win7netmeeting

泰国明星夫妇Push和Jui15日在IG回应缺席Tangmo追悼会一事，表示因为在备孕期间不适宜到人多的地方，但有通过其他方式进行悼念，希望网友停止侮辱性语言，得到互相尊重。详情：备孕缺席Tangmo追悼会，泰星Push夫妇遭网暴！-VisionThai看见泰国GEICONowletmetellyouastorythatwillhelpyouunderstandhowtheintrinsicvalueofabusinesscanfarexceeditsbookvalue.Relatingthistalealsogivesmeachancetorelivesomegreatmemories.Sixtyyearsagolastmonth,GEICOenteredmylife,destinedtoshapeitinahugeway.Iwasthena20-year-oldgraduatestudentatColumbia,havingelectedtogotherebecausemyhero,BenGraham,taughtaonce-a-weekclassattheschool.Onedayatthelibrary,IcheckedoutBen’sentryinWho’sWhoinAmericaandfoundhewaschairmanofGovernmentEmployeesInsuranceCo.(nowcalledGEICO).Iknewnothingofinsuranceandhadneverheardofthecompany.Thelibrarian,however,steeredmetoalargecompendiumofinsurersand,afterreadingthepageonGEICO,Idecidedtovisitthecompany.ThefollowingSaturday,IboardedanearlytrainforWashington.Alas,whenIarrivedatthecompany’sheadquarters,thebuildingwasclosed.Ithenratherfranticallystartedpoundingonadoor,untilfinallyajanitorappeared.IaskedhimiftherewasanyoneintheofficeIcouldtalkto,andhesteeredmetotheonlypersonaround,LorimerDavidson.Thatwasmyluckymoment.Duringthenextfourhours,“Davy”gavemeaneducationaboutbothinsuranceandGEICO.Itwasthebeginningofawonderfulfriendship.Soonthereafter,IgraduatedfromColumbiaandbecameastocksalesmaninOmaha.GEICO,ofcourse,wasmyprimerecommendation,whichgotmeofftoagreatstartwithdozensofcustomers.GEICOalsojump-startedmynetworthbecause,soonaftermeetingDavy,Imadethestock75%ofmy$9,800investmentportfolio.(Evenso,Ifeltover-diversified.)Wegetexcitedenoughtocommitabigpercentageofinsurancecompanynetworthtoequitiesonlywhenwefind(1)businesseswecanunderstand,(2)withfavorablelong-termprospects,(3)operatedbyhonestandcompetentpeople,and(4)pricedveryattractively.Weusuallycanidentifyasmallnumberofpotentialinvestmentsmeetingrequirements(1),(2)and(3),but(4)oftenpreventsaction.Forexample,in1971ourtotalcommonstockpositionatBerkshireinsurancesubsidiariesamountedtoonly$10.7millionatcost,and$11.7millionatmarket.Therewereequitiesofidentifiablyexcellentcompaniesavailable-butveryfewatinterestingprices.(Anirresistiblefootnote:in1971,pensionfundmanagersinvestedarecord122%ofnetfundsavailableinequities-atfullpricestheycouldnotbuyenoughofthem.In1974,afterthebottomhadfallenout,theycommittedathenrecordlowof21%tostocks.)Berkshire–Past,PresentandFutureIntheBeginningOnMay6,1964,BerkshireHathaway,thenrunbyamannamedSeaburyStanton,sentalettertoitsshareholdersofferingtobuy225,000sharesofitsstockfor$11.375pershare.Ihadexpectedtheletter;Iwassurprisedbytheprice.Berkshirethenhad1,583,680sharesoutstanding.About7%ofthesewereownedbyBuffettPartnershipLtd.(“BPL”),aninvestingentitythatImanagedandinwhichIhadvirtuallyallofmynetworth.Shortlybeforethetenderofferwasmailed,StantonhadaskedmeatwhatpriceBPLwouldsellitsholdings.Ianswered$11.50,andhesaid,“Fine,wehaveadeal.”ThencameBerkshire’sletter,offeringaneighthofapointless.IbristledatStanton’sbehavioranddidn’ttender.Thatwasamonumentallystupiddecision.Berkshirewasthenanortherntextilemanufacturermiredinaterriblebusiness.Theindustryinwhichitoperatedwasheadingsouth,bothmetaphoricallyandphysically.AndBerkshire,foravarietyofreasons,wasunabletochangecourse.Thatwastrueeventhoughtheindustry’sproblemshadlongbeenwidelyunderstood.Berkshire’sownBoardminutesofJuly29,1954,laidoutthegrimfacts:“ThetextileindustryinNewEnglandstartedgoingoutofbusinessfortyyearsago.Duringthewaryearsthistrendwasstopped.Thetrendmustcontinueuntilsupplyanddemandhavebeenbalanced.”Aboutayearafterthatboardmeeting,BerkshireFineSpinningAssociatesandHathawayManufacturing–bothwithrootsinthe19thCentury–joinedforces,takingthenamewebeartoday.Withitsfourteenplantsand10,000employees,themergedcompanybecamethegiantofNewEnglandtextiles.Whatthetwomanagementsviewedasamergeragreement,however,soonmorphedintoasuicidepact.Duringthesevenyearsfollowingtheconsolidation,Berkshireoperatedatanoverallloss,anditsnetworthshrunkby37%.OPEC+会议前瞻：多数市场专家预计将增产150万桶/天据市场矩阵(市场矩阵(首页)|期货投顾型门户|MarketMatrix.net)报道，市场高度关注3月3日和4日的欧佩克及盟友会议(OPEC+Meeting)，市场预期可能维持1月份的会议决议不变(增加50万桶/天的供应)，但也有分析师认为可能会进一步削减减产配额。荷兰国际集团(ING)的分析师表示：“OPEC+需要谨慎，释放过多的供应会让交易员感到意外。目前，石油市场中有大量投机资金，因此，他们将希望避免采取任何增加供应的投资者可能会退出市场。”BDSwissGroup的投资研究主管迈克尔·吉特勒表示：“OPEC+集团必须做出两个决定。他们必须决定是否按照12月达成的协议，在4月恢复50万桶/天的供应。第二个房间里的大象是沙特在2月和3月单方面减产100万桶/天的决定，这一决定允许其他成员小幅增产，同时控制了总体供应。现在，市场上的许多人都认为，按照现在的价格，这两种限制都会解除。从本质上讲，这相当于增加150万桶/天的产量。”瑞穗证券(MizuhoSecurities)的能源期货主管罗伯特·雅格表示：“在我看来，我认为OPEC+将解决这一问题，很可能是在未来四个月中每月增加12.5万桶/天的供应，总计50万桶/天。这将使OPEC+平稳地进入夏季驾驶季。希望如此。”汇丰银行(HSBC)的分析师表示：“按照原定计划削减减产配额，意味着供应量较3月的水平增加225万桶/天。我们认为，如果需求恢复足够快，那么市场基本面可能会在第二季度吸收这种增量供应，但是宣布立即扩大如此大规模的供应可能会吓坏市场。”AgainCapital的合伙人约翰·基尔杜夫表示：“价格变得如此高，OPEC+有大量的备用产量。因此，他们的回应对市场而言是很有意义的。”---------------+++关注+++彭博/路透/CNBC/WSJ顶级新闻源一手精选资讯，顶级投行机构宏观/股指/原油/黄金研报