Andy Lin's Long-term Stock Investment Blog
Andy Lin's US Growth Stocks Long-term Investment
In 1933, during the Great Depression, Congress passed the Glass-Steagall Act, prohibiting firms from providing both commercial and investment banking services.
The Morgan empire was thus split into two: the old Morgan Stanley and Morgan Bank. Morgan Bank later merged with Chase Bank to become today’s JPMorgan Chase.
Morris Chang refuted by Yeh, After Yeh Wan-an’s short article was published, many friends who participated in and were familiar with TSMC’s founding process called and even wrote to support my argument. This suggests that many people are dissatisfied with Morris Chang’s claim that the government was “reluctant” to invest in TSMC and believe it is unfair.
The advantages to avoid failure: Learning to avoid failure and mistake, avoid areas beyond your capabilities, avoid mistake of omission.
To follow what others say is to follow the crowd, and the crowd is always blind. In the stock market, the opinion of the majority is usually a counter-indicator.
The better you know the facts, and the more facts you know, the better you do as an investor.
The quality of memory is also a part of an investor’s circle of competence.
The book “Die Kunst des klaren Denkens” topped the Der Spiegel bestseller list for a long time as soon as it was published in Germany.
The crowd, groups of people, when clustered together, have a collective unconsciousness
The most serious and most capable of changing statistical results is preconceived ideas “Shoot before set target”────because statistics and market surveys belong to more fields of non-science, and the mathematics and statistics involved in the middle are just tools . It is people who report and interpret in the end; as long as there are people, there will be prejudice.
In 1984, Philips spun off its photolithography division and became ASML. Due to backward technology, the EUV lithography machine that Intel has developed for many years has not yet been launched, and it has been decided not to have an EUV lithography machine made by an American company.
