Good evening, brothers!
Buffett says that the principle that Berkshire has always adhered to is: never take the risk of permanent loss. Thanks to the prosperity of the American economy and the power of compound interest, if you make a few right decisions in your life and avoid serious mistakes, you will inevitably be rewarded. For a long time, the amount of cash and U.S. Treasury bonds held by Berkshire has far exceeded the levels considered necessary by traditional views.
Exceeding the necessary level means an extremely abundant margin of safety. Berkshire's extreme financial conservatism gives Buffett reason to believe that Berkshire is fully capable of coping with unprecedented financial crises. When economic turmoil occurs, Berkshire's goal is to assist the country in "putting out fires," rather than becoming one of the many companies that unintentionally or intentionally "ignite" them. Throughout Buffett's annual letters to shareholders, there is always a sense of "risk prevention" woven into the text.
In my view, the attitude towards leverage should be as resolute as officials' attitude towards bribery: it must firmly eliminate the "first time." Many people have a lucky mentality: just this once, it won't happen again. In fact, once there is a first time, there will definitely be a second, third, and countless times, until liquidation, with hardly any exceptions. Cautious borrowing and avoiding leverage is actually what Buffett refers to as his not-so-secret weapon, and it is also the cornerstone of Berkshire's enduring success.
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From real estate giant to "crypto circle" pioneer: How Eric Trump, the son of former U.S. President Trump, leads the family into the crypto world?
For Eric Trump, who once called himself a "bricks and mortar person," diving into the abstract world of cryptocurrency seems unimaginable. However, according to a recent exclusive interview with The Wall Street Journal, it was a "decoupling" from the traditional financial system that prompted him to become the core evangelist and helmsman of the Trump family's crypto venture.
In the interview, Eric Trump revealed that the catalyst for this shift was the "debanking" crisis that the family business encountered in early 2021.
BTC: On the 4-hour level, the price has retraced to the lower Bollinger Band, and the short-term market is oversold, indicating a demand for a rebound.
On the daily level, the price has fallen below the moving average support and is still being suppressed by multiple moving averages, showing a weak price trend.
In summary, the support level is 110900, and the resistance level is 111300.
ETH: On the 4-hour level, the price has fallen below the middle Bollinger Band, showing a weak price trend, with a support level of 4540 and a resistance level of 4570.
LTC: The price has fallen below the lower Bollinger Band, showing a weak price trend, with a support level of 108 and a resistance level of 112.
BCH: The price has retraced to near the lower Bollinger Band, showing a weak price trend, with a short-term market demand for a weak rebound, a support level of 550, and a resistance level of 570.
That's all for now, good night!
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