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# What If You Copied Warren Buffett's Homework Ten Years Ago and Bought BYD?
Suppose there was a retail investor who truly believed in Buffett's investment philosophy.
In early 2016, he saw BYD in Buffett's holdings. Although BYD paid almost no dividends and had a dividend yield close to zero, with a P/E ratio of 50x and stock price around 64 yuan, many people thought it was too expensive to touch. But he chose to trust Buffett.
So he took out 100,000 yuan and bought 1,600 shares at 64 yuan per share.
Over the next four years, the market seemed to work against him. The stock price remained fla

Insane! I just saw this hardcore open-source project from a foreign developer!!
Have you ever thought about what your computer could do if the entire internet disappeared in an instant?
Someone just open-sourced a offline survival package.
Project N.O.M.A.D.
Even if every network cable gets pulled, it still runs.
What's packed inside is foundational data of human civilization——
Complete Wikipedia, global offline maps, comprehensive medical reference guides.
5000 years of human civilization, Khan Academy's complete course library, all crammed in.
And it even has a fully locally-running AI assis

1. Dismissing what you think you understand is not risk mitigation; true risk stems from blind spots in your knowledge. Managing unpredictable unknowns is the real form of risk mitigation (the former is like animals foraging in the wild). The difference between these two is as vast as a chasm, and naturally leads to completely opposite outcomes.
2. When you begin automatically lowering your return requirements, investment maturity begins. Small capital with large profits yields modest gains; large capital with small profits yields substantial gains. Lowering return requirements maintains stabi

# Beginner's Guide!! Understanding the Fed Dot Plot!!
But don't treat it as a trading signal.
Many short-term traders fixate on the Fed dot plot, desperately seeking clear answers on rate hikes or cuts, trying to gamble on short-term asset movements based on it. But this is fundamentally a misunderstanding of the tool itself.
The Fed dot plot is essentially a summary of anonymous expectation votes from FOMC decision committee members on federal funds rates across different time horizons.
Each dot represents one committee member's view of a reasonable rate level; the entire chart presents the c

Hey guys, I found a really solid open-source project that specifically teaches you how to do vibe coding. It already has over 15,000 stars on GitHub.
The most interesting thing about this project is that it uses a philosophical framework to explain programming, broken down into four levels: Tao, Method, Technique, and Tool.
Tao is about thinking clearly about what you want to do first, ensuring each step has a clear direction.
Method covers architecture-level stuff—modules should be independent, interfaces should come first, and the overall structure should be clear.
Technique focuses on the d

One Image to Understand How Mainland Players Can Quickly Get a Hong Kong Phone Number (Recommended to Save)
Hong Kong cards can not only bypass exchange bans on +86 numbers,
but also operate including US stocks, crypto, KYC, new project airdrop accounts essential,
and can easily unlock geographically restricted services like OpenAI/Claude/X/YouTube
👇👇👇

# Trump Earned Nearly $10 Billion
The position of U.S. President is not only the center of global power, but also the center of global wealth.
In recent days, *Forbes* released its annual global billionaire list.
The results shocked everyone. Trump, who has been plagued by lawsuits and even rumored to be facing bankruptcy, is not only not broke—he's become incredibly wealthy.
In the year he became president, his personal net worth jumped directly from $5.1 billion to $6.5 billion.
Breaking it down, he earned a net of $1.4 billion in one year (approximately 9.655 billion yuan).
So where did thi

# Explosive! Meta Starts Laying Off Programmers, But What's Really Terrifying Isn't the Layoffs
These past few days, a bombshell hit the tech world. Meta is preparing to lay off 20% of its workforce—close to 15,000 people.
The company is pouring money into AI, so it needs to cut labor costs.
In plain language: replace humans with machines.
This layoff is completely different from the past. Previously, layoffs happened because the economy was bad.
Now, layoffs are happening because AI is too powerful. I remember just a few years ago, everyone unanimously believed that AI's impact on employment

Regarding cryptocurrency players, secure fund withdrawal and unrestricted US stock investment, the fastest cross-border card method is still the "Hong Kong card." I've specially compiled a comparison chart of account opening conditions, required documents, and fees for Hong Kong's nine major banks.

# The Seven Levels of Trading Awakening: From Gambler to Awakened Trader, Which Level Are You Stuck On?
Brothers, after soaking in the red and green ocean of K-lines for long enough, you'll discover that trading has never been a game of getting rich quick through one perfect prediction. It's an awakening journey of breaking through layers and inner cultivation.
The seven levels in this chart represent the real transformation trajectory of countless traders from "betting on luck whether prices go up or down" to "stable profits without panic."
## Level 1: Guessing Direction — The Beginner's Game

Comparing Warren Buffett and Duan Yongping's Holdings—Nearly 8 Percentage Points Difference in Returns?
The latest holding data for Warren Buffett and Duan Yongping is fascinating! Buffett's portfolio gained 11.72% over the past year, while Duan Yongping surged to 19.43%, with a gap of nearly 8 percentage points.
In terms of portfolio structure, both heavily concentrate in Apple, but the proportions differ significantly: Buffett only holds 22.69%, while Duan Yongping allocates over 60%, essentially betting almost everything on Apple. Buffett continues to hold classic positions like Coca-Cola a

# Books Recommended by Warren Buffett (Worth Reading Repeatedly, with Brief Reviews)
**Rating: Must-Read Classics for Investing 💎**
- *The Intelligent Investor* — Just read it
- *Security Analysis* — The foundational work of security analysis
- *Common Sense on Mutual Funds* — Essential reading for fund investors
- *Warren Buffett's Letters to Partners (Original Text)* — Two words: must read
- *The Wealth of Nations* — Difficult but essential reading
- *How to Pick Growth Stocks* — The underlying logic of Buffett's mid-to-late career investments
**Five-Star Rating: ⭐⭐⭐⭐⭐**
- *Berkshire Hathaw

Dan Bin said that the fundamental rules of the US stock market have never changed. Almost every year, there is a decline of more than 10%, which is a normal part of market operation rather than the end of risk. Looking back over the past three years: in August 2024, the yen interest rate hike triggered a capital outflow, causing US stocks to adjust accordingly; in March and April 2025, escalating trade frictions led to panic selling and a drop in the indices; in February and March 2026, increased geopolitical conflicts in the Middle East once again stirred market turbulence. Although the cause

Even good companies should be bought at low P/E ratios. Warren Buffett teaches us to patiently wait for cheap good companies and not chase prices higher.
P/E ratios at entry for Buffett's classic investment cases:
1. 1972 See's Candies: 11.9x
2. 1973 Washington Post: 11.9x
3. 1980 GEICO: approximately 5x
4. 1985 Capital Cities/ABC: 14.4x
5. 1988 Coca-Cola: 13.7x
6. 1990 Wells Fargo: 4.3–6x
7. 2003 PetroChina (H shares): 5x
8. 2008 BYD: 10.2x
9. 2008 Goldman Sachs: 7x
10. 2011 IBM: 13.5x
11. 2016 Apple: 14.7x

2026 Global GDP Ranking Released!
The United States leads by a landslide with $31.8 trillion, its advantage remains absurdly large;
China firmly holds the second position with $20.7 trillion, and the gap with the top spot remains the most notable aspect globally.
Looking at the second tier, India has surpassed Germany to rank fourth, the rise of emerging markets is visible to the naked eye. Germany, Japan, UK, and France remain in the leading positions, while Russia, Canada, and Brazil have maintained their foothold in the first tier.

Collection of domestically developed lobsters, share your experiences if you've used them:
Dark Side of the Moon KimiClaw: One of the earliest domestically developed lobsters, requires purchasing the Kimi membership for 199 RMB/month. I am currently using this one, honestly it's quite average, planning to find a replacement.
MiniMax MaxClaw: Launched last week, offers 50G cloud storage and direct connection to Feishu/other domestic ecosystems, priced at 39/119 RMB per month depending on the plan. MiniMax claims to be the most suitable domestic large model for use on claw, I might switch over.

It's been 9 days now. During these 9 days, there has been a lot of information, many false reports, but one basic fact remains unchanged:
1. Iran is not that weak;
2. The US is not that strong.
As for how many US military bases in the Middle East have been destroyed, or how much of Israel and Iran's mainland has been bombed, those are no longer important. The most crucial point is that failing to take Iran in 9 days is a failure in itself. The longer it drags on, the more likely it is to be exposed.
Actually, since the 9 days, the intensity of the war has decreased; both sides' bombings are le

Nice! Recently got a Mac mini base model, paired with that vintage docking station, and this setup feels really awesome. I couldn't help but show it off a bit.
The 16G + 256G budget Mac mini is now basically a lobster farming station.
Running 24/7 in low power mode, raising some small lobsters (running small models and automation tasks), maximizing cost performance.
Paired with the Wokyis M5 dock that looks like a Macintosh, both looks and functions are top-notch. The 256G storage anxiety is also solved, and the desktop looks better too.
About the Mac mini lobster farming setup:
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