人恐惧时，要贪婪，但这在现实中是极其困难的。当股票下跌时，通常是有原因的。但有时这个原因是短期现象，长期投资理论仍然完好无损。</blockquote></p><p>We're seeing a lot of fear in&nbsp;<b>Virgin Galactic</b>(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.</p><p><blockquote>我们看到了很多恐惧<b>维珍银河</b>（纽约证券交易所股票代码：SPCE）目前，该股较历史高点下跌73%，人们对其试飞计划和内幕抛售感到担忧。这些都是合理的担忧，但重要的是要将它们与公司及其股票的长期观点联系起来，因为这可能是未来几十年的成长型股票。</blockquote></p><p>Delays, EMI, and engineering mumbo jumbo</p><p><blockquote>延迟、EMI和工程术语</blockquote></p><p>The biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.</p><p><blockquote>过去几个月维珍银河股价下跌的最大原因是其飞行测试以及商业太空飞行的延迟。投资者从来不喜欢延迟，尤其是当未来的时间表有些不确定的时候。</blockquote></p><p>To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.</p><p><blockquote>值得称赞的是，在最近的第一季度电话会议中，维珍银河管理层非常详细地强调了它正在对Unity航天器进行的修复以及修复进展如何。</blockquote></p><p>When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.</p><p><blockquote>当12月的一次飞行显示火箭助推器没有按计划到达太空时，这让投资者措手不及。宣布了延迟，二月份有消息透露，电磁干扰（EMI）是火箭助推器无法点火的原因。EMI是航空航天工程师必须经常担心的事情，在这种情况下，Unity上的一台新计算机引起了比预期更多的EMI，导致火箭发动机计算机失去连接。</blockquote></p><p>As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:</p><p><blockquote>与新飞机上的任何问题一样，一旦问题被诊断出来，工程师和技术人员就会着手解决问题并测试结果。一些硬件和屏蔽的改变带来了很大的改进，正如太空任务和安全总裁Mike Moses在电话会议上所说：</blockquote></p><p>As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.</p><p><blockquote>截至今天，飞行硬件的最终安装已经完成，通过端到端的检查，我们能够将当前的EMI与以前的水平进行比较，我们可以看到我们已经将EMI显著降低了10到20分贝。他接着说，EMI强度降低了90%以上，所以这次任务按计划完成了。</blockquote></p><p>The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:</p><p><blockquote>电话会议期间更令人惊讶的公告是，Eve飞机（Unity在分离前连接并带到高度的飞机）出现了“潜在的磨损问题”。与任何飞机一样，飞行前后都有检查，以及定期维护。在这种情况下，可能需要提前进行一些定期维护，摩西说：</blockquote></p><p>Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.</p><p><blockquote>在最后一次检查之后，我们在维护日历上确定了一个需要进一步研究的项目，以确定我们是否需要现在就采取行动，而不是按计划在秋季采取行动。因为这个问题在上周末刚刚出现，我们仍在确定可能需要采取哪些步骤来解决它。虽然这可能会影响我们的试飞计划，但我想强调的是，这是试飞计划的本质。我们将在前进之前花时间。我从这次延迟中得到了一些启示。一是12月的火箭故障没有造成任何人员伤亡，因为安全功能允许飞机滑行返回地球。这显示了系统中设计的安全性。其次，维珍银河在进一步飞行之前正在花时间完成修复和运行测试。对于长期投资者来说，这是一件好事。维珍银河可能发生的最糟糕的事情是航天器在飞行过程中出现故障，这可能会导致生命损失并导致公司破产。安全应该是第一位的，无论这是否意味着数周或数月的延误。第三，也许也是最重要的，这是尖端航空中发生的事情。遇到问题、解决问题和克服挑战是正常的。这些挑战像在维珍银河那样公开和公开地发生是不正常的。</blockquote></p><p>There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.</p><p><blockquote>第一季度的电话会议可能有很多工程细节。但作为一名工程师，我听说公司在一次飞行中发现了一些问题，正如我们所料，这些问题正在得到解决。我还听说安全系统按计划工作，并将继续成为优先事项，即使股票下跌。作为股东，我认为这些都是正确的优先事项，我们应该预计维珍银河会不时出现延误，因为它了解了更多关于飞往太空的知识。</blockquote></p><p>My biggest worry</p><p><blockquote>我最大的担心</blockquote></p><p>Delays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.</p><p><blockquote>如果延误能长期提高维珍银河航天器的安全性和性能，我不会担心。</blockquote></p><p></p><p>What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.</p><p><blockquote>让我担心的是维珍银河创始人理查德·布兰森爵士和董事会主席查马斯·帕里哈皮蒂亚在过去几个月里出售股票。帕里哈皮蒂亚在3月份出售了价值约2.13亿美元的维珍银河股票，自2020年12月以来已出售了他控制的约1000万股股票。继4月份出售1.5亿美元后，布兰森可能会在5月份提交文件，出售2500万股股票，即其所持公司股份的22%。</blockquote></p><p>As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.</p><p><blockquote>作为内部人士和董事会成员，帕里哈皮蒂亚和布兰森比我们作为公共投资者更了解维珍银河内部发生的事情。如果他们出售，对我来说这是一个危险信号，即使他们公开给出了令人信服的理由。</blockquote></p><p>The bottom line</p><p><blockquote>底线</blockquote></p><p>Given everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:</p><p><blockquote>鉴于我们今天对维珍银河的了解，我认为没有理由改变这只具有潜在破坏性的股票的长期前景。以下是一些需要记住的事情：</blockquote></p><p><ul><li>Safety should be the #1 priority, even if that means delays.</li><li>A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.</li><li>Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.</li><li>There is no indication that reservation holders are jumping ship.</li></ul>If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.</p><p><blockquote><ul><li>安全应该是第一要务，即使这意味着延误。</li><li>几周或几个月的延迟不会影响维珍银河的长期潜在市场。</li><li>在像太空旅行这样的新行业中，问题、修复、延迟和学习都是正常的，应该被视为改进的机会。</li><li>没有迹象表明预订者正在跳槽。</li></ul>如果您认为维珍银河是一只伟大的股票，具有巨大的潜力，可以以每股50美元的价格颠覆我们对旅行的看法，那么您应该会喜欢它每股17美元的价格。在过去的几个月里，除了对未知的恐惧占据了市场之外，我认为该公司的长期前景没有任何变化。但未知的正是投资者在这个完全未知的太空旅游业务中签约的目的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/\">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":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/05/20/now-is-the-time-to-buy-virgin-galactic/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977248","content_text":"Warren Buffett says to be greedy when others are fearful, but that can be extremely hard to do in reality. When stocks are falling, there's normally a reason. But sometimes that reason was a short-term phenomenon, and the long-term investment thesis is still intact.We're seeing a lot of fear in Virgin Galactic(NYSE:SPCE)right now, with the stock down 73% from its all-time high andconcerns about its test flight schedule and insider selling. These are all valid concerns, but it's important to put them into context against a long-term view of the company and its stock, because this could be agrowth stockfor decades to come.Delays, EMI, and engineering mumbo jumboThe biggest reason Virgin Galactic stock has fallen over the last few months is because of delays in its flight tests, and thus its commercial space flights. Investors never like delays, especially when it's somewhat open-ended what the timeline is going to be in the future.To its credit, in the recent first-quarter conference call Virgin Galactic's management went into extraordinary detail to highlight what it is fixing on the Unity spacecraft and how the fixes are going.When a December flight showed that a rocket booster didn't reach space as planned, it caught investors off guard. Delays were announced, and in February it was revealed that electromagnetic interference, or EMI, was the cause of the rocket booster not igniting. EMI is something that aerospace engineers have to worry about regularly, and in this case a new computer on Unity caused more EMI than expected, resulting in the rocket motor computer losing connection.As with any problem on a new aircraft, once the issue was diagnosed, engineers and technicians went about fixing the issue and testing the results. Some hardware and shielding changes resulted in a big improvement, as Mike Moses, president of space missions and safety, said on the conference call:As of today, the final installation of the flight hardware is complete, and an end to end checkouts, we were able to compare the current EMI to previous levels, and we can see that we've significantly reduced the EMI on the order of 10 to 20 decibels.He went on to say that EMI intensity was reduced by over 90%, so this mission was accomplished as planned.The more surprising announcement during the conference call was that the Eve aircraft, which is the aircraft Unity is attached to and brings to altitude before detaching, saw a \"potential wear and tear issue.\" As with any aircraft, there are inspections before and after flight, as well as regularly scheduled maintenance. In this instance, some regular maintenance may need to be moved up, with Moses saying:Following this last inspection, we identified an item on our maintenance calendar that needs further study to determine whether we need to take action now instead of the fall as planned. Because this issue just emerged at the end of last week, we are still determining what steps may be necessary to address it. While this may impact our flight test schedule, I want to emphasize that this is the nature of a test flight program. And we're going to take the time we need before moving forward.There are a few takeaways I have from this delay. One is that the rocket failure in December didn't result in any casualties because safety features allowed the aircraft to glide back to earth. This shows safety designed into the system. A second is that Virgin Galactic is taking its time completing fixes and running tests before further flights. For long-term investors, this is a good thing. The absolute worst thing that could happen to Virgin Galactic is a spacecraft failure during flight, which could cost lives and literally sink the company. Safety should be first,whether that means weeks or months of delays or not. Third, and maybe most important, this is what happens in cutting-edge aviation. Running into problems, making fixes, and overcoming challenges are par for the course. It's just not normal that these challenges happen as openly and publicly as they are at Virgin Galactic.There may have been a lot of engineering detail in the first-quarter conference call. But as an engineer, I heard that there were problems the company found during a flight, as we should expect, and they're being fixed. I also heard that safety systems worked as planned and will continue to be a priority, even as the stock falls. As a shareholder, I think these are the right priorities, and we should expect Virgin Galactic to have delays from time to time as it learns more about flying to space.My biggest worryDelays don't worry me if they improve the safety and performance of Virgin Galactic's spacecraft long-term.What does worry me is Virgin Galactic founder Sir Richard Branson and Chairman of the Board of Directors Chamath Palihapitiya selling stock over the last few months. Palihapitiya sold about $213 million of Virgin Galactic shares in March, and has sold about10 million shares he controls since December 2020. Branson could sell 25 million shares, or 22% of his stake in the company, as a result of a filing in May, which follows $150 million in sales in April.As insiders and board members, Palihapitiya and Branson are privy to more information about what's going on internally at Virgin Galactic than we are as public investors. And if they're selling it's a red flag for me, even if they give compelling reasons to do so publicly.The bottom lineGiven everything we know about Virgin Galactic today, I see little reason to change the long-term outlook for this potentially disruptive stock. Here are a few things to keep in mind:Safety should be the #1 priority, even if that means delays.A delay on the order of a few weeks or months doesn't affect Virgin Galactic's potential market long-term.Problems, fixes, delays, and learning are all par for the course in a new industry like space travel, and should be seen as opportunities for improvement.There is no indication that reservation holders are jumping ship.If you thought Virgin Galactic was a great stock with enormous potential to disrupt how we think about travel at $50 per share, then you should love it at $17 per share. I don't see anything that's changed about the company's long-term outlook in the last few months except that fear of the unknown has taken over the market. But the unknown is exactly what investors signed up for in this completely uncharted space tourism business.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130748188,"gmtCreate":1621569477844,"gmtModify":1621572643783,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130748188","repostId":"2136115927","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108219248,"gmtCreate":1620029509784,"gmtModify":1620034697351,"author":{"id":"3578868906408022","authorId":"3578868906408022","name":"DylanKua","avatar":"https://static.tigerbbs.com/7a402f78c548fdf2746409dc81488d8c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578868906408022","authorIdStr":"3578868906408022"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108219248","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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":{"UBER":"优步",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","PFE":"辉瑞","TMUS":"T-Mobile US Inc",".SPX":"S&P 500 Index","PYPL":"PayPal","GM":"通用汽车"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"PFE":0.9,"GM":0.9,"PYPL":0.9,"VIACP":0.9,"TMUS":0.9,".IXIC":0.9,"UBER":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}