Ylychg personal page - To The Moon

Ylychg

Ylychg

No personal profile

9Follow

4Followers

0Topic

0Badge

2021-06-17

?

Some WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%

2021-06-15

?

How did Jobs interview me?

2021-05-31

?

Gambling on Bitcoin, Tesla's second-quarter profit will be hit hard?

2021-05-30

?

Behind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored

2021-05-27

OK

Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day

2021-05-14

?

Sorry, the original content has been removed

2021-05-09

?

Why is Buffett, the "stock god", questioned by shareholders?

2021-05-08

?

Millet is living like Gree

2021-05-03

OK

Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual

2021-04-29

?

Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual

2021-04-28

?

Shopify: Q1 Revenue of $989 Million Beats Market Estimates

2021-04-20

?

Bitcoin fell below $53,500/piece, falling more than 4% in the day

2021-04-11

Sea!

Among the three favorite stocks of "Sister Wood", who is most worthy of investors to "Call"?

2021-04-01

Ok

Sorry, the original content has been removed

2021-03-25

Ok

Yellen open to U.S. banks paying dividends, repurchasing stock

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3579527905061704","uuid":"3579527905061704","gmtCreate":1616604344951,"gmtModify":1617243335432,"name":"Ylychg","pinyin":"ylychg","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":4,"headSize":9,"tweetSize":83,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.04","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":163671895,"gmtCreate":1623884900117,"gmtModify":1703822264980,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/163671895","repostId":"1146756294","repostType":4,"repost":{"id":"1146756294","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623856744,"share":"https://ttm.financial/m/news/1146756294?lang=en_US&edition=fundamental","pubTime":"2021-06-16 23:19","market":"us","language":"zh","title":"Some WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1146756294","media":"老虎资讯综合","summary":"6月16日，部分WSB概念股下行，AMC院线跌超10%，黑莓跌超8%，游戏驿站、ContextLogic跌超4%。","content":"<p>On June 16th, some WSB concept stocks went down,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>dropped by more than 10%,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>fell by more than 8%,<a href=\"https://laohu8.com/S/GME\">Game Station</a>、<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>It fell by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/dbeb078de2de6d1611ad66c88cca74b4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Some WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%</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\">\nSome WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 23:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 16th, some WSB concept stocks went down,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>dropped by more than 10%,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>fell by more than 8%,<a href=\"https://laohu8.com/S/GME\">Game Station</a>、<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>It fell by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/dbeb078de2de6d1611ad66c88cca74b4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","BB":"黑莓"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146756294","content_text":"6月16日，部分WSB概念股下行，AMC院线跌超10%，黑莓跌超8%，游戏驿站、ContextLogic跌超4%。","news_type":1,"symbols_score_info":{"GME":0.9,"BB":0.9,"AMC":0.9,"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":4972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184838054,"gmtCreate":1623701330278,"gmtModify":1704208955943,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/184838054","repostId":"1103587070","repostType":4,"repost":{"id":"1103587070","kind":"news","pubTimestamp":1623681530,"share":"https://ttm.financial/m/news/1103587070?lang=en_US&edition=fundamental","pubTime":"2021-06-14 22:38","market":"us","language":"zh","title":"How did Jobs interview me?","url":"https://stock-news.laohu8.com/highlight/detail?id=1103587070","media":"周喆吾","summary":"译者按：本文是Quora上关于“How hard did Steve Jobs work?”问题的回答。文章作者非常激动到手抖，打字有大量的情绪化错别字，有时有点语无伦次，译者尽可能还原这个故事和作者","content":"<p><b>Translator's Note:</b>This article is an answer to the question \"How hard did Steve Jobs work?\" on Quora. The author of the article is so excited that his hands tremble, and there are a lot of emotional typos in his typing, sometimes a little incoherent. The translator tries to restore the original taste of this story and the author as much as possible, and the readers hope to forgive what is not smooth. I've been happy to work for Apple since 2003 and have been very happy to work at Apple during that very special time, specifically working with Steve on all sorts of things.</p><p>And, I'm fairly confident that Steve sees me as a friend, not just a colleague he works with.</p><p>Looking back, I was lucky to be particularly pushed in and then recruited by Apple.</p><p>I flew to Cupertino (where Apple is headquartered in California) for an interview, just after completing my PhD at the Massachusetts Institute of Technology (MIT); I was very maverick at the time (unlikable kind). I went to the interview because people around me told me I must be crazy if I don't even go to the interview. I made up my mind to go and talk, and then reject any Offer from Apple.</p><p>After visiting the beautiful buildings, this further assured me that I would refuse<b>Any Offer</b>Because it seems so to me<b>Corporatization</b>And somehow feels very<b>hypocrisy</b>。 I was brought into an interview with a VP who asked me some very usual interview questions, and then in the middle of answering the questions I heard a door open and close, and then a voice sounded behind me saying:</p><p>\"We really still ask this stupid\" damn question…what possible answer does a candidate have that allows us to distinguish whether they're completely stupid or completely smart? \"</p><p>I don't have to turn around.<b>I know it's Steve.</b></p><p>He continued to walk around his desk and waved his hand to chase the senior vice president who was interviewing me from his office. Then he sat down and read a piece of paper in his hand (I guess it was the interview question sheet that the VP was just about to ask me). He never looks at me or talks to me.</p><p>He kept reading, occasionally laughing at what he read, shaking his head or calling anything he read useless.</p><p>After what seemed like that long forever, he threw the question sheet across the room, and it actually hit a framed piece of art that dropped loudly to the floor — Steve never bothered to look at the piece of art that we might have badly damaged. He just stared at me, like<b>forever</b>Just as long. (Definitely a very awkward minute, which actually really feels like an eternity in this case.)</p><p>Then he asked:<b>\"Who are you?”</b>I told him my resume was on the desk — and he said \"I didn't ask you about that.\" (Meanwhile, note that his eyes never took off from his harsh, searing stare.)</p><p>I told him my name; Then he quickly replied, \"If I wanted to know your name, I'd ask what your name is…I'm asking who you are\"…\"You're not very good at interviewing, are you?\"</p><p>I said I was someone who came all the way for an interview for a job I most likely wouldn't take – but it was a pain to be asked over and over why I wasn't interviewing, so I thought I'd go for an interview, turn the Offer down, and go home and move on to other things. Problem solved. Then I told Jobs that my only concern before coming was that it might be embarrassing to turn down a job if they offered me one. Then I thanked him for what he had just done to make it easy for me to say no, because he was such a<b>Arrogant bastard</b>。</p><p>He looked at me puzzled for a few seconds, then asked doubtfully, \"You know<b>Who am I</b>\"Well, right?\" I said yes. He said:<b>\"You know I am</b><b><i>Steve, Steve Jobs</i></b><b>”</b>I nod – he sits back in his chair (still confused) and then he smiles and tells me, \"This office sucks, this VP has no taste.\"</p><p>I actually agree that this guy has really bad taste.</p><p>He said: \"Well, I go for a walk every day now, and you seem smart enough not to wait through this interview for a job you don't intend to take. And, today is really a really great day\" (yes, he really used his old mantra, lol) \"join me on the walk\". I was a little dizzy: the Jobs in front of me was literally the embodiment of all the mean comments I had heard about him before I came. What a total asshole. But I do want to go for a walk with him; I really don't understand why. But I kept up with him anyway.</p><p>We were walking, and it was funny to me that the people who worked there had absolutely no one to greet him or nod to him-to be honest, most people seemed to take awkward turns, as if they all wanted to avoid him.</p><p>Somehow, though he'll probably never notice, because even in our small talk, he's one of those people that even in a crowded hallway, somehow, being a big man, makes you feel like the only thing he cares about in the world is you; He gives you his absolute<b>Full concentration</b>。</p><p>It is very unique and he can often easily make you look as if you are not even in the physical space. And this unique feeling of invading your existence, from a certain point of view, is utterly rude.</p><p>Once we were outside in the open space, Steve mutated-he was basically confused and asked why I didn't want to come to work with him? He started counting almost childlike logic – he asked me \"Assuming I wasn't rude and totally ruined your interview, would you still say no?<i>I'm a very annoying person</i>The fact that you have nothing to do with your choice? \"Are you?\"</p><p>I said, \"Do you really know you are so rude?\" He said, \"Yes, I<b>Of course I do</b>I was rude \"-\"<b>I'm Steve and I'm usually rude</b>\"(Like I asked a weird question)</p><p>Then he started selling me Apple-he told me all the things they did, but I couldn't have guessed there were other \"great things\" (yes, he used that mantra too) and he told me all of these things, crazy stuff. (BTW, he hasn't actually asked my name yet)</p><p>But, like the most excited kid in the world, he talks about Apple and their \"cool stuff,\"<b>It's all so sincere</b>(At the same time he says I'm just a kid, I haven't even worked before, and if I don't work at Apple then I'm a complete idiot.) The whole plot is crazy.</p><p>I've been wondering if this guy is missing some meeting after being with me for so long, or surely he has to take care of things somewhere. Then he said he wanted to show me \"something\" and meet Johnny.</p><p>We walked into Jonny's little world, and he was very polite to me, and then gave me a clear look<b>Steve in a super-excited state</b>Jonny whispered that he really liked you-I whispered that he didn't even know my name, seriously, Jonny said that then he really liked it<b>You</b>), and then he went back to work.</p><p>When Steve was finally approached and said he had a super important guest waiting for him in his office for 90 minutes, his face changed again and he said, \"I<b>Really</b>Gotta go \"and then tell the person who found him to\" let him wait \".</p><p>Then he told me: \"Look, I promise it will be awesome…I can show you all this but you can't digest it for a while…He said\" Give me a month at Apple and just leave if I'm wrong…I'll pay you 3 times your normal monthly salary, the company is here to provide you with an apartment and a car, and if I'm wrong I'll pay for everything you want or anything to move things back and forth \".</p><p>I said, \"You don't even know my name, Steve\"-<b>Then he said my full name</b>He knew all sorts of things about me, where and when I went to what school, my birthday — where I grew up.</p><p>Now I'm confused. extremely.</p><p>I asked him why he made everything so awkward at the time, or didn't tell me anything before.</p><p>He said, \"<b>Isn't that more interesting?</b>”</p><p>I have to agree.<b>Is more interesting</b>。</p><p>Steve then said \"You're funny\" I asked him why and he told me \"You just have to be a funny guy... Things... People are mediocre\" and \"You're funny\".</p><p>Then he said, answer me, \"<b>Come or not</b>”。</p><p>I was completely confused haha and I said: \"well, a month is a month\".</p><p>He said \"I'll see you tomorrow\" as he strode away, and I reminded him: \"It's Friday\" and he said \"I know!\"</p><p>The door closed and Steve was gone.</p><p>I don't know what to do because to be honest, I don't even know where I am in the building-I guess Steve hired me, but where did I go-who did I talk to? How do I explain the outrageous Offer he gave me?</p><p>I went back to the office where the interview began to find the VP who had been kicked out. Keep trying to figure out what I have to say, then I realize I don't even know what post he wants me to do.</p><p>It probably took me 10 minutes to get to the VP's office (I knew Steve was in what must be a serious meeting, so I couldn't ask him).</p><p>But when I got to that office – it was probably only 7-9 minutes. Somehow, every crazy part of the Offer Steve gave me, specific to the tiniest detail, was somehow conveyed by magic to that VP completely.</p><p>There were about 3 people in that office making everything he promised me happen-someone called to say my driver's license had been photocopied and I heard someone on the phone talking about getting the apartment ready for me-they asked if I could arrange for someone to open my apartment so that the movers could enter (I told them I didn't need so much... The girl looked at me and said, \"Look, Steve said what he wanted was for you to stay here and all your stuff to be moved in the meantime... If what he wanted wasn't completed verbatim, I was in trouble\" (she was almost both explaining Steve in a weird way and worried that she would get into trouble for not getting the task done)</p><p>I sat down to fill out the non-disclosure agreement — and other paperwork — and I finally asked what exactly was my job or title? I've been told that my position is \"Steve hire\" (basically saying that they will make another title for me when I find the right position).</p><p>Everything promised was delivered immediately – apartment, car, etc in 30 minutes, I got my keys – I received a map of the apartment and a map back to return to Apple HQ (Infinite Loop Road 1 Infinite Loop). I was told not to be late – Steve hated being late.</p><p>I never returned to my apartment at MIT.</p><p>2 years passed, probably closer to 3 years, before I returned to the East Coast.</p><p>Steve \"caught me\".</p><p>Sorry this is too long-doesn't really answer your question. But okay, I'm probably the only one who remembers it now that he's gone.</p><p>My obvious bias aside; What a great story.</p><p>When I first wrote this, I was laughing so hard that tears were running down my cheeks.</p><p>I am still at Apple-I now hold a senior role. It's really the only company I've been with. I enjoyed it very much.</p><p>I've only occasionally reviewed Apple's and Steve's experiences, and to some extent reviewed things I've been involved in. It was so wild.</p><p>One of the things Steve put in my hands back then was an iPad that had been co-debugged, all those years ago. Imagine how I feel now, seeing them everyday, wherever I go, and knowing that I play a part in it.</p><p>Does Steve try hard? Work harder than anyone else. Does Steve always put everything, every risk, and every potential failure on himself?<b>Yes.</b></p><p>Did he somehow build a device like the iPad – no one even knew that this thing should be saved and turned it into something everyone had to have?<b>Yes.</b></p><p>Did his vision of the operating system lay most of the core of OS X all those years ago? Yes.</p><p>Are there thousands of people who helped Steve create this vision and make it productive? Yes.</p><p>Did Steve change the world? Yes.</p><p>Did Steve deliver on everything he said on the strange day he hired me,<i>Each</i>Commitment? Absolutely.</p><p>Is he often so incredibly harsh, mean, harsh, rough, difficult, extreme, and sometimes cruel? Yes.</p><p>Did he push everyone at Apple to be better, smarter, and work to almost impossible standards to meet deadlines and innovate beyond our wildest imaginations? Yes.</p><p>Did he somehow know that while he was going through all of the above, he stopped everything he was doing and asked me to go for a walk, making me feel like nothing else in the world was more important than me and my problems in that moment-and that he did everything he could to make things better, and almost always? Yes.</p><p>Did he stop trying when he couldn't find a solution or help immediately? Never.</p><p>Did he ask for more than he gave? Never.</p><p>Is he trying harder and having to lose more? Always.</p><p>Did he enter Apple because of cancer so weak and emaciated that he could barely walk, yet work his ass off like every one of our employees? Yes.</p><p>Has he ever struggled with this — has he ever failed to notice the problems and concerns of each of us, even though his questions and concerns are more pressing? No.</p><p>Do I really know or come close to knowing Steve? It's impossible.</p><p>Does anyone understand? No one. (Maybe Lauren knows a little about his beautiful children.)</p><p>Did I miss him very, very, very much? You have no idea.</p><p>Will there be someone to replace him, or will there be anyone close to his height? Absolutely impossible.</p><p>I hope the few readers here can take away at least one truly \"interesting\" Steve story. Maybe they'll catch another glimpse of what he looks like through my experiences with him. I hope so.</p><p>He changed a lot of things. But most importantly, he changed me. I became a better person because I knew him. He gave me such a wonderful life.</p><p>Thanks Steve-I love you and still miss you.</p><p>Your friend, forever</p><p><img src=\"https://static.tigerbbs.com/365da2e4bdaa071a5fe2210c8b7a8fb3\" tg-width=\"474\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1623681541174","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How did Jobs interview me?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow did Jobs interview me?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">周喆吾</strong><span class=\"h-time small\">2021-06-14 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Translator's Note:</b>This article is an answer to the question \"How hard did Steve Jobs work?\" on Quora. The author of the article is so excited that his hands tremble, and there are a lot of emotional typos in his typing, sometimes a little incoherent. The translator tries to restore the original taste of this story and the author as much as possible, and the readers hope to forgive what is not smooth. I've been happy to work for Apple since 2003 and have been very happy to work at Apple during that very special time, specifically working with Steve on all sorts of things.</p><p>And, I'm fairly confident that Steve sees me as a friend, not just a colleague he works with.</p><p>Looking back, I was lucky to be particularly pushed in and then recruited by Apple.</p><p>I flew to Cupertino (where Apple is headquartered in California) for an interview, just after completing my PhD at the Massachusetts Institute of Technology (MIT); I was very maverick at the time (unlikable kind). I went to the interview because people around me told me I must be crazy if I don't even go to the interview. I made up my mind to go and talk, and then reject any Offer from Apple.</p><p>After visiting the beautiful buildings, this further assured me that I would refuse<b>Any Offer</b>Because it seems so to me<b>Corporatization</b>And somehow feels very<b>hypocrisy</b>。 I was brought into an interview with a VP who asked me some very usual interview questions, and then in the middle of answering the questions I heard a door open and close, and then a voice sounded behind me saying:</p><p>\"We really still ask this stupid\" damn question…what possible answer does a candidate have that allows us to distinguish whether they're completely stupid or completely smart? \"</p><p>I don't have to turn around.<b>I know it's Steve.</b></p><p>He continued to walk around his desk and waved his hand to chase the senior vice president who was interviewing me from his office. Then he sat down and read a piece of paper in his hand (I guess it was the interview question sheet that the VP was just about to ask me). He never looks at me or talks to me.</p><p>He kept reading, occasionally laughing at what he read, shaking his head or calling anything he read useless.</p><p>After what seemed like that long forever, he threw the question sheet across the room, and it actually hit a framed piece of art that dropped loudly to the floor — Steve never bothered to look at the piece of art that we might have badly damaged. He just stared at me, like<b>forever</b>Just as long. (Definitely a very awkward minute, which actually really feels like an eternity in this case.)</p><p>Then he asked:<b>\"Who are you?”</b>I told him my resume was on the desk — and he said \"I didn't ask you about that.\" (Meanwhile, note that his eyes never took off from his harsh, searing stare.)</p><p>I told him my name; Then he quickly replied, \"If I wanted to know your name, I'd ask what your name is…I'm asking who you are\"…\"You're not very good at interviewing, are you?\"</p><p>I said I was someone who came all the way for an interview for a job I most likely wouldn't take – but it was a pain to be asked over and over why I wasn't interviewing, so I thought I'd go for an interview, turn the Offer down, and go home and move on to other things. Problem solved. Then I told Jobs that my only concern before coming was that it might be embarrassing to turn down a job if they offered me one. Then I thanked him for what he had just done to make it easy for me to say no, because he was such a<b>Arrogant bastard</b>。</p><p>He looked at me puzzled for a few seconds, then asked doubtfully, \"You know<b>Who am I</b>\"Well, right?\" I said yes. He said:<b>\"You know I am</b><b><i>Steve, Steve Jobs</i></b><b>”</b>I nod – he sits back in his chair (still confused) and then he smiles and tells me, \"This office sucks, this VP has no taste.\"</p><p>I actually agree that this guy has really bad taste.</p><p>He said: \"Well, I go for a walk every day now, and you seem smart enough not to wait through this interview for a job you don't intend to take. And, today is really a really great day\" (yes, he really used his old mantra, lol) \"join me on the walk\". I was a little dizzy: the Jobs in front of me was literally the embodiment of all the mean comments I had heard about him before I came. What a total asshole. But I do want to go for a walk with him; I really don't understand why. But I kept up with him anyway.</p><p>We were walking, and it was funny to me that the people who worked there had absolutely no one to greet him or nod to him-to be honest, most people seemed to take awkward turns, as if they all wanted to avoid him.</p><p>Somehow, though he'll probably never notice, because even in our small talk, he's one of those people that even in a crowded hallway, somehow, being a big man, makes you feel like the only thing he cares about in the world is you; He gives you his absolute<b>Full concentration</b>。</p><p>It is very unique and he can often easily make you look as if you are not even in the physical space. And this unique feeling of invading your existence, from a certain point of view, is utterly rude.</p><p>Once we were outside in the open space, Steve mutated-he was basically confused and asked why I didn't want to come to work with him? He started counting almost childlike logic – he asked me \"Assuming I wasn't rude and totally ruined your interview, would you still say no?<i>I'm a very annoying person</i>The fact that you have nothing to do with your choice? \"Are you?\"</p><p>I said, \"Do you really know you are so rude?\" He said, \"Yes, I<b>Of course I do</b>I was rude \"-\"<b>I'm Steve and I'm usually rude</b>\"(Like I asked a weird question)</p><p>Then he started selling me Apple-he told me all the things they did, but I couldn't have guessed there were other \"great things\" (yes, he used that mantra too) and he told me all of these things, crazy stuff. (BTW, he hasn't actually asked my name yet)</p><p>But, like the most excited kid in the world, he talks about Apple and their \"cool stuff,\"<b>It's all so sincere</b>(At the same time he says I'm just a kid, I haven't even worked before, and if I don't work at Apple then I'm a complete idiot.) The whole plot is crazy.</p><p>I've been wondering if this guy is missing some meeting after being with me for so long, or surely he has to take care of things somewhere. Then he said he wanted to show me \"something\" and meet Johnny.</p><p>We walked into Jonny's little world, and he was very polite to me, and then gave me a clear look<b>Steve in a super-excited state</b>Jonny whispered that he really liked you-I whispered that he didn't even know my name, seriously, Jonny said that then he really liked it<b>You</b>), and then he went back to work.</p><p>When Steve was finally approached and said he had a super important guest waiting for him in his office for 90 minutes, his face changed again and he said, \"I<b>Really</b>Gotta go \"and then tell the person who found him to\" let him wait \".</p><p>Then he told me: \"Look, I promise it will be awesome…I can show you all this but you can't digest it for a while…He said\" Give me a month at Apple and just leave if I'm wrong…I'll pay you 3 times your normal monthly salary, the company is here to provide you with an apartment and a car, and if I'm wrong I'll pay for everything you want or anything to move things back and forth \".</p><p>I said, \"You don't even know my name, Steve\"-<b>Then he said my full name</b>He knew all sorts of things about me, where and when I went to what school, my birthday — where I grew up.</p><p>Now I'm confused. extremely.</p><p>I asked him why he made everything so awkward at the time, or didn't tell me anything before.</p><p>He said, \"<b>Isn't that more interesting?</b>”</p><p>I have to agree.<b>Is more interesting</b>。</p><p>Steve then said \"You're funny\" I asked him why and he told me \"You just have to be a funny guy... Things... People are mediocre\" and \"You're funny\".</p><p>Then he said, answer me, \"<b>Come or not</b>”。</p><p>I was completely confused haha and I said: \"well, a month is a month\".</p><p>He said \"I'll see you tomorrow\" as he strode away, and I reminded him: \"It's Friday\" and he said \"I know!\"</p><p>The door closed and Steve was gone.</p><p>I don't know what to do because to be honest, I don't even know where I am in the building-I guess Steve hired me, but where did I go-who did I talk to? How do I explain the outrageous Offer he gave me?</p><p>I went back to the office where the interview began to find the VP who had been kicked out. Keep trying to figure out what I have to say, then I realize I don't even know what post he wants me to do.</p><p>It probably took me 10 minutes to get to the VP's office (I knew Steve was in what must be a serious meeting, so I couldn't ask him).</p><p>But when I got to that office – it was probably only 7-9 minutes. Somehow, every crazy part of the Offer Steve gave me, specific to the tiniest detail, was somehow conveyed by magic to that VP completely.</p><p>There were about 3 people in that office making everything he promised me happen-someone called to say my driver's license had been photocopied and I heard someone on the phone talking about getting the apartment ready for me-they asked if I could arrange for someone to open my apartment so that the movers could enter (I told them I didn't need so much... The girl looked at me and said, \"Look, Steve said what he wanted was for you to stay here and all your stuff to be moved in the meantime... If what he wanted wasn't completed verbatim, I was in trouble\" (she was almost both explaining Steve in a weird way and worried that she would get into trouble for not getting the task done)</p><p>I sat down to fill out the non-disclosure agreement — and other paperwork — and I finally asked what exactly was my job or title? I've been told that my position is \"Steve hire\" (basically saying that they will make another title for me when I find the right position).</p><p>Everything promised was delivered immediately – apartment, car, etc in 30 minutes, I got my keys – I received a map of the apartment and a map back to return to Apple HQ (Infinite Loop Road 1 Infinite Loop). I was told not to be late – Steve hated being late.</p><p>I never returned to my apartment at MIT.</p><p>2 years passed, probably closer to 3 years, before I returned to the East Coast.</p><p>Steve \"caught me\".</p><p>Sorry this is too long-doesn't really answer your question. But okay, I'm probably the only one who remembers it now that he's gone.</p><p>My obvious bias aside; What a great story.</p><p>When I first wrote this, I was laughing so hard that tears were running down my cheeks.</p><p>I am still at Apple-I now hold a senior role. It's really the only company I've been with. I enjoyed it very much.</p><p>I've only occasionally reviewed Apple's and Steve's experiences, and to some extent reviewed things I've been involved in. It was so wild.</p><p>One of the things Steve put in my hands back then was an iPad that had been co-debugged, all those years ago. Imagine how I feel now, seeing them everyday, wherever I go, and knowing that I play a part in it.</p><p>Does Steve try hard? Work harder than anyone else. Does Steve always put everything, every risk, and every potential failure on himself?<b>Yes.</b></p><p>Did he somehow build a device like the iPad – no one even knew that this thing should be saved and turned it into something everyone had to have?<b>Yes.</b></p><p>Did his vision of the operating system lay most of the core of OS X all those years ago? Yes.</p><p>Are there thousands of people who helped Steve create this vision and make it productive? Yes.</p><p>Did Steve change the world? Yes.</p><p>Did Steve deliver on everything he said on the strange day he hired me,<i>Each</i>Commitment? Absolutely.</p><p>Is he often so incredibly harsh, mean, harsh, rough, difficult, extreme, and sometimes cruel? Yes.</p><p>Did he push everyone at Apple to be better, smarter, and work to almost impossible standards to meet deadlines and innovate beyond our wildest imaginations? Yes.</p><p>Did he somehow know that while he was going through all of the above, he stopped everything he was doing and asked me to go for a walk, making me feel like nothing else in the world was more important than me and my problems in that moment-and that he did everything he could to make things better, and almost always? Yes.</p><p>Did he stop trying when he couldn't find a solution or help immediately? Never.</p><p>Did he ask for more than he gave? Never.</p><p>Is he trying harder and having to lose more? Always.</p><p>Did he enter Apple because of cancer so weak and emaciated that he could barely walk, yet work his ass off like every one of our employees? Yes.</p><p>Has he ever struggled with this — has he ever failed to notice the problems and concerns of each of us, even though his questions and concerns are more pressing? No.</p><p>Do I really know or come close to knowing Steve? It's impossible.</p><p>Does anyone understand? No one. (Maybe Lauren knows a little about his beautiful children.)</p><p>Did I miss him very, very, very much? You have no idea.</p><p>Will there be someone to replace him, or will there be anyone close to his height? Absolutely impossible.</p><p>I hope the few readers here can take away at least one truly \"interesting\" Steve story. Maybe they'll catch another glimpse of what he looks like through my experiences with him. I hope so.</p><p>He changed a lot of things. But most importantly, he changed me. I became a better person because I knew him. He gave me such a wonderful life.</p><p>Thanks Steve-I love you and still miss you.</p><p>Your friend, forever</p><p><img src=\"https://static.tigerbbs.com/365da2e4bdaa071a5fe2210c8b7a8fb3\" tg-width=\"474\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/p_XATpLaxwUhQ3wQIoWc6Q\">周喆吾</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a17a5802de46cd38969328d45ff741ec","relate_stocks":{"AAPL":"苹果"},"source_url":"https://mp.weixin.qq.com/s/p_XATpLaxwUhQ3wQIoWc6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103587070","content_text":"译者按：本文是Quora上关于“How hard did Steve Jobs work?”问题的回答。文章作者非常激动到手抖，打字有大量的情绪化错别字，有时有点语无伦次，译者尽可能还原这个故事和作者的原汁原味，其中不通顺的地方望读者海涵。\n\n自 2003 年以来，我一直很高兴为 Apple 工作，并且在那个非常特殊的时期在 Apple 工作，特别是与史蒂夫一起处理各种事情，我感到非常高兴。\n而且，我相当有信心史蒂夫将我视为朋友，而不仅仅是与他一起工作的同事。\n回头看，我很幸运被特别内推，然后被 Apple 招募。\n我飞到库比蒂诺（加州 Apple 总部所在地）面试，当时我刚刚在麻省理工学院（MIT）完成博士学位；我当时非常特立独行（不讨人喜欢那种）。我去面试是因为周围人告诉我如果我连去面试都不去，那我一定是疯了。我打定主意，去了就是聊聊，然后拒掉 Apple 公司开的任何Offer。\n在参观了美丽的建筑之后，这让我进一步确信我会拒绝任何Offer，因为它对我来说是如此的公司化并且不知何故感觉很假惺惺。我被带到了与一个副总裁的面试中，他问了我一些很平常的面试问题，然后在回答问题的中间我听到一扇门打开和关闭的声音，然后在我身后响起一个声音说：\n“我们真的还在面试时问这种愚蠢的“该死的问题……候选人有什么可能的回答可以让我们区分他们是完全愚蠢还是完全聪明？”\n我没必要转身。我知道说话的是史蒂夫。\n他继续在办公桌周围走来走去，并挥挥手把正在面试我的高级副总裁从他的办公室赶走了。然后他坐下来，默读着手里的一张纸（我猜是刚刚那个副总裁准备问我的面试问题表）。他从不看我，也不跟我说话。\n他继续读下去，偶尔会嘲笑他读到的东西，摇头或称他读到的任何东西都没用。\n在看似永远那么久的时间过后，他将问题表扔到房间的另一头，它实际上击中了一件带框的艺术品，艺术品大声掉落在地板上 —— 史蒂夫从不费心看那件我们可能已经严重损坏的艺术品。他只是盯着我看，就像永远一样久。（绝对是非常尴尬的一分钟，实际上在这种情况下真的像是永恒。）\n然后他问：“你是谁？”我告诉他我的简历在桌子上——他说“我没有问你那个。”（与此同时，请注意，他的目光从未从他刺眼的灼灼凝视中移开。）\n我告诉他我的名字；然后他很快回答道：“如果我想知道你的名字，我会问你叫什么名字……我问的是你是谁”……“你不是很擅长面试，是吧？”\n我说我是个为了一份我很可能不会接受的工作而大老远跑来面试的人 —— 但是被一遍又一遍地问为什么我不去面试是一种痛苦，所以我想我会去面一下，把Offer拒绝掉，然后回家继续做其他事情。问题搞定。然后我告诉乔布斯，我来之前唯一担心的是，如果他们给我一份工作，拒绝工作可能会很尴尬。然后我感谢他刚才的所作所为让说出拒绝对我来说变的很容易，因为他真是一个傲慢的混蛋。\n他很不解地看了我几秒钟，然后疑惑地问：“你知道我是谁，对吧？”我说是的。他说：“你知道我是史蒂夫，史蒂夫·乔布斯”我点点头——他坐回椅子上（仍然很困惑）然后他微笑着告诉我：“这个办公室糟透了，这个副总裁没有一点品味。”\n我实际上同意这哥们品味确实不咋地。\n他说：“好吧，我现在每天都去散步，你看起来足够聪明，不会为了一份你不打算接受的工作而熬着完成这次面试。并且，今天真的是非常棒的一天”（是的，他真的用了他那句老套的口头禅，哈哈）“加入我一起走吧”。我有点晕头转向：眼前的乔布斯简直是来之前听到的关于他的所有刻薄评论的化身。真是个彻头彻尾的混蛋。但我确实想去跟他散步；我真的不明白为什么。但我还是跟上了他的脚步。\n我们正在走路，对我来说很有趣的是，在那里工作的人完全没有人跟他打招呼或向他点头 - 老实说，大多数人似乎采取尴尬的转弯，好像都想避开他。\n不知何故，尽管他可能永远不会注意到，因为即使在我们闲聊时，他也是那种即使在拥挤的走廊里，不知为何，作为个大人物的他，会让你觉得他在世界上唯一关心的就是你；他全程给你他绝对的全神贯注。\n这是非常独特的，他经常可以很容易地让你看起来好像你甚至不在物理空间中。而这种独特的侵犯你的存在的感觉，某个角度看是种彻底的粗鲁。\n一旦我们在外面的空地上，史蒂夫话锋突变 - 他基本上很困惑的问我为什么不想来他那里工作？他开始历数几乎像孩子一样的逻辑——他问我“假设我没有粗鲁并且完全破坏了你的面试，你仍然会拒绝吗？我这个人很惹人讨厌的事实与你的选择无关？是不是？”\n我说：“你真的知道你这么粗鲁吗？”他说“是的，我当然知道我很粗鲁”-“我是史蒂夫，我通常很粗鲁”（就像我问了一个奇怪的问题）\n然后他开始向我推销 Apple - 他告诉我他们所做的所有事情，但我不可能猜到还有其他“伟大的东西”（是的，他也用了这句口头禅）他告诉我所有这些东西，疯狂的东西。（顺便说一句，他实际上还没有问过我的名字）\n但是，他就像世界上最兴奋的孩子一样滔滔不绝的讲起 Apple 和他们的“酷东西”，这一切都是那么真诚（同时他说我就是个孩子，我以前甚至没有上过班，如果我不去 Apple 工作那么我是一个彻头彻尾的白痴。）整个桥段太疯狂了。\n我一直在想，这家伙陪我这么久，是不是缺席了某个会议，或者肯定他必须在某个地方处理事情。然后他说他想给我“看个东西”，并见见 Johnny。\n我们走进了 Jonny 的小世界，他对我非常有礼貌，然后用了然的眼光瞅了一眼超级兴奋状态的史蒂夫（Jonny 小声说他真的很喜欢你 - 我小声说他甚至不知道我的名字，认真的， Jonny 说那么他真的很喜欢你），然后他回去工作了。\n终于有人找到史蒂夫说有一个超级重要的客人在他的办公室里已经等了他整整 90 分钟，他的脸色又变了，他说“我真的必须走了”，然后告诉找到他的人“让他等一下”。\n然后他告诉我：“听着，我保证这会很棒……我可以向你展示这一切，但你一时半会儿消化不了……他说“给我在 Apple 呆一个月，如果我错了就直接离开……我会付钱给你正常月薪的 3 倍，公司在这里为你提供公寓和汽车，如果我错了，我会支付你想要的一切或任何搬东西来回的费用”。\n我说“你甚至不知道我的名字啊史蒂夫” -然后他说了我的全名，他知道关于我的各种事情，我在哪里、什么时候上的什么学校，我的生日——我长大的地方。\n现在我很困惑。非常。\n我问他为什么当时他把一切都弄得这么尴尬，或者之前什么都没告诉我。\n他说：“这不是更有趣吗？”\n我不得不同意。是更有趣。\n史蒂夫然后说“你很有趣”我问他为什么，他告诉我“你只需要做个有趣的人...事情...人们都很平庸”和“你很有趣”。\n然后他说，回答我，“来不来”。\n我完全糊涂了哈哈，我说：“好吧，一个月就一个月”。\n他边大步流星走开边说“我们明天见”，我提醒他：“今天是星期五”，他说“我知道！”\n门关上了，史蒂夫走了。\n我不知道该怎么办，因为老实说，我甚至不知道我在大楼的什么地方——我猜是史蒂夫雇了我，但我去了哪里——我和谁说话了？我如何解释他给我的离谱的 Offer？\n我回到面试开始的办公室去找那个被赶出去的副总裁。一直试图弄清楚我要说什么，然后我意识到我甚至不知道他想让我做什么岗位。\n我可能花了 10 分钟才到达那个副总裁的办公室（我知道史蒂夫在一场肯定是很严肃的会议中所以没法去问他）。\n但是当我到达那个办公室时——可能只有 7-9 分钟。不知何故，史蒂夫给我的 Offer的每一个疯狂的部分，具体到最微小的每一个细节，都以某种方式被魔法完全传达给了那个副总裁。\n那个办公室里大约有 3 个人正在让他向我保证的一切都发生——有人打电话说我的驾照已经复印好了，我在电话里听到有个人说要为我准备好公寓——他们问我是否可以安排某人打开我的公寓好让搬家工人入场（我告诉他们我用不着这么多……那个女孩看着我说：“你瞧，史蒂夫说他想要的是你就留在这里，同时你的所有东西都搬好……如果他想要的事情没有完完整整一字不差的完成，我就惹麻烦了”（她几乎既用一种奇怪的方式解释着史蒂夫，又担心她会因为没有完成任务而遇到麻烦）\n我坐下来填写保密协议——以及其他文书工作——我终于问我的工作或头衔到底是什么？有人告诉我，我的职位是“史蒂夫雇来的”（“Steve hire”）（基本上是说，等我找到合适的职位，他们再为我制作一个头衔）。\n一切承诺都立即得到了兑现——公寓、汽车等在 30 分钟内完成，我拿到了钥匙——我收到了一张公寓的地图和一张回来的地图，以便返回 Apple总部（无限循环路 1 Infinite Loop）。我被告知不要迟到 —— 史蒂夫痛恨迟到。\n我再也没有回到我在麻省理工的公寓。\n在我回到东海岸之前，2 年过去了，可能更接近 3 年。\n史蒂夫“抓住了我”。\n对不起，这太长了 - 并没有真正回答你的问题。但是好吧，我可能是现在他去世后唯一记得这件事的人。\n撇开我明显的偏见不谈；多么棒的故事啊。\n当我第一次写这篇文章时，我笑得很开心，泪水从我的脸颊上流下来。\n我还在 Apple - 我现在担任高级职务。这真的是我待过的唯一一家公司。我非常喜欢它。\n我只是偶尔回顾一下 Apple 和史蒂夫的经历，并在某种程度上回顾了我曾经参与过的事情。它是如此狂野。\n史蒂夫当年放在我手里的东西之一是一个已经联调启动的 iPad，那么多年之前。想象一下我现在的感觉，每天看到他们，无论我走到哪里，并且知道我在其中发挥了一定的作用。\n史蒂夫努力吗？比谁都努力。史蒂夫是不是总是把一切、每一个风险和每一个潜在的失败都放在自己身上？是的。\n他是否以某种方式制造了像 iPad 这样的设备——甚至没有人知道这东西应该存，并将其变成每个人都必须拥有的东西？是的。\n他对操作系统的愿景是不是从那么多年前就奠定了 OS X 其中大部分核心？是的。\n有成千上万的人帮助史蒂夫创造了这个愿景并使其成为生产力吗？是的。\n史蒂夫改变了世界吗？是的。\n史蒂夫有没有兑现他雇我的那奇怪的一天他说的每一个东西，每一个承诺？绝对的。\n他是否经常如此令人难以置信地严厉、刻薄、严厉、粗暴、困难、极端，有时甚至残忍？是的。\n他是否促使 Apple 的每个人变得更好、更聪明，并以几乎不可能的标准工作，以满足最后期限并超越我们最疯狂的想象力进行创新？是的。\n他是否以某种方式知道他在经历上述一切的同时，停下他手头在做的一切并请我去散步，让我觉得那一刻世上没有任何别的比我和我的问题更重要 - 并且他尽一切努力让事情变得更好，而且几乎总是如此？是的。\n当他无法立即找到解决方案或帮助时，他是否停止过尝试？绝不。\n他有没有索取得比他给予的更多？绝不。\n他是不是更努力了，却要失去更多？总是。\n他是不是因为癌症而进入苹果公司如此虚弱和瘦弱，以至于几乎无法走路，却像我们每个员工一样拼了命的工作？是的。\n他是否曾经为此苦恼过——尽管他的问题和担忧更为紧迫，但他是否曾未能注意到我们每个人的问题和担忧？不。\n我真的了解或接近了解史蒂夫吗？不可能的。\n有人了解吗？没人。（也许劳伦和他漂亮的孩子们了解一点吧）\n我是不是非常非常非常想念他？You have no idea.\n会不会有取代他的人，或者会不会有任何接近他的高度的人？绝对不可能。\n我希望这里的少数读者至少能带走一个真正“有趣”的史蒂夫故事。也许他们会通过我和他的经历再次瞥见他的样子。希望如此。\n他改变了很多东西。但最重要的是他改变了我。因为认识他，我成了一个更好的人。他给了我如此美好的生活。\n谢谢史蒂夫 - 我爱你，仍然想念你。\n你的朋友，永远","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110837957,"gmtCreate":1622437061079,"gmtModify":1704184422517,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/110837957","repostId":"2139285436","repostType":4,"repost":{"id":"2139285436","kind":"news","pubTimestamp":1622435945,"share":"https://ttm.financial/m/news/2139285436?lang=en_US&edition=fundamental","pubTime":"2021-05-31 12:39","market":"hk","language":"zh","title":"Gambling on Bitcoin, Tesla's second-quarter profit will be hit hard?","url":"https://stock-news.laohu8.com/highlight/detail?id=2139285436","media":"金十数据","summary":"如果比特币价格跌到3万美元之下，特斯拉因此所受到的损失就已经足够将公司其他业务当季获得的利润一笔抹杀。那么，为什么比特币的会计规则会导致特斯拉第二季度遭受亏损？他们以平均3.2万美元购入的每一枚比特币，第一季度结束时价格已经接近5.9万美元。特斯拉只有最终卖出这些比特币时，才能兑现利润。只是，大多数比特币价格都是大涨的，特斯拉才能够卖出10%的比特币，实现了可观的利润。","content":"<p>Initially, the investment looked more like a reckless gamble, and now, with the virtual currency market utterly insane, it is even more unbearable. Earlier this year, Elon Musk will<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>$1.5 billion in cash invested in Bitcoin, and the world was shocked after the news broke. With the soaring price of virtual currency, the theoretical profit of Tesla's investment once exceeded $1.3 billion. Even after the recent plunge in Bitcoin price, the direct profit is still considerable.</p><p>However, this investment also has a huge negative impact that many financial media and Wall Street analysts have not noticed. Under the special accounting rules used by Tesla for its investment in Bitcoin, the company will likely be forced to include an \"impairment\" in its second-quarter earnings report-even if the investment as a whole still appears to be profitable.</p><p>If the Bitcoin price can still maintain the current level of about $38,000, the blow is not expected to be too big, but even so, in order to offset the book loss, Tesla needs to sell a considerable part of the Bitcoin it still eats, which will naturally lead to another round of blow to the Bitcoin price. If the price of Bitcoin falls below $30,000, Tesla's losses will be enough to wipe out the profits made by the company's other businesses in the quarter.</p><p><b>More importantly, this impairment will once again remind investors that Musk actually invested a large amount of money in an asset with super volatility, making the already risky Tesla stock even more risky.</b>At first, many investors thought that Musk's investment in Bitcoin was far-sighted, but now, people can only be more and more inclined to believe that Musk did something stupid and bought back a powder keg for the company.</p><p>The threat posed by Bitcoin has already been noticed by some observers. \"Many investors actually don't want Musk to be involved in virtual currency at all.\" Daniel Ives, an analyst at Wedbush Securities, commented, \"He should focus on vehicle production and delivery, the global trend of electric vehicles, and how to deal with the chip shortage crisis. However, too much of his energy is now invested in Bitcoin.\"</p><p><b>What investors are especially intolerable is that Musk's recent words and deeds on the issue of virtual currency have directly suppressed the value of the company's Bitcoin.</b>\"It's like lighting a fire to your own house,\" he commented. \"Bitcoin has become a dark cloud over the whole Tesla story, and all the trouble is on its own.\"</p><p>So why did Bitcoin accounting rules cause Tesla's second-quarter loss? If Bitcoin prices fall badly, how big are the losses likely?</p><p><b>Once substantial paper profits</b></p><p>On February 8th, Tesla disclosed in its annual report submitted to the CSRC that Tesla invested $1.5 billion in Bitcoin. However, the real disclosure of detailed data, such as how much they bought, the average buying price, the profit, etc., is still in the first quarter financial report.</p><p>According to the report, as of March 31st, Tesla had a total of $2.48 billion worth of Bitcoin. According to the closing price of $58,919 on that day, it can be roughly calculated that the number held by Tesla is about 42,100. From early February to the end of March, Tesla sold its 10% Bitcoin holdings worth $268 million, while the purchase price was $140 million, making a profit of $128 million. This means that, at its highest, Tesla once owned about 46,800 Bitcoin.</p><p>Combining the Bitcoin on Tesla's books and sold, the total value of their original holdings was once $2.748 billion. Based on the investment of $1.5 billion, Tesla's gains that have been and have not yet been realized exceeded $1.2 billion as of March 31st, which means that in eleven weeks, it has obtained a return on investment of more than 80%. Each Bitcoin they bought for an average of $32,000 ended the first quarter at nearly $59,000.</p><p><b>Accounting Rules That Are a Headache</b></p><p>At that time, the big gamble in Bitcoin really made people feel like a great success. After all, in the first quarter, Tesla's pre-tax profit by building and selling cars was only $15 million, excluding the sales of carbon emission points.</p><p>From this perspective, making the financial report look decent is almost entirely the credit of Bitcoin investment. However, the first quarter's financial report actually laid the foreshadowing that few people realized, which means that bigger problems may occur in the second quarter and more quarters in the future. Although Tesla has sold 10% of its Bitcoin investment and recorded a considerable profit, they will still be forced to include a \"impairment\" of $27 million in pre-tax earnings, which means that the net income will decrease from $128 million to $101 million.</p><p>In accordance with the Financial Accounting Standards Board (FASB),<b>Virtual currencies should be treated as \"intangible assets with indefinite maturity\"</b>Under this principle, enterprises can have a variety of ways to dispose of virtual assets in the balance sheet.</p><p>One option is to compare the original purchase price to \"existing value\" or \"fair value\" at the end of each quarter. This means that if the price of Bitcoin is lower than the purchase price of any part of Bitcoin on the books at the end of the second quarter, that is, June 30, they must be included in \"impairment\", which is equal to the difference between \"present value\" and \"fair market value\".</p><p>However, what Tesla adopts is obviously not the method of \"quarter-end comparison\", but the method of impairment at any time in the quarter. Specifically, if at any point in the quarter, the market price in Bitcoin falls below the buying price of any portion of their holdings in Bitcoin, they must immediately count for impairment. At the end of the quarter, they report all these impairments in the \"restructuring\" category.</p><p>Which means,<b>If some of Tesla's Bitcoin were bought at $35,000 after a sharp rise in early February, and on May 19th, the price in Bitcoin fell to $31,000, they would have to make a $4,000 write-down for each Bitcoin, but then, the price in Bitcoin rose again, and Tesla couldn't cancel these write-downs.</b></p><p><b>In other words, the impairment is permanent.</b>In fact, even if the market price in Bitcoin later rose sharply, far more than Tesla's cost, they couldn't count in the gains. Tesla can only cash in the profits when it finally sells these bitcoins. In bookkeeping, these Bitcoin always have only two values before they are sold, either the initial investment cost or the \"existing value\" after impairment.</p><p>In short, when the market price in Bitcoin falls below Tesla's bid for one or more pieces, the books will be included in the corresponding loss, but when the price rises above this \"existing value\", they can't be included in the gain unless they sell Bitcoin.</p><p>In fact, in the first quarter, part of Tesla's Bitcoin once fell below the initial buying price, resulting in an impairment of $27 million. However, most Bitcoin prices have risen sharply, so Tesla can sell 10% of its Bitcoin and realize considerable profits.</p><p><b>This impairment may be very substantial</b></p><p>In mid-May, Musk announced that they would halt plans by Bitcoin to pay for cars, given the worrying energy consumption in Bitcoin. For a time, many investors began to worry that Tesla would completely clear Bitcoin, forcing Musk to come out later to refute the rumor that Tesla had no plan to sell the remaining Bitcoin. Therefore, it may be assumed that Tesla still eats the remaining 90%, that is, 42,100 Bitcoin.</p><p>However, the total value of these Bitcoin is not comparable to what it was a few weeks ago. Bitcoin rose to an all-time high of $64,863 in mid-April, when Tesla's Bitcoin was once worth $2.73 billion, and unrealized gains reached around $1.36 billion, $150 million higher than at the end of the first quarter.</p><p>However, since then, the price of Bitcoin has dropped by more than 40%, and by noon on May 25th, it had dropped to about $38,000, while Tesla's unrealized gain of $1.36 billion once shrank to $378 million.</p><p>According to the first-quarter financial report, the \"existing value\" of Tesla's remaining Bitcoin is $1.331 billion, which means that on average, each one is worth $31,600. However, it should be pointed out that the average price is meaningless when calculating impairment. What's important is that in this quarter, the lowest price ever appeared in Bitcoin. Among Tesla's Bitcoin, any buying price higher than this price will be impaired.</p><p>So far, in the second quarter, the lowest point of Bitcoin price appeared on May 19th, at $30,682, while Tesla originally bought Bitcoin from January 1st to February 8th, with an average price of $31,600, which means that a considerable part of it must be higher than $30,682.</p><p>One of the simplest assumptions can be made, which is to split Tesla's 42,100 Bitcoin into two, half of which are purchased at a price of $29,500 and the other half is $33,700. In this case, that's more than half of the average price compared to the May 19 low, implying a corresponding impairment of $65 million in the second quarter.</p><p><b>That may seem modest, but it will embarrass the whole company and Musk — investors will feel that the once-seemingly successful Bitcoin investment is losing money.</b></p><p>To avoid this, Musk can only eat his word and sell some Bitcoin to fill the $65 million hole. Assuming that the Bitcoin price will remain at the level of $38,000, Musk needs to sell about 10,000 pieces to fill the hole.</p><p><b>Considering that Musk has now become a super weathervane figure in the currency circle,</b>A Tesla sell of this magnitude would certainly scare the owner's heart, leading to another dive in price. If Musk's sale makes Bitcoin price fall back to $25,000 in December last year, then Tesla will have a new impairment of $278 million. If it falls to $2, the impairment will reach $484 million-you know, not long ago, their theoretical profit was $1.3 billion.</p><p>Investors should remember that, in fact, Tesla actually suffered a pre-tax loss of $127 million in the past four quarters if the sales of carbon emission credits, which Musk himself admitted would decline or even disappear rapidly, were deducted.<b>This means that even if Tesla can continue to make profits by cars this year and in the next few years, this already low profit amount will be easily erased by the price drop in Bitcoin.</b></p>","source":"fenghuang_stock","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>Gambling on Bitcoin, Tesla's second-quarter profit will be hit hard?</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\">\nGambling on Bitcoin, Tesla's second-quarter profit will be hit hard?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-05-31 12:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Initially, the investment looked more like a reckless gamble, and now, with the virtual currency market utterly insane, it is even more unbearable. Earlier this year, Elon Musk will<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>$1.5 billion in cash invested in Bitcoin, and the world was shocked after the news broke. With the soaring price of virtual currency, the theoretical profit of Tesla's investment once exceeded $1.3 billion. Even after the recent plunge in Bitcoin price, the direct profit is still considerable.</p><p>However, this investment also has a huge negative impact that many financial media and Wall Street analysts have not noticed. Under the special accounting rules used by Tesla for its investment in Bitcoin, the company will likely be forced to include an \"impairment\" in its second-quarter earnings report-even if the investment as a whole still appears to be profitable.</p><p>If the Bitcoin price can still maintain the current level of about $38,000, the blow is not expected to be too big, but even so, in order to offset the book loss, Tesla needs to sell a considerable part of the Bitcoin it still eats, which will naturally lead to another round of blow to the Bitcoin price. If the price of Bitcoin falls below $30,000, Tesla's losses will be enough to wipe out the profits made by the company's other businesses in the quarter.</p><p><b>More importantly, this impairment will once again remind investors that Musk actually invested a large amount of money in an asset with super volatility, making the already risky Tesla stock even more risky.</b>At first, many investors thought that Musk's investment in Bitcoin was far-sighted, but now, people can only be more and more inclined to believe that Musk did something stupid and bought back a powder keg for the company.</p><p>The threat posed by Bitcoin has already been noticed by some observers. \"Many investors actually don't want Musk to be involved in virtual currency at all.\" Daniel Ives, an analyst at Wedbush Securities, commented, \"He should focus on vehicle production and delivery, the global trend of electric vehicles, and how to deal with the chip shortage crisis. However, too much of his energy is now invested in Bitcoin.\"</p><p><b>What investors are especially intolerable is that Musk's recent words and deeds on the issue of virtual currency have directly suppressed the value of the company's Bitcoin.</b>\"It's like lighting a fire to your own house,\" he commented. \"Bitcoin has become a dark cloud over the whole Tesla story, and all the trouble is on its own.\"</p><p>So why did Bitcoin accounting rules cause Tesla's second-quarter loss? If Bitcoin prices fall badly, how big are the losses likely?</p><p><b>Once substantial paper profits</b></p><p>On February 8th, Tesla disclosed in its annual report submitted to the CSRC that Tesla invested $1.5 billion in Bitcoin. However, the real disclosure of detailed data, such as how much they bought, the average buying price, the profit, etc., is still in the first quarter financial report.</p><p>According to the report, as of March 31st, Tesla had a total of $2.48 billion worth of Bitcoin. According to the closing price of $58,919 on that day, it can be roughly calculated that the number held by Tesla is about 42,100. From early February to the end of March, Tesla sold its 10% Bitcoin holdings worth $268 million, while the purchase price was $140 million, making a profit of $128 million. This means that, at its highest, Tesla once owned about 46,800 Bitcoin.</p><p>Combining the Bitcoin on Tesla's books and sold, the total value of their original holdings was once $2.748 billion. Based on the investment of $1.5 billion, Tesla's gains that have been and have not yet been realized exceeded $1.2 billion as of March 31st, which means that in eleven weeks, it has obtained a return on investment of more than 80%. Each Bitcoin they bought for an average of $32,000 ended the first quarter at nearly $59,000.</p><p><b>Accounting Rules That Are a Headache</b></p><p>At that time, the big gamble in Bitcoin really made people feel like a great success. After all, in the first quarter, Tesla's pre-tax profit by building and selling cars was only $15 million, excluding the sales of carbon emission points.</p><p>From this perspective, making the financial report look decent is almost entirely the credit of Bitcoin investment. However, the first quarter's financial report actually laid the foreshadowing that few people realized, which means that bigger problems may occur in the second quarter and more quarters in the future. Although Tesla has sold 10% of its Bitcoin investment and recorded a considerable profit, they will still be forced to include a \"impairment\" of $27 million in pre-tax earnings, which means that the net income will decrease from $128 million to $101 million.</p><p>In accordance with the Financial Accounting Standards Board (FASB),<b>Virtual currencies should be treated as \"intangible assets with indefinite maturity\"</b>Under this principle, enterprises can have a variety of ways to dispose of virtual assets in the balance sheet.</p><p>One option is to compare the original purchase price to \"existing value\" or \"fair value\" at the end of each quarter. This means that if the price of Bitcoin is lower than the purchase price of any part of Bitcoin on the books at the end of the second quarter, that is, June 30, they must be included in \"impairment\", which is equal to the difference between \"present value\" and \"fair market value\".</p><p>However, what Tesla adopts is obviously not the method of \"quarter-end comparison\", but the method of impairment at any time in the quarter. Specifically, if at any point in the quarter, the market price in Bitcoin falls below the buying price of any portion of their holdings in Bitcoin, they must immediately count for impairment. At the end of the quarter, they report all these impairments in the \"restructuring\" category.</p><p>Which means,<b>If some of Tesla's Bitcoin were bought at $35,000 after a sharp rise in early February, and on May 19th, the price in Bitcoin fell to $31,000, they would have to make a $4,000 write-down for each Bitcoin, but then, the price in Bitcoin rose again, and Tesla couldn't cancel these write-downs.</b></p><p><b>In other words, the impairment is permanent.</b>In fact, even if the market price in Bitcoin later rose sharply, far more than Tesla's cost, they couldn't count in the gains. Tesla can only cash in the profits when it finally sells these bitcoins. In bookkeeping, these Bitcoin always have only two values before they are sold, either the initial investment cost or the \"existing value\" after impairment.</p><p>In short, when the market price in Bitcoin falls below Tesla's bid for one or more pieces, the books will be included in the corresponding loss, but when the price rises above this \"existing value\", they can't be included in the gain unless they sell Bitcoin.</p><p>In fact, in the first quarter, part of Tesla's Bitcoin once fell below the initial buying price, resulting in an impairment of $27 million. However, most Bitcoin prices have risen sharply, so Tesla can sell 10% of its Bitcoin and realize considerable profits.</p><p><b>This impairment may be very substantial</b></p><p>In mid-May, Musk announced that they would halt plans by Bitcoin to pay for cars, given the worrying energy consumption in Bitcoin. For a time, many investors began to worry that Tesla would completely clear Bitcoin, forcing Musk to come out later to refute the rumor that Tesla had no plan to sell the remaining Bitcoin. Therefore, it may be assumed that Tesla still eats the remaining 90%, that is, 42,100 Bitcoin.</p><p>However, the total value of these Bitcoin is not comparable to what it was a few weeks ago. Bitcoin rose to an all-time high of $64,863 in mid-April, when Tesla's Bitcoin was once worth $2.73 billion, and unrealized gains reached around $1.36 billion, $150 million higher than at the end of the first quarter.</p><p>However, since then, the price of Bitcoin has dropped by more than 40%, and by noon on May 25th, it had dropped to about $38,000, while Tesla's unrealized gain of $1.36 billion once shrank to $378 million.</p><p>According to the first-quarter financial report, the \"existing value\" of Tesla's remaining Bitcoin is $1.331 billion, which means that on average, each one is worth $31,600. However, it should be pointed out that the average price is meaningless when calculating impairment. What's important is that in this quarter, the lowest price ever appeared in Bitcoin. Among Tesla's Bitcoin, any buying price higher than this price will be impaired.</p><p>So far, in the second quarter, the lowest point of Bitcoin price appeared on May 19th, at $30,682, while Tesla originally bought Bitcoin from January 1st to February 8th, with an average price of $31,600, which means that a considerable part of it must be higher than $30,682.</p><p>One of the simplest assumptions can be made, which is to split Tesla's 42,100 Bitcoin into two, half of which are purchased at a price of $29,500 and the other half is $33,700. In this case, that's more than half of the average price compared to the May 19 low, implying a corresponding impairment of $65 million in the second quarter.</p><p><b>That may seem modest, but it will embarrass the whole company and Musk — investors will feel that the once-seemingly successful Bitcoin investment is losing money.</b></p><p>To avoid this, Musk can only eat his word and sell some Bitcoin to fill the $65 million hole. Assuming that the Bitcoin price will remain at the level of $38,000, Musk needs to sell about 10,000 pieces to fill the hole.</p><p><b>Considering that Musk has now become a super weathervane figure in the currency circle,</b>A Tesla sell of this magnitude would certainly scare the owner's heart, leading to another dive in price. If Musk's sale makes Bitcoin price fall back to $25,000 in December last year, then Tesla will have a new impairment of $278 million. If it falls to $2, the impairment will reach $484 million-you know, not long ago, their theoretical profit was $1.3 billion.</p><p>Investors should remember that, in fact, Tesla actually suffered a pre-tax loss of $127 million in the past four quarters if the sales of carbon emission credits, which Musk himself admitted would decline or even disappear rapidly, were deducted.<b>This means that even if Tesla can continue to make profits by cars this year and in the next few years, this already low profit amount will be easily erased by the price drop in Bitcoin.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.ifeng.com/c/86goIZirm7j\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://d.ifengimg.com/w100_h62_q90/x0.ifengimg.com/ucms/2021_23/33A5B702A54BBB337E94EC5F1D128FBB5D492EE8_size50_w1280_h854.jpg","relate_stocks":{"CAN":"嘉楠科技","TSLA":"特斯拉","EBON":"亿邦国际"},"source_url":"https://finance.ifeng.com/c/86goIZirm7j","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139285436","content_text":"最初，这笔投资看上去就更像是鲁莽的赌博，而现在，在虚拟货币市场彻底疯狂的情况下，这笔投资就更加让人难以忍受了。今年早些时候，马斯克（Elon Musk）将特斯拉的15亿美元现金投入了比特币，消息传出后举世震惊。伴随虚拟货币价格飙涨，特斯拉的这笔投资，理论获利一度超过13亿美元，哪怕在比特币价格近期的大跌后，直面利润依然可观。可是，这笔投资也有一个巨大的负面影响，是许多财经媒体和华尔街分析师都没有注意到的。特斯拉对其比特币投资所使用的特殊会计规则之下，该公司很可能将被迫在第二季度财报中计入一笔“减值”（impairment）——哪怕这笔投资整体看来依然是赚的。如果比特币价格还能够保持当下大约3.8万美元的水平，打击预计将不算太大，但是即便如此，为了抵消账面损失，特斯拉也需要卖掉自己依然吃有的比特币当中的相当部分，而这自然会导致比特币价格再受一轮打击。如果比特币价格跌到3万美元之下，特斯拉因此所受到的损失就已经足够将公司其他业务当季获得的利润一笔抹杀。更重要的是，这笔减值会再度提醒投资者，马斯克当初竟然将大笔资金投入了一种波动超级剧烈的资产，让原本已经风险十足的特斯拉股票变得风险更加巨大了。想当初，许多投资者还觉得马斯克投资比特币是高瞻远瞩，但是现在，人们只能越来越倾向于认定，马斯克是干了一件傻事，自己给公司买回了一个火药桶。比特币造成的威胁，已经有一些观察家开始留意到了。“众多投资者其实根本就不希望马斯克卷入到虚拟货币里去。” Wedbush Securities 分析师艾维斯（Daniel Ives）评论道，“他应该专注于车辆生产和交付，全球电动汽车发展潮流，以及如何应对芯片短缺危机。可是，现在他的精力太多部分都投入了比特币。”投资者尤其无法容忍的是，马斯克在虚拟货币问题上的朝秦暮楚，近期的言行更是直接打压了公司吃有的比特币的价值。“这简直像是点火烧自己家的房子。”他评论道，“比特币已经成了整个特斯拉故事头顶的一朵乌云，所有的麻烦都是咎由自取。”那么，为什么比特币的会计规则会导致特斯拉第二季度遭受亏损？如果比特币价格下跌严重，亏损又可能有多大？曾经可观的纸面利润在2月8日，特斯拉在递交证监会的年报文件当中披露，特斯拉投资了15亿美元的比特币。不过，真正披露细节数据，如他们到底买进了多少，平均买入价格多少，利得多少等，还是在第一季度的财报当中。报告显示，截至3月31日，特斯拉总计拥有价值24.8亿美元的比特币，根据当日58919美元的收盘价格，可以大致算出特斯拉持有的数量是4.21万枚左右。从2月上旬到3月底，特斯拉售出了自己持有的10%比特币，价值2.68亿美元，而买进价格是1.4亿美元，获利1.28亿美元。这些也就意味着，在最多时，特斯拉曾经拥有大约4.68万枚比特币。将特斯拉账面上的，以及卖掉的比特币合计起来，他们当初持有的总价值一度是27.48亿美元。基于15亿美元的投入，特斯拉截至3月31日时已经和尚未兑现的利得超过了12亿美元，意味着十一周的时间里，就获得了80%以上的投资回报率。他们以平均3.2万美元购入的每一枚比特币，第一季度结束时价格已经接近5.9万美元。令人头痛的会计规则当时，比特币豪赌确实让人有大获成功之感，毕竟第一季度当中，不计碳排放积分销售，特斯拉靠着造车卖车实现的税前利润只有区区1500万美元。从这个角度来说，让财报显得体面几乎全部都是比特币投资的功劳。只是，第一季度的财报当中其实也埋下了少有人意识到的伏笔，意味着第二季度，以及未来更多季度可能会发生更大的问题。虽然特斯拉已经售出了10%的比特币投资，录得了可观的利润，但是他们依然将被迫计入2700万美元的税前盈利“减值”，这就意味着净所得从1.28亿美元减少到1.01亿美元。根据财务会计准则委员会（FASB）的规定，虚拟货币应该视为“期限不定的无形资产”，而在这一原则下，企业可以有多种在资产负债表当中处置虚拟资产的方法。一个选项是在每个季度结束时，将原始购买价格与“现存价值”或“公平值”相比。这也就意味着，如果比特币的价格在第二季度结束，也就是6月30日时低于账面上任何一部分比特币的买进价格，他们就必须计入“减值”，减记额度相当于“现存价值”与“公平市场价值”之间的差值。不过，特斯拉所采用的显然不是“季度末比较”的方法，而是季度当中随时减值的方法。具体来说就算会，一旦在季度当中的任何时刻，比特币的市场价格跌到了他们持有的任何一部分比特币的买进价格之下，他们就必须当即计入减值。在季度结束时，他们将这些全部的减值都统归到“重组”门类当中报告。这也就意味着，如果特斯拉的比特币当中有一部分是在2月初大涨后，以3.5万美元的价格买进的，而5月19日，比特币价格跌到了3.1万美元，他们就必须为每一枚比特币做出4000美元减记，但是之后，比特币价格重新涨回来，特斯拉也不能取消这些减记。换言之，减值是具有永久性的。事实上，哪怕比特币的市场价格后来大幅上涨，远远超过特斯拉付出的成本，他们也不能计入利得。特斯拉只有最终卖出这些比特币时，才能兑现利润。在簿记当中，这些比特币在卖出之前，永远只有两种价值，要么是初始投资成本，要么是减值之后的“现存价值”。简而言之，当比特币的市场价格跌到了特斯拉曾经购买一枚或者若干枚的出价之下，账面就会计入相应的亏损，但是当价格涨到这一“现存价值”之上时，他们除非卖掉比特币，否则就不能计入利得。事实上，在第一季度当中，特斯拉的一部分比特币就曾经跌到了最初的买价之下，导致了2700万美元的减值出现。只是，大多数比特币价格都是大涨的，特斯拉才能够卖出10%的比特币，实现了可观的利润。这次减值可能极可观5月中旬，马斯克宣布，考虑到比特币令人担心的能耗问题，他们将叫停比特币支付购车的计划。一时间，很多投资者都开始担心特斯拉会彻底出清比特币，迫使马斯克稍晚时出来辟谣说，特斯拉并没有卖掉余下比特币的计划。因此，不妨假定特斯拉目前依然吃有那余下的90%，即4.21万枚比特币。不过，这些比特币的总价值与几周之前相比已经不可同日而语了。4月中旬，比特币涨到了64863美元的历史最高点，当时特斯拉手中的比特币一度价值27.3亿美元，未兑现利得达到13.6亿美元左右，比第一季度结束时高出1.5亿美元。可是，从那之后，比特币价格下跌40%以上，至5月25日中午已经跌到了3.8万美元左右，而特斯拉一度13.6亿美元的未兑现利得，也缩水到了3.78亿美元。根据第一季度财报，特斯拉余下比特币的“现存价值”为13.31亿美元，这就意味着平均下来，每一枚价值3.16万美元。不过，需要指出的是，在计算减值时，平均价格是没有意义的。重要的是在这一季度当中，比特币曾经出现的最低价位，特斯拉持有的比特币当中，任何买入价格高于这一价位者，都将形成减值。迄今为止，第二季度当中，比特币价格的最低点出现在5月19日，为30682美元，而特斯拉当初是1月1日到2月8日期间购买的比特币，平均价格3.16万美元，这也就意味着，里面肯定有相当部分的价格是高于30682美元的。可以做一个最简单的假设，将特斯拉的这4.21万枚比特币一分为二，其中一半是以2.95万美元价格购入，另外一半是3.37万美元。在这只情况下，那超过平均价格的一半与5月19日低点相比，意味着第二季度的相应减值为6500万美元。这数字看上去确实不大，但是要命的是，这会让整个公司和马斯克受窘——投资者会觉得，那曾经似乎很成功的比特币投资竟然亏损了。要避免这种情况发生，马斯克只能自食其言，卖出一部分比特币，来填上6500万美元的窟窿。姑且假定比特币价格会一直维持3.8万美元的水平，那么马斯克要填上窟窿，就需要卖掉大约1万枚。考虑到马斯克目前已经成为了币圈的超级风向标人物，特斯拉如此规模的卖出肯定会让所有者心惊肉跳，导致价格的又一轮跳水。如果马斯克的卖出使得比特币价格跌回去年12月的2.5万美元，那么特斯拉又将因此出现2.78亿美元的新减值，若是跌到2美元，减值更将达到4.84亿美元——要知道，不久前，他们的理论利润还曾经有13亿美元。投资者应该记得，其实如果扣掉马斯克自己也承认会迅速下滑乃至消失的碳排放积分销售，特斯拉过去四个季度实际上是遭受了1.27亿美元的税前亏损。这也就意味着，哪怕特斯拉在今年和未来几年当中能够持续靠汽车实现盈利，这本就不高的盈利额度都会很轻松被比特币价格的下跌抹掉。","news_type":1,"symbols_score_info":{"EBON":0.9,"CAN":0.9,"XBTmain":0.9,"BTCmain":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4475,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568885585448254","authorId":"3568885585448254","name":"Yuyi","avatar":"https://static.tigerbbs.com/2c6eeb186816d2dcbffddfa79e1b8f21","crmLevel":11,"crmLevelSwitch":0,"idStr":"3568885585448254","authorIdStr":"3568885585448254"},"content":"It should not be","text":"It should not be","html":"It should not be"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137612396,"gmtCreate":1622342746215,"gmtModify":1704183215371,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/137612396","repostId":"1105966910","repostType":4,"repost":{"id":"1105966910","kind":"news","pubTimestamp":1622288495,"share":"https://ttm.financial/m/news/1105966910?lang=en_US&edition=fundamental","pubTime":"2021-05-29 19:41","market":"sh","language":"zh","title":"Behind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored","url":"https://stock-news.laohu8.com/highlight/detail?id=1105966910","media":"天风证券","summary":"自5月11日MSCI公布调整信息至5月26日，被首次纳入MSCI指数的5只科创板个股获得了海外资金的增持。天风证券认为，相比于其余未被纳入MSCI指数的7只沪港通科创板个股，无论是外资持股数量的变动，","content":"<p>From May 11th, MSCI announced the adjustment information to May 26th, five science and technology innovation board stocks that were included in the MSCI index for the first time were increased by overseas funds.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>It is believed that compared with the other seven Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board stocks that are not included in the MSCI index, there are obvious leading advantages in both the change of the number of foreign shares and the change of the proportion of foreign shares in the circulating market value.</p><p><img src=\"https://static.tigerbbs.com/fe4e13e6396b62196d20e4485c27fe93\" tg-width=\"1080\" tg-height=\"484\" referrerpolicy=\"no-referrer\"></p><p><b>Large and medium market capitalization science and technology innovation board stocks continue to be favored by foreign investors.</b>In February this year, when FTSE Russell screened the stocks of Science and Technology Innovation Board to enter the FTSE Index, we mentioned that large and medium market capitalization stocks were more favored by foreign investors. This MSCI index adjustment validates this view again. The five stocks included in the MSCI index this time rank significantly higher in market value among all the stocks in Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board. among<a href=\"https://laohu8.com/S/688185\">CanSino</a>-U ranks second in the market value of Science and Technology Innovation Board with a market value of 101.143 billion yuan, while the market value of the other four stocks is also over 30 billion yuan.</p><p><b>The preference of foreign capital is consistent with the preference of domestic capital. Whether domestic public offering of funds is allocated is another indicator of whether foreign capital is optimistic</b>。 In addition to the top market capitalization of the science and technology innovation board stocks included in the MSCI index this time, Public Offering of Fund has made a significant increase in 21Q1 (except<a href=\"https://laohu8.com/S/688006\">Hangke Technology</a>), although some of these stocks<a href=\"https://laohu8.com/S/688002\">Ruichuang Micro Nano</a>、<a href=\"https://laohu8.com/S/688008\">Montage Technology</a>The performance declined in 21Q1, which also reflects the strong confidence of domestic and foreign investors in the above stocks.</p><p>In contrast, the rest of the science and technology innovation board stocks included in Shanghai-Shenzhen-Hong Kong Stock Connect, such as<a href=\"https://laohu8.com/S/688012\">China Micro Corporation</a>、<a href=\"https://laohu8.com/S/688122\">Western Superconducting</a>、<a href=\"https://laohu8.com/S/688139\">Haier Biotech</a>Although the performance growth rate improved in 21Q1, it was reduced by domestic public offering of funds in 21Q1 and was not included in the MSCI index.</p><p><img src=\"https://static.tigerbbs.com/9315c967204ef6b3e0500a9f16018013\" tg-width=\"1080\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><b>Tianfeng Securities suggests paying attention to the stocks that are optimistic about domestic capital in large and medium market capitalization but not included in Shanghai-Hong Kong Stock Connect.</b>Domestic stocks are prone to foreign attention, but stocks that are not included in Shanghai-Hong Kong Stock Connect are difficult to obtain foreign inflow. Therefore, stocks with large and medium market capitalization and Public Offering of Fund may be greatly increased by foreign capital after being included in Shanghai-Hong Kong Stock Connect, so we can focus on them.</p>","source":"lsy1580698218703","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>Behind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored</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\">\nBehind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">天风证券</strong><span class=\"h-time small\">2021-05-29 19:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>From May 11th, MSCI announced the adjustment information to May 26th, five science and technology innovation board stocks that were included in the MSCI index for the first time were increased by overseas funds.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>It is believed that compared with the other seven Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board stocks that are not included in the MSCI index, there are obvious leading advantages in both the change of the number of foreign shares and the change of the proportion of foreign shares in the circulating market value.</p><p><img src=\"https://static.tigerbbs.com/fe4e13e6396b62196d20e4485c27fe93\" tg-width=\"1080\" tg-height=\"484\" referrerpolicy=\"no-referrer\"></p><p><b>Large and medium market capitalization science and technology innovation board stocks continue to be favored by foreign investors.</b>In February this year, when FTSE Russell screened the stocks of Science and Technology Innovation Board to enter the FTSE Index, we mentioned that large and medium market capitalization stocks were more favored by foreign investors. This MSCI index adjustment validates this view again. The five stocks included in the MSCI index this time rank significantly higher in market value among all the stocks in Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board. among<a href=\"https://laohu8.com/S/688185\">CanSino</a>-U ranks second in the market value of Science and Technology Innovation Board with a market value of 101.143 billion yuan, while the market value of the other four stocks is also over 30 billion yuan.</p><p><b>The preference of foreign capital is consistent with the preference of domestic capital. Whether domestic public offering of funds is allocated is another indicator of whether foreign capital is optimistic</b>。 In addition to the top market capitalization of the science and technology innovation board stocks included in the MSCI index this time, Public Offering of Fund has made a significant increase in 21Q1 (except<a href=\"https://laohu8.com/S/688006\">Hangke Technology</a>), although some of these stocks<a href=\"https://laohu8.com/S/688002\">Ruichuang Micro Nano</a>、<a href=\"https://laohu8.com/S/688008\">Montage Technology</a>The performance declined in 21Q1, which also reflects the strong confidence of domestic and foreign investors in the above stocks.</p><p>In contrast, the rest of the science and technology innovation board stocks included in Shanghai-Shenzhen-Hong Kong Stock Connect, such as<a href=\"https://laohu8.com/S/688012\">China Micro Corporation</a>、<a href=\"https://laohu8.com/S/688122\">Western Superconducting</a>、<a href=\"https://laohu8.com/S/688139\">Haier Biotech</a>Although the performance growth rate improved in 21Q1, it was reduced by domestic public offering of funds in 21Q1 and was not included in the MSCI index.</p><p><img src=\"https://static.tigerbbs.com/9315c967204ef6b3e0500a9f16018013\" tg-width=\"1080\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><b>Tianfeng Securities suggests paying attention to the stocks that are optimistic about domestic capital in large and medium market capitalization but not included in Shanghai-Hong Kong Stock Connect.</b>Domestic stocks are prone to foreign attention, but stocks that are not included in Shanghai-Hong Kong Stock Connect are difficult to obtain foreign inflow. Therefore, stocks with large and medium market capitalization and Public Offering of Fund may be greatly increased by foreign capital after being included in Shanghai-Hong Kong Stock Connect, so we can focus on them.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.cls.cn/detail/756925\">天风证券</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3141822f6c407276b5caa913cbc72544","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cls.cn/detail/756925","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105966910","content_text":"自5月11日MSCI公布调整信息至5月26日，被首次纳入MSCI指数的5只科创板个股获得了海外资金的增持。天风证券认为，相比于其余未被纳入MSCI指数的7只沪港通科创板个股，无论是外资持股数量的变动，还是外资持股占流通市值比例的变动，都有明显的领先优势。\n\n大中市值科创板个股继续受外资青睐。在今年2月富时罗素筛选科创板个股进入富时指数时我们就提到，大中市值个股更受外资青睐。此次MSCI指数调整再次验证了该观点。此次纳入MSCI指数的5只个股在全部沪港通科创板个股中，市值排名明显靠前。其中康希诺-U以1011.43亿元市值居于科创板市值第2位，而其余4只个股市值也均在300亿以上。\n外资偏好与内资偏好具有一致性，内资公募基金是否加配是外资是否看好的另一指标。此次被纳入MSCI指数的科创板个股除了市值规模居前之外，公募基金在21Q1均进行了明显的加配（除杭可科技），尽管其中部分个股睿创微纳、澜起科技等业绩在21Q1有所下滑，这也反映出内外资对于上述个股的信心较强。\n对比之下，其余纳入沪深港通的科创板个股中，像中微公司、西部超导、海尔生物等，尽管在21Q1业绩增速有所改善，但在21Q1遭到内资公募基金的减持，也没有被纳入MSCI指数。\n\n天风证券建议关注大中市值中内资看好但未纳入沪港通的个股。内资偏好个股易受外资关注，但未被纳入沪港通的个股难以获得外资流入。因此，大中市值、公募基金加配的个股可能会在被纳入沪港通成分后，受到外资大幅增持，可以重点关注。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135935588,"gmtCreate":1622125519644,"gmtModify":1704179966337,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135935588","repostId":"1139893263","repostType":4,"repost":{"id":"1139893263","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621926753,"share":"https://ttm.financial/m/news/1139893263?lang=en_US&edition=fundamental","pubTime":"2021-05-25 15:12","market":"us","language":"zh","title":"Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1139893263","media":"老虎资讯综合","summary":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景","content":"<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></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>Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day</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\">\nReminder: U.S. stocks are closed for one day on May 31 due to Memorial Day\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-25 15:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139893263","content_text":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景简介：阵亡将士纪念日（Memorial Day）：是美国大多数州都要纪念的节日，时间原为5月30日，1971年以后，为保证联邦雇员都能享有这一休息日，许多州将它改在5月的最后一个星期一。美国南北战争中，无数将士在战火中阵亡。战争结束，南部许多家庭开始祭奠战争中阵亡的将士。他们不分南北双方，在春天向双方死者的墓地都奉献鲜花，北方人为此深受感动，将这一举动视为民族团结的象征。1868年，5月30日这一天被正式批准为向为保卫祖国而英勇牺牲的士兵们敬献鲜花的日子。每逢阵亡将士纪念日，美国现役军人和老战士便排成长长的队伍前往墓地，鸣枪向阵亡将士致意，吹响军中熄灯号让死难将士安息。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198673828,"gmtCreate":1620958220664,"gmtModify":1704351127298,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198673828","repostId":"1113870226","repostType":4,"isVote":1,"tweetType":1,"viewCount":4829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107256264,"gmtCreate":1620516669358,"gmtModify":1704344425169,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107256264","repostId":"2133685773","repostType":4,"repost":{"id":"2133685773","kind":"news","pubTimestamp":1620469680,"share":"https://ttm.financial/m/news/2133685773?lang=en_US&edition=fundamental","pubTime":"2021-05-08 18:28","market":"us","language":"zh","title":"Why is Buffett, the \"stock god\", questioned by shareholders?","url":"https://stock-news.laohu8.com/highlight/detail?id=2133685773","media":"新浪财经综合","summary":"巴菲特认为，如果在不确定，而且迅速采取行动阻止危险的可能性不大的情况下，就要求100%证明世界即将遭受巨大灾难是愚蠢的。巴菲特还提到，到目前为止，还未发生严重影响其保险业务所覆盖领域的极端气候事件。而巴菲特过去一直对独立董事会成员持批评态度。贝莱德认为，巴菲特在伯克希尔拥有强大的领导力和影响力，这种继任风险更大。","content":"<p>Source: ESG Asia Report</p><p>The pandemic has aroused the world's attention to sustainable development, and ESG investment has ushered in a new round of development opportunities.</p><p>With<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>Represented by the world's top investment institutions, who are increasingly confident in the long-term returns of sustainability investments, adopt the approach of \"corporate engagement and shareholder action\" to oversee the ESG practices of invested companies with the help of shareholders' rights while incorporating ESG factors into their proactive investment strategies.</p><p>This time, they turned their attention to Buffett's \"stock god\"<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Inc., questioning its ESG governance status.</p><p>At the recently concluded 2021 shareholder meeting, Berkshire shareholders presented two proposals to the board on ESG disclosure: one related to a report on climate-related risks and opportunities, and the other related to a report on employee diversity and inclusion initiatives.</p><p>As a Berkshire investor, BlackRock endorsed both proposals based on its high recognition of the concept of sustainable development.</p><p>But Berkshire's board, which has a majority of votes, voted unanimously against it, and neither shareholder proposal was passed.</p><p>The world's largest asset manager is at odds with the world's most prominent investment institution over ESG.</p><p><b>01. Berkshire shareholders: Insufficient disclosure of climate-related and diversified information</b></p><p>Climate change and diversity issues have received increasing attention in recent years.</p><p><b>Combating climate change has reached a global consensus</b></p><p>The market generally believes that climate events and the transition to a low-carbon economy pose systemic risks to global economic development. Many risks have come into play, affecting the value of companies in industries such as energy, transportation and chemicals.</p><p>Investors need to understand whether companies are prepared to deal with climate risks. Therefore, climate disclosure at the company level is essential.</p><p>The California Civil Service Retirement Fund (CalPERS), Hermes Investment Management, and Quebec Savings and Investment Group have jointly sponsored a proposal for a \"Climate-Related Risks and Opportunities Report\" amid concerns about insufficient climate-related disclosure in Berkshire.</p><p>Shareholders are asking Berkshire's board of directors to publish an annual report evaluating the company's climate-related risk management and clarifying physical and transformational risks and opportunities beginning in 2022.</p><p>Shareholders recommended that the report should include:</p><p>A summary of climate risks and opportunities of subsidiaries and investees, mainly based on information that the Board believes may be materially affected by or contribute significantly to climate change;</p><p>The Board's approach to overseeing and managing climate-related risks and opportunities;</p><p>Review the company's greenhouse gas emission reduction targets based on the 2℃ scenario.</p><p>To \"stimulate\" Berkshire, shareholders also talked about two rivals of Berkshire's BNSF Rail Transportation Company (<a href=\"https://laohu8.com/S/CSX\">CSX Transportation</a>Companies and<a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>Rail Freight Company) excellent practice in setting scientific carbon targets.</p><p><b>Numerous studies show that a diverse workforce can bring benefits to a company</b></p><p>In a research note, McKinsey noted that the top 25% of companies that outperform on gender diversity are 21% more profitable and 27% more likely to create exceptional value.</p><p>Foreign media research on the S&P 500 index found that between 2015 and 2019, the average annualized rate of return of stocks of the 20 companies with the best diversification performance was 5.8% higher than that of the worst 20 companies.</p><p>Despite these advantages, diverse and inclusive workforce building presents huge obstacles in reality.</p><p>Berkshire's performance on diversity has also worried shareholders.</p><p>Not only are there shortcomings in diversity disclosure, but many of Berkshire's subsidiaries have also been subjected to allegations of sexism and racism.</p><p>Berkshire shareholders seek quantitative, comparable data to understand the company's diversity, and the effectiveness of inclusion programs.</p><p>Handlery Hotels, through an agent, proposed to Berkshire that it issue annual reports assessing the company's diversity and inclusion progress, including:</p><p>The process by which the Board evaluates the effectiveness of diversity, equity and inclusion programs;</p><p>The Board's assessment of the implementation of inclusion programs, particularly metrics oversight regarding recruitment, promotion, and protection of special category employees.</p><p><b>02. Buffett: These proposals violate the company's concept of autonomy</b></p><p>Both Berkshire's board members voted against the two proposals, including Buffett, who has one-third of the votes.</p><p><b>Response to climate-related disclosure proposal</b></p><p>Berkshire's board of directors voted against it on the grounds that, while recognizing that managing climate-related risks in a responsible manner is essential to shareholders and operating the business, it does not want to interfere with the climate-related risk management of subsidiaries and invested companies.</p><p>The Board has seen many subsidiaries make wise decisions related to climate change, such as its railway transport companies and energy companies that have taken effective actions to reduce carbon emissions.</p><p>In terms of core insurance business, Buffett personally made an understanding of climate-related risks as early as the 2015 annual report. At the time, Berkshire also received relevant shareholder proposals.</p><p>Buffett wrote in his 2015 annual report: For him, because of a lack of professional background in climate science, climate change is \"highly likely\" to pose a major threat to the planet, rather than \"certain\".</p><p>Buffett believes that it is foolish to demand 100% proof that the world is about to suffer a great catastrophe when it is uncertain, and the likelihood of swift action to stop the danger is unlikely.</p><p>Buffett questioned that if the possibility of a major disaster on Earth is only one percent, and Noah's Ark is crucial to survival, should we start building it today in a clear sky?</p><p>Buffett also mentioned that so far, there have been no extreme weather events that have seriously affected the areas covered by his insurance business.</p><p>Buffett believes that Berkshire policy prices are typically reframed annually (rather than a ten-or twenty-year fixed price), and that if more frequent or more costly climate events occur, the Berkshire insurance business will instead be larger and more profitable due to higher policy prices.</p><p>Buffett teases that as an individual citizen, you may understandably be up at night due to climate change — as a homeowner in a low-lying area, you might as well consider moving; But climate change shouldn't be among your concerns when you're merely a shareholder in a large insurer.</p><p><b>Response to Diversified Information Disclosure Proposal</b></p><p>Faced with the proposal, Berkshire's board of directors said the company has built a workforce of diversity, equity and inclusion and will continue to be an important factor in the company's success and long-term sustainability.</p><p>But in the end, Berkshire's board voted unanimously against the employee diversity report proposal.</p><p>The reasons are: Berkshire operates in different industries in multiple geographies around the world, and it is unreasonable to require uniform quantitative reporting on diversity, fairness and inclusion; Furthermore, as in response to proposals regarding climate-related risk reporting, Berkshire manages the businesses it operates in a decentralized manner, with little involvement in the day-to-day activities of those businesses.</p><p><b>03. BlackRock believes that Berkshire's governance structure is risky</b></p><p>As a shareholder of Berkshire, BlackRock absolutely approves of the above two shareholder proposals based on its emphasis on sustainable investment.</p><p>BlackRock even noted that Berkshire also has risks in terms of its governance architecture.</p><p>BlackRock believes that the special committees under Berkshire's board of directors are inadequate, with only two currently (for remuneration and audit respectively).</p><p>BlackRock also believes that Berkshire has Buffett as chairman and CEO, but there is no chief independent director, which is not conducive to the board of directors making independent decisions and judgments.</p><p>Buffett has been critical of independent board members in the past.</p><p>In a 2020 letter to shareholders, Buffett said independent directors are paid hundreds of thousands of dollars a year for just a few days of work; They are not interested in the future of the company and are often biased in favor of management, who will agree with anything management wants.</p><p>In addition, BlackRock is concerned about succession planning for key leadership roles at Berkshire, which has not provided disclosures about how succession risks are addressed, such as regarding the board's review process of candidates.</p><p>BlackRock believes that Buffett has strong leadership and influence at Berkshire, and that such succession is riskier.</p><p>As for Berkshire's deficiencies in ESG governance, BlackRock blamed it on the dereliction of the company's audit committee.</p><p>So BlackRock voted no in a * vote for Berkshire's audit committee chair.</p><p>In a briefing on Berkshire's vote, BlackRock wrote: The company has not adapted to a world where ESG has become more important to performance.</p><p>It can be seen that BlackRock is full of concerns about Berkshire's future sustainable development resilience.</p><p>As the world's largest asset manager, BlackRock has $9 trillion in funds under management.</p><p>In 2021, in a letter to all shareholders, BlackRock Chairman and CEO Laurence D. Fink once again emphasized the long-term value of sustainability investments and made a sustainability commitment for the new year.</p><p>BlackRock recently announced that it has joined the Net Zero Asset Manager Initiative (Net Zero Asset Managers Initiative). Therefore, \"urging investment oversight to encourage companies whose clients invest to consider the opportunities presented by the net-zero transition while mitigating climate risks\" became an important action in BlackRock's sustainable investment plan.</p><p>Berkshire, one of the world's largest investment companies, recently confirmed Buffett's successor. In an interview with American financial media on Monday, Buffett, 91, admitted that directors unanimously agreed that Greg Abel, vice chairman of Berkshire's non-insurance business, would take over as CEO in the future.</p><p>It is not known whether Abel will transfer Berkshire's ESG management responsibilities to the group level after taking office to meet the increasingly strong ESG governance and disclosure needs of shareholders and investors.</p>","source":"tencent","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>Why is Buffett, the \"stock god\", questioned by shareholders?</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\">\nWhy is Buffett, the \"stock god\", questioned by shareholders?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经综合</strong><span class=\"h-time small\">2021-05-08 18:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Source: ESG Asia Report</p><p>The pandemic has aroused the world's attention to sustainable development, and ESG investment has ushered in a new round of development opportunities.</p><p>With<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>Represented by the world's top investment institutions, who are increasingly confident in the long-term returns of sustainability investments, adopt the approach of \"corporate engagement and shareholder action\" to oversee the ESG practices of invested companies with the help of shareholders' rights while incorporating ESG factors into their proactive investment strategies.</p><p>This time, they turned their attention to Buffett's \"stock god\"<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Inc., questioning its ESG governance status.</p><p>At the recently concluded 2021 shareholder meeting, Berkshire shareholders presented two proposals to the board on ESG disclosure: one related to a report on climate-related risks and opportunities, and the other related to a report on employee diversity and inclusion initiatives.</p><p>As a Berkshire investor, BlackRock endorsed both proposals based on its high recognition of the concept of sustainable development.</p><p>But Berkshire's board, which has a majority of votes, voted unanimously against it, and neither shareholder proposal was passed.</p><p>The world's largest asset manager is at odds with the world's most prominent investment institution over ESG.</p><p><b>01. Berkshire shareholders: Insufficient disclosure of climate-related and diversified information</b></p><p>Climate change and diversity issues have received increasing attention in recent years.</p><p><b>Combating climate change has reached a global consensus</b></p><p>The market generally believes that climate events and the transition to a low-carbon economy pose systemic risks to global economic development. Many risks have come into play, affecting the value of companies in industries such as energy, transportation and chemicals.</p><p>Investors need to understand whether companies are prepared to deal with climate risks. Therefore, climate disclosure at the company level is essential.</p><p>The California Civil Service Retirement Fund (CalPERS), Hermes Investment Management, and Quebec Savings and Investment Group have jointly sponsored a proposal for a \"Climate-Related Risks and Opportunities Report\" amid concerns about insufficient climate-related disclosure in Berkshire.</p><p>Shareholders are asking Berkshire's board of directors to publish an annual report evaluating the company's climate-related risk management and clarifying physical and transformational risks and opportunities beginning in 2022.</p><p>Shareholders recommended that the report should include:</p><p>A summary of climate risks and opportunities of subsidiaries and investees, mainly based on information that the Board believes may be materially affected by or contribute significantly to climate change;</p><p>The Board's approach to overseeing and managing climate-related risks and opportunities;</p><p>Review the company's greenhouse gas emission reduction targets based on the 2℃ scenario.</p><p>To \"stimulate\" Berkshire, shareholders also talked about two rivals of Berkshire's BNSF Rail Transportation Company (<a href=\"https://laohu8.com/S/CSX\">CSX Transportation</a>Companies and<a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>Rail Freight Company) excellent practice in setting scientific carbon targets.</p><p><b>Numerous studies show that a diverse workforce can bring benefits to a company</b></p><p>In a research note, McKinsey noted that the top 25% of companies that outperform on gender diversity are 21% more profitable and 27% more likely to create exceptional value.</p><p>Foreign media research on the S&P 500 index found that between 2015 and 2019, the average annualized rate of return of stocks of the 20 companies with the best diversification performance was 5.8% higher than that of the worst 20 companies.</p><p>Despite these advantages, diverse and inclusive workforce building presents huge obstacles in reality.</p><p>Berkshire's performance on diversity has also worried shareholders.</p><p>Not only are there shortcomings in diversity disclosure, but many of Berkshire's subsidiaries have also been subjected to allegations of sexism and racism.</p><p>Berkshire shareholders seek quantitative, comparable data to understand the company's diversity, and the effectiveness of inclusion programs.</p><p>Handlery Hotels, through an agent, proposed to Berkshire that it issue annual reports assessing the company's diversity and inclusion progress, including:</p><p>The process by which the Board evaluates the effectiveness of diversity, equity and inclusion programs;</p><p>The Board's assessment of the implementation of inclusion programs, particularly metrics oversight regarding recruitment, promotion, and protection of special category employees.</p><p><b>02. Buffett: These proposals violate the company's concept of autonomy</b></p><p>Both Berkshire's board members voted against the two proposals, including Buffett, who has one-third of the votes.</p><p><b>Response to climate-related disclosure proposal</b></p><p>Berkshire's board of directors voted against it on the grounds that, while recognizing that managing climate-related risks in a responsible manner is essential to shareholders and operating the business, it does not want to interfere with the climate-related risk management of subsidiaries and invested companies.</p><p>The Board has seen many subsidiaries make wise decisions related to climate change, such as its railway transport companies and energy companies that have taken effective actions to reduce carbon emissions.</p><p>In terms of core insurance business, Buffett personally made an understanding of climate-related risks as early as the 2015 annual report. At the time, Berkshire also received relevant shareholder proposals.</p><p>Buffett wrote in his 2015 annual report: For him, because of a lack of professional background in climate science, climate change is \"highly likely\" to pose a major threat to the planet, rather than \"certain\".</p><p>Buffett believes that it is foolish to demand 100% proof that the world is about to suffer a great catastrophe when it is uncertain, and the likelihood of swift action to stop the danger is unlikely.</p><p>Buffett questioned that if the possibility of a major disaster on Earth is only one percent, and Noah's Ark is crucial to survival, should we start building it today in a clear sky?</p><p>Buffett also mentioned that so far, there have been no extreme weather events that have seriously affected the areas covered by his insurance business.</p><p>Buffett believes that Berkshire policy prices are typically reframed annually (rather than a ten-or twenty-year fixed price), and that if more frequent or more costly climate events occur, the Berkshire insurance business will instead be larger and more profitable due to higher policy prices.</p><p>Buffett teases that as an individual citizen, you may understandably be up at night due to climate change — as a homeowner in a low-lying area, you might as well consider moving; But climate change shouldn't be among your concerns when you're merely a shareholder in a large insurer.</p><p><b>Response to Diversified Information Disclosure Proposal</b></p><p>Faced with the proposal, Berkshire's board of directors said the company has built a workforce of diversity, equity and inclusion and will continue to be an important factor in the company's success and long-term sustainability.</p><p>But in the end, Berkshire's board voted unanimously against the employee diversity report proposal.</p><p>The reasons are: Berkshire operates in different industries in multiple geographies around the world, and it is unreasonable to require uniform quantitative reporting on diversity, fairness and inclusion; Furthermore, as in response to proposals regarding climate-related risk reporting, Berkshire manages the businesses it operates in a decentralized manner, with little involvement in the day-to-day activities of those businesses.</p><p><b>03. BlackRock believes that Berkshire's governance structure is risky</b></p><p>As a shareholder of Berkshire, BlackRock absolutely approves of the above two shareholder proposals based on its emphasis on sustainable investment.</p><p>BlackRock even noted that Berkshire also has risks in terms of its governance architecture.</p><p>BlackRock believes that the special committees under Berkshire's board of directors are inadequate, with only two currently (for remuneration and audit respectively).</p><p>BlackRock also believes that Berkshire has Buffett as chairman and CEO, but there is no chief independent director, which is not conducive to the board of directors making independent decisions and judgments.</p><p>Buffett has been critical of independent board members in the past.</p><p>In a 2020 letter to shareholders, Buffett said independent directors are paid hundreds of thousands of dollars a year for just a few days of work; They are not interested in the future of the company and are often biased in favor of management, who will agree with anything management wants.</p><p>In addition, BlackRock is concerned about succession planning for key leadership roles at Berkshire, which has not provided disclosures about how succession risks are addressed, such as regarding the board's review process of candidates.</p><p>BlackRock believes that Buffett has strong leadership and influence at Berkshire, and that such succession is riskier.</p><p>As for Berkshire's deficiencies in ESG governance, BlackRock blamed it on the dereliction of the company's audit committee.</p><p>So BlackRock voted no in a * vote for Berkshire's audit committee chair.</p><p>In a briefing on Berkshire's vote, BlackRock wrote: The company has not adapted to a world where ESG has become more important to performance.</p><p>It can be seen that BlackRock is full of concerns about Berkshire's future sustainable development resilience.</p><p>As the world's largest asset manager, BlackRock has $9 trillion in funds under management.</p><p>In 2021, in a letter to all shareholders, BlackRock Chairman and CEO Laurence D. Fink once again emphasized the long-term value of sustainability investments and made a sustainability commitment for the new year.</p><p>BlackRock recently announced that it has joined the Net Zero Asset Manager Initiative (Net Zero Asset Managers Initiative). Therefore, \"urging investment oversight to encourage companies whose clients invest to consider the opportunities presented by the net-zero transition while mitigating climate risks\" became an important action in BlackRock's sustainable investment plan.</p><p>Berkshire, one of the world's largest investment companies, recently confirmed Buffett's successor. In an interview with American financial media on Monday, Buffett, 91, admitted that directors unanimously agreed that Greg Abel, vice chairman of Berkshire's non-insurance business, would take over as CEO in the future.</p><p>It is not known whether Abel will transfer Berkshire's ESG management responsibilities to the group level after taking office to meet the increasingly strong ESG governance and disclosure needs of shareholders and investors.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210508182845774e23cb&s=b\">新浪财经综合</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1b9fef028787bba142fa31212ae49d2","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210508182845774e23cb&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2133685773","content_text":"来源：ESG亚洲报告\n疫情唤起了世界对可持续发展领域的关注，ESG投资迎来了新一轮的发展机遇。\n以贝莱德为代表的世界顶级投资机构对可持续发展投资的长期回报信心不断增强，在将ESG因素纳入主动投资策略的同时，采用“企业参与及股东行动（corporate engagement and shareholder action）”的方式，借助股东权利督导所投公司的ESG实践。\n这次，他们将注意力转向了“股神”巴菲特麾下的伯克希尔哈撒韦公司，对其ESG治理现状提出质疑。\n在近日结束的2021年股东大会上，伯克希尔股东们向董事会递交了两项有关ESG信息披露的提案：一项与气候相关风险和机遇的报告有关，另一项与员工多元化和包容性举措的报告有关。\n作为伯克希尔的投资者，贝莱德基于自身对可持续发展理念的高度认可，对两项提案均表示赞同。\n但拥有多数投票权的伯克希尔董事会却投出了一致的反对票，最终两项股东提案均没有获得通过。\n世界上最大的资产管理公司与世界上最著名的投资机构就ESG事宜发生分歧。\n01、伯克希尔股东：气候相关与多元化信息披露不足\n气候变化和多元化议题在近年来受到越来越多的重视。\n应对气候变化已经在全球范围内达成共识\n市场普遍认为，气候事件和向低碳经济的过渡会给全球经济发展带来系统性风险。诸多风险已经开始发挥作用，能源、交通、化工等行业的公司价值受到影响。\n投资者需要了解公司是否已经做好了应对气候风险的准备。因此，公司层面的气候信息披露至关重要。\n因对伯克希尔气候相关信息披露不足的担忧，加州公务员退休基金（CalPERS）、爱马仕投资管理公司、魁北克储蓄投资集团共同发起了“气候相关风险和机遇报告”的提案。\n股东们要求伯克希尔董事会从2022年开始，每年发布一份评估公司气候相关风险管理方式，以及阐明物理与转型风险及机遇的报告。\n股东们建议该报告应包括：\n子公司和被投公司的气候风险和机遇摘要，以董事会认为可能受到气候变化重大影响或对气候变化有重大贡献的信息为主；\n董事会监督和管理气候相关风险和机遇的方法；\n检视公司基于2℃情境下的温室气体减排目标。\n为“刺激”伯克希尔，股东们在提案中还谈及伯克希尔旗下BNSF铁路运输公司的两家竞争对手（CSX运输公司和联合太平洋铁路货运公司）在设定科学碳目标方面的优秀实践。\n大量研究表明，多元化的员工队伍可以给公司带来收益\n麦肯锡在一篇研究报告中指出，性别多元化方面表现优异的前25%的公司在盈利能力方面高出21%，在创造卓越价值方面的可能性高出27%。\n外媒对标普500指数的研究发现，2015-2019年间，多元化表现最好的20家公司，其股票的平均年化收益率比最差的20家公司高出5.8%。\n尽管有这些优势，多元化和包容性的员工队伍建设在现实中存在巨大障碍。\n伯克希尔在多元性方面的表现也让股东担忧。\n不仅在多元化信息披露方面存在不足，伯克希尔许多子公司还遭到了有关性别歧视和种族主义的指控。\n伯克希尔股东寻求量化，可比的数据以了解公司多元化情况，以及包容性计划的有效性。\n汉得利酒店（Handlery Hotels）通过代理人向伯克希尔提议，要求其每年发布报告，评估公司的多元化和包容性进展，包括：\n董事会评估多元化、公平性和包容性计划是否有效的过程；\n董事会对包容性计划执行的评估，特别是在招聘、晋升和特殊类别员工保护方面的指标监督。\n02、巴菲特：这些提案违背公司的自治理念\n面对这两项顺应时代发展的提案，伯克希尔董事会成员均投出了反对票，其中也包括拥有三分之一投票权的巴菲特。\n对气候相关信息披露提案的回应\n伯克希尔董事会投出反对票的理由是，虽然认识到以负责任的方式管理与气候相关的风险对股东和经营业务至关重要，但不希望干预子公司及所投公司的气候相关风险管理工作。\n董事会看到诸多子公司做出了与气候变化相关的明智决定，如旗下的铁路运输公司和能源公司都已经在碳减排方面采取了有效行动。\n而在核心保险业务方面，巴菲特早在2015年年报中，亲自做出了对气候相关风险的理解。当时，伯克希尔也收到了相关股东提案。\n巴菲特在2015年年报中在写道：对于他而言，由于缺乏气候科学的专业背景，气候变化“很有可能（highly likely）”对地球构成重大威胁，而不是“一定（certain）”。\n巴菲特认为，如果在不确定，而且迅速采取行动阻止危险的可能性不大的情况下，就要求100%证明世界即将遭受巨大灾难是愚蠢的（foolish）。\n巴菲特质疑，如果地球发生重大灾难的可能性只有百分之一，而诺亚方舟对于生存至关重要，难道要在晴空万里的今天，就开始建造它么？\n巴菲特还提到，到目前为止，还未发生严重影响其保险业务所覆盖领域的极端气候事件。\n巴菲特认为，伯克希尔保单价格通常每年都会重新制定一次（而不是十年或二十年的固定价格），如果发生更频繁或损失更大的气候事件，伯克希尔保险业务反而会因保单价格提高而规模更大、利润更高。\n巴菲特调侃道，作为个人公民，您可能会因气候变化彻夜难眠，这是可以理解的——作为低洼地区的房主，您不妨考虑搬家；但是，当您仅仅作为一家大型保险公司的股东时，气候变化就不应列入您的担忧之列。\n对多元化信息披露提案的回应\n面对该提案，伯克希尔董事会表示公司已经建立了多元性、公平性和包容性的员工队伍，并将继续成为公司成功和长期可持续发展的重要因素。\n但最终，伯克希尔董事会还是对员工多元化报告提案投出了一致的反对票。\n其理由是：伯克希尔在全球多个地域经营着不同行业，要求统一的多元化，公平性和包容性定量报告是不合理的；此外，正如对有关气候相关风险报告提案的回应那样，伯克希尔以非集中的方式管理其经营的业务，很少参与这些业务的日常活动。\n03、贝莱德认为伯克希尔治理架构存在风险\n作为伯克希尔的股东，贝莱德基于自身对可持续发展投资的重视，对以上两项股东提案是持绝对赞成意见的。\n贝莱德甚至指出，伯克希尔在治理架构方面也存在风险。\n贝莱德认为，伯克希尔董事会下设的专门委员会是不足的，目前只有两个（分别负责薪酬和审计）。\n贝莱德还认为，伯克希尔由巴菲特兼任董事长和CEO，却没有首席独立董事，这不利于董事会做出独立的决策和判断。\n而巴菲特过去一直对独立董事会成员持批评态度。\n在2020年致股东信中，巴菲特表示，独立董事每年只需工作几天就能获得数十万美元的报酬；他们对公司的未来并不感兴趣，而且经常偏向于管理层，管理层想要什么他们都会同意。\n此外，贝莱德对伯克希尔关键领导角色的继任计划感到担忧，伯克希尔未提供有关如何解决继任风险的信息披露，如有关董事会对候选人的审查过程等。\n贝莱德认为，巴菲特在伯克希尔拥有强大的领导力和影响力，这种继任风险更大。\n而就伯克希尔在ESG治理方面的不足，贝莱德将其归咎于公司审计委员会的失职。\n因此，贝莱德在伯克希尔审计委员会主席的连任投票中投出了反对票。\n贝莱德在一份关于伯克希尔投票决定的简报中写道：该公司没有适应一个ESG对业绩变得更加重要的世界。\n可见，贝莱德对伯克希尔未来的可持续发展韧性充满担忧。\n作为全球最大的资产管理公司，贝莱德管理的资金规模达到9万亿美元。\n2021年，贝莱德董事长及首席执行官劳伦斯·芬克（Laurence D． Fink）在致全体股东的信中，再次强调了可持续发展投资的长期价值，并做出了新一年的可持续发展承诺。\n贝莱德在近期宣布加入净零排放资产管理人倡议（Net Zero Asset Managers Initiative）。因此，“敦促投资督导鼓励客户投资的公司在缓解气候风险的同时，考虑零净转型带来的机遇”成为贝莱德可持续投资计划中的重要行动。\n而作为世界最大投资公司之一的伯克希尔，在近期确定了巴菲特的接班人。本周一在接受美国财经媒体采访时，91岁的巴菲特承认，董事们一致同意，未来将由伯克希尔非保险业务副董事长格雷格·阿贝尔（Greg Abel）接任CEO。\n不知道阿贝尔上任后，是否会将伯克希尔的ESG管理职责收归到集团层面，以满足股东和投资者日益强烈的ESG治理与披露需求。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":3829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107181404,"gmtCreate":1620452510708,"gmtModify":1704343978912,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/107181404","repostId":"2133339507","repostType":4,"repost":{"id":"2133339507","kind":"news","pubTimestamp":1620447050,"share":"https://ttm.financial/m/news/2133339507?lang=en_US&edition=fundamental","pubTime":"2021-05-08 12:10","market":"us","language":"zh","title":"Millet is living like Gree","url":"https://stock-news.laohu8.com/highlight/detail?id=2133339507","media":"远川商业评论","summary":"去年12月，第1000家小米之家开业。短短一个月后，1000家小米之家在一天内同时开业，进驻河南、江苏两个省份的县级市场。今年4月，第5000家小米之家门店在沈阳落地。这种迅速下沉开门店的扩张思路，像极了小米的老对手格力。三是小米授权体验店，加盟商投资并由加盟商经营，主要开在县级市场。这恰恰是小米的弱点。其二，小米将积压库存都记在自己账上，减轻渠道的资金周转压力。同时，小米之家也是展现小米百货生态链的方式。","content":"<p>Xiaomi has been living in the spotlight lately.</p><p>Huawei's trade sanctions have interrupted the rising momentum of Huawei's mobile phones. Coupled with the wave of replacement from 4G to 5G, Xiaomi, which was originally \"born in cost performance and trapped in cost performance\", has regained a new product breakthrough space and a time window for makeover.</p><p>On the product side, Xiaomi launched four high-end and high-priced models, namely 10S, 11Pro, 11Ultra and MIXFOLD, in an attempt to change the past route of basic models and focusing on cost performance; Founder Lei Jun finally made up his mind to build a car, and claimed to \"bet all his records and reputation\".</p><p>On the sales side, Xiaomi has also drastically changed offline sales channels.</p><p>Last November, Lu Weibing, president of China, said at the press conference of RedmiNote9 that in 2021, every county should have a Xiaomi home, not only selling mobile phones, but also selling a bunch of home appliances and daily necessities. Subsequently, Xiaomi raised about $4 billion through placement and bond issuance, and started the road of high-speed store expansion.</p><p>Last December, the 1,000th millet home opened. Just one month later, 1,000 millet homes opened at the same time in one day, stationed in county-level markets in Henan and Jiangsu provinces.</p><p>In April this year, the 5,000th Xiaomi Home store landed in Shenyang.</p><p>This expansion idea of rapidly sinking and opening stores is very similar to Xiaomi's old rival Gree.</p><p>This article will focus on three issues:</p><p>01. What are the problems with Xiaomi's previous offline channels?</p><p>02. What is Xiaomi's new way of playing in this offline campaign?</p><p>03. What problems may you encounter in rapidly expanding stores?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/6cc9-kpuunnc2083136.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>A dazzling array of goods, if divided according to homogeneity and difference, can be divided into two camps:</p><p>One category is very homogeneous, such as dumplings, noodles, sheets, air conditioners, refrigerators.</p><p>One category is very different, for example, fashion clothing, mobile phone, camera, TV.</p><p>Products with strong homogeneity usually earn money from the population base and competitive landscape; For products with strong differentiation, we should use excellent product strength to earn money from subdivided people.</p><p>Xiaomi started by selling mobile phones, and later sold air-conditioning power plugs, rice cookers and so on, spanning two categories. Of the 245.9 billion revenue last year, mobile phones contributed 152.2 billion, and various home appliances contributed 67.4 billion.</p><p>However, in the process of competing with rivals in multiple vertical categories, the flywheel effect and sales channels have been wobbling for this reason.</p><p>Take mobile phones, the main source of income, for example. With all kinds of ever-changing functions and the supporting services needed to change mobile phones, more than 70% of mobile phones in China are still sold through offline stores, rather than through massive online shopping platforms with tens of billions of subsidies, especially in the vast low-tier city market.</p><p>For example, OPPO and VIVO, which are always connected to open stores together, each have more than 200,000 stores as of the first three quarters of 2020, accounting for about 20% of the market share of Android machines in third-tier and below cities, accounting for nearly half of the country together.</p><p>Another example is Huawei. In 2020, every 2 units sold in the domestic market<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>One of the mobile phones belongs to Huawei. The basis of this sales volume is tens of thousands of sales outlets.</p><p>Obviously, compared with the number of stores in OPPO, VIVO and Huawei, Xiaomi's 5,000 stores are a little insignificant.</p><p>Large-scale sales outlets need the same large number of dealer networks to support them. In China, only 10% of mobile phones are sold directly by factories, and 90% are sold by dealers.</p><p>Simply put, when it comes to selling mobile phones, whoever has more stores and dealers will be able to seize the share more easily.</p><p>After Huawei's mobile phone encountered difficulties, the script did write this way.</p><p>From November last year to February this year, OPPO's market share rose by 8%, VIVO also grew by 4%, while Xiaomi only gained 2.4% more.</p><p>So here's the question: Why does Xiaomi's number of dealers and stores lag behind its rivals?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/e0b2-kpuunnc2083182.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>If you want someone to help sell goods, you have to make money from it.</p><p>Before rebuilding offline channels at the end of 2020, Xiaomi set up a store system that wanted to cover different levels of markets, with four types of stores:</p><p>First, Xiaomi Home, self-built and self-operated, was only available in first-and second-tier cities at first. It was opened to join in 2016, but franchisees only left the store, and Xiaomi products were still sold by Xiaomi.</p><p>Second, millet stores and direct supply points are invested by franchisees and operated by franchisees.</p><p>The third is Xiaomi authorized experience store, invested by franchisees and operated by franchisees, mainly in county-level markets.</p><p>Fourth, hypermarket channels, such as Suning Gome and so on.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/703/w550h153/20210507/38c0-kpuunnc2083216.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"153\" referrerpolicy=\"no-referrer\"></p><p>However, no matter how complicated the structure of the sales system is, one of the simplest questions can't be avoided: how to make dealers make money? This is precisely Xiaomi's weakness.</p><p>In an ordinary mobile phone store, OPPO, VIVO, Huawei and Xiaomi compete in the same field, and Xiaomi is usually at a disadvantage. This has nothing to do with product quality, but a problem of channel profit margin.</p><p>Xiaomi started with a self-operated platform and direct sales. Early on, it defined that the upper limit of the gross profit margin of mobile phones should not exceed 5%. Then, from Xiaomi's factory to the sales front line, it is conceivable to deduct logistics and rent, leaving dealers with room to make money.</p><p>In contrast, OPPO and VIVO will not only give stores with more goods a store to sell without paying out of pocket, but also advertise and change facades for free.</p><p>This practice of OPPO and VIVO, called \"production and marketing consortium\", is operated by Duan Yongping<a href=\"https://laohu8.com/S/002251\">BBK</a>At that time, I learned from Wahaha and established a cross-shareholding relationship with channel dealers all over the country, coupled with high rebates. For example, OPPO and VIVO now give about 25% of the price increase space to channels, which is much higher than Xiaomi.</p><p>Besides, there is \"in-depth distribution\". In the front line of sales, manufacturers don't just simply give high commissions, but as long as the mobile phone store takes a certain amount of goods, manufacturers will send salesmen to the store instead of letting the store sell by itself, thus controlling the price system more directly.</p><p>This set of sales system, which OPPO, VIVO, Gree, Bull, Haiti, Yili and other offline overlords are familiar with, is not an easy task for Xiaomi, which has strong Internet genes. Therefore, in this round of channel reform, Xiaomi plans to find another way.</p><p>First, Xiaomi intends to use \"return on funds\" instead of the direct mark-up rate as the measurement standard. The specific algorithm is to subtract the cost from the gross profit and multiply it by the turnover to encourage dealers to sell popular goods and sell them fast.</p><p>Second, Xiaomi will record the backlog of inventory on its own account to reduce the capital turnover pressure of the channel.</p><p>Third, make more new stores into big stores and open them in shopping malls. It is definitely not a good strategy to grab shops with OPPO and VIVO all over the street. It is better to put more products in new stores and open them in more spacious shopping malls.</p><p>However, whether dealers can make money is only one of the questions.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/e016-kpuunnc2083397.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>In the consumer industry, after a company builds its own channels and sales network, it can often enjoy twice the result with half the effort with one more net profit for every more successful product.</p><p>For example,<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>First, there is Liushen toilet water and then herborist collection, Bull first has plug-in board and then switches and LED lights, Haiti first has soy sauce and then oyster sauce shrimp paste, etc. These successful products have borrowed and further promoted the company's performance.</p><p>But if you want to achieve twice the result with half the effort, the premise is that the product and channel must be matched. There are also examples of mismatch. For example, Wahaha didn't succeed in selling liquor.</p><p>On Xiaomi, the slogan of mobile phone XAloT has been shouted for many years, and this expansion still continues this idea. The product categories of Xiaomi Home include digital, home appliances, travel, etc. TV, air conditioner, washing machine and refrigerator are also the main promotion products of Xiaomi Home.</p><p>At the same time, Xiaomi House is also a way to show the ecological chain of Xiaomi Department Store. The stores are rich and complete in categories, ranging from TVs and air conditioners to speakers, bracelets, patch panels, etc., which can be bought in Xiaomi Home.</p><p>Combined with the location selection of Xiaomi's layout in shopping malls in various places, it can be seen that Xiaomi is trying to create a living home format with rich SKUs-realizing one-stop shopping in stores, connecting all smart products with loT platform, and realizing \"smart home\".</p><p>But different products require different consumption scenarios. It is not that mobile phones, air conditioners, power plugs, TVs and rice cookers are all suitable for sale in the same store.</p><p>Take Bull, which occupies more than 60% of the socket market, as an example. Its more than 2,000 dealers radiate 230,000 hardware stores, 220,000 daily grocery stores, 130,000 supermarkets, 120,000 mobile phone stores and 20,000 office supply stores. Selling power plugs and light bulbs are all in line with the same consumption scene: when I came home from work, I suddenly found that the light bulb at home blew up and the socket was broken. I came to the small shop at the entrance of the community and bought it for emergency.</p><p>Therefore, for consumers, when buying power plugs and light bulbs, it is best to be nearby instead of cheap.</p><p>Xiaomi sells power plugs. If the store is opened in a medium and large shopping center, it will not open until 10 o'clock in the morning, and the price has no strong advantage. How can it compete with the bull?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/73/w550h323/20210507/df5f-kpuunnc2083451.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"323\" referrerpolicy=\"no-referrer\"></p><p>In fact, the unit price of Xiaomi Home's store customers is generally 700-900 yuan, which still mainly relies on the support of large items such as mobile phones and TVs. Other products such as IoT devices are only sold in a small part, and the synergy effect is limited.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/d9b7-kpuunnc2083645.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>In August 2017, Lei Jun spent four days visiting counties and townships in Henan Province, and announced that he would lay down the county and township market with \"Xiaomi Store\", but Xiaomi Store failed in the end.</p><p>In 2020, the person who went to the countryside for research became Lu Weibing, president of Xiaomi. What remained unchanged was Xiaomi's county and township policy.</p><p>In any case, Xiaomi finally made up its mind and restarted the road of making up lessons in offline channels.</p><p>Opening a store, sending employees and attracting channel dealers, Lei Jun's style of play is becoming more and more similar to the road that his old rival Dong Mingzhu once took.</p>","source":"lsy1585921707636","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>Millet is living like Gree</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\">\nMillet is living like Gree\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">远川商业评论</strong><span class=\"h-time small\">2021-05-08 12:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Xiaomi has been living in the spotlight lately.</p><p>Huawei's trade sanctions have interrupted the rising momentum of Huawei's mobile phones. Coupled with the wave of replacement from 4G to 5G, Xiaomi, which was originally \"born in cost performance and trapped in cost performance\", has regained a new product breakthrough space and a time window for makeover.</p><p>On the product side, Xiaomi launched four high-end and high-priced models, namely 10S, 11Pro, 11Ultra and MIXFOLD, in an attempt to change the past route of basic models and focusing on cost performance; Founder Lei Jun finally made up his mind to build a car, and claimed to \"bet all his records and reputation\".</p><p>On the sales side, Xiaomi has also drastically changed offline sales channels.</p><p>Last November, Lu Weibing, president of China, said at the press conference of RedmiNote9 that in 2021, every county should have a Xiaomi home, not only selling mobile phones, but also selling a bunch of home appliances and daily necessities. Subsequently, Xiaomi raised about $4 billion through placement and bond issuance, and started the road of high-speed store expansion.</p><p>Last December, the 1,000th millet home opened. Just one month later, 1,000 millet homes opened at the same time in one day, stationed in county-level markets in Henan and Jiangsu provinces.</p><p>In April this year, the 5,000th Xiaomi Home store landed in Shenyang.</p><p>This expansion idea of rapidly sinking and opening stores is very similar to Xiaomi's old rival Gree.</p><p>This article will focus on three issues:</p><p>01. What are the problems with Xiaomi's previous offline channels?</p><p>02. What is Xiaomi's new way of playing in this offline campaign?</p><p>03. What problems may you encounter in rapidly expanding stores?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/6cc9-kpuunnc2083136.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>A dazzling array of goods, if divided according to homogeneity and difference, can be divided into two camps:</p><p>One category is very homogeneous, such as dumplings, noodles, sheets, air conditioners, refrigerators.</p><p>One category is very different, for example, fashion clothing, mobile phone, camera, TV.</p><p>Products with strong homogeneity usually earn money from the population base and competitive landscape; For products with strong differentiation, we should use excellent product strength to earn money from subdivided people.</p><p>Xiaomi started by selling mobile phones, and later sold air-conditioning power plugs, rice cookers and so on, spanning two categories. Of the 245.9 billion revenue last year, mobile phones contributed 152.2 billion, and various home appliances contributed 67.4 billion.</p><p>However, in the process of competing with rivals in multiple vertical categories, the flywheel effect and sales channels have been wobbling for this reason.</p><p>Take mobile phones, the main source of income, for example. With all kinds of ever-changing functions and the supporting services needed to change mobile phones, more than 70% of mobile phones in China are still sold through offline stores, rather than through massive online shopping platforms with tens of billions of subsidies, especially in the vast low-tier city market.</p><p>For example, OPPO and VIVO, which are always connected to open stores together, each have more than 200,000 stores as of the first three quarters of 2020, accounting for about 20% of the market share of Android machines in third-tier and below cities, accounting for nearly half of the country together.</p><p>Another example is Huawei. In 2020, every 2 units sold in the domestic market<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>One of the mobile phones belongs to Huawei. The basis of this sales volume is tens of thousands of sales outlets.</p><p>Obviously, compared with the number of stores in OPPO, VIVO and Huawei, Xiaomi's 5,000 stores are a little insignificant.</p><p>Large-scale sales outlets need the same large number of dealer networks to support them. In China, only 10% of mobile phones are sold directly by factories, and 90% are sold by dealers.</p><p>Simply put, when it comes to selling mobile phones, whoever has more stores and dealers will be able to seize the share more easily.</p><p>After Huawei's mobile phone encountered difficulties, the script did write this way.</p><p>From November last year to February this year, OPPO's market share rose by 8%, VIVO also grew by 4%, while Xiaomi only gained 2.4% more.</p><p>So here's the question: Why does Xiaomi's number of dealers and stores lag behind its rivals?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/e0b2-kpuunnc2083182.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>If you want someone to help sell goods, you have to make money from it.</p><p>Before rebuilding offline channels at the end of 2020, Xiaomi set up a store system that wanted to cover different levels of markets, with four types of stores:</p><p>First, Xiaomi Home, self-built and self-operated, was only available in first-and second-tier cities at first. It was opened to join in 2016, but franchisees only left the store, and Xiaomi products were still sold by Xiaomi.</p><p>Second, millet stores and direct supply points are invested by franchisees and operated by franchisees.</p><p>The third is Xiaomi authorized experience store, invested by franchisees and operated by franchisees, mainly in county-level markets.</p><p>Fourth, hypermarket channels, such as Suning Gome and so on.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/703/w550h153/20210507/38c0-kpuunnc2083216.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"153\" referrerpolicy=\"no-referrer\"></p><p>However, no matter how complicated the structure of the sales system is, one of the simplest questions can't be avoided: how to make dealers make money? This is precisely Xiaomi's weakness.</p><p>In an ordinary mobile phone store, OPPO, VIVO, Huawei and Xiaomi compete in the same field, and Xiaomi is usually at a disadvantage. This has nothing to do with product quality, but a problem of channel profit margin.</p><p>Xiaomi started with a self-operated platform and direct sales. Early on, it defined that the upper limit of the gross profit margin of mobile phones should not exceed 5%. Then, from Xiaomi's factory to the sales front line, it is conceivable to deduct logistics and rent, leaving dealers with room to make money.</p><p>In contrast, OPPO and VIVO will not only give stores with more goods a store to sell without paying out of pocket, but also advertise and change facades for free.</p><p>This practice of OPPO and VIVO, called \"production and marketing consortium\", is operated by Duan Yongping<a href=\"https://laohu8.com/S/002251\">BBK</a>At that time, I learned from Wahaha and established a cross-shareholding relationship with channel dealers all over the country, coupled with high rebates. For example, OPPO and VIVO now give about 25% of the price increase space to channels, which is much higher than Xiaomi.</p><p>Besides, there is \"in-depth distribution\". In the front line of sales, manufacturers don't just simply give high commissions, but as long as the mobile phone store takes a certain amount of goods, manufacturers will send salesmen to the store instead of letting the store sell by itself, thus controlling the price system more directly.</p><p>This set of sales system, which OPPO, VIVO, Gree, Bull, Haiti, Yili and other offline overlords are familiar with, is not an easy task for Xiaomi, which has strong Internet genes. Therefore, in this round of channel reform, Xiaomi plans to find another way.</p><p>First, Xiaomi intends to use \"return on funds\" instead of the direct mark-up rate as the measurement standard. The specific algorithm is to subtract the cost from the gross profit and multiply it by the turnover to encourage dealers to sell popular goods and sell them fast.</p><p>Second, Xiaomi will record the backlog of inventory on its own account to reduce the capital turnover pressure of the channel.</p><p>Third, make more new stores into big stores and open them in shopping malls. It is definitely not a good strategy to grab shops with OPPO and VIVO all over the street. It is better to put more products in new stores and open them in more spacious shopping malls.</p><p>However, whether dealers can make money is only one of the questions.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/e016-kpuunnc2083397.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>In the consumer industry, after a company builds its own channels and sales network, it can often enjoy twice the result with half the effort with one more net profit for every more successful product.</p><p>For example,<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>First, there is Liushen toilet water and then herborist collection, Bull first has plug-in board and then switches and LED lights, Haiti first has soy sauce and then oyster sauce shrimp paste, etc. These successful products have borrowed and further promoted the company's performance.</p><p>But if you want to achieve twice the result with half the effort, the premise is that the product and channel must be matched. There are also examples of mismatch. For example, Wahaha didn't succeed in selling liquor.</p><p>On Xiaomi, the slogan of mobile phone XAloT has been shouted for many years, and this expansion still continues this idea. The product categories of Xiaomi Home include digital, home appliances, travel, etc. TV, air conditioner, washing machine and refrigerator are also the main promotion products of Xiaomi Home.</p><p>At the same time, Xiaomi House is also a way to show the ecological chain of Xiaomi Department Store. The stores are rich and complete in categories, ranging from TVs and air conditioners to speakers, bracelets, patch panels, etc., which can be bought in Xiaomi Home.</p><p>Combined with the location selection of Xiaomi's layout in shopping malls in various places, it can be seen that Xiaomi is trying to create a living home format with rich SKUs-realizing one-stop shopping in stores, connecting all smart products with loT platform, and realizing \"smart home\".</p><p>But different products require different consumption scenarios. It is not that mobile phones, air conditioners, power plugs, TVs and rice cookers are all suitable for sale in the same store.</p><p>Take Bull, which occupies more than 60% of the socket market, as an example. Its more than 2,000 dealers radiate 230,000 hardware stores, 220,000 daily grocery stores, 130,000 supermarkets, 120,000 mobile phone stores and 20,000 office supply stores. Selling power plugs and light bulbs are all in line with the same consumption scene: when I came home from work, I suddenly found that the light bulb at home blew up and the socket was broken. I came to the small shop at the entrance of the community and bought it for emergency.</p><p>Therefore, for consumers, when buying power plugs and light bulbs, it is best to be nearby instead of cheap.</p><p>Xiaomi sells power plugs. If the store is opened in a medium and large shopping center, it will not open until 10 o'clock in the morning, and the price has no strong advantage. How can it compete with the bull?</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/73/w550h323/20210507/df5f-kpuunnc2083451.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"323\" referrerpolicy=\"no-referrer\"></p><p>In fact, the unit price of Xiaomi Home's store customers is generally 700-900 yuan, which still mainly relies on the support of large items such as mobile phones and TVs. Other products such as IoT devices are only sold in a small part, and the synergy effect is limited.</p><p><img src=\"http://k.sinaimg.cn/n/tech/crawl/708/w550h158/20210507/d9b7-kpuunnc2083645.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>In August 2017, Lei Jun spent four days visiting counties and townships in Henan Province, and announced that he would lay down the county and township market with \"Xiaomi Store\", but Xiaomi Store failed in the end.</p><p>In 2020, the person who went to the countryside for research became Lu Weibing, president of Xiaomi. What remained unchanged was Xiaomi's county and township policy.</p><p>In any case, Xiaomi finally made up its mind and restarted the road of making up lessons in offline channels.</p><p>Opening a store, sending employees and attracting channel dealers, Lei Jun's style of play is becoming more and more similar to the road that his old rival Dong Mingzhu once took.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/tfY-AuI7daEh9dMCiJdjEg\">远川商业评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3df686d3a6ca977e8c6841905eb7e18c","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/tfY-AuI7daEh9dMCiJdjEg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133339507","content_text":"小米最近一直活在聚光灯下。华为承受的贸易制裁打断了华为手机的上升势头，加上从4G到5G换机浪潮，原本“生于性价比，困于性价比”的小米，又重新得到了新的产品突破空间和改头换面的时间窗口。在产品端，小米一口气推出了10S、11Pro、11Ultra和MIXFOLD四款高端高价机型，力图改变以基础机型、主打性价比的过往路线；创始人雷军也终于下定决心造车，并声称要“押上全部战绩和声誉”。在销售端，小米也大刀阔斧地改变线下销售渠道。去年11月，中国区总裁卢伟冰在RedmiNote9的发布会上表示，2021年要让每个县城都有小米之家，不只卖手机，还要卖一堆家电、生活用品。随后，小米通过配售加发债，募资约40亿美元，开始高速的门店扩张之路。去年12月，第1000家小米之家开业。短短一个月后，1000家小米之家在一天内同时开业，进驻河南、江苏两个省份的县级市场。今年4月，第5000家小米之家门店在沈阳落地。这种迅速下沉开门店的扩张思路，像极了小米的老对手格力。本文将聚焦三个问题：01. 小米以前的线下渠道有什么问题？02. 小米这次线下战役有什么新打法？03. 快速扩门店可能会遇到什么问题？琳琅满目的商品，如果按照同质性、差异性来划分，可以分出两大阵营：一类是同质性很强的，例如饺子面条床单空调冰箱。一类是差异性很强的，例如时尚服装手机相机电视。同质性强的产品，通常要赚人口基数和竞争格局的钱；差异性强的产品，则要用优秀的产品力来赚细分人群的钱。小米靠卖手机起家，后来也卖空调插线板电饭煲等等，横跨两大品类。去年2459亿收入里边，手机贡献了1522亿，各种家电贡献了674亿。但在跟多个垂直品类的对手竞争的过程中，飞轮效应和销售渠道也为此而一直摇摇晃晃。先拿主要收入来源的手机来说。各种日新月异的功能，以及换手机所需的配套服务，让中国至今仍有超过70%的手机是通过线下门店卖出去的，而不是通过声势浩大动辄百亿补贴的网购平台，尤其是在广袤的低线城市市场。例如，总是连在一起开店的OPPO和VIVO，截至2020年前三季度，各有超过20万家门店，在三线及以下城市的安卓机市场份额占比均约20%，合计占据了近半江山。又如华为，在2020年，国内市场上一度每卖出2部智能手机，就有一部是华为的。支撑这个销售量的基础，是数以万计的销售网点。显而易见，跟OPPO、VIVO、华为的门店数量相比，小米的5000家门店就有点小巫见大巫了。规模庞大的销售网点，需要同样数量庞大的经销商网络来支撑。在中国，只有10%的手机是厂家直销的，90%都是由经销商卖出去的。简单说，在卖手机这件事情上，谁有更多的门店和经销商，谁就能更容易地抢占份额。在华为手机遇到困境后，剧本也确实是这么写的。从去年11月到今年2月，OPPO市场份额上升了8%，VIVO也增长4%，而小米只多了2.4%。那么问题来了：为什么小米的经销商、门店数量滞后于对手？想让人帮忙卖货，就得让人能从中赚钱。在2020年底重建线下渠道之前，小米搭建了一个想覆盖不同层级市场的门店体系，共有四种门店：一是小米之家，自建自营，一开始只在一二线城市才有，2016年开放加盟，但加盟商只出店面，小米产品仍然归小米来卖。二是小米专卖店和直供点，加盟商投资并由加盟商经营。三是小米授权体验店，加盟商投资并由加盟商经营，主要开在县级市场。四是大卖场渠道，例如苏宁国美等等。但构造再复杂的销售体系，都绕不开一个最简单的问题：怎样让经销商赚到钱？这恰恰是小米的弱点。在一个普通的手机店里，OPPO、VIVO、华为、小米同场竞技，通常会是小米落于下风。这跟产品质量无关，而是一个渠道利润空间的问题。小米以自营平台和直销起家，早早划定了手机毛利率的上限不超过5%，然后从小米出厂到销售前线，扣掉物流、租金，留给经销商赚钱的空间就可想而知了。相比之下，OPPO、VIVO不仅会给拿货多的门店配一个店家不用自掏腰包的销售，还会免费做广告、更换门面。OPPO、VIVO这种做法，叫做“产销联合体”，是段永平在经营步步高的时候，从娃哈哈手上学来的，跟全国的渠道商建立的互相交叉持股的关系，再加上高额返利，例如OPPO、VIVO现在给到渠道的加价空间是25%左右，远高于小米。除此以外，还有“深度分销”。在销售一线，厂商并不只是简单地给高提成，而是只要手机店拿一定数量的货，厂家就会派销售员到店里去，而不是让店家自己销售，从而更直接地控制住价格体系。这一套OPPO、VIVO、格力、公牛、海天、伊利等等线下霸王玩得滚瓜烂熟的销售体系，对互联网基因浓重的小米来说并不是一件容易掌握的事。所以，这一轮渠道改革，小米打算另辟蹊径。其一，小米打算用“资金回报率”替代直接的加价率来作为测算标准，具体算法是用毛利减去费用，再乘以周转，鼓励经销商卖热门商品、而且要卖得快。其二，小米将积压库存都记在自己账上，减轻渠道的资金周转压力。其三，把更多的新店做成大店，开在购物中心。跟满大街的OPPO、VIVO短兵相接抢铺位肯定不是好策略，还不如把更多的产品放在新店里，在更宽敞的购物中心里开业。然而，能不能让经销商赚钱，还只是其中一个问题而已。在消费行业，一家公司在自建渠道和销售网络后，经常能享受到每多一款成功产品就多一份纯利的事半功倍。例如，上海家化先有六神花露水再有佰草集，公牛先有插线板再有开关和LED灯，海天先有酱油再有蚝油虾酱等等，这些后发的成功产品都借用并进一步推动了公司的业绩上涨。但想做到事半功倍，前提是产品跟渠道得是匹配的。不匹配的例子也有，例如娃哈哈卖白酒，就做得不成功。放在小米身上，手机XAloT的口号小米已经喊了很多年，此次扩张依然延续了此思路，小米之家的产品品类包括数码、家电、出行等，电视、空调、洗衣机和冰箱四大件也是小米之家的主力推广产品。同时，小米之家也是展现小米百货生态链的方式。门店里品类丰富齐全，大到电视、空调，小到音箱、手环、插线板等都可以在小米之家买到。结合小米布局在各地购物中心的选址，可以看出小米力图用丰富的sku打造一种生活家居业态——在门店实现一站式的购物，以loT平台连接所有智能产品，实现“智能家庭”。但不同的产品需要不同的消费场景。并不是手机、空调、插线板、电视、电饭煲都适合在同一个门店中进行销售。以占据插座市场60%以上份额的公牛为例，它的两千多个经销商辐射了23万家五金店、22万家日杂店、13万家超市、12万家手机店、2万家办公用品店。卖插线板、卖灯泡，都符合同一个消费场景：下班回家，突然发现家里灯泡炸了，插座坏了，来到小区门口的小店，买来应急。所以对消费者来说，买插线板、买灯泡的时候，不图便宜，最好就近。而小米卖插线板，门店如果开在中大型购物中心，上午十点才开门，价格也没有很强的优势，拿什么跟公牛抗衡？实际上，小米之家的门店客单价一般在700-900元，依然主要依靠手机，电视等大件的支撑，IoT设备等其他产品只是小部分连带销售，协同效应有限。2017年8月，雷军花了4天时间去河南县乡考察，并宣布要以“小米小店”打下县乡市场，但小米小店最终没能成功。2020年，下乡调研的人变成了小米总裁卢伟冰，不变的是小米的县乡政策。无论如何，小米终于下定决心，重新开始了线下渠道的补课之路。开门店、派员工、吸引渠道商，雷军的打法，也和老对手董明珠曾经走过的路越来越像。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":4797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108382388,"gmtCreate":1620000630044,"gmtModify":1704337067683,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/108382388","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></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>Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</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\">\nReminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3901,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558680293731120","authorId":"3558680293731120","name":"Alicia Ling","avatar":"https://static.tigerbbs.com/ca35384a8589b2187095e5d2d4706a00","crmLevel":5,"crmLevelSwitch":0,"idStr":"3558680293731120","authorIdStr":"3558680293731120"},"content":"Help, ?. Come back","text":"Help, ?. Come back","html":"Help, ?. Come back"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109317149,"gmtCreate":1619664368281,"gmtModify":1704727647023,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/109317149","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></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>Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</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\">\nReminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100680827,"gmtCreate":1619608630269,"gmtModify":1704726713794,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/100680827","repostId":"1198744380","repostType":4,"repost":{"id":"1198744380","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619608363,"share":"https://ttm.financial/m/news/1198744380?lang=en_US&edition=fundamental","pubTime":"2021-04-28 19:12","market":"us","language":"zh","title":"Shopify: Q1 Revenue of $989 Million Beats Market Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1198744380","media":"老虎资讯综合","summary":"4月28日，Shopify盘前发布财报，财报显示：第一季度营收9.89亿美元，市场预期8.65亿美元，去年同期4.7亿美元。第一季净利润12.58亿美元，去年同期录得净亏损3140万美元。第一季度每股","content":"<p>On April 28th, Shopify released its financial report before the market. The financial report showed that the revenue in the first quarter was $989 million, compared with the market expectation of $865 million and $470 million in the same period last year.</p><p>First Quarter Net Income<b>12.58</b>billion, and recorded a net loss of $31.4 million in the same period last year.</p><p>Earnings of $9.94 per share in the first quarter were on track for a loss of $0.08 compared to a loss of $0.27 in the year-ago quarter.</p><p>Monthly active users were 89.9 million in the first quarter, up 62% year over year.</p><p>Commodity transactions totaled $37.3 billion in the first quarter, compared with market expectations of $33.4 billion and $17.4 billion in the same period last year.</p><p>Shopify: Revenue is expected to continue to increase in 2021, but at a slower pace than in 2020. The company will vigorously reinvest in its own business.<img src=\"https://static.tigerbbs.com/b87d649c2efd58236b402fcca380eb30\" tg-width=\"858\" tg-height=\"734\" referrerpolicy=\"no-referrer\">After the release of the earnings report, Shopify rose by more than 4% before the market.</p><p><img src=\"https://static.tigerbbs.com/d9213e18c7e64f4dc57e456a5c156465\" tg-width=\"822\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></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>Shopify: Q1 Revenue of $989 Million Beats Market Estimates</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\">\nShopify: Q1 Revenue of $989 Million Beats Market Estimates\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-28 19:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 28th, Shopify released its financial report before the market. The financial report showed that the revenue in the first quarter was $989 million, compared with the market expectation of $865 million and $470 million in the same period last year.</p><p>First Quarter Net Income<b>12.58</b>billion, and recorded a net loss of $31.4 million in the same period last year.</p><p>Earnings of $9.94 per share in the first quarter were on track for a loss of $0.08 compared to a loss of $0.27 in the year-ago quarter.</p><p>Monthly active users were 89.9 million in the first quarter, up 62% year over year.</p><p>Commodity transactions totaled $37.3 billion in the first quarter, compared with market expectations of $33.4 billion and $17.4 billion in the same period last year.</p><p>Shopify: Revenue is expected to continue to increase in 2021, but at a slower pace than in 2020. The company will vigorously reinvest in its own business.<img src=\"https://static.tigerbbs.com/b87d649c2efd58236b402fcca380eb30\" tg-width=\"858\" tg-height=\"734\" referrerpolicy=\"no-referrer\">After the release of the earnings report, Shopify rose by more than 4% before the market.</p><p><img src=\"https://static.tigerbbs.com/d9213e18c7e64f4dc57e456a5c156465\" tg-width=\"822\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cfb238317ed883c3646ed92ac45ff11","relate_stocks":{"SHOP":"Shopify Inc"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198744380","content_text":"4月28日，Shopify盘前发布财报，财报显示：第一季度营收9.89亿美元，市场预期8.65亿美元，去年同期4.7亿美元。第一季净利润12.58亿美元，去年同期录得净亏损3140万美元。第一季度每股盈利9.94美元，市场预期亏损0.08美元，去年同期亏损0.27美元。第一季度月活为8990万，同比增长62%。第一季度商品交易总额373亿美元，市场预期334亿美元，去年同期174亿美元。Shopify：2021年预计营收将持续增加，但增速比2020年慢。公司将大力对自身业务进行再投资。财报发布后，Shopify盘前拉升涨超4%。","news_type":1,"symbols_score_info":{"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":1232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371955792,"gmtCreate":1618905589616,"gmtModify":1704716647123,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/371955792","repostId":"1141230089","repostType":4,"repost":{"id":"1141230089","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618904513,"share":"https://ttm.financial/m/news/1141230089?lang=en_US&edition=fundamental","pubTime":"2021-04-20 15:41","market":"other","language":"zh","title":"Bitcoin fell below $53,500/piece, falling more than 4% in the day","url":"https://stock-news.laohu8.com/highlight/detail?id=1141230089","media":"老虎资讯综合","summary":"比特币失守53500美元/枚，日内跌超4%。","content":"<p>Bitcoin fell to $53,500/piece, falling by more than 4% in the day.</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>Bitcoin fell below $53,500/piece, falling more than 4% in the day</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\">\nBitcoin fell below $53,500/piece, falling more than 4% in the day\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 15:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bitcoin fell to $53,500/piece, falling by more than 4% in the day.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/962be253ee7459c393769e9105cb1429","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141230089","content_text":"比特币失守53500美元/枚，日内跌超4%。","news_type":1,"symbols_score_info":{"BTCmain":0.9,"GBTC":0.9,"XBTmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346428590,"gmtCreate":1618104616710,"gmtModify":1704706615925,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"Sea!","listText":"Sea!","text":"Sea!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/346428590","repostId":"2126006034","repostType":4,"repost":{"id":"2126006034","kind":"highlight","weMediaInfo":{"introduction":"美股研究社，一个专注研究美股的平台，专业的美股投资人都在这。想了解美国股市行情、美股开户、美股资讯、美股公司；想获得一手美股重磅信息；想加入美股交流社群，敬请关注我们吧。","home_visible":0,"media_name":"美股研究社","id":"1074069735","head_image":"https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6"},"pubTimestamp":1618049504,"share":"https://ttm.financial/m/news/2126006034?lang=en_US&edition=fundamental","pubTime":"2021-04-10 18:11","market":"us","language":"zh","title":"Among the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2126006034","media":"美股研究社","summary":"下面是三支遭受重创的Cathie Wood股票，它们是目前特别值得买入的股票。","content":"<p>Even the best investors go through tough times. That's the case with Cathie Wood, founder and CEO of Ark Investments. Shares in the five largest exchange-traded funds (ETFs) managed by Wood are well below their highs earlier this year.</p><p>However, the stock market pullback presents a huge opportunity for other investors to buy into shares of the best companies owned by the ARK ETF. Here are three hard-hit Cathie Wood stocks that are particularly buys right now.</p><p><b>Sea Limite (SE.US)</b></p><p>Sea Limited's<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>Ranked fifth in. It is the 10th largest position in the ARK Next Generation Internet ETF. The company's shares have dropped more than 12% from a high reached in February.</p><p>Of course, the company announced a big fourth-quarter loss in early March. However, the stock's decline has more to do with investors pulling out of growth stocks than with Sea's underlying business. Actually, the company's business is booming.</p><p>Sea's digital entertainment division is making a fortune from the success of Free Fire, the highest-revenue mobile game in Latin America and Southeast Asia for six consecutive quarters. The business is essentially subsidizing the company's loss-making division, which is focused on digital finance and e-commerce.</p><p>However, I think the long-term outlook for Sea is very positive for all three businesses. Free Fire remains a global mobile gaming giant. Sea's Shopee e-commerce platform leads markets such as Southeast Asia, Indonesia, and continues to deliver strong revenue growth. The company's SeaMoney mobile wallet is also accelerating.</p><p>I expect Sea's bottom line to improve, and I expect its share price to bounce back well.</p><p><b>Square (SQ.US)</b></p><p>Wood's favorite stock is Square (NYSE:SQ). The stock is<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>The largest holding and the second largest position in the ARK Innovation ETF and ARK Next Generation Internet ETF. But Square's stock is down 11% from its February high.</p><p>As in the case of Sea Limited, Square's pullback was primarily the result of a market rotation. Although the company's seller ecosystem was negatively impacted by the COVID-19 pandemic, there were signs of improvement in the fourth quarter. The increased supply of vaccines bodes well for stronger performance for the rest of 2021.</p><p>Square's cash app digital wallet, meanwhile, remains a huge growth story for the company. In the fourth quarter of this year, cash app gross profit soared 162% year over year. Square should be able to achieve even greater growth by driving the use of related products and services, such as cash and debit cards.</p><p>In March, the company achieved a major milestone as Square's financial services division began banking. Under the protection of a federally chartered bank, Square will be able to provide more financial services to its commercial customers. The fintech giant is likely to expand its banking services over time.</p><p>In many ways, Square's efforts to disrupt the financial services industry are just getting started. Its share price has plenty of upside.</p><p><b>Teladoc Health (TDOC.US)</b></p><p>In<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>Among the most owned companies, Teladoc Health is second only to Square in terms of ownership. The virtual care industry leader is the fourth largest holding in the ARK Next Generation Internet ETF and ranks first in the ARK Genomic Revolution ETF. As much as Wood likes Teladoc's stock, its stock has fallen nearly 40% from its February high.</p><p>Institutional investors moving money away from growth stocks is one reason Teladoc's underperformance. However, the company also expects revenue growth to slow in the fourth quarter of 2021. In addition,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Announced plans to enter the telemedicine market this summer.</p><p>To all of this, my answer is simply looking at the long-term prospects of Teladoc. Virtual healthcare is still in its early stages. McKinsey Consulting forecasts that the U.S. virtual health market will reach $250 billion a year after the pandemic ends. Teladoc opportunities aren't just limited to the United States, either.</p><p>I think, without a doubt, this is a large enough market to support multiple winners. Teladoc's leadership, market share (currently accounting for more than 40% of Fortune 500 customers), and range of products and services give the company a solid competitive edge.</p><p>In 2020, with an unprecedented surge in telemedicine demand due to the pandemic, it's entirely understandable that revenue growth will slow somewhat. While in the long run, Teladoc should be able to continue to grow strongly.</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>Among the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?</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\">\nAmong the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-04-10 18:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Even the best investors go through tough times. That's the case with Cathie Wood, founder and CEO of Ark Investments. Shares in the five largest exchange-traded funds (ETFs) managed by Wood are well below their highs earlier this year.</p><p>However, the stock market pullback presents a huge opportunity for other investors to buy into shares of the best companies owned by the ARK ETF. Here are three hard-hit Cathie Wood stocks that are particularly buys right now.</p><p><b>Sea Limite (SE.US)</b></p><p>Sea Limited's<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>Ranked fifth in. It is the 10th largest position in the ARK Next Generation Internet ETF. The company's shares have dropped more than 12% from a high reached in February.</p><p>Of course, the company announced a big fourth-quarter loss in early March. However, the stock's decline has more to do with investors pulling out of growth stocks than with Sea's underlying business. Actually, the company's business is booming.</p><p>Sea's digital entertainment division is making a fortune from the success of Free Fire, the highest-revenue mobile game in Latin America and Southeast Asia for six consecutive quarters. The business is essentially subsidizing the company's loss-making division, which is focused on digital finance and e-commerce.</p><p>However, I think the long-term outlook for Sea is very positive for all three businesses. Free Fire remains a global mobile gaming giant. Sea's Shopee e-commerce platform leads markets such as Southeast Asia, Indonesia, and continues to deliver strong revenue growth. The company's SeaMoney mobile wallet is also accelerating.</p><p>I expect Sea's bottom line to improve, and I expect its share price to bounce back well.</p><p><b>Square (SQ.US)</b></p><p>Wood's favorite stock is Square (NYSE:SQ). The stock is<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>The largest holding and the second largest position in the ARK Innovation ETF and ARK Next Generation Internet ETF. But Square's stock is down 11% from its February high.</p><p>As in the case of Sea Limited, Square's pullback was primarily the result of a market rotation. Although the company's seller ecosystem was negatively impacted by the COVID-19 pandemic, there were signs of improvement in the fourth quarter. The increased supply of vaccines bodes well for stronger performance for the rest of 2021.</p><p>Square's cash app digital wallet, meanwhile, remains a huge growth story for the company. In the fourth quarter of this year, cash app gross profit soared 162% year over year. Square should be able to achieve even greater growth by driving the use of related products and services, such as cash and debit cards.</p><p>In March, the company achieved a major milestone as Square's financial services division began banking. Under the protection of a federally chartered bank, Square will be able to provide more financial services to its commercial customers. The fintech giant is likely to expand its banking services over time.</p><p>In many ways, Square's efforts to disrupt the financial services industry are just getting started. Its share price has plenty of upside.</p><p><b>Teladoc Health (TDOC.US)</b></p><p>In<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>Among the most owned companies, Teladoc Health is second only to Square in terms of ownership. The virtual care industry leader is the fourth largest holding in the ARK Next Generation Internet ETF and ranks first in the ARK Genomic Revolution ETF. As much as Wood likes Teladoc's stock, its stock has fallen nearly 40% from its February high.</p><p>Institutional investors moving money away from growth stocks is one reason Teladoc's underperformance. However, the company also expects revenue growth to slow in the fourth quarter of 2021. In addition,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Announced plans to enter the telemedicine market this summer.</p><p>To all of this, my answer is simply looking at the long-term prospects of Teladoc. Virtual healthcare is still in its early stages. McKinsey Consulting forecasts that the U.S. virtual health market will reach $250 billion a year after the pandemic ends. Teladoc opportunities aren't just limited to the United States, either.</p><p>I think, without a doubt, this is a large enough market to support multiple winners. Teladoc's leadership, market share (currently accounting for more than 40% of Fortune 500 customers), and range of products and services give the company a solid competitive edge.</p><p>In 2020, with an unprecedented surge in telemedicine demand due to the pandemic, it's entirely understandable that revenue growth will slow somewhat. While in the long run, Teladoc should be able to continue to grow strongly.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://gimg2.baidu.com/image_search/src=http%3A%2F%2Finews.gtimg.com%2Fnewsapp_bt%2F0%2F13178222039%2F641&refer=http%3A%2F%2Finews.gtimg.com&app=2002&size=f9999,10000&q=a80&n=0&g=0n&fmt=jpeg?sec=1619929481&t=d215d79061ca1426fcf3fc9ef6561e9f","relate_stocks":{"TDOC":"Teladoc Health Inc.","ARKK":"ARK Innovation ETF","SE":"Sea Ltd"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126006034","content_text":"即使是最好的投资者也会经历艰难时期。方舟投资公司创始人兼首席执行官Cathie  Wood就是这样。Wood管理的五大交易所交易基金(ETFs)的股价远低于今年早些时候的高点。然而，股市回调为其他投资者提供了巨大的机会，让他们可以买进方舟ETF所拥有的最好公司的股票。下面是三支遭受重创的Cathie  Wood股票，它们是目前特别值得买入的股票。Sea Limite（SE.US）Sea Limited 在Wood的ARK Fintech Innovation ETF中排名第五。它是ARK Next  Generation Internet ETF的第10大持仓。该公司股价已较2月份创下的高点下跌逾12%。当然，该公司在3月初宣布了第四季度的大幅亏损。然而，该股的下跌更多地与投资者从成长型股票中撤出有关，而不是与Sea的基础业务有关。实际上，公司的业务正在蓬勃发展。Sea的数字娱乐部门正从《Free Fire》的成功中赚得盆满钵满，《Free  Fire》是拉丁美洲和东南亚连续6个季度营收最高的手机游戏。这项业务实质上是在补贴该公司专注于数字金融和电子商务的亏损部门。然而，我认为Sea的长期前景对这三项企业都非常有利。Free  Fire仍然是全球手机游戏巨头。Sea的Shopee电子商务平台在东南亚、印度尼西亚等市场处于领先地位，并持续实现强劲的收入增长。该公司的SeaMoney移动钱包也在加速发展。我希望Sea的底线会有所改善，并且我希望它的股价能很好地反弹。Square（SQ.US）Wood最喜欢的股票莫过于Square(NYSE:SQ)。该股是ARK Fintech Innovation ETF持有的最大股票，也是ARK  Innovation ETF和ARK Next Generation Internet  ETF的第二大头寸。但Square的股价较2月份的高点下跌了11%。与Sea  Limited的情况一样，Square的回调主要是市场轮转的结果。尽管该公司的卖家生态系统受到了COVID-19大流行的负面影响，但第四季度出现了改善的迹象。疫苗供应的增加预示着2021年剩余时间的表现将更加强劲。与此同时，Square的现金应用数字钱包仍然是该公司的一个巨大增长故事。今年第四季度，现金应用毛利润同比飙升162%。通过推动相关产品和服务(如现金卡和借记卡)的使用，Square应该能够实现更大的增长。今年3月，随着Square金融服务部门开始银行业务，该公司实现了一个重要的里程碑。在联邦特许银行的保护下，Square将能够为其商业客户提供更多的金融服务。随着时间的推移，这家金融科技巨头可能会扩大其银行服务。从很多方面来看，Square在颠覆金融服务业方面的努力才刚刚起步。它的股价还有很大的上涨空间。Teladoc Health（TDOC.US）在ARK Innovation ETF持股最多的公司中，Teladoc  Health的持股量仅次于Square。这家虚拟护理行业的领军企业是ARK Next Generation Internet  ETF的第四大持仓，在ARK Genomic Revolution  ETF位列第一。尽管Wood很喜欢Teladoc的股票，但其股价已从2月份的高点下跌了近40%。机构投资者将资金从成长型股票上转移，是Teladoc表现不佳的一个原因。然而，该公司也预计2021年第四季度的收入增长将放缓。此外，亚马逊宣布计划于今年夏天进军远程医疗市场。对于这一切，我的回答只是着眼于Teladoc的长期前景。虚拟医疗仍处于早期阶段。McKinsey咨询公司预测，疫情结束后，美国虚拟医疗市场每年将达到2500亿美元。Teladoc的机会也不仅仅局限于美国。我认为，毫无疑问，这是一个足够大的市场，足以支持多个赢家。Teladoc的领先优势、市场占有率(目前其客户占《财富》500强企业的40%以上)，以及产品和服务的范围，使公司具有坚实的竞争优势。2020年，由于大流行，远程医疗需求前所未有地激增，收入增长将有所放缓，这是完全可以理解的。而从长远来看，Teladoc应该能够持续强劲增长。","news_type":1,"symbols_score_info":{"SQ":0.9,"SE":0.9,"TDOC":0.9,"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":1699,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3561972131402911","authorId":"3561972131402911","name":"NELSONCY","avatar":"https://static.tigerbbs.com/112cbb9b208a9fe85865c515b4aca3e6","crmLevel":11,"crmLevelSwitch":0,"idStr":"3561972131402911","authorIdStr":"3561972131402911"},"content":"$Sea Ltd (SE) $[Miser] [Miser]","text":"$Sea Ltd (SE) $[Miser] [Miser]","html":"$Sea Ltd (SE) $[Miser] [Miser]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357862118,"gmtCreate":1617259880134,"gmtModify":1704697914805,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/357862118","repostId":"1185840581","repostType":4,"isVote":1,"tweetType":1,"viewCount":1308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351524237,"gmtCreate":1616606284829,"gmtModify":1704796418074,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527905061704","authorIdStr":"3579527905061704"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351524237","repostId":"2121464703","repostType":4,"repost":{"id":"2121464703","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616599243,"share":"https://ttm.financial/m/news/2121464703?lang=en_US&edition=fundamental","pubTime":"2021-03-24 23:20","market":"us","language":"en","title":"Yellen open to U.S. banks paying dividends, repurchasing stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2121464703","media":"Reuters","summary":"March 24 (Reuters) - Treasury Secretary Janet Yellen said on Wednesday that U.S. banks look healthy ","content":"<p>March 24 (Reuters) - Treasury Secretary Janet Yellen said on Wednesday that U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, an updated view that reflects top economic officials' growing confidence in the recovery from the coronavirus pandemic.</p>\n<p>Yellen made her comments in a second day of testimony in Congress alongside Federal Reserve Chair Jerome Powell. The hearings are part of a quarterly economic update they are required to make.</p>\n<p>Asked by Senate Banking Committee Chairman Sherrod Brown if she opposed banks paying dividends and buying back stock, Yellen said she was previously opposed to bank stock buybacks, but financial institutions look healthier now and \"should have some ability to, abiding by the rules, to make returns to shareholders.\"</p>\n<p>Yellen and Powell, in prepared remarks that mirrored those delivered on Tuesday before the House of Representatives Financial Services Committee, offered an optimistic outlook for the economy, fueled by expectations for continued progress against the pandemic due to vaccine rollouts and another $1.9 trillion of federal relief spending just getting underway.</p>\n<p>\"It is going to be a very, very strong year in the most likely case,\" Powell said in response to a senator's question on the economic outlook.</p>\n<p>The U.S. economic recovery is evolving faster than expected, but still faces risks from the pandemic on <a href=\"https://laohu8.com/S/AONE\">one</a> side and potential inflation on the other as massive fiscal support rolls through the system.</p>\n<p>The federal response to the crisis, including spending of about $5 trillion and considerable support from the U.S. central bank, set the stage for a rebound now taking hold as the COVID-19 vaccination program gains momentum and pandemic restrictions are lifted.</p>\n<p>However, it remains unclear how quickly millions of still-unemployed workers will find their way back to jobs, whether the Fed can keep markets on an even keel amid rising prices and bond yields, and if initial progress against the pandemic can be sustained.</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>Yellen open to U.S. banks paying dividends, repurchasing stock</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nYellen open to U.S. banks paying dividends, repurchasing stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-24 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 24 (Reuters) - Treasury Secretary Janet Yellen said on Wednesday that U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, an updated view that reflects top economic officials' growing confidence in the recovery from the coronavirus pandemic.</p>\n<p>Yellen made her comments in a second day of testimony in Congress alongside Federal Reserve Chair Jerome Powell. The hearings are part of a quarterly economic update they are required to make.</p>\n<p>Asked by Senate Banking Committee Chairman Sherrod Brown if she opposed banks paying dividends and buying back stock, Yellen said she was previously opposed to bank stock buybacks, but financial institutions look healthier now and \"should have some ability to, abiding by the rules, to make returns to shareholders.\"</p>\n<p>Yellen and Powell, in prepared remarks that mirrored those delivered on Tuesday before the House of Representatives Financial Services Committee, offered an optimistic outlook for the economy, fueled by expectations for continued progress against the pandemic due to vaccine rollouts and another $1.9 trillion of federal relief spending just getting underway.</p>\n<p>\"It is going to be a very, very strong year in the most likely case,\" Powell said in response to a senator's question on the economic outlook.</p>\n<p>The U.S. economic recovery is evolving faster than expected, but still faces risks from the pandemic on <a href=\"https://laohu8.com/S/AONE\">one</a> side and potential inflation on the other as massive fiscal support rolls through the system.</p>\n<p>The federal response to the crisis, including spending of about $5 trillion and considerable support from the U.S. central bank, set the stage for a rebound now taking hold as the COVID-19 vaccination program gains momentum and pandemic restrictions are lifted.</p>\n<p>However, it remains unclear how quickly millions of still-unemployed workers will find their way back to jobs, whether the Fed can keep markets on an even keel amid rising prices and bond yields, and if initial progress against the pandemic can be sustained.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121464703","content_text":"March 24 (Reuters) - Treasury Secretary Janet Yellen said on Wednesday that U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, an updated view that reflects top economic officials' growing confidence in the recovery from the coronavirus pandemic.\nYellen made her comments in a second day of testimony in Congress alongside Federal Reserve Chair Jerome Powell. The hearings are part of a quarterly economic update they are required to make.\nAsked by Senate Banking Committee Chairman Sherrod Brown if she opposed banks paying dividends and buying back stock, Yellen said she was previously opposed to bank stock buybacks, but financial institutions look healthier now and \"should have some ability to, abiding by the rules, to make returns to shareholders.\"\nYellen and Powell, in prepared remarks that mirrored those delivered on Tuesday before the House of Representatives Financial Services Committee, offered an optimistic outlook for the economy, fueled by expectations for continued progress against the pandemic due to vaccine rollouts and another $1.9 trillion of federal relief spending just getting underway.\n\"It is going to be a very, very strong year in the most likely case,\" Powell said in response to a senator's question on the economic outlook.\nThe U.S. economic recovery is evolving faster than expected, but still faces risks from the pandemic on one side and potential inflation on the other as massive fiscal support rolls through the system.\nThe federal response to the crisis, including spending of about $5 trillion and considerable support from the U.S. central bank, set the stage for a rebound now taking hold as the COVID-19 vaccination program gains momentum and pandemic restrictions are lifted.\nHowever, it remains unclear how quickly millions of still-unemployed workers will find their way back to jobs, whether the Fed can keep markets on an even keel amid rising prices and bond yields, and if initial progress against the pandemic can be sustained.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":108382388,"gmtCreate":1620000630044,"gmtModify":1704337067683,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/108382388","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></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>Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</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\">\nReminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3901,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558680293731120","authorId":"3558680293731120","name":"Alicia Ling","avatar":"https://static.tigerbbs.com/ca35384a8589b2187095e5d2d4706a00","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3558680293731120","idStr":"3558680293731120"},"content":"Help, ?. Come back","text":"Help, ?. Come back","html":"Help, ?. Come back"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357862118,"gmtCreate":1617259880134,"gmtModify":1704697914805,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/357862118","repostId":"1185840581","repostType":4,"isVote":1,"tweetType":1,"viewCount":1308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110837957,"gmtCreate":1622437061079,"gmtModify":1704184422517,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/110837957","repostId":"2139285436","repostType":4,"repost":{"id":"2139285436","kind":"news","pubTimestamp":1622435945,"share":"https://ttm.financial/m/news/2139285436?lang=en_US&edition=fundamental","pubTime":"2021-05-31 12:39","market":"hk","language":"zh","title":"Gambling on Bitcoin, Tesla's second-quarter profit will be hit hard?","url":"https://stock-news.laohu8.com/highlight/detail?id=2139285436","media":"金十数据","summary":"如果比特币价格跌到3万美元之下，特斯拉因此所受到的损失就已经足够将公司其他业务当季获得的利润一笔抹杀。那么，为什么比特币的会计规则会导致特斯拉第二季度遭受亏损？他们以平均3.2万美元购入的每一枚比特币，第一季度结束时价格已经接近5.9万美元。特斯拉只有最终卖出这些比特币时，才能兑现利润。只是，大多数比特币价格都是大涨的，特斯拉才能够卖出10%的比特币，实现了可观的利润。","content":"<p>Initially, the investment looked more like a reckless gamble, and now, with the virtual currency market utterly insane, it is even more unbearable. Earlier this year, Elon Musk will<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>$1.5 billion in cash invested in Bitcoin, and the world was shocked after the news broke. With the soaring price of virtual currency, the theoretical profit of Tesla's investment once exceeded $1.3 billion. Even after the recent plunge in Bitcoin price, the direct profit is still considerable.</p><p>However, this investment also has a huge negative impact that many financial media and Wall Street analysts have not noticed. Under the special accounting rules used by Tesla for its investment in Bitcoin, the company will likely be forced to include an \"impairment\" in its second-quarter earnings report-even if the investment as a whole still appears to be profitable.</p><p>If the Bitcoin price can still maintain the current level of about $38,000, the blow is not expected to be too big, but even so, in order to offset the book loss, Tesla needs to sell a considerable part of the Bitcoin it still eats, which will naturally lead to another round of blow to the Bitcoin price. If the price of Bitcoin falls below $30,000, Tesla's losses will be enough to wipe out the profits made by the company's other businesses in the quarter.</p><p><b>More importantly, this impairment will once again remind investors that Musk actually invested a large amount of money in an asset with super volatility, making the already risky Tesla stock even more risky.</b>At first, many investors thought that Musk's investment in Bitcoin was far-sighted, but now, people can only be more and more inclined to believe that Musk did something stupid and bought back a powder keg for the company.</p><p>The threat posed by Bitcoin has already been noticed by some observers. \"Many investors actually don't want Musk to be involved in virtual currency at all.\" Daniel Ives, an analyst at Wedbush Securities, commented, \"He should focus on vehicle production and delivery, the global trend of electric vehicles, and how to deal with the chip shortage crisis. However, too much of his energy is now invested in Bitcoin.\"</p><p><b>What investors are especially intolerable is that Musk's recent words and deeds on the issue of virtual currency have directly suppressed the value of the company's Bitcoin.</b>\"It's like lighting a fire to your own house,\" he commented. \"Bitcoin has become a dark cloud over the whole Tesla story, and all the trouble is on its own.\"</p><p>So why did Bitcoin accounting rules cause Tesla's second-quarter loss? If Bitcoin prices fall badly, how big are the losses likely?</p><p><b>Once substantial paper profits</b></p><p>On February 8th, Tesla disclosed in its annual report submitted to the CSRC that Tesla invested $1.5 billion in Bitcoin. However, the real disclosure of detailed data, such as how much they bought, the average buying price, the profit, etc., is still in the first quarter financial report.</p><p>According to the report, as of March 31st, Tesla had a total of $2.48 billion worth of Bitcoin. According to the closing price of $58,919 on that day, it can be roughly calculated that the number held by Tesla is about 42,100. From early February to the end of March, Tesla sold its 10% Bitcoin holdings worth $268 million, while the purchase price was $140 million, making a profit of $128 million. This means that, at its highest, Tesla once owned about 46,800 Bitcoin.</p><p>Combining the Bitcoin on Tesla's books and sold, the total value of their original holdings was once $2.748 billion. Based on the investment of $1.5 billion, Tesla's gains that have been and have not yet been realized exceeded $1.2 billion as of March 31st, which means that in eleven weeks, it has obtained a return on investment of more than 80%. Each Bitcoin they bought for an average of $32,000 ended the first quarter at nearly $59,000.</p><p><b>Accounting Rules That Are a Headache</b></p><p>At that time, the big gamble in Bitcoin really made people feel like a great success. After all, in the first quarter, Tesla's pre-tax profit by building and selling cars was only $15 million, excluding the sales of carbon emission points.</p><p>From this perspective, making the financial report look decent is almost entirely the credit of Bitcoin investment. However, the first quarter's financial report actually laid the foreshadowing that few people realized, which means that bigger problems may occur in the second quarter and more quarters in the future. Although Tesla has sold 10% of its Bitcoin investment and recorded a considerable profit, they will still be forced to include a \"impairment\" of $27 million in pre-tax earnings, which means that the net income will decrease from $128 million to $101 million.</p><p>In accordance with the Financial Accounting Standards Board (FASB),<b>Virtual currencies should be treated as \"intangible assets with indefinite maturity\"</b>Under this principle, enterprises can have a variety of ways to dispose of virtual assets in the balance sheet.</p><p>One option is to compare the original purchase price to \"existing value\" or \"fair value\" at the end of each quarter. This means that if the price of Bitcoin is lower than the purchase price of any part of Bitcoin on the books at the end of the second quarter, that is, June 30, they must be included in \"impairment\", which is equal to the difference between \"present value\" and \"fair market value\".</p><p>However, what Tesla adopts is obviously not the method of \"quarter-end comparison\", but the method of impairment at any time in the quarter. Specifically, if at any point in the quarter, the market price in Bitcoin falls below the buying price of any portion of their holdings in Bitcoin, they must immediately count for impairment. At the end of the quarter, they report all these impairments in the \"restructuring\" category.</p><p>Which means,<b>If some of Tesla's Bitcoin were bought at $35,000 after a sharp rise in early February, and on May 19th, the price in Bitcoin fell to $31,000, they would have to make a $4,000 write-down for each Bitcoin, but then, the price in Bitcoin rose again, and Tesla couldn't cancel these write-downs.</b></p><p><b>In other words, the impairment is permanent.</b>In fact, even if the market price in Bitcoin later rose sharply, far more than Tesla's cost, they couldn't count in the gains. Tesla can only cash in the profits when it finally sells these bitcoins. In bookkeeping, these Bitcoin always have only two values before they are sold, either the initial investment cost or the \"existing value\" after impairment.</p><p>In short, when the market price in Bitcoin falls below Tesla's bid for one or more pieces, the books will be included in the corresponding loss, but when the price rises above this \"existing value\", they can't be included in the gain unless they sell Bitcoin.</p><p>In fact, in the first quarter, part of Tesla's Bitcoin once fell below the initial buying price, resulting in an impairment of $27 million. However, most Bitcoin prices have risen sharply, so Tesla can sell 10% of its Bitcoin and realize considerable profits.</p><p><b>This impairment may be very substantial</b></p><p>In mid-May, Musk announced that they would halt plans by Bitcoin to pay for cars, given the worrying energy consumption in Bitcoin. For a time, many investors began to worry that Tesla would completely clear Bitcoin, forcing Musk to come out later to refute the rumor that Tesla had no plan to sell the remaining Bitcoin. Therefore, it may be assumed that Tesla still eats the remaining 90%, that is, 42,100 Bitcoin.</p><p>However, the total value of these Bitcoin is not comparable to what it was a few weeks ago. Bitcoin rose to an all-time high of $64,863 in mid-April, when Tesla's Bitcoin was once worth $2.73 billion, and unrealized gains reached around $1.36 billion, $150 million higher than at the end of the first quarter.</p><p>However, since then, the price of Bitcoin has dropped by more than 40%, and by noon on May 25th, it had dropped to about $38,000, while Tesla's unrealized gain of $1.36 billion once shrank to $378 million.</p><p>According to the first-quarter financial report, the \"existing value\" of Tesla's remaining Bitcoin is $1.331 billion, which means that on average, each one is worth $31,600. However, it should be pointed out that the average price is meaningless when calculating impairment. What's important is that in this quarter, the lowest price ever appeared in Bitcoin. Among Tesla's Bitcoin, any buying price higher than this price will be impaired.</p><p>So far, in the second quarter, the lowest point of Bitcoin price appeared on May 19th, at $30,682, while Tesla originally bought Bitcoin from January 1st to February 8th, with an average price of $31,600, which means that a considerable part of it must be higher than $30,682.</p><p>One of the simplest assumptions can be made, which is to split Tesla's 42,100 Bitcoin into two, half of which are purchased at a price of $29,500 and the other half is $33,700. In this case, that's more than half of the average price compared to the May 19 low, implying a corresponding impairment of $65 million in the second quarter.</p><p><b>That may seem modest, but it will embarrass the whole company and Musk — investors will feel that the once-seemingly successful Bitcoin investment is losing money.</b></p><p>To avoid this, Musk can only eat his word and sell some Bitcoin to fill the $65 million hole. Assuming that the Bitcoin price will remain at the level of $38,000, Musk needs to sell about 10,000 pieces to fill the hole.</p><p><b>Considering that Musk has now become a super weathervane figure in the currency circle,</b>A Tesla sell of this magnitude would certainly scare the owner's heart, leading to another dive in price. If Musk's sale makes Bitcoin price fall back to $25,000 in December last year, then Tesla will have a new impairment of $278 million. If it falls to $2, the impairment will reach $484 million-you know, not long ago, their theoretical profit was $1.3 billion.</p><p>Investors should remember that, in fact, Tesla actually suffered a pre-tax loss of $127 million in the past four quarters if the sales of carbon emission credits, which Musk himself admitted would decline or even disappear rapidly, were deducted.<b>This means that even if Tesla can continue to make profits by cars this year and in the next few years, this already low profit amount will be easily erased by the price drop in Bitcoin.</b></p>","source":"fenghuang_stock","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>Gambling on Bitcoin, Tesla's second-quarter profit will be hit hard?</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\">\nGambling on Bitcoin, Tesla's second-quarter profit will be hit hard?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-05-31 12:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Initially, the investment looked more like a reckless gamble, and now, with the virtual currency market utterly insane, it is even more unbearable. Earlier this year, Elon Musk will<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>$1.5 billion in cash invested in Bitcoin, and the world was shocked after the news broke. With the soaring price of virtual currency, the theoretical profit of Tesla's investment once exceeded $1.3 billion. Even after the recent plunge in Bitcoin price, the direct profit is still considerable.</p><p>However, this investment also has a huge negative impact that many financial media and Wall Street analysts have not noticed. Under the special accounting rules used by Tesla for its investment in Bitcoin, the company will likely be forced to include an \"impairment\" in its second-quarter earnings report-even if the investment as a whole still appears to be profitable.</p><p>If the Bitcoin price can still maintain the current level of about $38,000, the blow is not expected to be too big, but even so, in order to offset the book loss, Tesla needs to sell a considerable part of the Bitcoin it still eats, which will naturally lead to another round of blow to the Bitcoin price. If the price of Bitcoin falls below $30,000, Tesla's losses will be enough to wipe out the profits made by the company's other businesses in the quarter.</p><p><b>More importantly, this impairment will once again remind investors that Musk actually invested a large amount of money in an asset with super volatility, making the already risky Tesla stock even more risky.</b>At first, many investors thought that Musk's investment in Bitcoin was far-sighted, but now, people can only be more and more inclined to believe that Musk did something stupid and bought back a powder keg for the company.</p><p>The threat posed by Bitcoin has already been noticed by some observers. \"Many investors actually don't want Musk to be involved in virtual currency at all.\" Daniel Ives, an analyst at Wedbush Securities, commented, \"He should focus on vehicle production and delivery, the global trend of electric vehicles, and how to deal with the chip shortage crisis. However, too much of his energy is now invested in Bitcoin.\"</p><p><b>What investors are especially intolerable is that Musk's recent words and deeds on the issue of virtual currency have directly suppressed the value of the company's Bitcoin.</b>\"It's like lighting a fire to your own house,\" he commented. \"Bitcoin has become a dark cloud over the whole Tesla story, and all the trouble is on its own.\"</p><p>So why did Bitcoin accounting rules cause Tesla's second-quarter loss? If Bitcoin prices fall badly, how big are the losses likely?</p><p><b>Once substantial paper profits</b></p><p>On February 8th, Tesla disclosed in its annual report submitted to the CSRC that Tesla invested $1.5 billion in Bitcoin. However, the real disclosure of detailed data, such as how much they bought, the average buying price, the profit, etc., is still in the first quarter financial report.</p><p>According to the report, as of March 31st, Tesla had a total of $2.48 billion worth of Bitcoin. According to the closing price of $58,919 on that day, it can be roughly calculated that the number held by Tesla is about 42,100. From early February to the end of March, Tesla sold its 10% Bitcoin holdings worth $268 million, while the purchase price was $140 million, making a profit of $128 million. This means that, at its highest, Tesla once owned about 46,800 Bitcoin.</p><p>Combining the Bitcoin on Tesla's books and sold, the total value of their original holdings was once $2.748 billion. Based on the investment of $1.5 billion, Tesla's gains that have been and have not yet been realized exceeded $1.2 billion as of March 31st, which means that in eleven weeks, it has obtained a return on investment of more than 80%. Each Bitcoin they bought for an average of $32,000 ended the first quarter at nearly $59,000.</p><p><b>Accounting Rules That Are a Headache</b></p><p>At that time, the big gamble in Bitcoin really made people feel like a great success. After all, in the first quarter, Tesla's pre-tax profit by building and selling cars was only $15 million, excluding the sales of carbon emission points.</p><p>From this perspective, making the financial report look decent is almost entirely the credit of Bitcoin investment. However, the first quarter's financial report actually laid the foreshadowing that few people realized, which means that bigger problems may occur in the second quarter and more quarters in the future. Although Tesla has sold 10% of its Bitcoin investment and recorded a considerable profit, they will still be forced to include a \"impairment\" of $27 million in pre-tax earnings, which means that the net income will decrease from $128 million to $101 million.</p><p>In accordance with the Financial Accounting Standards Board (FASB),<b>Virtual currencies should be treated as \"intangible assets with indefinite maturity\"</b>Under this principle, enterprises can have a variety of ways to dispose of virtual assets in the balance sheet.</p><p>One option is to compare the original purchase price to \"existing value\" or \"fair value\" at the end of each quarter. This means that if the price of Bitcoin is lower than the purchase price of any part of Bitcoin on the books at the end of the second quarter, that is, June 30, they must be included in \"impairment\", which is equal to the difference between \"present value\" and \"fair market value\".</p><p>However, what Tesla adopts is obviously not the method of \"quarter-end comparison\", but the method of impairment at any time in the quarter. Specifically, if at any point in the quarter, the market price in Bitcoin falls below the buying price of any portion of their holdings in Bitcoin, they must immediately count for impairment. At the end of the quarter, they report all these impairments in the \"restructuring\" category.</p><p>Which means,<b>If some of Tesla's Bitcoin were bought at $35,000 after a sharp rise in early February, and on May 19th, the price in Bitcoin fell to $31,000, they would have to make a $4,000 write-down for each Bitcoin, but then, the price in Bitcoin rose again, and Tesla couldn't cancel these write-downs.</b></p><p><b>In other words, the impairment is permanent.</b>In fact, even if the market price in Bitcoin later rose sharply, far more than Tesla's cost, they couldn't count in the gains. Tesla can only cash in the profits when it finally sells these bitcoins. In bookkeeping, these Bitcoin always have only two values before they are sold, either the initial investment cost or the \"existing value\" after impairment.</p><p>In short, when the market price in Bitcoin falls below Tesla's bid for one or more pieces, the books will be included in the corresponding loss, but when the price rises above this \"existing value\", they can't be included in the gain unless they sell Bitcoin.</p><p>In fact, in the first quarter, part of Tesla's Bitcoin once fell below the initial buying price, resulting in an impairment of $27 million. However, most Bitcoin prices have risen sharply, so Tesla can sell 10% of its Bitcoin and realize considerable profits.</p><p><b>This impairment may be very substantial</b></p><p>In mid-May, Musk announced that they would halt plans by Bitcoin to pay for cars, given the worrying energy consumption in Bitcoin. For a time, many investors began to worry that Tesla would completely clear Bitcoin, forcing Musk to come out later to refute the rumor that Tesla had no plan to sell the remaining Bitcoin. Therefore, it may be assumed that Tesla still eats the remaining 90%, that is, 42,100 Bitcoin.</p><p>However, the total value of these Bitcoin is not comparable to what it was a few weeks ago. Bitcoin rose to an all-time high of $64,863 in mid-April, when Tesla's Bitcoin was once worth $2.73 billion, and unrealized gains reached around $1.36 billion, $150 million higher than at the end of the first quarter.</p><p>However, since then, the price of Bitcoin has dropped by more than 40%, and by noon on May 25th, it had dropped to about $38,000, while Tesla's unrealized gain of $1.36 billion once shrank to $378 million.</p><p>According to the first-quarter financial report, the \"existing value\" of Tesla's remaining Bitcoin is $1.331 billion, which means that on average, each one is worth $31,600. However, it should be pointed out that the average price is meaningless when calculating impairment. What's important is that in this quarter, the lowest price ever appeared in Bitcoin. Among Tesla's Bitcoin, any buying price higher than this price will be impaired.</p><p>So far, in the second quarter, the lowest point of Bitcoin price appeared on May 19th, at $30,682, while Tesla originally bought Bitcoin from January 1st to February 8th, with an average price of $31,600, which means that a considerable part of it must be higher than $30,682.</p><p>One of the simplest assumptions can be made, which is to split Tesla's 42,100 Bitcoin into two, half of which are purchased at a price of $29,500 and the other half is $33,700. In this case, that's more than half of the average price compared to the May 19 low, implying a corresponding impairment of $65 million in the second quarter.</p><p><b>That may seem modest, but it will embarrass the whole company and Musk — investors will feel that the once-seemingly successful Bitcoin investment is losing money.</b></p><p>To avoid this, Musk can only eat his word and sell some Bitcoin to fill the $65 million hole. Assuming that the Bitcoin price will remain at the level of $38,000, Musk needs to sell about 10,000 pieces to fill the hole.</p><p><b>Considering that Musk has now become a super weathervane figure in the currency circle,</b>A Tesla sell of this magnitude would certainly scare the owner's heart, leading to another dive in price. If Musk's sale makes Bitcoin price fall back to $25,000 in December last year, then Tesla will have a new impairment of $278 million. If it falls to $2, the impairment will reach $484 million-you know, not long ago, their theoretical profit was $1.3 billion.</p><p>Investors should remember that, in fact, Tesla actually suffered a pre-tax loss of $127 million in the past four quarters if the sales of carbon emission credits, which Musk himself admitted would decline or even disappear rapidly, were deducted.<b>This means that even if Tesla can continue to make profits by cars this year and in the next few years, this already low profit amount will be easily erased by the price drop in Bitcoin.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.ifeng.com/c/86goIZirm7j\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://d.ifengimg.com/w100_h62_q90/x0.ifengimg.com/ucms/2021_23/33A5B702A54BBB337E94EC5F1D128FBB5D492EE8_size50_w1280_h854.jpg","relate_stocks":{"CAN":"嘉楠科技","TSLA":"特斯拉","EBON":"亿邦国际"},"source_url":"https://finance.ifeng.com/c/86goIZirm7j","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139285436","content_text":"最初，这笔投资看上去就更像是鲁莽的赌博，而现在，在虚拟货币市场彻底疯狂的情况下，这笔投资就更加让人难以忍受了。今年早些时候，马斯克（Elon Musk）将特斯拉的15亿美元现金投入了比特币，消息传出后举世震惊。伴随虚拟货币价格飙涨，特斯拉的这笔投资，理论获利一度超过13亿美元，哪怕在比特币价格近期的大跌后，直面利润依然可观。可是，这笔投资也有一个巨大的负面影响，是许多财经媒体和华尔街分析师都没有注意到的。特斯拉对其比特币投资所使用的特殊会计规则之下，该公司很可能将被迫在第二季度财报中计入一笔“减值”（impairment）——哪怕这笔投资整体看来依然是赚的。如果比特币价格还能够保持当下大约3.8万美元的水平，打击预计将不算太大，但是即便如此，为了抵消账面损失，特斯拉也需要卖掉自己依然吃有的比特币当中的相当部分，而这自然会导致比特币价格再受一轮打击。如果比特币价格跌到3万美元之下，特斯拉因此所受到的损失就已经足够将公司其他业务当季获得的利润一笔抹杀。更重要的是，这笔减值会再度提醒投资者，马斯克当初竟然将大笔资金投入了一种波动超级剧烈的资产，让原本已经风险十足的特斯拉股票变得风险更加巨大了。想当初，许多投资者还觉得马斯克投资比特币是高瞻远瞩，但是现在，人们只能越来越倾向于认定，马斯克是干了一件傻事，自己给公司买回了一个火药桶。比特币造成的威胁，已经有一些观察家开始留意到了。“众多投资者其实根本就不希望马斯克卷入到虚拟货币里去。” Wedbush Securities 分析师艾维斯（Daniel Ives）评论道，“他应该专注于车辆生产和交付，全球电动汽车发展潮流，以及如何应对芯片短缺危机。可是，现在他的精力太多部分都投入了比特币。”投资者尤其无法容忍的是，马斯克在虚拟货币问题上的朝秦暮楚，近期的言行更是直接打压了公司吃有的比特币的价值。“这简直像是点火烧自己家的房子。”他评论道，“比特币已经成了整个特斯拉故事头顶的一朵乌云，所有的麻烦都是咎由自取。”那么，为什么比特币的会计规则会导致特斯拉第二季度遭受亏损？如果比特币价格下跌严重，亏损又可能有多大？曾经可观的纸面利润在2月8日，特斯拉在递交证监会的年报文件当中披露，特斯拉投资了15亿美元的比特币。不过，真正披露细节数据，如他们到底买进了多少，平均买入价格多少，利得多少等，还是在第一季度的财报当中。报告显示，截至3月31日，特斯拉总计拥有价值24.8亿美元的比特币，根据当日58919美元的收盘价格，可以大致算出特斯拉持有的数量是4.21万枚左右。从2月上旬到3月底，特斯拉售出了自己持有的10%比特币，价值2.68亿美元，而买进价格是1.4亿美元，获利1.28亿美元。这些也就意味着，在最多时，特斯拉曾经拥有大约4.68万枚比特币。将特斯拉账面上的，以及卖掉的比特币合计起来，他们当初持有的总价值一度是27.48亿美元。基于15亿美元的投入，特斯拉截至3月31日时已经和尚未兑现的利得超过了12亿美元，意味着十一周的时间里，就获得了80%以上的投资回报率。他们以平均3.2万美元购入的每一枚比特币，第一季度结束时价格已经接近5.9万美元。令人头痛的会计规则当时，比特币豪赌确实让人有大获成功之感，毕竟第一季度当中，不计碳排放积分销售，特斯拉靠着造车卖车实现的税前利润只有区区1500万美元。从这个角度来说，让财报显得体面几乎全部都是比特币投资的功劳。只是，第一季度的财报当中其实也埋下了少有人意识到的伏笔，意味着第二季度，以及未来更多季度可能会发生更大的问题。虽然特斯拉已经售出了10%的比特币投资，录得了可观的利润，但是他们依然将被迫计入2700万美元的税前盈利“减值”，这就意味着净所得从1.28亿美元减少到1.01亿美元。根据财务会计准则委员会（FASB）的规定，虚拟货币应该视为“期限不定的无形资产”，而在这一原则下，企业可以有多种在资产负债表当中处置虚拟资产的方法。一个选项是在每个季度结束时，将原始购买价格与“现存价值”或“公平值”相比。这也就意味着，如果比特币的价格在第二季度结束，也就是6月30日时低于账面上任何一部分比特币的买进价格，他们就必须计入“减值”，减记额度相当于“现存价值”与“公平市场价值”之间的差值。不过，特斯拉所采用的显然不是“季度末比较”的方法，而是季度当中随时减值的方法。具体来说就算会，一旦在季度当中的任何时刻，比特币的市场价格跌到了他们持有的任何一部分比特币的买进价格之下，他们就必须当即计入减值。在季度结束时，他们将这些全部的减值都统归到“重组”门类当中报告。这也就意味着，如果特斯拉的比特币当中有一部分是在2月初大涨后，以3.5万美元的价格买进的，而5月19日，比特币价格跌到了3.1万美元，他们就必须为每一枚比特币做出4000美元减记，但是之后，比特币价格重新涨回来，特斯拉也不能取消这些减记。换言之，减值是具有永久性的。事实上，哪怕比特币的市场价格后来大幅上涨，远远超过特斯拉付出的成本，他们也不能计入利得。特斯拉只有最终卖出这些比特币时，才能兑现利润。在簿记当中，这些比特币在卖出之前，永远只有两种价值，要么是初始投资成本，要么是减值之后的“现存价值”。简而言之，当比特币的市场价格跌到了特斯拉曾经购买一枚或者若干枚的出价之下，账面就会计入相应的亏损，但是当价格涨到这一“现存价值”之上时，他们除非卖掉比特币，否则就不能计入利得。事实上，在第一季度当中，特斯拉的一部分比特币就曾经跌到了最初的买价之下，导致了2700万美元的减值出现。只是，大多数比特币价格都是大涨的，特斯拉才能够卖出10%的比特币，实现了可观的利润。这次减值可能极可观5月中旬，马斯克宣布，考虑到比特币令人担心的能耗问题，他们将叫停比特币支付购车的计划。一时间，很多投资者都开始担心特斯拉会彻底出清比特币，迫使马斯克稍晚时出来辟谣说，特斯拉并没有卖掉余下比特币的计划。因此，不妨假定特斯拉目前依然吃有那余下的90%，即4.21万枚比特币。不过，这些比特币的总价值与几周之前相比已经不可同日而语了。4月中旬，比特币涨到了64863美元的历史最高点，当时特斯拉手中的比特币一度价值27.3亿美元，未兑现利得达到13.6亿美元左右，比第一季度结束时高出1.5亿美元。可是，从那之后，比特币价格下跌40%以上，至5月25日中午已经跌到了3.8万美元左右，而特斯拉一度13.6亿美元的未兑现利得，也缩水到了3.78亿美元。根据第一季度财报，特斯拉余下比特币的“现存价值”为13.31亿美元，这就意味着平均下来，每一枚价值3.16万美元。不过，需要指出的是，在计算减值时，平均价格是没有意义的。重要的是在这一季度当中，比特币曾经出现的最低价位，特斯拉持有的比特币当中，任何买入价格高于这一价位者，都将形成减值。迄今为止，第二季度当中，比特币价格的最低点出现在5月19日，为30682美元，而特斯拉当初是1月1日到2月8日期间购买的比特币，平均价格3.16万美元，这也就意味着，里面肯定有相当部分的价格是高于30682美元的。可以做一个最简单的假设，将特斯拉的这4.21万枚比特币一分为二，其中一半是以2.95万美元价格购入，另外一半是3.37万美元。在这只情况下，那超过平均价格的一半与5月19日低点相比，意味着第二季度的相应减值为6500万美元。这数字看上去确实不大，但是要命的是，这会让整个公司和马斯克受窘——投资者会觉得，那曾经似乎很成功的比特币投资竟然亏损了。要避免这种情况发生，马斯克只能自食其言，卖出一部分比特币，来填上6500万美元的窟窿。姑且假定比特币价格会一直维持3.8万美元的水平，那么马斯克要填上窟窿，就需要卖掉大约1万枚。考虑到马斯克目前已经成为了币圈的超级风向标人物，特斯拉如此规模的卖出肯定会让所有者心惊肉跳，导致价格的又一轮跳水。如果马斯克的卖出使得比特币价格跌回去年12月的2.5万美元，那么特斯拉又将因此出现2.78亿美元的新减值，若是跌到2美元，减值更将达到4.84亿美元——要知道，不久前，他们的理论利润还曾经有13亿美元。投资者应该记得，其实如果扣掉马斯克自己也承认会迅速下滑乃至消失的碳排放积分销售，特斯拉过去四个季度实际上是遭受了1.27亿美元的税前亏损。这也就意味着，哪怕特斯拉在今年和未来几年当中能够持续靠汽车实现盈利，这本就不高的盈利额度都会很轻松被比特币价格的下跌抹掉。","news_type":1,"symbols_score_info":{"EBON":0.9,"CAN":0.9,"XBTmain":0.9,"BTCmain":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4475,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568885585448254","authorId":"3568885585448254","name":"Yuyi","avatar":"https://static.tigerbbs.com/2c6eeb186816d2dcbffddfa79e1b8f21","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3568885585448254","idStr":"3568885585448254"},"content":"It should not be","text":"It should not be","html":"It should not be"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109317149,"gmtCreate":1619664368281,"gmtModify":1704727647023,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/109317149","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618906754,"share":"https://ttm.financial/m/news/1170908014?lang=en_US&edition=fundamental","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，","content":"<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></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>Reminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual</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\">\nReminder: A shares are closed for three days on May Day, and Hong Kong and US stocks trade as usual\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The May Day holiday is coming soon. It is worth mentioning that this year's May Day Labor Day will continue to take five consecutive days off. Regarding the arrangement of the May Day stock market, it is also the focus of investors' attention. Let's take a look at how many days the May Day stock market will be closed in 2021?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A shares:</b></p><p>The market will be closed from Saturday, May 1 to Wednesday, May 5, and will open as usual from Thursday, May 6.</p><p><b>Hong Kong stocks:</b></p><p>Trading as usual.</p><p><b>U.S. stocks:</b></p><p>Trading as usual.</p><p><b>UK shares:</b></p><p>May 3rd (Monday) is the traditional British holiday Bank holiday, and the British stock market is closed for one day</p><p><b>Singapore Market:</b></p><p>Trading as usual.</p><p><b>Australian Market:</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed from Saturday, May 1 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed from Thursday, April 29 to Wednesday, May 5 and open as usual from Thursday, May 6.</p><p>I wish you the most beautiful workers a happy May Day, peace and joy!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了，值得一提的是，今年五一劳动节继续连休五天。关于五一股市安排方面，也是投资者们关注的焦点，下面一起来看看2021年五一股市休市几天？A股：5月1日（周六）至5月5日（周三）休市，5月6日（周四）起照常开市。港股：照常交易。美股：照常交易。英股：5月3日（周一）为英国传统节日Bank holiday，英股休市一日新加坡市场：照常交易。澳大利亚市场：照常交易。沪股通、深股通：5月1日（周六）至5月5日（周三）关闭，5月6日（周四）起照常开通。港股通：4月29日（周四）至5月5日（周三）关闭，5月6日（周四）起照常开通。祝各位最美劳动者五一节日快乐，平安喜乐！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107256264,"gmtCreate":1620516669358,"gmtModify":1704344425169,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107256264","repostId":"2133685773","repostType":4,"repost":{"id":"2133685773","kind":"news","pubTimestamp":1620469680,"share":"https://ttm.financial/m/news/2133685773?lang=en_US&edition=fundamental","pubTime":"2021-05-08 18:28","market":"us","language":"zh","title":"Why is Buffett, the \"stock god\", questioned by shareholders?","url":"https://stock-news.laohu8.com/highlight/detail?id=2133685773","media":"新浪财经综合","summary":"巴菲特认为，如果在不确定，而且迅速采取行动阻止危险的可能性不大的情况下，就要求100%证明世界即将遭受巨大灾难是愚蠢的。巴菲特还提到，到目前为止，还未发生严重影响其保险业务所覆盖领域的极端气候事件。而巴菲特过去一直对独立董事会成员持批评态度。贝莱德认为，巴菲特在伯克希尔拥有强大的领导力和影响力，这种继任风险更大。","content":"<p>Source: ESG Asia Report</p><p>The pandemic has aroused the world's attention to sustainable development, and ESG investment has ushered in a new round of development opportunities.</p><p>With<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>Represented by the world's top investment institutions, who are increasingly confident in the long-term returns of sustainability investments, adopt the approach of \"corporate engagement and shareholder action\" to oversee the ESG practices of invested companies with the help of shareholders' rights while incorporating ESG factors into their proactive investment strategies.</p><p>This time, they turned their attention to Buffett's \"stock god\"<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Inc., questioning its ESG governance status.</p><p>At the recently concluded 2021 shareholder meeting, Berkshire shareholders presented two proposals to the board on ESG disclosure: one related to a report on climate-related risks and opportunities, and the other related to a report on employee diversity and inclusion initiatives.</p><p>As a Berkshire investor, BlackRock endorsed both proposals based on its high recognition of the concept of sustainable development.</p><p>But Berkshire's board, which has a majority of votes, voted unanimously against it, and neither shareholder proposal was passed.</p><p>The world's largest asset manager is at odds with the world's most prominent investment institution over ESG.</p><p><b>01. Berkshire shareholders: Insufficient disclosure of climate-related and diversified information</b></p><p>Climate change and diversity issues have received increasing attention in recent years.</p><p><b>Combating climate change has reached a global consensus</b></p><p>The market generally believes that climate events and the transition to a low-carbon economy pose systemic risks to global economic development. Many risks have come into play, affecting the value of companies in industries such as energy, transportation and chemicals.</p><p>Investors need to understand whether companies are prepared to deal with climate risks. Therefore, climate disclosure at the company level is essential.</p><p>The California Civil Service Retirement Fund (CalPERS), Hermes Investment Management, and Quebec Savings and Investment Group have jointly sponsored a proposal for a \"Climate-Related Risks and Opportunities Report\" amid concerns about insufficient climate-related disclosure in Berkshire.</p><p>Shareholders are asking Berkshire's board of directors to publish an annual report evaluating the company's climate-related risk management and clarifying physical and transformational risks and opportunities beginning in 2022.</p><p>Shareholders recommended that the report should include:</p><p>A summary of climate risks and opportunities of subsidiaries and investees, mainly based on information that the Board believes may be materially affected by or contribute significantly to climate change;</p><p>The Board's approach to overseeing and managing climate-related risks and opportunities;</p><p>Review the company's greenhouse gas emission reduction targets based on the 2℃ scenario.</p><p>To \"stimulate\" Berkshire, shareholders also talked about two rivals of Berkshire's BNSF Rail Transportation Company (<a href=\"https://laohu8.com/S/CSX\">CSX Transportation</a>Companies and<a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>Rail Freight Company) excellent practice in setting scientific carbon targets.</p><p><b>Numerous studies show that a diverse workforce can bring benefits to a company</b></p><p>In a research note, McKinsey noted that the top 25% of companies that outperform on gender diversity are 21% more profitable and 27% more likely to create exceptional value.</p><p>Foreign media research on the S&P 500 index found that between 2015 and 2019, the average annualized rate of return of stocks of the 20 companies with the best diversification performance was 5.8% higher than that of the worst 20 companies.</p><p>Despite these advantages, diverse and inclusive workforce building presents huge obstacles in reality.</p><p>Berkshire's performance on diversity has also worried shareholders.</p><p>Not only are there shortcomings in diversity disclosure, but many of Berkshire's subsidiaries have also been subjected to allegations of sexism and racism.</p><p>Berkshire shareholders seek quantitative, comparable data to understand the company's diversity, and the effectiveness of inclusion programs.</p><p>Handlery Hotels, through an agent, proposed to Berkshire that it issue annual reports assessing the company's diversity and inclusion progress, including:</p><p>The process by which the Board evaluates the effectiveness of diversity, equity and inclusion programs;</p><p>The Board's assessment of the implementation of inclusion programs, particularly metrics oversight regarding recruitment, promotion, and protection of special category employees.</p><p><b>02. Buffett: These proposals violate the company's concept of autonomy</b></p><p>Both Berkshire's board members voted against the two proposals, including Buffett, who has one-third of the votes.</p><p><b>Response to climate-related disclosure proposal</b></p><p>Berkshire's board of directors voted against it on the grounds that, while recognizing that managing climate-related risks in a responsible manner is essential to shareholders and operating the business, it does not want to interfere with the climate-related risk management of subsidiaries and invested companies.</p><p>The Board has seen many subsidiaries make wise decisions related to climate change, such as its railway transport companies and energy companies that have taken effective actions to reduce carbon emissions.</p><p>In terms of core insurance business, Buffett personally made an understanding of climate-related risks as early as the 2015 annual report. At the time, Berkshire also received relevant shareholder proposals.</p><p>Buffett wrote in his 2015 annual report: For him, because of a lack of professional background in climate science, climate change is \"highly likely\" to pose a major threat to the planet, rather than \"certain\".</p><p>Buffett believes that it is foolish to demand 100% proof that the world is about to suffer a great catastrophe when it is uncertain, and the likelihood of swift action to stop the danger is unlikely.</p><p>Buffett questioned that if the possibility of a major disaster on Earth is only one percent, and Noah's Ark is crucial to survival, should we start building it today in a clear sky?</p><p>Buffett also mentioned that so far, there have been no extreme weather events that have seriously affected the areas covered by his insurance business.</p><p>Buffett believes that Berkshire policy prices are typically reframed annually (rather than a ten-or twenty-year fixed price), and that if more frequent or more costly climate events occur, the Berkshire insurance business will instead be larger and more profitable due to higher policy prices.</p><p>Buffett teases that as an individual citizen, you may understandably be up at night due to climate change — as a homeowner in a low-lying area, you might as well consider moving; But climate change shouldn't be among your concerns when you're merely a shareholder in a large insurer.</p><p><b>Response to Diversified Information Disclosure Proposal</b></p><p>Faced with the proposal, Berkshire's board of directors said the company has built a workforce of diversity, equity and inclusion and will continue to be an important factor in the company's success and long-term sustainability.</p><p>But in the end, Berkshire's board voted unanimously against the employee diversity report proposal.</p><p>The reasons are: Berkshire operates in different industries in multiple geographies around the world, and it is unreasonable to require uniform quantitative reporting on diversity, fairness and inclusion; Furthermore, as in response to proposals regarding climate-related risk reporting, Berkshire manages the businesses it operates in a decentralized manner, with little involvement in the day-to-day activities of those businesses.</p><p><b>03. BlackRock believes that Berkshire's governance structure is risky</b></p><p>As a shareholder of Berkshire, BlackRock absolutely approves of the above two shareholder proposals based on its emphasis on sustainable investment.</p><p>BlackRock even noted that Berkshire also has risks in terms of its governance architecture.</p><p>BlackRock believes that the special committees under Berkshire's board of directors are inadequate, with only two currently (for remuneration and audit respectively).</p><p>BlackRock also believes that Berkshire has Buffett as chairman and CEO, but there is no chief independent director, which is not conducive to the board of directors making independent decisions and judgments.</p><p>Buffett has been critical of independent board members in the past.</p><p>In a 2020 letter to shareholders, Buffett said independent directors are paid hundreds of thousands of dollars a year for just a few days of work; They are not interested in the future of the company and are often biased in favor of management, who will agree with anything management wants.</p><p>In addition, BlackRock is concerned about succession planning for key leadership roles at Berkshire, which has not provided disclosures about how succession risks are addressed, such as regarding the board's review process of candidates.</p><p>BlackRock believes that Buffett has strong leadership and influence at Berkshire, and that such succession is riskier.</p><p>As for Berkshire's deficiencies in ESG governance, BlackRock blamed it on the dereliction of the company's audit committee.</p><p>So BlackRock voted no in a * vote for Berkshire's audit committee chair.</p><p>In a briefing on Berkshire's vote, BlackRock wrote: The company has not adapted to a world where ESG has become more important to performance.</p><p>It can be seen that BlackRock is full of concerns about Berkshire's future sustainable development resilience.</p><p>As the world's largest asset manager, BlackRock has $9 trillion in funds under management.</p><p>In 2021, in a letter to all shareholders, BlackRock Chairman and CEO Laurence D. Fink once again emphasized the long-term value of sustainability investments and made a sustainability commitment for the new year.</p><p>BlackRock recently announced that it has joined the Net Zero Asset Manager Initiative (Net Zero Asset Managers Initiative). Therefore, \"urging investment oversight to encourage companies whose clients invest to consider the opportunities presented by the net-zero transition while mitigating climate risks\" became an important action in BlackRock's sustainable investment plan.</p><p>Berkshire, one of the world's largest investment companies, recently confirmed Buffett's successor. In an interview with American financial media on Monday, Buffett, 91, admitted that directors unanimously agreed that Greg Abel, vice chairman of Berkshire's non-insurance business, would take over as CEO in the future.</p><p>It is not known whether Abel will transfer Berkshire's ESG management responsibilities to the group level after taking office to meet the increasingly strong ESG governance and disclosure needs of shareholders and investors.</p>","source":"tencent","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>Why is Buffett, the \"stock god\", questioned by shareholders?</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\">\nWhy is Buffett, the \"stock god\", questioned by shareholders?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经综合</strong><span class=\"h-time small\">2021-05-08 18:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Source: ESG Asia Report</p><p>The pandemic has aroused the world's attention to sustainable development, and ESG investment has ushered in a new round of development opportunities.</p><p>With<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>Represented by the world's top investment institutions, who are increasingly confident in the long-term returns of sustainability investments, adopt the approach of \"corporate engagement and shareholder action\" to oversee the ESG practices of invested companies with the help of shareholders' rights while incorporating ESG factors into their proactive investment strategies.</p><p>This time, they turned their attention to Buffett's \"stock god\"<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway Inc., questioning its ESG governance status.</p><p>At the recently concluded 2021 shareholder meeting, Berkshire shareholders presented two proposals to the board on ESG disclosure: one related to a report on climate-related risks and opportunities, and the other related to a report on employee diversity and inclusion initiatives.</p><p>As a Berkshire investor, BlackRock endorsed both proposals based on its high recognition of the concept of sustainable development.</p><p>But Berkshire's board, which has a majority of votes, voted unanimously against it, and neither shareholder proposal was passed.</p><p>The world's largest asset manager is at odds with the world's most prominent investment institution over ESG.</p><p><b>01. Berkshire shareholders: Insufficient disclosure of climate-related and diversified information</b></p><p>Climate change and diversity issues have received increasing attention in recent years.</p><p><b>Combating climate change has reached a global consensus</b></p><p>The market generally believes that climate events and the transition to a low-carbon economy pose systemic risks to global economic development. Many risks have come into play, affecting the value of companies in industries such as energy, transportation and chemicals.</p><p>Investors need to understand whether companies are prepared to deal with climate risks. Therefore, climate disclosure at the company level is essential.</p><p>The California Civil Service Retirement Fund (CalPERS), Hermes Investment Management, and Quebec Savings and Investment Group have jointly sponsored a proposal for a \"Climate-Related Risks and Opportunities Report\" amid concerns about insufficient climate-related disclosure in Berkshire.</p><p>Shareholders are asking Berkshire's board of directors to publish an annual report evaluating the company's climate-related risk management and clarifying physical and transformational risks and opportunities beginning in 2022.</p><p>Shareholders recommended that the report should include:</p><p>A summary of climate risks and opportunities of subsidiaries and investees, mainly based on information that the Board believes may be materially affected by or contribute significantly to climate change;</p><p>The Board's approach to overseeing and managing climate-related risks and opportunities;</p><p>Review the company's greenhouse gas emission reduction targets based on the 2℃ scenario.</p><p>To \"stimulate\" Berkshire, shareholders also talked about two rivals of Berkshire's BNSF Rail Transportation Company (<a href=\"https://laohu8.com/S/CSX\">CSX Transportation</a>Companies and<a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>Rail Freight Company) excellent practice in setting scientific carbon targets.</p><p><b>Numerous studies show that a diverse workforce can bring benefits to a company</b></p><p>In a research note, McKinsey noted that the top 25% of companies that outperform on gender diversity are 21% more profitable and 27% more likely to create exceptional value.</p><p>Foreign media research on the S&P 500 index found that between 2015 and 2019, the average annualized rate of return of stocks of the 20 companies with the best diversification performance was 5.8% higher than that of the worst 20 companies.</p><p>Despite these advantages, diverse and inclusive workforce building presents huge obstacles in reality.</p><p>Berkshire's performance on diversity has also worried shareholders.</p><p>Not only are there shortcomings in diversity disclosure, but many of Berkshire's subsidiaries have also been subjected to allegations of sexism and racism.</p><p>Berkshire shareholders seek quantitative, comparable data to understand the company's diversity, and the effectiveness of inclusion programs.</p><p>Handlery Hotels, through an agent, proposed to Berkshire that it issue annual reports assessing the company's diversity and inclusion progress, including:</p><p>The process by which the Board evaluates the effectiveness of diversity, equity and inclusion programs;</p><p>The Board's assessment of the implementation of inclusion programs, particularly metrics oversight regarding recruitment, promotion, and protection of special category employees.</p><p><b>02. Buffett: These proposals violate the company's concept of autonomy</b></p><p>Both Berkshire's board members voted against the two proposals, including Buffett, who has one-third of the votes.</p><p><b>Response to climate-related disclosure proposal</b></p><p>Berkshire's board of directors voted against it on the grounds that, while recognizing that managing climate-related risks in a responsible manner is essential to shareholders and operating the business, it does not want to interfere with the climate-related risk management of subsidiaries and invested companies.</p><p>The Board has seen many subsidiaries make wise decisions related to climate change, such as its railway transport companies and energy companies that have taken effective actions to reduce carbon emissions.</p><p>In terms of core insurance business, Buffett personally made an understanding of climate-related risks as early as the 2015 annual report. At the time, Berkshire also received relevant shareholder proposals.</p><p>Buffett wrote in his 2015 annual report: For him, because of a lack of professional background in climate science, climate change is \"highly likely\" to pose a major threat to the planet, rather than \"certain\".</p><p>Buffett believes that it is foolish to demand 100% proof that the world is about to suffer a great catastrophe when it is uncertain, and the likelihood of swift action to stop the danger is unlikely.</p><p>Buffett questioned that if the possibility of a major disaster on Earth is only one percent, and Noah's Ark is crucial to survival, should we start building it today in a clear sky?</p><p>Buffett also mentioned that so far, there have been no extreme weather events that have seriously affected the areas covered by his insurance business.</p><p>Buffett believes that Berkshire policy prices are typically reframed annually (rather than a ten-or twenty-year fixed price), and that if more frequent or more costly climate events occur, the Berkshire insurance business will instead be larger and more profitable due to higher policy prices.</p><p>Buffett teases that as an individual citizen, you may understandably be up at night due to climate change — as a homeowner in a low-lying area, you might as well consider moving; But climate change shouldn't be among your concerns when you're merely a shareholder in a large insurer.</p><p><b>Response to Diversified Information Disclosure Proposal</b></p><p>Faced with the proposal, Berkshire's board of directors said the company has built a workforce of diversity, equity and inclusion and will continue to be an important factor in the company's success and long-term sustainability.</p><p>But in the end, Berkshire's board voted unanimously against the employee diversity report proposal.</p><p>The reasons are: Berkshire operates in different industries in multiple geographies around the world, and it is unreasonable to require uniform quantitative reporting on diversity, fairness and inclusion; Furthermore, as in response to proposals regarding climate-related risk reporting, Berkshire manages the businesses it operates in a decentralized manner, with little involvement in the day-to-day activities of those businesses.</p><p><b>03. BlackRock believes that Berkshire's governance structure is risky</b></p><p>As a shareholder of Berkshire, BlackRock absolutely approves of the above two shareholder proposals based on its emphasis on sustainable investment.</p><p>BlackRock even noted that Berkshire also has risks in terms of its governance architecture.</p><p>BlackRock believes that the special committees under Berkshire's board of directors are inadequate, with only two currently (for remuneration and audit respectively).</p><p>BlackRock also believes that Berkshire has Buffett as chairman and CEO, but there is no chief independent director, which is not conducive to the board of directors making independent decisions and judgments.</p><p>Buffett has been critical of independent board members in the past.</p><p>In a 2020 letter to shareholders, Buffett said independent directors are paid hundreds of thousands of dollars a year for just a few days of work; They are not interested in the future of the company and are often biased in favor of management, who will agree with anything management wants.</p><p>In addition, BlackRock is concerned about succession planning for key leadership roles at Berkshire, which has not provided disclosures about how succession risks are addressed, such as regarding the board's review process of candidates.</p><p>BlackRock believes that Buffett has strong leadership and influence at Berkshire, and that such succession is riskier.</p><p>As for Berkshire's deficiencies in ESG governance, BlackRock blamed it on the dereliction of the company's audit committee.</p><p>So BlackRock voted no in a * vote for Berkshire's audit committee chair.</p><p>In a briefing on Berkshire's vote, BlackRock wrote: The company has not adapted to a world where ESG has become more important to performance.</p><p>It can be seen that BlackRock is full of concerns about Berkshire's future sustainable development resilience.</p><p>As the world's largest asset manager, BlackRock has $9 trillion in funds under management.</p><p>In 2021, in a letter to all shareholders, BlackRock Chairman and CEO Laurence D. Fink once again emphasized the long-term value of sustainability investments and made a sustainability commitment for the new year.</p><p>BlackRock recently announced that it has joined the Net Zero Asset Manager Initiative (Net Zero Asset Managers Initiative). Therefore, \"urging investment oversight to encourage companies whose clients invest to consider the opportunities presented by the net-zero transition while mitigating climate risks\" became an important action in BlackRock's sustainable investment plan.</p><p>Berkshire, one of the world's largest investment companies, recently confirmed Buffett's successor. In an interview with American financial media on Monday, Buffett, 91, admitted that directors unanimously agreed that Greg Abel, vice chairman of Berkshire's non-insurance business, would take over as CEO in the future.</p><p>It is not known whether Abel will transfer Berkshire's ESG management responsibilities to the group level after taking office to meet the increasingly strong ESG governance and disclosure needs of shareholders and investors.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210508182845774e23cb&s=b\">新浪财经综合</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1b9fef028787bba142fa31212ae49d2","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210508182845774e23cb&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2133685773","content_text":"来源：ESG亚洲报告\n疫情唤起了世界对可持续发展领域的关注，ESG投资迎来了新一轮的发展机遇。\n以贝莱德为代表的世界顶级投资机构对可持续发展投资的长期回报信心不断增强，在将ESG因素纳入主动投资策略的同时，采用“企业参与及股东行动（corporate engagement and shareholder action）”的方式，借助股东权利督导所投公司的ESG实践。\n这次，他们将注意力转向了“股神”巴菲特麾下的伯克希尔哈撒韦公司，对其ESG治理现状提出质疑。\n在近日结束的2021年股东大会上，伯克希尔股东们向董事会递交了两项有关ESG信息披露的提案：一项与气候相关风险和机遇的报告有关，另一项与员工多元化和包容性举措的报告有关。\n作为伯克希尔的投资者，贝莱德基于自身对可持续发展理念的高度认可，对两项提案均表示赞同。\n但拥有多数投票权的伯克希尔董事会却投出了一致的反对票，最终两项股东提案均没有获得通过。\n世界上最大的资产管理公司与世界上最著名的投资机构就ESG事宜发生分歧。\n01、伯克希尔股东：气候相关与多元化信息披露不足\n气候变化和多元化议题在近年来受到越来越多的重视。\n应对气候变化已经在全球范围内达成共识\n市场普遍认为，气候事件和向低碳经济的过渡会给全球经济发展带来系统性风险。诸多风险已经开始发挥作用，能源、交通、化工等行业的公司价值受到影响。\n投资者需要了解公司是否已经做好了应对气候风险的准备。因此，公司层面的气候信息披露至关重要。\n因对伯克希尔气候相关信息披露不足的担忧，加州公务员退休基金（CalPERS）、爱马仕投资管理公司、魁北克储蓄投资集团共同发起了“气候相关风险和机遇报告”的提案。\n股东们要求伯克希尔董事会从2022年开始，每年发布一份评估公司气候相关风险管理方式，以及阐明物理与转型风险及机遇的报告。\n股东们建议该报告应包括：\n子公司和被投公司的气候风险和机遇摘要，以董事会认为可能受到气候变化重大影响或对气候变化有重大贡献的信息为主；\n董事会监督和管理气候相关风险和机遇的方法；\n检视公司基于2℃情境下的温室气体减排目标。\n为“刺激”伯克希尔，股东们在提案中还谈及伯克希尔旗下BNSF铁路运输公司的两家竞争对手（CSX运输公司和联合太平洋铁路货运公司）在设定科学碳目标方面的优秀实践。\n大量研究表明，多元化的员工队伍可以给公司带来收益\n麦肯锡在一篇研究报告中指出，性别多元化方面表现优异的前25%的公司在盈利能力方面高出21%，在创造卓越价值方面的可能性高出27%。\n外媒对标普500指数的研究发现，2015-2019年间，多元化表现最好的20家公司，其股票的平均年化收益率比最差的20家公司高出5.8%。\n尽管有这些优势，多元化和包容性的员工队伍建设在现实中存在巨大障碍。\n伯克希尔在多元性方面的表现也让股东担忧。\n不仅在多元化信息披露方面存在不足，伯克希尔许多子公司还遭到了有关性别歧视和种族主义的指控。\n伯克希尔股东寻求量化，可比的数据以了解公司多元化情况，以及包容性计划的有效性。\n汉得利酒店（Handlery Hotels）通过代理人向伯克希尔提议，要求其每年发布报告，评估公司的多元化和包容性进展，包括：\n董事会评估多元化、公平性和包容性计划是否有效的过程；\n董事会对包容性计划执行的评估，特别是在招聘、晋升和特殊类别员工保护方面的指标监督。\n02、巴菲特：这些提案违背公司的自治理念\n面对这两项顺应时代发展的提案，伯克希尔董事会成员均投出了反对票，其中也包括拥有三分之一投票权的巴菲特。\n对气候相关信息披露提案的回应\n伯克希尔董事会投出反对票的理由是，虽然认识到以负责任的方式管理与气候相关的风险对股东和经营业务至关重要，但不希望干预子公司及所投公司的气候相关风险管理工作。\n董事会看到诸多子公司做出了与气候变化相关的明智决定，如旗下的铁路运输公司和能源公司都已经在碳减排方面采取了有效行动。\n而在核心保险业务方面，巴菲特早在2015年年报中，亲自做出了对气候相关风险的理解。当时，伯克希尔也收到了相关股东提案。\n巴菲特在2015年年报中在写道：对于他而言，由于缺乏气候科学的专业背景，气候变化“很有可能（highly likely）”对地球构成重大威胁，而不是“一定（certain）”。\n巴菲特认为，如果在不确定，而且迅速采取行动阻止危险的可能性不大的情况下，就要求100%证明世界即将遭受巨大灾难是愚蠢的（foolish）。\n巴菲特质疑，如果地球发生重大灾难的可能性只有百分之一，而诺亚方舟对于生存至关重要，难道要在晴空万里的今天，就开始建造它么？\n巴菲特还提到，到目前为止，还未发生严重影响其保险业务所覆盖领域的极端气候事件。\n巴菲特认为，伯克希尔保单价格通常每年都会重新制定一次（而不是十年或二十年的固定价格），如果发生更频繁或损失更大的气候事件，伯克希尔保险业务反而会因保单价格提高而规模更大、利润更高。\n巴菲特调侃道，作为个人公民，您可能会因气候变化彻夜难眠，这是可以理解的——作为低洼地区的房主，您不妨考虑搬家；但是，当您仅仅作为一家大型保险公司的股东时，气候变化就不应列入您的担忧之列。\n对多元化信息披露提案的回应\n面对该提案，伯克希尔董事会表示公司已经建立了多元性、公平性和包容性的员工队伍，并将继续成为公司成功和长期可持续发展的重要因素。\n但最终，伯克希尔董事会还是对员工多元化报告提案投出了一致的反对票。\n其理由是：伯克希尔在全球多个地域经营着不同行业，要求统一的多元化，公平性和包容性定量报告是不合理的；此外，正如对有关气候相关风险报告提案的回应那样，伯克希尔以非集中的方式管理其经营的业务，很少参与这些业务的日常活动。\n03、贝莱德认为伯克希尔治理架构存在风险\n作为伯克希尔的股东，贝莱德基于自身对可持续发展投资的重视，对以上两项股东提案是持绝对赞成意见的。\n贝莱德甚至指出，伯克希尔在治理架构方面也存在风险。\n贝莱德认为，伯克希尔董事会下设的专门委员会是不足的，目前只有两个（分别负责薪酬和审计）。\n贝莱德还认为，伯克希尔由巴菲特兼任董事长和CEO，却没有首席独立董事，这不利于董事会做出独立的决策和判断。\n而巴菲特过去一直对独立董事会成员持批评态度。\n在2020年致股东信中，巴菲特表示，独立董事每年只需工作几天就能获得数十万美元的报酬；他们对公司的未来并不感兴趣，而且经常偏向于管理层，管理层想要什么他们都会同意。\n此外，贝莱德对伯克希尔关键领导角色的继任计划感到担忧，伯克希尔未提供有关如何解决继任风险的信息披露，如有关董事会对候选人的审查过程等。\n贝莱德认为，巴菲特在伯克希尔拥有强大的领导力和影响力，这种继任风险更大。\n而就伯克希尔在ESG治理方面的不足，贝莱德将其归咎于公司审计委员会的失职。\n因此，贝莱德在伯克希尔审计委员会主席的连任投票中投出了反对票。\n贝莱德在一份关于伯克希尔投票决定的简报中写道：该公司没有适应一个ESG对业绩变得更加重要的世界。\n可见，贝莱德对伯克希尔未来的可持续发展韧性充满担忧。\n作为全球最大的资产管理公司，贝莱德管理的资金规模达到9万亿美元。\n2021年，贝莱德董事长及首席执行官劳伦斯·芬克（Laurence D． Fink）在致全体股东的信中，再次强调了可持续发展投资的长期价值，并做出了新一年的可持续发展承诺。\n贝莱德在近期宣布加入净零排放资产管理人倡议（Net Zero Asset Managers Initiative）。因此，“敦促投资督导鼓励客户投资的公司在缓解气候风险的同时，考虑零净转型带来的机遇”成为贝莱德可持续投资计划中的重要行动。\n而作为世界最大投资公司之一的伯克希尔，在近期确定了巴菲特的接班人。本周一在接受美国财经媒体采访时，91岁的巴菲特承认，董事们一致同意，未来将由伯克希尔非保险业务副董事长格雷格·阿贝尔（Greg Abel）接任CEO。\n不知道阿贝尔上任后，是否会将伯克希尔的ESG管理职责收归到集团层面，以满足股东和投资者日益强烈的ESG治理与披露需求。","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":3829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135935588,"gmtCreate":1622125519644,"gmtModify":1704179966337,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135935588","repostId":"1139893263","repostType":4,"repost":{"id":"1139893263","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621926753,"share":"https://ttm.financial/m/news/1139893263?lang=en_US&edition=fundamental","pubTime":"2021-05-25 15:12","market":"us","language":"zh","title":"Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1139893263","media":"老虎资讯综合","summary":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景","content":"<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></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>Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day</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\">\nReminder: U.S. stocks are closed for one day on May 31 due to Memorial Day\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-25 15:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139893263","content_text":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景简介：阵亡将士纪念日（Memorial Day）：是美国大多数州都要纪念的节日，时间原为5月30日，1971年以后，为保证联邦雇员都能享有这一休息日，许多州将它改在5月的最后一个星期一。美国南北战争中，无数将士在战火中阵亡。战争结束，南部许多家庭开始祭奠战争中阵亡的将士。他们不分南北双方，在春天向双方死者的墓地都奉献鲜花，北方人为此深受感动，将这一举动视为民族团结的象征。1868年，5月30日这一天被正式批准为向为保卫祖国而英勇牺牲的士兵们敬献鲜花的日子。每逢阵亡将士纪念日，美国现役军人和老战士便排成长长的队伍前往墓地，鸣枪向阵亡将士致意，吹响军中熄灯号让死难将士安息。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100680827,"gmtCreate":1619608630269,"gmtModify":1704726713794,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/100680827","repostId":"1198744380","repostType":4,"repost":{"id":"1198744380","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619608363,"share":"https://ttm.financial/m/news/1198744380?lang=en_US&edition=fundamental","pubTime":"2021-04-28 19:12","market":"us","language":"zh","title":"Shopify: Q1 Revenue of $989 Million Beats Market Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1198744380","media":"老虎资讯综合","summary":"4月28日，Shopify盘前发布财报，财报显示：第一季度营收9.89亿美元，市场预期8.65亿美元，去年同期4.7亿美元。第一季净利润12.58亿美元，去年同期录得净亏损3140万美元。第一季度每股","content":"<p>On April 28th, Shopify released its financial report before the market. The financial report showed that the revenue in the first quarter was $989 million, compared with the market expectation of $865 million and $470 million in the same period last year.</p><p>First Quarter Net Income<b>12.58</b>billion, and recorded a net loss of $31.4 million in the same period last year.</p><p>Earnings of $9.94 per share in the first quarter were on track for a loss of $0.08 compared to a loss of $0.27 in the year-ago quarter.</p><p>Monthly active users were 89.9 million in the first quarter, up 62% year over year.</p><p>Commodity transactions totaled $37.3 billion in the first quarter, compared with market expectations of $33.4 billion and $17.4 billion in the same period last year.</p><p>Shopify: Revenue is expected to continue to increase in 2021, but at a slower pace than in 2020. The company will vigorously reinvest in its own business.<img src=\"https://static.tigerbbs.com/b87d649c2efd58236b402fcca380eb30\" tg-width=\"858\" tg-height=\"734\" referrerpolicy=\"no-referrer\">After the release of the earnings report, Shopify rose by more than 4% before the market.</p><p><img src=\"https://static.tigerbbs.com/d9213e18c7e64f4dc57e456a5c156465\" tg-width=\"822\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></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>Shopify: Q1 Revenue of $989 Million Beats Market Estimates</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\">\nShopify: Q1 Revenue of $989 Million Beats Market Estimates\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-28 19:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 28th, Shopify released its financial report before the market. The financial report showed that the revenue in the first quarter was $989 million, compared with the market expectation of $865 million and $470 million in the same period last year.</p><p>First Quarter Net Income<b>12.58</b>billion, and recorded a net loss of $31.4 million in the same period last year.</p><p>Earnings of $9.94 per share in the first quarter were on track for a loss of $0.08 compared to a loss of $0.27 in the year-ago quarter.</p><p>Monthly active users were 89.9 million in the first quarter, up 62% year over year.</p><p>Commodity transactions totaled $37.3 billion in the first quarter, compared with market expectations of $33.4 billion and $17.4 billion in the same period last year.</p><p>Shopify: Revenue is expected to continue to increase in 2021, but at a slower pace than in 2020. The company will vigorously reinvest in its own business.<img src=\"https://static.tigerbbs.com/b87d649c2efd58236b402fcca380eb30\" tg-width=\"858\" tg-height=\"734\" referrerpolicy=\"no-referrer\">After the release of the earnings report, Shopify rose by more than 4% before the market.</p><p><img src=\"https://static.tigerbbs.com/d9213e18c7e64f4dc57e456a5c156465\" tg-width=\"822\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cfb238317ed883c3646ed92ac45ff11","relate_stocks":{"SHOP":"Shopify Inc"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198744380","content_text":"4月28日，Shopify盘前发布财报，财报显示：第一季度营收9.89亿美元，市场预期8.65亿美元，去年同期4.7亿美元。第一季净利润12.58亿美元，去年同期录得净亏损3140万美元。第一季度每股盈利9.94美元，市场预期亏损0.08美元，去年同期亏损0.27美元。第一季度月活为8990万，同比增长62%。第一季度商品交易总额373亿美元，市场预期334亿美元，去年同期174亿美元。Shopify：2021年预计营收将持续增加，但增速比2020年慢。公司将大力对自身业务进行再投资。财报发布后，Shopify盘前拉升涨超4%。","news_type":1,"symbols_score_info":{"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":1232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137612396,"gmtCreate":1622342746215,"gmtModify":1704183215371,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/137612396","repostId":"1105966910","repostType":4,"repost":{"id":"1105966910","kind":"news","pubTimestamp":1622288495,"share":"https://ttm.financial/m/news/1105966910?lang=en_US&edition=fundamental","pubTime":"2021-05-29 19:41","market":"sh","language":"zh","title":"Behind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored","url":"https://stock-news.laohu8.com/highlight/detail?id=1105966910","media":"天风证券","summary":"自5月11日MSCI公布调整信息至5月26日，被首次纳入MSCI指数的5只科创板个股获得了海外资金的增持。天风证券认为，相比于其余未被纳入MSCI指数的7只沪港通科创板个股，无论是外资持股数量的变动，","content":"<p>From May 11th, MSCI announced the adjustment information to May 26th, five science and technology innovation board stocks that were included in the MSCI index for the first time were increased by overseas funds.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>It is believed that compared with the other seven Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board stocks that are not included in the MSCI index, there are obvious leading advantages in both the change of the number of foreign shares and the change of the proportion of foreign shares in the circulating market value.</p><p><img src=\"https://static.tigerbbs.com/fe4e13e6396b62196d20e4485c27fe93\" tg-width=\"1080\" tg-height=\"484\" referrerpolicy=\"no-referrer\"></p><p><b>Large and medium market capitalization science and technology innovation board stocks continue to be favored by foreign investors.</b>In February this year, when FTSE Russell screened the stocks of Science and Technology Innovation Board to enter the FTSE Index, we mentioned that large and medium market capitalization stocks were more favored by foreign investors. This MSCI index adjustment validates this view again. The five stocks included in the MSCI index this time rank significantly higher in market value among all the stocks in Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board. among<a href=\"https://laohu8.com/S/688185\">CanSino</a>-U ranks second in the market value of Science and Technology Innovation Board with a market value of 101.143 billion yuan, while the market value of the other four stocks is also over 30 billion yuan.</p><p><b>The preference of foreign capital is consistent with the preference of domestic capital. Whether domestic public offering of funds is allocated is another indicator of whether foreign capital is optimistic</b>。 In addition to the top market capitalization of the science and technology innovation board stocks included in the MSCI index this time, Public Offering of Fund has made a significant increase in 21Q1 (except<a href=\"https://laohu8.com/S/688006\">Hangke Technology</a>), although some of these stocks<a href=\"https://laohu8.com/S/688002\">Ruichuang Micro Nano</a>、<a href=\"https://laohu8.com/S/688008\">Montage Technology</a>The performance declined in 21Q1, which also reflects the strong confidence of domestic and foreign investors in the above stocks.</p><p>In contrast, the rest of the science and technology innovation board stocks included in Shanghai-Shenzhen-Hong Kong Stock Connect, such as<a href=\"https://laohu8.com/S/688012\">China Micro Corporation</a>、<a href=\"https://laohu8.com/S/688122\">Western Superconducting</a>、<a href=\"https://laohu8.com/S/688139\">Haier Biotech</a>Although the performance growth rate improved in 21Q1, it was reduced by domestic public offering of funds in 21Q1 and was not included in the MSCI index.</p><p><img src=\"https://static.tigerbbs.com/9315c967204ef6b3e0500a9f16018013\" tg-width=\"1080\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><b>Tianfeng Securities suggests paying attention to the stocks that are optimistic about domestic capital in large and medium market capitalization but not included in Shanghai-Hong Kong Stock Connect.</b>Domestic stocks are prone to foreign attention, but stocks that are not included in Shanghai-Hong Kong Stock Connect are difficult to obtain foreign inflow. Therefore, stocks with large and medium market capitalization and Public Offering of Fund may be greatly increased by foreign capital after being included in Shanghai-Hong Kong Stock Connect, so we can focus on them.</p>","source":"lsy1580698218703","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>Behind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored</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\">\nBehind MSCI's first inclusion in the Science and Technology Innovation Board: Large and medium-cap stocks continue to be favored\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">天风证券</strong><span class=\"h-time small\">2021-05-29 19:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>From May 11th, MSCI announced the adjustment information to May 26th, five science and technology innovation board stocks that were included in the MSCI index for the first time were increased by overseas funds.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>It is believed that compared with the other seven Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board stocks that are not included in the MSCI index, there are obvious leading advantages in both the change of the number of foreign shares and the change of the proportion of foreign shares in the circulating market value.</p><p><img src=\"https://static.tigerbbs.com/fe4e13e6396b62196d20e4485c27fe93\" tg-width=\"1080\" tg-height=\"484\" referrerpolicy=\"no-referrer\"></p><p><b>Large and medium market capitalization science and technology innovation board stocks continue to be favored by foreign investors.</b>In February this year, when FTSE Russell screened the stocks of Science and Technology Innovation Board to enter the FTSE Index, we mentioned that large and medium market capitalization stocks were more favored by foreign investors. This MSCI index adjustment validates this view again. The five stocks included in the MSCI index this time rank significantly higher in market value among all the stocks in Shanghai-Hong Kong Stock Connect Science and Technology Innovation Board. among<a href=\"https://laohu8.com/S/688185\">CanSino</a>-U ranks second in the market value of Science and Technology Innovation Board with a market value of 101.143 billion yuan, while the market value of the other four stocks is also over 30 billion yuan.</p><p><b>The preference of foreign capital is consistent with the preference of domestic capital. Whether domestic public offering of funds is allocated is another indicator of whether foreign capital is optimistic</b>。 In addition to the top market capitalization of the science and technology innovation board stocks included in the MSCI index this time, Public Offering of Fund has made a significant increase in 21Q1 (except<a href=\"https://laohu8.com/S/688006\">Hangke Technology</a>), although some of these stocks<a href=\"https://laohu8.com/S/688002\">Ruichuang Micro Nano</a>、<a href=\"https://laohu8.com/S/688008\">Montage Technology</a>The performance declined in 21Q1, which also reflects the strong confidence of domestic and foreign investors in the above stocks.</p><p>In contrast, the rest of the science and technology innovation board stocks included in Shanghai-Shenzhen-Hong Kong Stock Connect, such as<a href=\"https://laohu8.com/S/688012\">China Micro Corporation</a>、<a href=\"https://laohu8.com/S/688122\">Western Superconducting</a>、<a href=\"https://laohu8.com/S/688139\">Haier Biotech</a>Although the performance growth rate improved in 21Q1, it was reduced by domestic public offering of funds in 21Q1 and was not included in the MSCI index.</p><p><img src=\"https://static.tigerbbs.com/9315c967204ef6b3e0500a9f16018013\" tg-width=\"1080\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><b>Tianfeng Securities suggests paying attention to the stocks that are optimistic about domestic capital in large and medium market capitalization but not included in Shanghai-Hong Kong Stock Connect.</b>Domestic stocks are prone to foreign attention, but stocks that are not included in Shanghai-Hong Kong Stock Connect are difficult to obtain foreign inflow. Therefore, stocks with large and medium market capitalization and Public Offering of Fund may be greatly increased by foreign capital after being included in Shanghai-Hong Kong Stock Connect, so we can focus on them.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.cls.cn/detail/756925\">天风证券</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3141822f6c407276b5caa913cbc72544","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cls.cn/detail/756925","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105966910","content_text":"自5月11日MSCI公布调整信息至5月26日，被首次纳入MSCI指数的5只科创板个股获得了海外资金的增持。天风证券认为，相比于其余未被纳入MSCI指数的7只沪港通科创板个股，无论是外资持股数量的变动，还是外资持股占流通市值比例的变动，都有明显的领先优势。\n\n大中市值科创板个股继续受外资青睐。在今年2月富时罗素筛选科创板个股进入富时指数时我们就提到，大中市值个股更受外资青睐。此次MSCI指数调整再次验证了该观点。此次纳入MSCI指数的5只个股在全部沪港通科创板个股中，市值排名明显靠前。其中康希诺-U以1011.43亿元市值居于科创板市值第2位，而其余4只个股市值也均在300亿以上。\n外资偏好与内资偏好具有一致性，内资公募基金是否加配是外资是否看好的另一指标。此次被纳入MSCI指数的科创板个股除了市值规模居前之外，公募基金在21Q1均进行了明显的加配（除杭可科技），尽管其中部分个股睿创微纳、澜起科技等业绩在21Q1有所下滑，这也反映出内外资对于上述个股的信心较强。\n对比之下，其余纳入沪深港通的科创板个股中，像中微公司、西部超导、海尔生物等，尽管在21Q1业绩增速有所改善，但在21Q1遭到内资公募基金的减持，也没有被纳入MSCI指数。\n\n天风证券建议关注大中市值中内资看好但未纳入沪港通的个股。内资偏好个股易受外资关注，但未被纳入沪港通的个股难以获得外资流入。因此，大中市值、公募基金加配的个股可能会在被纳入沪港通成分后，受到外资大幅增持，可以重点关注。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163671895,"gmtCreate":1623884900117,"gmtModify":1703822264980,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/163671895","repostId":"1146756294","repostType":4,"repost":{"id":"1146756294","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623856744,"share":"https://ttm.financial/m/news/1146756294?lang=en_US&edition=fundamental","pubTime":"2021-06-16 23:19","market":"us","language":"zh","title":"Some WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1146756294","media":"老虎资讯综合","summary":"6月16日，部分WSB概念股下行，AMC院线跌超10%，黑莓跌超8%，游戏驿站、ContextLogic跌超4%。","content":"<p>On June 16th, some WSB concept stocks went down,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>dropped by more than 10%,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>fell by more than 8%,<a href=\"https://laohu8.com/S/GME\">Game Station</a>、<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>It fell by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/dbeb078de2de6d1611ad66c88cca74b4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Some WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%</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\">\nSome WSB Concept Stocks Go Down, AMC Cinema Line Drops Over 10%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 23:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 16th, some WSB concept stocks went down,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>dropped by more than 10%,<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>fell by more than 8%,<a href=\"https://laohu8.com/S/GME\">Game Station</a>、<a href=\"https://laohu8.com/S/WISH\">ContextLogic</a>It fell by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/dbeb078de2de6d1611ad66c88cca74b4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","BB":"黑莓"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146756294","content_text":"6月16日，部分WSB概念股下行，AMC院线跌超10%，黑莓跌超8%，游戏驿站、ContextLogic跌超4%。","news_type":1,"symbols_score_info":{"GME":0.9,"BB":0.9,"AMC":0.9,"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":4972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371955792,"gmtCreate":1618905589616,"gmtModify":1704716647123,"author":{"id":"3579527905061704","authorId":"3579527905061704","name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579527905061704","idStr":"3579527905061704"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/371955792","repostId":"1141230089","repostType":4,"repost":{"id":"1141230089","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618904513,"share":"https://ttm.financial/m/news/1141230089?lang=en_US&edition=fundamental","pubTime":"2021-04-20 15:41","market":"other","language":"zh","title":"Bitcoin fell below $53,500/piece, falling more than 4% in the day","url":"https://stock-news.laohu8.com/highlight/detail?id=1141230089","media":"老虎资讯综合","summary":"比特币失守53500美元/枚，日内跌超4%。","content":"<p>Bitcoin fell to $53,500/piece, falling by more than 4% in the day.</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>Bitcoin fell below $53,500/piece, falling more than 4% in the day</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\">\nBitcoin fell below $53,500/piece, falling more than 4% in the day\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-20 15:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bitcoin fell to $53,500/piece, falling by more than 4% in the day.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/962be253ee7459c393769e9105cb1429","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141230089","content_text":"比特币失守53500美元/枚，日内跌超4%。","news_type":1,"symbols_score_info":{"BTCmain":0.9,"GBTC":0.9,"XBTmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}