Visa and Mastercard’s business model, value, and scale, and their only risk

Visa and Mastercard Credit Card Network are two companies that are rare in the business world and have a business model that hardly needs to bear losses. The reason is that the two companies, Visa and Mastercard Credit Card Network, do not issue credit cards themselves, but are issued by member banks that have joined the Visa and Mastercard Credit Card Network.

Nvidia Huang stock recommendations are extremely inappropriate

Huang stock recommendation of any specific stocks is extremely inappropriate. But expressing industry views does not mean recommending individual stocks. These are two different things. All prudent business leaders should avoid it. Have you ever heard Buffett publicly recommend a particular stock? To my recollection, zero.

The role Morris Chang play during TSMC establishment?

On February 1, 1987, he organized the TSMC, a joint venture between Philips of the Netherlands and ITRI, and served as Chairman and President (CEO). According to Morris Chang, when he was developing the foundry model, he invited Intel to become a shareholder, but Intel always insisted on IDM and was not taken seriously.

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