Good evening, brothers!

When Buffett bought The Washington Post in 1973, the company's intrinsic value was between $400 million and $500 million, but the market price at that time was only $80 million, essentially equivalent to a 20% discount. In such a case, can we expect an immediate rise after the purchase?

Not necessarily. The stock was already undervalued, but unexpectedly, a year later, the "wise" Mr. Market not only failed to push its price towards a return to value but also caused it to continue to plummet by a quarter. If there had been the internet back then, I believe irrational netizens would not have shown any mercy towards Buffett.

For individual stocks, being further undervalued after being undervalued is a norm. Otherwise, how could we say Mr. Market is "crazy"? Therefore, we should not use short-term funds to participate in stock investments, nor should we "single out" a single stock. These principles may seem like simple common sense, but they are indeed ironclad rules of investing.

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After implementing a rate cut of more than one percentage point, officials from the U.S. Federal Reserve are facing a tricky question: Where is the endpoint of policy easing?

This divergence is evolving into an unusually public debate, not only concerning whether there will be another rate cut next week but also regarding the direction of future policies. Federal Reserve Chairman Jerome Powell has acknowledged that there are "strongly differing views" within the committee on how to balance the two major goals of stabilizing prices and maximizing employment.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the short-term market is overbought, so it may be appropriate to reduce positions and take profits on some.

On the daily level, the price continues to be constrained by the 30-day moving average, with limited rebound space.

In summary, the support level is 92800, and the resistance level is 93200.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy. The short-term market is overbought, so it may be appropriate to reduce positions and take profits on some, with a support level of 3050 and a resistance level of 3070.

LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy. The short-term market is overbought, so it may be appropriate to reduce positions and take profits on some.

BCH: The price continues to stay near the upper band of the Bollinger Bands, and the price trend is strong. The short-term market is overbought, so it may be appropriate to reduce positions and take profits on some, with a support level of 570 and a resistance level of 600.

That's all for now, good night!

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