Andy Lin's Long-term Stock Investment Blog

Investors hope everything will develop as they wish

But hope does not necessarily happen. Expectation is an imagination that may not come true. Reality and expectation are always two ends of the scale.

“The Fog of War”

“The fog of war” has a very high status in the American documentary, political, defense, cultural, and historical circles. Almost all contemporary American celebrities include this documentary in their list of documentaries recommended.

The importance of cash, Apple’s experience in using cash

Apple, managed by Steve Jobs, adopted a conservative financial policy and reserved more cash for the company’s research and development and operations. This was not unreasonable at the time, but Cook’s financial management was more efficient.

How GPU farms CoreWeave make money?

CoreWeave’s main business is selling access to data centers and Nvidia’s high-performance GPU chips, which have become the most sought-after resources in the race to develop AI applications.

Risk vs Uncertainty

Risk vs uncertainty: risk is predictable, uncertainty is not. Risk refers to a known probability, which can be measured as long as there is a number. You can use it as a basis for assessing risk. Risk is predictable, uncertainty is not.

The world’s most well-known oligopoly companies

a monopoly is basically certain to make money because there is only one company that controls the entire market, but an oligopoly is not necessarily certain to make money because there are multiple companies sharing the market.

How many stock investors are there in each country around the world?

According to the results of the Gallup census in 2024, 62% of Americans are stock investors; there are 220 million individual investors who have opened accounts in the history of China’s A-shares; according to data from the Taiwan Stock Exchange, the cumulative number of accounts opened by the end of 2023 was 12.51 million.