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Carolyn93
2021-09-21
hehe nice
Carolyn93
2021-09-21
?I am new
Carolyn93
2021-05-17
?
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Carolyn93
2021-05-02
nice
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Carolyn93
2021-04-30
Tell me your opinion about this news...
21 brilliant quotes from legendary investor and polymath Charlie Munger
Carolyn93
2021-04-30
Nice trade
Go to Tiger App to see more news
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me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103587479","repostId":"1114554743","repostType":4,"repost":{"id":"1114554743","pubTimestamp":1619790825,"share":"https://ttm.financial/m/news/1114554743?lang=&edition=fundamental","pubTime":"2021-04-30 21:53","market":"us","language":"en","title":"21 brilliant quotes from legendary investor and polymath Charlie Munger","url":"https://stock-news.laohu8.com/highlight/detail?id=1114554743","media":"Yahoo","summary":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May","content":"<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p>\n<p>In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p>\n<p>While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p>\n<p>And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p>\n<p><b>On learning</b></p>\n<p>“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p>\n<p>\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p>\n<p>“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p>\n<p>“I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p>\n<p>“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p>\n<p>“Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p>\n<p><b>On investing and business:</b></p>\n<p>“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p>\n<p>“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p>\n<p>“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p>\n<p>“Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p>\n<p>“The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p>\n<p>“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p>\n<p>“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p>\n<p>\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p>\n<p>\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School</p>\n<p>“Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p>\n<p><b>On mental models and decision-making frameworks:</b></p>\n<p>“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p>\n<p>“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p>\n<p><b>On life:</b></p>\n<p>“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p>\n<p>\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p>\n<p>“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>21 brilliant quotes from legendary investor and polymath Charlie Munger</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\">\n21 brilliant quotes from legendary investor and polymath Charlie Munger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 21:53 GMT+8 <a href=https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114554743","content_text":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.\nIn a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.\nWhile Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”\nAnd so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:\nOn learning\n“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”—Poor Charlie's Almanack\n\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"—2021 Daily Journal AGM\n“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”—2007 USC Law School Commencement Address\n“I think that a life properly lived is just learn, learn, learn all the time.”—2017 Berkshire Hathaway Annual Meeting\n“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”—Poor Charlie's Almanack\n“Live within your income and save so that you can invest. Learn what you need to learn.”—Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger\nOn investing and business:\n“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”—Poor Charlie's Almanack\n“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —Worldly Wisdom by Charlie Munger 1995 - 1998\n“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM\n“Mimicking the herd invites regression to the mean (merely average performance).”—Poor Charlie's Almanack\n“The world is full of foolish gamblers and they will not do as well as the patient investors.”—2018 Weekly in Stocks interview\n“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”—Poor Charlie's Almanack\n“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —2021 Daily Journal AGM\n\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department\n\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School\n“Capitalism without failure is like religion without hell.” —Tao of Charlie Munger\nOn mental models and decision-making frameworks:\n“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”—2010 Berkshire Hathaway Annual Meeting\n“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —2020 CalTech Distinguished Alumni Award interview\nOn life:\n“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”—1997 Berkshire Hathaway Annual Meeting\n\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"—2007 USC Law School Commencement Address\n“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”—2019 CNBC interview","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103585731,"gmtCreate":1619793592323,"gmtModify":1704272500636,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"Nice trade","listText":"Nice trade","text":"Nice trade","images":[{"img":"https://static.tigerbbs.com/17af71e7e94294a2f9f532b11b60be26","width":"1125","height":"1918"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103585731","isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":103587479,"gmtCreate":1619793708191,"gmtModify":1704272502432,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103587479","repostId":"1114554743","repostType":4,"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192746437,"gmtCreate":1621234148529,"gmtModify":1704354373421,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192746437","repostId":"1199537372","repostType":4,"repost":{"id":"1199537372","pubTimestamp":1621220749,"share":"https://ttm.financial/m/news/1199537372?lang=&edition=fundamental","pubTime":"2021-05-17 11:05","market":"us","language":"en","title":"3 Reasons Not to Worry About a Stock Market Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1199537372","media":"fool","summary":"The stock market had some rough days this past week or so, due to an unexpectedly low jobs number an","content":"<p>The stock market had some rough days this past week or so, due to an unexpectedly low jobs number and an unexpectedly higher inflation report. A little volatility is nothing to worry about, but some experts suggest a larger, more sustainedcorrection could be looming, given the historically high valuations and other patterns following a major market drop like we had last year.</p><p>But the crash of 2020, when the market lost 33% of its value in about a month, reinforced some valuable investing lessons. Here are three good reasons not to worry about another stock market crash.</p><p>1. Patience will be rewarded</p><p>From Feb. 19, 2020, when the<b>S&P 500</b>closed at 3,386, to March 23, when it closed at 2,257, the market lost 33% of its value. That is a staggering drop and represented one of the steepest, fastest declines into a bear market in U.S. history. But it was also one of the shortestbear marketsever, as the market recovered its full value by Aug. 17, when it closed at 3,382. In less than six months, the losses had been erased -- and then some.</p><p>Just over a year later, as of May 13, 2021, the S&P 500 was at around 4,100. That's an 83% increase from the low on March 23, 2020. So, if you panicked and dumped stocks after that market meltdown, you would have not only locked in your losses, but also missed out on the gains that would have come with patience.</p><p>2. There are great buying opportunities</p><p>There's a famous saying by Warren Buffett that is oft repeated, and for good reason: Be fearful when others are greedy, and greedy when others are fearful. That's another way of saying: Look for opportunities to buy good companies when others are dumping stocks because that's when you will find the best deals. Take last March, for example --<b>Walt Disney</b>stock plummeted nearly 40% from Feb. 19 to March 23, when it hit a low of $85 per share.</p><p>Smart investors jumped onDisneystock when it was trading that low, because they knew the media and entertainment giant would bounce back in a big way. By November, it had gotten back to $140 per share, returning to where it was pre-crash. Disney stock is currently trading at around $171, which is double its bottom in March 2020.</p><p>Now, not all companies have come back as strong as Disney, so it is important to do your research. But when you see established market leaders like Disney drop, you should definitely view it as anopportunity, not a problem.</p><p>3. You're invested for the long term</p><p>When bear markets growl, it can be scary. But just like you would if you confronted a real bear in the wild, you walk away slowly and don't do anything rash. There is no point in reacting to a blip or a bear-size growl, because you should be investing for the long term.</p><p>Over the years, there have been numerous bear markets, categorized as market drops of 20% or more, and many more market corrections, a drop of 10% or more. Yet the S&P 500, through all the dips and turns, has had an average annual return of 8% over the past 30 years. Over the last 10 years, the benchmark has returned about 11.8% on an annualized basis through May 13. Some stocks, like Disney, which has had an annualized return of about 17% over the past 10 years, have done a lot better than the benchmark.</p><p>Market corrections can be hard on the nerves, but if you remember these three points, they are a lot less worrisome.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Not to Worry About a Stock Market Crash</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\">\n3 Reasons Not to Worry About a Stock Market Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 11:05 GMT+8 <a href=https://www.fool.com/investing/2021/05/16/3-reasons-not-to-worry-about-a-stock-market-crash/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market had some rough days this past week or so, due to an unexpectedly low jobs number and an unexpectedly higher inflation report. A little volatility is nothing to worry about, but some ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/16/3-reasons-not-to-worry-about-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/16/3-reasons-not-to-worry-about-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199537372","content_text":"The stock market had some rough days this past week or so, due to an unexpectedly low jobs number and an unexpectedly higher inflation report. A little volatility is nothing to worry about, but some experts suggest a larger, more sustainedcorrection could be looming, given the historically high valuations and other patterns following a major market drop like we had last year.But the crash of 2020, when the market lost 33% of its value in about a month, reinforced some valuable investing lessons. Here are three good reasons not to worry about another stock market crash.1. Patience will be rewardedFrom Feb. 19, 2020, when theS&P 500closed at 3,386, to March 23, when it closed at 2,257, the market lost 33% of its value. That is a staggering drop and represented one of the steepest, fastest declines into a bear market in U.S. history. But it was also one of the shortestbear marketsever, as the market recovered its full value by Aug. 17, when it closed at 3,382. In less than six months, the losses had been erased -- and then some.Just over a year later, as of May 13, 2021, the S&P 500 was at around 4,100. That's an 83% increase from the low on March 23, 2020. So, if you panicked and dumped stocks after that market meltdown, you would have not only locked in your losses, but also missed out on the gains that would have come with patience.2. There are great buying opportunitiesThere's a famous saying by Warren Buffett that is oft repeated, and for good reason: Be fearful when others are greedy, and greedy when others are fearful. That's another way of saying: Look for opportunities to buy good companies when others are dumping stocks because that's when you will find the best deals. Take last March, for example --Walt Disneystock plummeted nearly 40% from Feb. 19 to March 23, when it hit a low of $85 per share.Smart investors jumped onDisneystock when it was trading that low, because they knew the media and entertainment giant would bounce back in a big way. By November, it had gotten back to $140 per share, returning to where it was pre-crash. Disney stock is currently trading at around $171, which is double its bottom in March 2020.Now, not all companies have come back as strong as Disney, so it is important to do your research. But when you see established market leaders like Disney drop, you should definitely view it as anopportunity, not a problem.3. You're invested for the long termWhen bear markets growl, it can be scary. But just like you would if you confronted a real bear in the wild, you walk away slowly and don't do anything rash. There is no point in reacting to a blip or a bear-size growl, because you should be investing for the long term.Over the years, there have been numerous bear markets, categorized as market drops of 20% or more, and many more market corrections, a drop of 10% or more. Yet the S&P 500, through all the dips and turns, has had an average annual return of 8% over the past 30 years. Over the last 10 years, the benchmark has returned about 11.8% on an annualized basis through May 13. Some stocks, like Disney, which has had an annualized return of about 17% over the past 10 years, have done a lot better than the benchmark.Market corrections can be hard on the nerves, but if you remember these three points, they are a lot less worrisome.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860603734,"gmtCreate":1632160615228,"gmtModify":1676530714684,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"hehe nice","listText":"hehe nice","text":"hehe nice","images":[{"img":"https://static.tigerbbs.com/17b8eb36ecfaf08c30935c3c3353b955","width":"1125","height":"2130"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860603734","isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860603406,"gmtCreate":1632160549205,"gmtModify":1676530714676,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"?I am new","listText":"?I am new","text":"?I am new","images":[{"img":"https://static.tigerbbs.com/4c41725b57de1be1465721bb54f00aa2","width":"1125","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860603406","isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":101617365,"gmtCreate":1619906045657,"gmtModify":1704336112848,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101617365","repostId":"2131555528","repostType":4,"repost":{"id":"2131555528","pubTimestamp":1619761336,"share":"https://ttm.financial/m/news/2131555528?lang=&edition=fundamental","pubTime":"2021-04-30 13:42","market":"us","language":"en","title":"Analysis: BHP’s Mt. Arthur bind illustrates mining’s coal dilemma","url":"https://stock-news.laohu8.com/highlight/detail?id=2131555528","media":"Reuters","summary":"MELBOURNE (Reuters) - As BHP Group looks at options to spin off or sell its thermal coal assets, the","content":"<p>MELBOURNE (Reuters) - As BHP Group looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even before getting to the tough task of finding a buyer.</p><p>The world’s largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coalmine, its stake in a steel-making coal project with Japan's Mitsui and a stake in a thermal coal mine in Colombia.</p><p>Some large shareholders are pushing the miner toexit immediately while other investors want a slower exit, to ensure the mine is wound down responsibly.</p><p>How BHP, which faces about $1 billion in clean up costs at Mt. Arthur alone, divests could be a template for other miners,including Glencore Plc and Anglo American whoare also mulling ways to offload coal assets.</p><p>BHP spin-off <a href=\"https://laohu8.com/S/S32.AU\">South32</a> agreed this month to pay up toA$250 million ($194.70 million) to smooth the sale of its SouthAfrican thermal coal business, partly funding environmentalclean up costs over a decade.</p><p>\"The best thing that BHP could do is set a global precedentabout how to exit responsibly,\" said Tim Buckley, director ofAustrian think tank Institute for Energy Economics and FinancialAnalysis (IEEFA).</p><p>BHP said that it had rehabilitated more than 1,211hectares already at Mt. Arthur and that transparency was“fundamentally important” to any mine rehabilitation. It said itcould not speculate on the outcome of any potential divestmentof the Mt. Arthur asset.</p><p>BHP's exit from thermal coal would satisfy investment criteria laid down by Norway’s government pension fund, which owns about 5.58% of BHP’s London-listed arm.</p><p>It put BHP under observation for possible exclusion if itdid not address its use or production of coal last year beforeraising its stake after BHP announced divestment plans.</p><p>The Norwegian wealth fund declined comment.</p><p>MINING LICENCE SET TO EXPIRE</p><p>Shareholder proposals that press companies to exit fromfossil fuels without taking into account rehabilitation needs donot solve the problem, said Alison George at investment advisorRegnan, part of the <a href=\"https://laohu8.com/S/PDL.AU\">Pendal</a> Group which manages about A$97.4billion.</p><p>\"We have been concerned that (the proposals) really aren’t well targeted to address the system risk nor are they really likely to get the company to manage that risk better,\" she said.</p><p>BHP is considering smaller buyers and splitting the assets, with bids due in the next few weeks, said a banker familiar with the matter who declined to be identified as the information is not public.</p><p>While it would be a coup for a small company, BHP prefers abuyer that can sustain long term responsibilities, the bankeradded.</p><p>In 2016, Rio Tinto sold its Blair Athol mine inQueensland to coal junior <a href=\"https://laohu8.com/S/TER.AU\">Terracom</a> for A$1 along withproviding a rehabilitation fund of A$80 million.</p><p>The fund now stands at about A$50 million after the state government trimmed its rehabilitation requirements at Terracom's request and allowed Terracom to draw down A$27 million in exchange for an insurer's guarantee.</p><p>One stumbling block to a sale has been the expiration of BHP's mining licence, set for June 2026. BHP said in March it will apply to extend operations to 2045.</p><p>The miner wrote down its Mt. Arthur coal business by $1.2billion this year and took a smaller write-down on its Colombiacoal asset, Cerrejon.</p><p>A listing may also not garner the value that BHP desires,with recent coal IPOs attracting tepid demand in Australia. RBC recently valued any spin-off at $2.7 billion.</p><p>As part of any spin off, think tank IEEFA has proposedBHP set up a $1 billion sinking fund to cover futurerehabilitation liabilities.</p><p>That would see BHP maintain a controlling minority stake to prevent vulture funds stripping the fund or cashflow and with capital invested to reward shareholders with dividends and any land resale.</p><p>One institutional investor, who has been approached about the proposal via a third party, said the model carried high riskbecause it was untested and may not offer the security ofreturns his organization was looking for.</p><p>The competing shareholder pressures add to BHP's coalheadaches for a business that has become problematic for minersamid action by environmental activists and with banks andinsurers scaling back financing because of global warmingconcerns.</p><p>\"The question is, how do you ensure the clean up of the messthat you have created in a socially responsible way?\" said IEEFAdirector Buckley.</p>","source":"yahoofinance","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>Analysis: BHP’s Mt. Arthur bind illustrates mining’s coal dilemma</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\">\nAnalysis: BHP’s Mt. Arthur bind illustrates mining’s coal dilemma\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 13:42 GMT+8 <a href=https://finance.yahoo.com/news/analysis-bhp-mt-arthur-bind-045216501.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MELBOURNE (Reuters) - As BHP Group looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-bhp-mt-arthur-bind-045216501.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBL":"必和必拓","BHP":"必和必拓公司"},"source_url":"https://finance.yahoo.com/news/analysis-bhp-mt-arthur-bind-045216501.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2131555528","content_text":"MELBOURNE (Reuters) - As BHP Group looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even before getting to the tough task of finding a buyer.The world’s largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coalmine, its stake in a steel-making coal project with Japan's Mitsui and a stake in a thermal coal mine in Colombia.Some large shareholders are pushing the miner toexit immediately while other investors want a slower exit, to ensure the mine is wound down responsibly.How BHP, which faces about $1 billion in clean up costs at Mt. Arthur alone, divests could be a template for other miners,including Glencore Plc and Anglo American whoare also mulling ways to offload coal assets.BHP spin-off South32 agreed this month to pay up toA$250 million ($194.70 million) to smooth the sale of its SouthAfrican thermal coal business, partly funding environmentalclean up costs over a decade.\"The best thing that BHP could do is set a global precedentabout how to exit responsibly,\" said Tim Buckley, director ofAustrian think tank Institute for Energy Economics and FinancialAnalysis (IEEFA).BHP said that it had rehabilitated more than 1,211hectares already at Mt. Arthur and that transparency was“fundamentally important” to any mine rehabilitation. It said itcould not speculate on the outcome of any potential divestmentof the Mt. Arthur asset.BHP's exit from thermal coal would satisfy investment criteria laid down by Norway’s government pension fund, which owns about 5.58% of BHP’s London-listed arm.It put BHP under observation for possible exclusion if itdid not address its use or production of coal last year beforeraising its stake after BHP announced divestment plans.The Norwegian wealth fund declined comment.MINING LICENCE SET TO EXPIREShareholder proposals that press companies to exit fromfossil fuels without taking into account rehabilitation needs donot solve the problem, said Alison George at investment advisorRegnan, part of the Pendal Group which manages about A$97.4billion.\"We have been concerned that (the proposals) really aren’t well targeted to address the system risk nor are they really likely to get the company to manage that risk better,\" she said.BHP is considering smaller buyers and splitting the assets, with bids due in the next few weeks, said a banker familiar with the matter who declined to be identified as the information is not public.While it would be a coup for a small company, BHP prefers abuyer that can sustain long term responsibilities, the bankeradded.In 2016, Rio Tinto sold its Blair Athol mine inQueensland to coal junior Terracom for A$1 along withproviding a rehabilitation fund of A$80 million.The fund now stands at about A$50 million after the state government trimmed its rehabilitation requirements at Terracom's request and allowed Terracom to draw down A$27 million in exchange for an insurer's guarantee.One stumbling block to a sale has been the expiration of BHP's mining licence, set for June 2026. BHP said in March it will apply to extend operations to 2045.The miner wrote down its Mt. Arthur coal business by $1.2billion this year and took a smaller write-down on its Colombiacoal asset, Cerrejon.A listing may also not garner the value that BHP desires,with recent coal IPOs attracting tepid demand in Australia. RBC recently valued any spin-off at $2.7 billion.As part of any spin off, think tank IEEFA has proposedBHP set up a $1 billion sinking fund to cover futurerehabilitation liabilities.That would see BHP maintain a controlling minority stake to prevent vulture funds stripping the fund or cashflow and with capital invested to reward shareholders with dividends and any land resale.One institutional investor, who has been approached about the proposal via a third party, said the model carried high riskbecause it was untested and may not offer the security ofreturns his organization was looking for.The competing shareholder pressures add to BHP's coalheadaches for a business that has become problematic for minersamid action by environmental activists and with banks andinsurers scaling back financing because of global warmingconcerns.\"The question is, how do you ensure the clean up of the messthat you have created in a socially responsible way?\" said IEEFAdirector Buckley.","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103585731,"gmtCreate":1619793592323,"gmtModify":1704272500636,"author":{"id":"3582887233283721","authorId":"3582887233283721","name":"Carolyn93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582887233283721","authorIdStr":"3582887233283721"},"themes":[],"htmlText":"Nice trade","listText":"Nice trade","text":"Nice trade","images":[{"img":"https://static.tigerbbs.com/17af71e7e94294a2f9f532b11b60be26","width":"1125","height":"1918"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103585731","isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}
