A sadness alone stands beside the door, I pretended
you have not left
revisiting old ground, such as the full moon is more lonely candle
midnight clear I could not bear to blame pot of wandering wandering
difficult choking
warm memories of the wine after you take the thin
miss time how to steal the water to the east, to a mature flower
I miss
who played with an East Wind Breaks pipa
years saw a child falling off the wall
I remember that year we were still young and piano
and now I'm waiting faint
who you heard a song and then play the pipa East Wind Breaks < br> Maple Story staining the end I see through the road outside the fence
me take you through the first grass
along dirt diffuse very silent even break
Wednesday, February 16, 2011
Monday, February 14, 2011
Gap chemical salt pan Gansu billion merger restructuring Assets
Red
a reporter what was once known as the Chinese chlor-alkali industry, the industry, (referred to as Gansu Zhongtian Chemical Co., Ltd. (referred to as equipment assets, 52 million yuan. arrears more than a thousand workers wages, pensions, medical insurance, housing funds owed a total of fifteen for four years, has not settled.
2005 6 1 announced bankruptcy. Yellow fall from the upper reaches of a pearl.
pay taxes of a large walk in Gansu Province today, where the loss of billion worth of assets?
enterprise reform governor of instruction relocation 45,000,000
chemical plant located in Yanguoxia Linxia Hui Autonomous Prefecture of Gansu Province Liujiaxia Yongjing County, 40 kilometers downstream of the town Yanguoxia, covering 73 hectares, is first put into operation in Gansu Province medium chlor-alkali chemical companies began to build .1966, formerly known as Gansu Province Yongjing chemical plants, renamed in 1971 in Gansu Province Yanguoxia chemical plants, at the provincial level, the state two chlor-alkali business, when up to 2,400 employees, the number of workers to the corporate restructuring was 1572 before the people.
1999 , Gansu Yasheng Industrial Ltd chemical plant involved in mergers Yanguoxia and enterprise restructuring, the chemical change Yanguoxia Zhongtian Chemical Co., Ltd. of Gansu. Qu a staff representative of the view that non-compliance of Gansu Yasheng Industrial Ltd more than 600 million. (2004), No. 01-29 Yongmin break the word .2005 bankruptcy process in saline to the employee congress Yanguoxia chemical name reported to the provincial government and relevant ministries, the a grasp the principle of seeking truth from facts do a good job evaluation, to prevent loss of state assets and the false appreciation; hh salinization plant restructuring, to start production as soon as possible, and allocated 45 million yuan of funds. In addition sub-Sheng committed to invest 10 million yuan, of which 500 million for the placement of workers, 500 million for start production.
Wang told reporters that the staff representatives, in fact, the provincial government allocated 45 million employee relocation, chemical Yanguoxia those who enjoy only a small part of the cost of employee relocation . the rest of the thousand people did not get any income, there is no source of income, it is difficult to maintain adequate food and clothing, eating meat is a luxury for the workers.
Du Huanguang the phone interview, said the provincial government to approve the 4500 million, but only Daozhang 500 million, other funds to companies themselves. because the business is not closed leave the restructuring, it is a reorganization in the continued development of the program. historical issues to be resolved through a phase. the original enterprise three thousand people, with the exception of retired and not working, and now only had to work more than 800 employees,
enterprise restructuring enterprises to become the monster
merger Reclamation Corporation and Yasheng Industrial Ltd in Gansu Province involved in salt Gap chemical plant pot after the start of a large state enterprises salinization second gear a radical restructuring of the merger and reorganization, the salinity change Zhongtian Chemical Company. Qu a staff representative said: Yang Zhiming, deputy governor of Gansu Province is sent. salination plant restructuring issue, the provincial government devoted several meetings to study the governor several times, as has been made not remember the details of the resolution, when the minutes. Office of the Secretariat should be well documented in Gansu Province, such a big name who can not cover things to do.
Qu A, said: cover. they said that we are sent by higher Party committee, Cao Lin is party secretary of Gansu transit company, I was deputy secretary. Then there are workers, said Lee asked Du Huanguang, Little West Lake Hotel in the meeting is how is it? Du Huanguang that it was the laws and regulations of the training. In fact, according to a small lake at the hotel said the meeting was a meeting in the small West Lake Hotel is to Yanguoxia bankruptcy chemical plant to determine the composition of the new leadership to open Council. determined leadership, but also made a clear division of labor. did not have a vote on the conference content, the so-called corporation aggregate shares of 92.49%, Yasheng Industrial Ltd accounted for 7.51%. in accordance with the Gap shares chemical corporation aggregate share of workers 92.49%.
Qu a staff representative, told reporters: there is no shareholder who is the board chairman, party secretary, chief financial officer, the transit company leaders who do that in a few short years have become nouveau riche, buy a car buy a house, the luxury decoration. Qu
a staff, told reporters that the insolvency of salt pan Gap chemical government appropriated 45 million yuan relocation, the actual placement of employees in just 9.5716 million yuan.
transit representatives of the employees reflected in Gansu, Asia Shing Group Company after the merger Yanguoxia basic chemical production does not start, but after another to put much money and stop the sale of the assets of Yanguoxia chemical plant in order to maintain their livelihood.
a staff representative, said Qu to Chairman Du Huanguang transit-oriented chemical bankruptcy Yanguoxia leadership, the provincial government allocated 45 million of funds diverted to other uses, and then turn the government funds allocated to emission reduction, accounts receivable, low price of disposal of assets 52 million yuan of equipment. moved to his office to use, insolvent. salinization of a hey evolved into a shell company, a direct result of growing number of unemployed people, and serving officers from the pre-insolvency to 1572 Now more than 400 people in the post, together with more than 1,000 laid-off. There 400 only minimal needs more than 1,300 living, wage arrears, pension insurance, medical insurance, housing fund.
Du Huanguang In an interview with reporters told about the company's accounts are open, Auditing Department, Supervision Department, Planning Commission, the Department of Finance and so on, about eight departments audited. Our financial accounts on the board and the employee congress are public.
a reporter what was once known as the Chinese chlor-alkali industry, the industry, (referred to as Gansu Zhongtian Chemical Co., Ltd. (referred to as equipment assets, 52 million yuan. arrears more than a thousand workers wages, pensions, medical insurance, housing funds owed a total of fifteen for four years, has not settled.
2005 6 1 announced bankruptcy. Yellow fall from the upper reaches of a pearl.
pay taxes of a large walk in Gansu Province today, where the loss of billion worth of assets?
enterprise reform governor of instruction relocation 45,000,000
chemical plant located in Yanguoxia Linxia Hui Autonomous Prefecture of Gansu Province Liujiaxia Yongjing County, 40 kilometers downstream of the town Yanguoxia, covering 73 hectares, is first put into operation in Gansu Province medium chlor-alkali chemical companies began to build .1966, formerly known as Gansu Province Yongjing chemical plants, renamed in 1971 in Gansu Province Yanguoxia chemical plants, at the provincial level, the state two chlor-alkali business, when up to 2,400 employees, the number of workers to the corporate restructuring was 1572 before the people.
1999 , Gansu Yasheng Industrial Ltd chemical plant involved in mergers Yanguoxia and enterprise restructuring, the chemical change Yanguoxia Zhongtian Chemical Co., Ltd. of Gansu. Qu a staff representative of the view that non-compliance of Gansu Yasheng Industrial Ltd more than 600 million. (2004), No. 01-29 Yongmin break the word .2005 bankruptcy process in saline to the employee congress Yanguoxia chemical name reported to the provincial government and relevant ministries, the a grasp the principle of seeking truth from facts do a good job evaluation, to prevent loss of state assets and the false appreciation; hh salinization plant restructuring, to start production as soon as possible, and allocated 45 million yuan of funds. In addition sub-Sheng committed to invest 10 million yuan, of which 500 million for the placement of workers, 500 million for start production.
Wang told reporters that the staff representatives, in fact, the provincial government allocated 45 million employee relocation, chemical Yanguoxia those who enjoy only a small part of the cost of employee relocation . the rest of the thousand people did not get any income, there is no source of income, it is difficult to maintain adequate food and clothing, eating meat is a luxury for the workers.
Du Huanguang the phone interview, said the provincial government to approve the 4500 million, but only Daozhang 500 million, other funds to companies themselves. because the business is not closed leave the restructuring, it is a reorganization in the continued development of the program. historical issues to be resolved through a phase. the original enterprise three thousand people, with the exception of retired and not working, and now only had to work more than 800 employees,
enterprise restructuring enterprises to become the monster
merger Reclamation Corporation and Yasheng Industrial Ltd in Gansu Province involved in salt Gap chemical plant pot after the start of a large state enterprises salinization second gear a radical restructuring of the merger and reorganization, the salinity change Zhongtian Chemical Company. Qu a staff representative said: Yang Zhiming, deputy governor of Gansu Province is sent. salination plant restructuring issue, the provincial government devoted several meetings to study the governor several times, as has been made not remember the details of the resolution, when the minutes. Office of the Secretariat should be well documented in Gansu Province, such a big name who can not cover things to do.
Qu A, said: cover. they said that we are sent by higher Party committee, Cao Lin is party secretary of Gansu transit company, I was deputy secretary. Then there are workers, said Lee asked Du Huanguang, Little West Lake Hotel in the meeting is how is it? Du Huanguang that it was the laws and regulations of the training. In fact, according to a small lake at the hotel said the meeting was a meeting in the small West Lake Hotel is to Yanguoxia bankruptcy chemical plant to determine the composition of the new leadership to open Council. determined leadership, but also made a clear division of labor. did not have a vote on the conference content, the so-called corporation aggregate shares of 92.49%, Yasheng Industrial Ltd accounted for 7.51%. in accordance with the Gap shares chemical corporation aggregate share of workers 92.49%.
Qu a staff representative, told reporters: there is no shareholder who is the board chairman, party secretary, chief financial officer, the transit company leaders who do that in a few short years have become nouveau riche, buy a car buy a house, the luxury decoration. Qu
a staff, told reporters that the insolvency of salt pan Gap chemical government appropriated 45 million yuan relocation, the actual placement of employees in just 9.5716 million yuan.
transit representatives of the employees reflected in Gansu, Asia Shing Group Company after the merger Yanguoxia basic chemical production does not start, but after another to put much money and stop the sale of the assets of Yanguoxia chemical plant in order to maintain their livelihood.
a staff representative, said Qu to Chairman Du Huanguang transit-oriented chemical bankruptcy Yanguoxia leadership, the provincial government allocated 45 million of funds diverted to other uses, and then turn the government funds allocated to emission reduction, accounts receivable, low price of disposal of assets 52 million yuan of equipment. moved to his office to use, insolvent. salinization of a hey evolved into a shell company, a direct result of growing number of unemployed people, and serving officers from the pre-insolvency to 1572 Now more than 400 people in the post, together with more than 1,000 laid-off. There 400 only minimal needs more than 1,300 living, wage arrears, pension insurance, medical insurance, housing fund.
Du Huanguang In an interview with reporters told about the company's accounts are open, Auditing Department, Supervision Department, Planning Commission, the Department of Finance and so on, about eight departments audited. Our financial accounts on the board and the employee congress are public.
Sunday, February 13, 2011
Fake journalists are a special rentier information control
Shanxi Xinzhou, fake news has become a profession, in some places a there is a fake identity to a trickster's behavior, in general the identity of those who have some kind of true how things usually get nothing in return, it can be inferred. to some extent, a trickster in a special way the behavior of exposure to the real social life. fake identity fraud, identity is the premise of plausibility. If you fake an identity, behavior, nothing like, how could succeed? what fake identity to obtain benefits, means that the true identity can also get similar benefits. so fake improper place, to act just because people do not have the authenticity of identity, rather than the behavior of the poor and reward efficiency, kinds of provisions imposing Zhao Ming, Basic will not be investigated.
journalists who leave money to fraud, to the mine, pointed out that the owner of to give a extortion, and false reporters be called extortion, nothing more.
look real from the fake, but not limited to real journalists how to such a level. reporter how, and how the press will be treated, which is a relationship between . a press conference to get a red envelope, the money will be fraud, which is the behavior of one reporter. relevant units would bribe journalists, will accept blackmail, this is the behavior of the other party. the real situation, the information field there is the case of social relations .
almost ubiquitous presence of social problems, while almost ubiquitous presence of the problem does not become a public focus on the reality not the problem, which makes how not to become a very important social issues. Mo is is also a journalist and fake journalists need to not only because many of the main information dissemination, and the competition honors the victory will be a source of professional help to stimulate the spirit communicator, attention and sense of justice. In this way, by to achieve complete success because there will always be willing to be bought and hope to obtain through the mass media community to respect the professional people.
in the dissemination of restricted environment, the situation changed. communication limited, often just good news the spread of a common enemy. The reporter also long been trained to defeat those who limit environmental front, the report Great benefits and safe.
in the dissemination of behavior, there are power management problems. For example, coal mine, high cost, and bribing the power to pretend not to know problems, and dissemination of information is not low cost. There will be people hidden conversion, power also will be converted, the normal management without additional income, and thorough investigation or Since no thorough investigation of bribes could be. including dissemination of governance is the same, , a social life, many of the images. not just how to fake journalists, real journalists how, miners how those in power to these scattered issues, where is the problem, but all connected to the way social governance.
2010-3-22
journalists who leave money to fraud, to the mine, pointed out that the owner of to give a extortion, and false reporters be called extortion, nothing more.
look real from the fake, but not limited to real journalists how to such a level. reporter how, and how the press will be treated, which is a relationship between . a press conference to get a red envelope, the money will be fraud, which is the behavior of one reporter. relevant units would bribe journalists, will accept blackmail, this is the behavior of the other party. the real situation, the information field there is the case of social relations .
almost ubiquitous presence of social problems, while almost ubiquitous presence of the problem does not become a public focus on the reality not the problem, which makes how not to become a very important social issues. Mo is is also a journalist and fake journalists need to not only because many of the main information dissemination, and the competition honors the victory will be a source of professional help to stimulate the spirit communicator, attention and sense of justice. In this way, by to achieve complete success because there will always be willing to be bought and hope to obtain through the mass media community to respect the professional people.
in the dissemination of restricted environment, the situation changed. communication limited, often just good news the spread of a common enemy. The reporter also long been trained to defeat those who limit environmental front, the report Great benefits and safe.
in the dissemination of behavior, there are power management problems. For example, coal mine, high cost, and bribing the power to pretend not to know problems, and dissemination of information is not low cost. There will be people hidden conversion, power also will be converted, the normal management without additional income, and thorough investigation or Since no thorough investigation of bribes could be. including dissemination of governance is the same, , a social life, many of the images. not just how to fake journalists, real journalists how, miners how those in power to these scattered issues, where is the problem, but all connected to the way social governance.
2010-3-22
Friday, February 11, 2011
Optimistic about the market value of Buffett's investment in China will never become obsolete
A variety of opportunities exist in China the next day
held in the face of the annual global press conference a reporter, Buffett deliberately walked in front of the economic half-hour news, showed reporters his brand of wearing the suit, and specifically pointed out that this is a local clothing brand from China, this kind of behavior, so that the people have felt, Buffett more and more attention to China.
Reporter: China's economy is staggering growth rate of world Bank or even the Chinese growth this year is expected to increase to 9.5%, do you think the Chinese market, the existence of the Chinese economy overheating?
Buffett: I do not understand the market, but I think the Chinese economy over time will be high speed. it does not mean every month, every year increase, because the middle will encounter obstacles. Nothing is perfect. But think about what happened in China over the past two decades, the good things, like to the number of development to know that this will not stop, the economy will continue to grow. However, there may be a bad situation, or a few years the economy is not very good, all economies there have been such a problem, but that will be 10 years from now or 20 years time.
Buffett confident of China's economic development, but at the end of April, in China's economic growth ranks first in the world, Europe, Japan and the stock market in 18-month high circumstances, the Chinese stock market has suffered oscillation frequency, stock all the way down, bottom in the global stock market performance, which makes Chinese investors confused.
Reporter: say the stock market is a barometer of the economy, but now you see the Chinese stock market are very depressed, how do you view China's stock market performance and economic development of the deviation?
Buffett: The stock market and the economy is not closely linked at all times, but if the economy is in a very long time all the better, then the stock market also in a very long period of time within the well. If the economy is not good, then the stock market will also not very good. but specific for each week, every month I am not so concerned about change, if the economy is good, the last stock market will get better . I do not know what the market next year or the next two years, how. I do not want to be known as the Chinese stock market expert, I do not understand the Chinese stock market.
(in topics about China, Buffett admitted, Whether the stock market or real estate, he did not know the details of the Chinese market)
Reporter: Are you so bullish on China, valued in the end what is it?
Buffett: I think China has a variety of opportunities for economic growth environment, you look at every place, can find opportunities, we have invested in the automotive company, BYD, and their car market in China is developing very rapidly, but there will be growth in all areas .
(opportunities, Buffett praised China, the most used word. In Buffett's view, whether it is a system, or an interactive relationship, as long as the opportunity to produce as much as possible to lay the basis of wealth creation, which also includes China-US trade relations.)
Buffett: great powers taking into account its national interests may often produce friction. but if beneficial to China, is also advantageous when the United States, we co-operate. The world is not a
Buffett confident of China's economic development, but at the end of April, in China's economic growth ranks first in the world, Europe, Japan and the stock market in 18-month high in the circumstances, the Chinese stock market has suffered oscillation frequency, stock all the way down, bottom in the global stock market performance, which makes Chinese investors confused.
Reporter: If you come to evaluate their own performance last year, out of 10, then you give the decision you have made last year, and implementation how many points to play the situation?
Buffett: If you really allow shareholders to score, this score should be good, Berkshire Hathaway in 2009, has withstood the test of the financial crisis, most businesses are a gain. However, if enough shareholders scoring critical, he might note the fact that Berkshire Hathaway shares rose 19.8%, 26.5% behind the S & P 500 Index increase, which is the company since 1965 7th since underperformed the broader market.
Reporter: This is the value of the company by adhering to the investment philosophy is a challenge?
Buffett: I'm not very worried. there are so few of our stock years more than the entire market, there are so few is not good. If the whole, there are 15-20 years we are better than the big city, then our job is good.
(vertical View Warren Buffett's investment performance characteristics of Berkshire's earnings is a good few years in the market to lag behind the market average, but in the event of significant economic oscillations, Berkshire must be substantially more than the market average.)
Buffett: Value investing is now functioning pretty well, apparently the operation of the operation of large sums of money than the small amount of money work better, my job is to do well in the long period of time, As I said, if I am within in the long run, can not do, then they should find other people to take this seat.
very optimistic about the Chinese market
Buffett Warren Buffett says he can win because Luckily, born in the United States, by a good education, and the U.S. GDP has been growing, the United States to his creation of the huge economy. But now he felt the Chinese people very, very fortunate, for they are living in a very fast growing countries And there is great potential in this country, and now China is found in the world, the world is found in China, as long as this potential can become reality, China's future will be incredible. Warren Buffett guaranteed a few years, China must be the world gains the most.
Buffett value investing principles:
1, the method used to buy companies to buy shares. This is the core of Buffett's investment philosophy, although Buffett's investment in securities with a single that won the the throne of the world's richest man may, in fact Buffett is a His understanding of business through various channels, business operations (products and services, labor relations, raw material costs, plant equipment, capital reinvestment requirements, inventory, accounts receivable, working capital requirements, etc.), never on the market on attention ;
2, the risk from you do not know what they are doing;
3, passion is the driving force of success, honesty is the basic condition for success, should have the courage to admit its mistakes;
4, not to disclose his trade secrets;
5, the future is always do not understand;
6, long-term investment. in a good price right time to buy stocks, as long as these companies to maintain good performance, do not send them to put out. < br> 7, to maintain the margin of safety, to prevent loss. safety first, when the price is far below the intrinsic value of business investment, and market trends that will rise again.
8, good at learning, standing on the shoulders of giants.
9, to be a successful and happy investors;
10, bear market investment opportunities. the market is often more jump off the bear market that often appear in large undervalued companies, it is rare investment opportunities.
11, once it determines that substantial investment to continue, like quantity. (modern portfolio theory is mainly based on Magnus Markowitz, William Sharpe and others based on the model, the use of mathematical methods to measure with covariance risk, to seek balance between risks and benefits to meet investors of risk and return preferences.)
12, paranoid investment. Do not follow the flock to go, according to the will of their own work independently. establish a correct concept of investment, and then stick to it, look for a target dry in the end.
13, the choice of investment companies:
�� focus on the corporate liquidation value, earnings growth and other indicators to quantify the investment value of the stock. according to the analysis of Graham Greene, find out the real value of the degree higher than the market value of the stock
�� high gross profit margin of companies;
�� Enterprise is simple and easy to understand;
�� stable history;
�� optimistic about the long-term development;
�� create profits for shareholders;
�� physical assets, business assets =
�� 10 + years of information assets compound rate of return> 15%;
�� have sound management, financial quality, long-term bullish 100% stake in the enterprise;
�� yourself away from the general lack of confidence in the management of commercial enterprises, and;
�� management of the Company to be rational, honest, do not blindly follow institutional.
�� business management excellence and honesty. there is no leadership excellence and frankly there will be a valuable business
�� only important factor is the company's profitability. has investment value should be a steady stream of future cash receipts to the company.
�� investment has the exclusive right and franchise businesses. Fisher taught Buffett exclusive rights on the consumer (with consumer demand, no similar alternative products, from legal norms) of the stock selection method, according to Fisher's logic, choose to have a high reputation in the market dominance is the Select the value of Buffett's investment in stocks with growth. such as investment Coca-Cola, The Washington Post.
�� required rate of return used in the 30-year long-term U.S. government bond rate.
�� not vote do not understand, there are problems not vote. precisely because Buffett high-tech companies do not understand (because most companies can not quantify the value of analysis), which he successfully survived the Internet bubble in 2000. is unknown because of the secondary housing, Lane Buffett real estate mortgage bonds (in fact, the real estate mortgage bonds by several Wall Street's so-called genius, packaging, and even genius are dizzy, simply could not understand how much leverage in the end), so he clears all of the relevant early bonds. < br> �� focus on return on equity (operating earnings / equity). In the calculation of operating surplus, securities should be measured at cost, the investor must be able to control that affect the operating surplus of unusual factors.
14, six types of enterprises:
�� development of slow, some large old companies, do not buy;
�� rapidly progressive, small-scale, energy intensity, the annual growth of 20-25% of the enterprises, buy;
�� steady moderate type, an increase of 20-25% of large enterprises to buy;
�� cycle of ups and downs type, influenced by economic cycles, such as automotive, aviation, steel, chemicals, etc., to see the specific economic circumstances, may be buy;
�� possible recovery type, can be bought;
[6] assets concealed type, such as cash, real estate, land, patents, franchises, buying
timeless value investing s Pension Buffett's shareholders meeting in person at the time, heard his explanation of value investing is so: principle is the same. I had to spend 10 million dollars to buy 20 million shares, with 10 billion now spent, or even 100 billion to the acquisition of a business principle is the same as its standard has not changed. If the principle can be outdated That principle is also called what? a lot of people are going to buy when the market rally. This is called the value of the investment? the real value of the investment is to buy after the stock market crash, and I do-raised funds, Many public fund this growth, growth, including many retail investors are into 4000 points, 5000 points into the after. And this time, when the stock market rose quickly rose to the high point, I would have quit. > In fact, Buffett's shares are basically all the money to buy after the crash. After his first fall, 1973, 1974, the U.S. stock market fell by 40%, bought the Washington Post, 10 million into 13 billion. The second is probably the stock market crash of 1987, the day down 22.6%, he in 1988, Coca-Cola bought in 1989, bought a 1.3 billion profit on a stock in which 100 billion. third time is the U.S. network bubble, 2001,2002, the U.S. stock market fell by half. Buffett believes that the time when the stock market is very popular it is difficult to make money.
as a representative of value investing, Lee Chi is also adhere to the share price fell after the buy. He said: I also went to a sightseeing tour. fell 2,500 below the trap, and I slept very relieved, because I hold the doll in the hands of gold. in terms of his value for the price is right, he can buy, but do not have to wait until the price. Buffett's size, he bought, it is possible to buy other people will follow, so as a representation in terms of After the crash it may be cheap, but in fact the core of his concept of the real market value is looked at to buy.
Buffett principle in China's stock market specific applications:
1, used to buy business method to buy stocks. Forget stocks, forget the market, key points to look at the stock company, assuming you will buy the business entity. more attention to the business enterprises in the real market conditions, operating conditions and so on. (Note: This is the investment very different concepts) there are several permanent investment in shares of Warren Buffett, that life may have in stock. This shows that the intrinsic value of his focus on business, he simply ignored it, and the attitude index is consistent from top to bottom. < br> 2, ask your heart, your own business is the emperor's new clothes, or a solid source of profits;
3, enthusiasm, happiness, honesty is the necessary condition for success; Chinese investors are not happy most of the time , watching the market's fluctuations, there is little reason for joy.
4, investment plans to be confidential. This prevents someone else's criticism and shaken their confidence.
5, abandon the technical analysis. Technical analysis is a lie person's investment. Here clarify, is not to find a similar large-cap stocks to euphemistically called aim is to obtain corporate earnings growth. (including dividends and corporate earnings value added).
7, financial security first. because of their research in order to prevent mistakes, which led to stock selection error, the purchase price of the stock options and real price gap must be large enough.
8, adhere to the study. It should be noted, most successful investors have a deep understanding of investment theory of people such as Warren Buffett (Columbia University, Master of Economics), Soros ( London School of Economics, Master). but not yet been finalized for the understanding of the macroeconomic importance of blocking action is the use of Soros pound development of the EU macroeconomic imbalances.
9, bear market investment theory is relatively easy to understand, especially for the value investment, bear market paved with gold, as long as you have enough patience and vision;
10, ratio must not be desperate to prevent the accidental errors;
11, the core of value investing is to uphold and against the trend of psychological investment. Because most people are wrong, either sheep or class of sheep are wrong. This is the most critical, is also closely related and investment purposes. because the real purpose of investing in stocks is the investment industry, so do not ignore the market's ups and downs. buy can watch, and wait for the dividend and the market price of value-added, do not have to guess the stock changes daily and prices.
12, the real value of stock options:
�� valuation by discounted cash flow model, the necessary rate of return over a 10-year Treasury rate. Why should I choose as a risk-free interest rate required rate of return on investment is a hundred percent for the lowest income security and point of view. Of course, according to Buffett's investment experience, simply choose the correct rate of return will be far more than the necessary rate of return.
�� the use of financial index analysis, such as earnings, book value and so on. the choice of financial indicators to take into account all the unknown factors, such as asset inventory to be considered part of the turnover and liquidity.
�� select growth companies. only the net value of the stock and real the ratio of the value will still fall into operating difficulties. because very often you can not find the real value of the specific value is less than 50% of the shares. and even find such a stock, the company mostly is a sunset industry, future growth cause for concern. That is why , the introduction of the concept of growth, the valuation for the company's growth.
�� with exclusivity and concession business. that the white monopoly-type enterprises, such as brand monopoly, monopoly, monopoly and other products. Here to stress, Do not be swayed by short-term market bearish as Insurance with the provision of 157 million (in the future may reach 23.8 billion) of the impairment loss, if there is no investment in Ping An Insurance worth it? not. any business may be in the development of setbacks, the key essence of business can decide whether damage to corporate value.
�� be familiar with the stock, do not touch the issue shares, subject shares. here is familiar with the company familiar with the market performance of stock prices is not , because Buffett does not look nearly stock market performance. by doing a lot of homework, familiar with a company's business and specific situation.
�� other content easily understood with reference to the principles of Buffett, is no longer here interpretation;
fact, investments in securities with a core, is the valuation of securities. The reason Buffett different, not what he invented a new method of valuation, but the choice of a number of different real targets. If required rate of return, price-earnings ratio, return on shareholder returns and so on, determined the choice of these indicators is relatively high and low stock price changes, but also determines the choice of investment decisions, and finally determines the success or failure of the investment.
excellent Buffett eyes Investors should have?
you?
Buffett: I think they can replicate this comprehensive concept. I was a man named BenGraham people to learn. I read what he told me, very good book. I think the investment, the most important thing is not always stare at prices rose or fell, the price is around the turn, but to look at it is a business. If you know this one transaction, you think you are paying for this business capital, then you should buy the stock. If you do not think this business is good, then do not buy. people tell you the stock to rise or fall in the end amount to nothing. to like to buy a farm, to purchase an apartment, a house or something else you need to understand is that this asset, the whole business, and then decide you are not worth the money, if you think not worth it even if the.
Reporter: In addition to individual investors to buy shares, should also do?
Buffett: The best thing you have to do is to invest on your own. If you can improve your , you can change a lot. When I talk with students, facing the young man, I always encourage them to invest their skills. If they can learn more and to better communicate, no matter how the future, no one take away from you these skills, inflation can not, no one can! you will have a better capital, so the best investment that you do run out all the stops for their investment.
Reporter: So, a good investor, you need to do with what kind of quality?
Buffett: I think we can learn to analyze a company, there are potential quality, both are important, some people are gifted in certain areas, But you can still learn a lot of things, you must control your emotions, if you are an emotional investor must be the failure of investors.
(for investors to follow their own, Buffett is willing to share of his investment philosophy, but he also hopes to television, to tell all investors, do not blindly follow anyone, including himself.)
Buffett: to have the ability to think logically, which is the same for others truth. so I do not care how others evaluate investment, I only care about the transaction itself, I try to understand, I try to think about this single transaction in 10 to 20 years will look like, as well as its expectations, if I feel good, and the attractive price, I'll buy it.
Reporter: What to buy you a stock price will soar, your investment in our oil and BYD frenzy when they saw this, how do you view your own this influence you? Buffett: I just bought a period of time I think the stock will appreciate, if no one knows what we buy, that's pretty good for me. I do not worry I am on the stock market influential, no one will buy what we buy stock which stock away to follow suit, they should choose the value that they believe the stock a good investment.
Reporter: But you do have influence on the stock market too. < br> Warren Buffett: I hope I do not have such influence.
(in the meeting with Warren Buffett, the exchange process, a reporter for China Buffett can feel the confidence and enthusiasm.) < br> Warren Buffett: But I bet the Chinese economy in the next ten or twenty years will be very good, I view the U.S. economy, too, I think China's economic growth will be faster, because its relatively low starting point But I think there will be a lot of good things will happen in China.
Fighting The stock market does not leave you defeat Huiyanshizhu
investment by Buffett's easy to understand the business
10 years of preparation, so even the ten minutes have not held such stock, Buffett's Berkshire. Hathaway 32 years of annual investment performance and the American Standard - Poor's 500 stock price index than the performance can be found in one of the 29 years Buffett beat the index, only three years behind index, which is more commendable is that five years into a bear trend when the U.S. stock market retreated on the occasion, Buffett was a record year 23 billion U.S. dollars of wealth, the stock selection method is also well worth studying global investors.
is modeled after Warren Buffett's stock picking master the basic school. Graham (Ben Graham) and Philip. Fisher (Philip Fisher). The first is a (Margin Of Safety) of prudent investment concepts, in his view, the end of the real value of the stock value Intrinsic value), namely, the existence of such stock , regardless of the market's performance. Because of his contribution to the quantitative analysis, has been recognized for his later father of financial analysis. Graham, > Fisher is advocating investment growth rate is higher than average, relative growth and has excellent profit management company. He and Graham, the biggest difference is that Fisher simply read the Company's financial report that is not sufficient to determine Should investment, and as far as possible from people familiar with the company to obtain first-hand information, this way the fund manager has become a prerequisite before picking. Buffett sucked the two investment approaches to be carried forward.
the end of 1996, Buffett's investment portfolio (Table omitted) illustrate, the market value of which accounted for eight major Berkshire holdings. Hathaway shares to the market value of $ 27,750,000,000 87% If such stock by the end of 1996 this rate of return be calculated so far, in 14-month portfolio return and further rose to 37.72%.
focused niche moving steadily
Buffett held the eight observed stocks, almost every stock is a household name the world's leading companies, including Coca-Cola is the world's largest beverage company, Gillette is to facilitate the razor 60% share of the global market, the American Express Card and American Express Bank traveler's checks are an essential tool for cross-border travel, Wells Fargo has the largest commercial real estate markets in California and among the top ten banks in the United States, the Federal Home Loan Mortgage Corporation are the two major U.S. home loan industry, one of Disney in the acquisition of large city / ABC after to become the world's largest communication and entertainment companies, McDonald's is also the world's largest fast-food industry, the Washington Post is one of America's most respected newspaper, far higher than the profitability of the industry .
of the common characteristics of these enterprises is that every company have a strong market niche, Buffett has made these companies have so-called ; commodities products, but consumers will still be across the street to find such products. and advantages of this product in the foreseeable future are very difficult to change, and this is his br> More importantly, companies such as Warren Buffett's business prospects for this very , because in too many cases the number of companies, the manager can not reach the operating conditions of each company, the results part of the funds actually increased the risk of loss.
sharp rise in the recent years, many high-tech stocks, Buffett also admitted because he can not know more about this industry, so he risk investment, as br> buy and overweight:
According to 5,605,314 shares 2. Waste management company Republic Services: buy 2,537,200 shares 3. Document and information management company Iron Mountain: buying 794,800 shares 4. surgical products maker Becton Dickinson: to buy 244,128 shares of
reduction:
It MarketWatch reported that Buffett holdings of the first quarter of Kraft Foods (Kraft Foods Inc.), Johnson & Johnson (Johnson & Johnson) and Procter & Gamble Company (Procter & Gamble Co.) shares.
submitted according to Monday U.S. securities regulators of the documents show, Buffett's holding company sold 23% stake in Kraft Foods, he was accused of Kraft in the acquisition of Cadbury (Cadbury PLC) when the bid is too high.
Berkshire . Hathaway also sold a health care company UnitedHealth Group Inc. and the health insurance giant Wellpoint Inc.'s position, which is caught in a public relations crisis and a new general meeting convened blamed. Meanwhile, Warren Buffett also sold the company for all SunTrust Bank (SunTrust Banks Inc.) equity, and sell a small amount of Travelers Cos.'s shares.
In addition, during the same period the stock holdings of Berkshire. Hathaway completed 270 billion acquisition of Burlington Northern Santa Fe Railway Company railroad transportation companies (Burlington Northern Santa Fe.) transactions. It is reported that Buffett also sold 80 billion in debt, and used to sell part of portfolio transactions for the financing of this railway .
held in the face of the annual global press conference a reporter, Buffett deliberately walked in front of the economic half-hour news, showed reporters his brand of wearing the suit, and specifically pointed out that this is a local clothing brand from China, this kind of behavior, so that the people have felt, Buffett more and more attention to China.
Reporter: China's economy is staggering growth rate of world Bank or even the Chinese growth this year is expected to increase to 9.5%, do you think the Chinese market, the existence of the Chinese economy overheating?
Buffett: I do not understand the market, but I think the Chinese economy over time will be high speed. it does not mean every month, every year increase, because the middle will encounter obstacles. Nothing is perfect. But think about what happened in China over the past two decades, the good things, like to the number of development to know that this will not stop, the economy will continue to grow. However, there may be a bad situation, or a few years the economy is not very good, all economies there have been such a problem, but that will be 10 years from now or 20 years time.
Buffett confident of China's economic development, but at the end of April, in China's economic growth ranks first in the world, Europe, Japan and the stock market in 18-month high circumstances, the Chinese stock market has suffered oscillation frequency, stock all the way down, bottom in the global stock market performance, which makes Chinese investors confused.
Reporter: say the stock market is a barometer of the economy, but now you see the Chinese stock market are very depressed, how do you view China's stock market performance and economic development of the deviation?
Buffett: The stock market and the economy is not closely linked at all times, but if the economy is in a very long time all the better, then the stock market also in a very long period of time within the well. If the economy is not good, then the stock market will also not very good. but specific for each week, every month I am not so concerned about change, if the economy is good, the last stock market will get better . I do not know what the market next year or the next two years, how. I do not want to be known as the Chinese stock market expert, I do not understand the Chinese stock market.
(in topics about China, Buffett admitted, Whether the stock market or real estate, he did not know the details of the Chinese market)
Reporter: Are you so bullish on China, valued in the end what is it?
Buffett: I think China has a variety of opportunities for economic growth environment, you look at every place, can find opportunities, we have invested in the automotive company, BYD, and their car market in China is developing very rapidly, but there will be growth in all areas .
(opportunities, Buffett praised China, the most used word. In Buffett's view, whether it is a system, or an interactive relationship, as long as the opportunity to produce as much as possible to lay the basis of wealth creation, which also includes China-US trade relations.)
Buffett: great powers taking into account its national interests may often produce friction. but if beneficial to China, is also advantageous when the United States, we co-operate. The world is not a
Buffett confident of China's economic development, but at the end of April, in China's economic growth ranks first in the world, Europe, Japan and the stock market in 18-month high in the circumstances, the Chinese stock market has suffered oscillation frequency, stock all the way down, bottom in the global stock market performance, which makes Chinese investors confused.
Reporter: If you come to evaluate their own performance last year, out of 10, then you give the decision you have made last year, and implementation how many points to play the situation?
Buffett: If you really allow shareholders to score, this score should be good, Berkshire Hathaway in 2009, has withstood the test of the financial crisis, most businesses are a gain. However, if enough shareholders scoring critical, he might note the fact that Berkshire Hathaway shares rose 19.8%, 26.5% behind the S & P 500 Index increase, which is the company since 1965 7th since underperformed the broader market.
Reporter: This is the value of the company by adhering to the investment philosophy is a challenge?
Buffett: I'm not very worried. there are so few of our stock years more than the entire market, there are so few is not good. If the whole, there are 15-20 years we are better than the big city, then our job is good.
(vertical View Warren Buffett's investment performance characteristics of Berkshire's earnings is a good few years in the market to lag behind the market average, but in the event of significant economic oscillations, Berkshire must be substantially more than the market average.)
Buffett: Value investing is now functioning pretty well, apparently the operation of the operation of large sums of money than the small amount of money work better, my job is to do well in the long period of time, As I said, if I am within in the long run, can not do, then they should find other people to take this seat.
very optimistic about the Chinese market
Buffett Warren Buffett says he can win because Luckily, born in the United States, by a good education, and the U.S. GDP has been growing, the United States to his creation of the huge economy. But now he felt the Chinese people very, very fortunate, for they are living in a very fast growing countries And there is great potential in this country, and now China is found in the world, the world is found in China, as long as this potential can become reality, China's future will be incredible. Warren Buffett guaranteed a few years, China must be the world gains the most.
Buffett value investing principles:
1, the method used to buy companies to buy shares. This is the core of Buffett's investment philosophy, although Buffett's investment in securities with a single that won the the throne of the world's richest man may, in fact Buffett is a His understanding of business through various channels, business operations (products and services, labor relations, raw material costs, plant equipment, capital reinvestment requirements, inventory, accounts receivable, working capital requirements, etc.), never on the market on attention ;
2, the risk from you do not know what they are doing;
3, passion is the driving force of success, honesty is the basic condition for success, should have the courage to admit its mistakes;
4, not to disclose his trade secrets;
5, the future is always do not understand;
6, long-term investment. in a good price right time to buy stocks, as long as these companies to maintain good performance, do not send them to put out. < br> 7, to maintain the margin of safety, to prevent loss. safety first, when the price is far below the intrinsic value of business investment, and market trends that will rise again.
8, good at learning, standing on the shoulders of giants.
9, to be a successful and happy investors;
10, bear market investment opportunities. the market is often more jump off the bear market that often appear in large undervalued companies, it is rare investment opportunities.
11, once it determines that substantial investment to continue, like quantity. (modern portfolio theory is mainly based on Magnus Markowitz, William Sharpe and others based on the model, the use of mathematical methods to measure with covariance risk, to seek balance between risks and benefits to meet investors of risk and return preferences.)
12, paranoid investment. Do not follow the flock to go, according to the will of their own work independently. establish a correct concept of investment, and then stick to it, look for a target dry in the end.
13, the choice of investment companies:
�� focus on the corporate liquidation value, earnings growth and other indicators to quantify the investment value of the stock. according to the analysis of Graham Greene, find out the real value of the degree higher than the market value of the stock
�� high gross profit margin of companies;
�� Enterprise is simple and easy to understand;
�� stable history;
�� optimistic about the long-term development;
�� create profits for shareholders;
�� physical assets, business assets =
�� 10 + years of information assets compound rate of return> 15%;
�� have sound management, financial quality, long-term bullish 100% stake in the enterprise;
�� yourself away from the general lack of confidence in the management of commercial enterprises, and;
�� management of the Company to be rational, honest, do not blindly follow institutional.
�� business management excellence and honesty. there is no leadership excellence and frankly there will be a valuable business
�� only important factor is the company's profitability. has investment value should be a steady stream of future cash receipts to the company.
�� investment has the exclusive right and franchise businesses. Fisher taught Buffett exclusive rights on the consumer (with consumer demand, no similar alternative products, from legal norms) of the stock selection method, according to Fisher's logic, choose to have a high reputation in the market dominance is the Select the value of Buffett's investment in stocks with growth. such as investment Coca-Cola, The Washington Post.
�� required rate of return used in the 30-year long-term U.S. government bond rate.
�� not vote do not understand, there are problems not vote. precisely because Buffett high-tech companies do not understand (because most companies can not quantify the value of analysis), which he successfully survived the Internet bubble in 2000. is unknown because of the secondary housing, Lane Buffett real estate mortgage bonds (in fact, the real estate mortgage bonds by several Wall Street's so-called genius, packaging, and even genius are dizzy, simply could not understand how much leverage in the end), so he clears all of the relevant early bonds. < br> �� focus on return on equity (operating earnings / equity). In the calculation of operating surplus, securities should be measured at cost, the investor must be able to control that affect the operating surplus of unusual factors.
14, six types of enterprises:
�� development of slow, some large old companies, do not buy;
�� rapidly progressive, small-scale, energy intensity, the annual growth of 20-25% of the enterprises, buy;
�� steady moderate type, an increase of 20-25% of large enterprises to buy;
�� cycle of ups and downs type, influenced by economic cycles, such as automotive, aviation, steel, chemicals, etc., to see the specific economic circumstances, may be buy;
�� possible recovery type, can be bought;
[6] assets concealed type, such as cash, real estate, land, patents, franchises, buying
timeless value investing s Pension Buffett's shareholders meeting in person at the time, heard his explanation of value investing is so: principle is the same. I had to spend 10 million dollars to buy 20 million shares, with 10 billion now spent, or even 100 billion to the acquisition of a business principle is the same as its standard has not changed. If the principle can be outdated That principle is also called what? a lot of people are going to buy when the market rally. This is called the value of the investment? the real value of the investment is to buy after the stock market crash, and I do-raised funds, Many public fund this growth, growth, including many retail investors are into 4000 points, 5000 points into the after. And this time, when the stock market rose quickly rose to the high point, I would have quit. > In fact, Buffett's shares are basically all the money to buy after the crash. After his first fall, 1973, 1974, the U.S. stock market fell by 40%, bought the Washington Post, 10 million into 13 billion. The second is probably the stock market crash of 1987, the day down 22.6%, he in 1988, Coca-Cola bought in 1989, bought a 1.3 billion profit on a stock in which 100 billion. third time is the U.S. network bubble, 2001,2002, the U.S. stock market fell by half. Buffett believes that the time when the stock market is very popular it is difficult to make money.
as a representative of value investing, Lee Chi is also adhere to the share price fell after the buy. He said: I also went to a sightseeing tour. fell 2,500 below the trap, and I slept very relieved, because I hold the doll in the hands of gold. in terms of his value for the price is right, he can buy, but do not have to wait until the price. Buffett's size, he bought, it is possible to buy other people will follow, so as a representation in terms of After the crash it may be cheap, but in fact the core of his concept of the real market value is looked at to buy.
Buffett principle in China's stock market specific applications:
1, used to buy business method to buy stocks. Forget stocks, forget the market, key points to look at the stock company, assuming you will buy the business entity. more attention to the business enterprises in the real market conditions, operating conditions and so on. (Note: This is the investment very different concepts) there are several permanent investment in shares of Warren Buffett, that life may have in stock. This shows that the intrinsic value of his focus on business, he simply ignored it, and the attitude index is consistent from top to bottom. < br> 2, ask your heart, your own business is the emperor's new clothes, or a solid source of profits;
3, enthusiasm, happiness, honesty is the necessary condition for success; Chinese investors are not happy most of the time , watching the market's fluctuations, there is little reason for joy.
4, investment plans to be confidential. This prevents someone else's criticism and shaken their confidence.
5, abandon the technical analysis. Technical analysis is a lie person's investment. Here clarify, is not to find a similar large-cap stocks to euphemistically called aim is to obtain corporate earnings growth. (including dividends and corporate earnings value added).
7, financial security first. because of their research in order to prevent mistakes, which led to stock selection error, the purchase price of the stock options and real price gap must be large enough.
8, adhere to the study. It should be noted, most successful investors have a deep understanding of investment theory of people such as Warren Buffett (Columbia University, Master of Economics), Soros ( London School of Economics, Master). but not yet been finalized for the understanding of the macroeconomic importance of blocking action is the use of Soros pound development of the EU macroeconomic imbalances.
9, bear market investment theory is relatively easy to understand, especially for the value investment, bear market paved with gold, as long as you have enough patience and vision;
10, ratio must not be desperate to prevent the accidental errors;
11, the core of value investing is to uphold and against the trend of psychological investment. Because most people are wrong, either sheep or class of sheep are wrong. This is the most critical, is also closely related and investment purposes. because the real purpose of investing in stocks is the investment industry, so do not ignore the market's ups and downs. buy can watch, and wait for the dividend and the market price of value-added, do not have to guess the stock changes daily and prices.
12, the real value of stock options:
�� valuation by discounted cash flow model, the necessary rate of return over a 10-year Treasury rate. Why should I choose as a risk-free interest rate required rate of return on investment is a hundred percent for the lowest income security and point of view. Of course, according to Buffett's investment experience, simply choose the correct rate of return will be far more than the necessary rate of return.
�� the use of financial index analysis, such as earnings, book value and so on. the choice of financial indicators to take into account all the unknown factors, such as asset inventory to be considered part of the turnover and liquidity.
�� select growth companies. only the net value of the stock and real the ratio of the value will still fall into operating difficulties. because very often you can not find the real value of the specific value is less than 50% of the shares. and even find such a stock, the company mostly is a sunset industry, future growth cause for concern. That is why , the introduction of the concept of growth, the valuation for the company's growth.
�� with exclusivity and concession business. that the white monopoly-type enterprises, such as brand monopoly, monopoly, monopoly and other products. Here to stress, Do not be swayed by short-term market bearish as Insurance with the provision of 157 million (in the future may reach 23.8 billion) of the impairment loss, if there is no investment in Ping An Insurance worth it? not. any business may be in the development of setbacks, the key essence of business can decide whether damage to corporate value.
�� be familiar with the stock, do not touch the issue shares, subject shares. here is familiar with the company familiar with the market performance of stock prices is not , because Buffett does not look nearly stock market performance. by doing a lot of homework, familiar with a company's business and specific situation.
�� other content easily understood with reference to the principles of Buffett, is no longer here interpretation;
fact, investments in securities with a core, is the valuation of securities. The reason Buffett different, not what he invented a new method of valuation, but the choice of a number of different real targets. If required rate of return, price-earnings ratio, return on shareholder returns and so on, determined the choice of these indicators is relatively high and low stock price changes, but also determines the choice of investment decisions, and finally determines the success or failure of the investment.
excellent Buffett eyes Investors should have?
you?
Buffett: I think they can replicate this comprehensive concept. I was a man named BenGraham people to learn. I read what he told me, very good book. I think the investment, the most important thing is not always stare at prices rose or fell, the price is around the turn, but to look at it is a business. If you know this one transaction, you think you are paying for this business capital, then you should buy the stock. If you do not think this business is good, then do not buy. people tell you the stock to rise or fall in the end amount to nothing. to like to buy a farm, to purchase an apartment, a house or something else you need to understand is that this asset, the whole business, and then decide you are not worth the money, if you think not worth it even if the.
Reporter: In addition to individual investors to buy shares, should also do?
Buffett: The best thing you have to do is to invest on your own. If you can improve your , you can change a lot. When I talk with students, facing the young man, I always encourage them to invest their skills. If they can learn more and to better communicate, no matter how the future, no one take away from you these skills, inflation can not, no one can! you will have a better capital, so the best investment that you do run out all the stops for their investment.
Reporter: So, a good investor, you need to do with what kind of quality?
Buffett: I think we can learn to analyze a company, there are potential quality, both are important, some people are gifted in certain areas, But you can still learn a lot of things, you must control your emotions, if you are an emotional investor must be the failure of investors.
(for investors to follow their own, Buffett is willing to share of his investment philosophy, but he also hopes to television, to tell all investors, do not blindly follow anyone, including himself.)
Buffett: to have the ability to think logically, which is the same for others truth. so I do not care how others evaluate investment, I only care about the transaction itself, I try to understand, I try to think about this single transaction in 10 to 20 years will look like, as well as its expectations, if I feel good, and the attractive price, I'll buy it.
Reporter: What to buy you a stock price will soar, your investment in our oil and BYD frenzy when they saw this, how do you view your own this influence you? Buffett: I just bought a period of time I think the stock will appreciate, if no one knows what we buy, that's pretty good for me. I do not worry I am on the stock market influential, no one will buy what we buy stock which stock away to follow suit, they should choose the value that they believe the stock a good investment.
Reporter: But you do have influence on the stock market too. < br> Warren Buffett: I hope I do not have such influence.
(in the meeting with Warren Buffett, the exchange process, a reporter for China Buffett can feel the confidence and enthusiasm.) < br> Warren Buffett: But I bet the Chinese economy in the next ten or twenty years will be very good, I view the U.S. economy, too, I think China's economic growth will be faster, because its relatively low starting point But I think there will be a lot of good things will happen in China.
Fighting The stock market does not leave you defeat Huiyanshizhu
investment by Buffett's easy to understand the business
10 years of preparation, so even the ten minutes have not held such stock, Buffett's Berkshire. Hathaway 32 years of annual investment performance and the American Standard - Poor's 500 stock price index than the performance can be found in one of the 29 years Buffett beat the index, only three years behind index, which is more commendable is that five years into a bear trend when the U.S. stock market retreated on the occasion, Buffett was a record year 23 billion U.S. dollars of wealth, the stock selection method is also well worth studying global investors.
is modeled after Warren Buffett's stock picking master the basic school. Graham (Ben Graham) and Philip. Fisher (Philip Fisher). The first is a (Margin Of Safety) of prudent investment concepts, in his view, the end of the real value of the stock value Intrinsic value), namely, the existence of such stock , regardless of the market's performance. Because of his contribution to the quantitative analysis, has been recognized for his later father of financial analysis. Graham, > Fisher is advocating investment growth rate is higher than average, relative growth and has excellent profit management company. He and Graham, the biggest difference is that Fisher simply read the Company's financial report that is not sufficient to determine Should investment, and as far as possible from people familiar with the company to obtain first-hand information, this way the fund manager has become a prerequisite before picking. Buffett sucked the two investment approaches to be carried forward.
the end of 1996, Buffett's investment portfolio (Table omitted) illustrate, the market value of which accounted for eight major Berkshire holdings. Hathaway shares to the market value of $ 27,750,000,000 87% If such stock by the end of 1996 this rate of return be calculated so far, in 14-month portfolio return and further rose to 37.72%.
focused niche moving steadily
Buffett held the eight observed stocks, almost every stock is a household name the world's leading companies, including Coca-Cola is the world's largest beverage company, Gillette is to facilitate the razor 60% share of the global market, the American Express Card and American Express Bank traveler's checks are an essential tool for cross-border travel, Wells Fargo has the largest commercial real estate markets in California and among the top ten banks in the United States, the Federal Home Loan Mortgage Corporation are the two major U.S. home loan industry, one of Disney in the acquisition of large city / ABC after to become the world's largest communication and entertainment companies, McDonald's is also the world's largest fast-food industry, the Washington Post is one of America's most respected newspaper, far higher than the profitability of the industry .
of the common characteristics of these enterprises is that every company have a strong market niche, Buffett has made these companies have so-called ; commodities products, but consumers will still be across the street to find such products. and advantages of this product in the foreseeable future are very difficult to change, and this is his br> More importantly, companies such as Warren Buffett's business prospects for this very , because in too many cases the number of companies, the manager can not reach the operating conditions of each company, the results part of the funds actually increased the risk of loss.
sharp rise in the recent years, many high-tech stocks, Buffett also admitted because he can not know more about this industry, so he risk investment, as br> buy and overweight:
According to 5,605,314 shares 2. Waste management company Republic Services: buy 2,537,200 shares 3. Document and information management company Iron Mountain: buying 794,800 shares 4. surgical products maker Becton Dickinson: to buy 244,128 shares of
reduction:
It MarketWatch reported that Buffett holdings of the first quarter of Kraft Foods (Kraft Foods Inc.), Johnson & Johnson (Johnson & Johnson) and Procter & Gamble Company (Procter & Gamble Co.) shares.
submitted according to Monday U.S. securities regulators of the documents show, Buffett's holding company sold 23% stake in Kraft Foods, he was accused of Kraft in the acquisition of Cadbury (Cadbury PLC) when the bid is too high.
Berkshire . Hathaway also sold a health care company UnitedHealth Group Inc. and the health insurance giant Wellpoint Inc.'s position, which is caught in a public relations crisis and a new general meeting convened blamed. Meanwhile, Warren Buffett also sold the company for all SunTrust Bank (SunTrust Banks Inc.) equity, and sell a small amount of Travelers Cos.'s shares.
In addition, during the same period the stock holdings of Berkshire. Hathaway completed 270 billion acquisition of Burlington Northern Santa Fe Railway Company railroad transportation companies (Burlington Northern Santa Fe.) transactions. It is reported that Buffett also sold 80 billion in debt, and used to sell part of portfolio transactions for the financing of this railway .
Thursday, February 10, 2011
Prose summary of the quality and demeanor discussion
The quality essays and discussion of minutes
of grace: Essays China Forum (
Part I: speech
Yangxian Ping wrote: Today while reading the amount of people read this too, learned and knowledgeable art form he's accessible and deep penetration. Now, some critics or essayist to write something, you almost can find there in the shadow of the West and the source. Borges essay is clear, incomprehensible popular way of learning to speak out, and have their own creation and ideas, it is adhering to the!
personal opinion, the quality of prose is to health first, this is not to be ;, like SM or peeping, sexual desire, malice, or like endless desire can be solved; prose from the mind and manners, the writer personal disposition and temper, the truth and facts, the world's attitude and dreams, of course, requires knowledge and perceptive, good quality and modern human spirit, and so right.
Fufeng: always think, Wen Shi is a refined, it is called a gentle, should be the spirit of its inner core, the text is inclusive of the amount as magnanimity, and magnanimity of the several thousand years behind the characters through the ups and downs of manners, standing culture of Chinese characters so the jungle, ceremonies, whether it is war or the peace, the quality of Chinese etiquette and manners are and our progress with the pulse of this country . to do the text styles and each long scenery, make the text attitudes of Zi, the length of scenery, it is a hundred views of the garden, even for grass, also because he argued the elegant wind swaying, the text within the product section from China. on the Chinese context to discuss exploration in the quality and grace prose itself is a thing with the quality and grace, which due to the unique charm of Chinese. broad categories of Chinese literature, poetry, prose fiction, poetry is eyesight, the novel is a healthy limb, prose is lively splash of rhythm, such as essays, that is, line of business in the fresh example of prose, then from the tree people, the dagger of the rust blocking the rigid-flexible top grade, scratch across boots of the soldiers digestion manners, quality and grace essays shift, gradually moved beyond the essay. The whole situation of the contemporary prose about this, so look prose, contemporary look good or not, the reasons and the prose quality and has a lot to the absence of grace. just so so, we must look at our text who is thinking of chewing, digestion who is understanding, reflect on who the character, whose nest fell into the nest, do not have these people who are not refined stingy person, do not have the refined set of the text is the text. think of the quality and grace, I thought that eight people in Tang and Song, Tang and Song China's feudal history should be the appropriate environment for the growth of a variety of characters, we are classes in contemporary Mercedes, is that a real word is, we are now prose writers is not a lack of control over language ability, not lack of insight into the capacity of the environment, not a lack of capability to the survival of contemplation, the lack of fact, the text of the King pity and fear I think the text is not used to make work, it is used to rebirth people, especially prose, his first born. I know, the traditional text's efforts in this area too much stronger than our modern, we think the reflected in the text on the smart pale and useless, seriously affecting the quality of the prose and the grace of the very few high-definition wide, we should be back about tradition, not retro, do not be afraid it will affect our modern spirit, it only left us coquettish farther from the recent romantic, or they will go all the way to Bliss, the last such as duckweed, poetry as screaming, a story of fiction, prose as nonsense, a Curse of the Golden Flower of luxury. I am so the quality of the prose It is clear from the Tattler in the bones, the grace I so prose is written in the specific field. prose quality and grace in this proposition, for prose, is simple, but again, the words such as people, just gentle of a, Bin-bin is a polite, wanted to come to understand the ceremony will not be inferior to the quality of the text, lost grace.
Wang Kenan: mind how wide, how much prose alone, skill is only one mind to lead the newsboy, br> learned person may not be able to write good prose, know, not necessarily expressed, only as an aesthetic experience, when can the.
anything that involves human things sexual desire, evil thoughts or desires of the class of the endless expression, expressed, probably where the efforts of all players.
full Biao Yan: I thought the prose quality: First, the quality of the language (which determines the aesthetic and character), the second is the quality of the soul (which is the mind and Faith decides). the soul go, just like where prose. false words, and ultimately forgotten clean. prose is the overall strength of force is a manifestation of a man full of personality,
Wang Kenan: Essays and real false prose. I think the prose is certainly a false existence, some intentional, some unintentional. unintentional, such as Yang Shuo, he can not go beyond his time, as we can not go beyond the same as our time.
to people are afraid, always in the form of language and other skills there is always flooded, like this, Chinese intellectuals no bones, so the prose has not been rigid. Prose words and deeds from the personality of alienation, hypocrisy is the art of living people.
Wang Kenan: Your analysis is very thorough, sometimes I think the Chinese boss like a woman, then there are chaotic and uncertain, a so-called dialectics, and what also, can be explained two ways.
Zhang Liwen: Support discussion. These days my mind into the alcohol, feeling confused and lost Prose is a magic quality.
Recycled New: I think that good prose should be based on a progressive, conscientious approach to writing. language, thought, emotion, structure are indispensable. from being the opposite angle can be. prose narrow or broaden horizons have nothing to bear, the small to the beauty, the big situation. prose rhythm is very important, the lack of an essay or a wrong pace to lose the reading sustained interest. I think, prose, language expression of personality, thought to show accomplishment, attitude of emotional expression, structure, tempo display.
line for me is the most shocking prose: .
Feng Wenke: questioning is necessary. prose of the critical issue is whether the independent style. Some have argued prose essays should be returned to the leisure and entertainment, do not agree to assume too much responsibility for prose and mission, as for a woman back to the boudoir bound feet. obviously not. I actually think that the West define the very scientific prose: the novel itself is prose. the liberation of expressions and the liberation of mind, consciousness and mind really need.
Li Anping: the core of the quality of prose the problem is the author's literary qualities and philosophy of life and social and aesthetic insights! style of language is a mature writer, the external appearance and internal charm!
SONG Mo: I just do my best to use Language restore I see things as they are, as accurately as possible to express the thoughts expressed. I always feel that they have in mind, but if that is not understand, so are trying to learn how to be clear.
high Air Hong: same applies character Literary Quality!
you been up prairie: dialogue
Hengyang Yan: In the eyes of writers, essays and fiction become increasingly blurred boundaries, but the reader's eyes may not be so
Yangxian Ping Yan Hengyang: Yes
Recycled New: I sometimes have not quite sure, they think good articles, publications do not, and they think the article is still not very good on Recycled popular
Li Anping new: publication to face the market, is more likely readers!
Yangxian Ping Yan Hengyang: no need to feel like prose essays, fiction is fiction did not need to Hengyang
Yangxian Ping Yan: Essays are subjective feelings, the novel is an objective narrative
poison COM right Yangxian Ping: It makes sense
Yan Yang Xianping Hengyang right: that the pole is
Yangxian Ping Yan Hengyang:
Hengyang Yan pairs Yang Xianping: But how do editors do not like poison
COM right Yang Xianping: But this healthy, I think there are different interpretations < br> Yangxian Ping Yan Hengyang: can not edit the preferences to determine their own writing Hengyang
Yangxian Ping Yan: Do not write
Yang Xianping whom Yan Hengyang: North of their own
Fufeng: Fiction Confucius, essays North of Zhuangzi
Yang Xianping right Fufeng: Oh, well said
mysterious one: the new philosophy is I
Recycled: Yang Xiong's article is indeed from the depths of the move, and I think your personal comprehensive factors play a significant role with the knowledge
walking on the North of Fufeng: Classic COM for Yang Xianping ah
poison: for example, take the trouble of writing a dialogue with the grass one afternoon, or guess the grass all the possible ( such as the grass may not yet blind, etc.), this is not the health
Yang Xianping essays on poison COM:
think is a reasonable walking on the Yang Xianping: Ahem:) Fufeng Profound low-key one in North
: Greetings:)
Yang Xianping the poison COM: Subject to the premise of human nature and morality, any ideas are normal.
poison COM right Yangxian Ping: Because a lot of speculation that the secular side management experience in the most basic
Yang Xianping the poison COM: think is reasonable??
walking right Yang Xianping: ah, that is, how to write is right
poison COM right Yang Xianping: No
Hengyang Yan pairs Yang Xianping: South Pacific Bank Series really see something new
Yang Xianping right Recycled: Thank you, brother
Yangxian Ping Xiao Yan Hengyang: to do a few years, or some level. also like to get low-key word-processing, especially in rural.
Yang Xianping Hengyang Yan: the real poetry is more important than the right
Hengyang Yan Yang Xianping: this is
Li Anping right Yang Xianping: Essays challenge is corruption and the excessive quality to meet the public's taste
Recycled New: In fact, rural taste is very suitable for low-key writing
poison COM right Yang Xianping: truth is important, poetry is also important. because of the first literary arts, there is no point of artistic beauty, white torn!
Li Anping Yang Xianping right: It is inevitable to meet the prose prose magazine led to the exploration of kitsch dropped.
North of Fufeng: I like the group of South Pacific Bank, which has abundant heritage
poison COM for Yang Xianping: I have never opposed to the prose as a tool for the mind
Yang Xianping the poison COM: you confuse poetry and poetic, or not distinguish between the poison walking
COM: What do you prose when?
North of Fufeng: set the original magazine Poisons are not booked
COM right walking: simply, is the story
Li Anping right Yang Xianping: this led to the decline of prose Mi!
poison COM right walking: You can also as a pair of mysterious old woman chatting
poison COM: prose reflects the thinking of the individual, whether the extent of spread depends on the mass resonance is walking on two-way choice
poison COM: in front of that prose is coupled with the subjective emotional that is to say that the storytelling prose
Yang Xianping Profound one: the original is: Literature and Art is the expression of emotions most people desire and spirit of the requirements!
Recycled new: we feel do not feel like the Fuka and Borges are very lacking in their lives, so before entering the deeper inner situation?
Hengyang Yan on walking: it is not to dramatize the prose you
Hyun Yang Xianping on one: the secular resonance in the a synthesis of experiences that occur under the new
Yang Xianping on Recycled: Borges book read more about the superior ability. He can do all things dissolve in one, and we are not followers of a lack of knowledge, but thought, there are quality and demeanor!
walking Hengyang Yan: No, I made a joke with the poison of poison COM right walking addition
: Anyway, I think that not so many rules of prose literacy The should be able to write.
walking the poison COM: This I agree with
Li Anping right Yang Xianping: Prose support current over-reliance on the main skeleton of foreign literature which is very dangerous!
the slow poison COM go: Also, I do not agree with some imaginary and groundless speculation specific matters.
a pair of mysterious poison COM: Essays to learn new and difficult to attack
Recycled: I agree with Yang Xiong's idea, I was reading his novel
Yang Xianping the poison COM: what story is fiction.
the poison Hengyang Yan COM: the ability to write and write is the poison from the
Yang Xianping COM: prose is emotional, is a fragment.
Poisons COM Profound one: in fact, little to listen to some theories, but also good for writing essays.
mysterious pair of Yang Xianping: whether the resonance is not in consideration of the previous write, and eventually be recognized as a process it.
Li Anping Yang Xianping right: innovative style and content updates there is a difference
Li Anping right Yangxian Ping: why now all of us to give up on the relentless pursuit of
mother tongue to express a pair of mysterious poison COM: standing and life proper distance, is more suitable for writing prose.
a poison COM Profound: The Li Anping
Yang Xianping right: mother tongue is the basic means of operation, is the ultimate.
poison COM Profound One: Because I think the first essay The first is a kind of art.
Li Anping Yang Xianping right: all the reference and language used are eventually integrated into the art itself
sweater right Yang Xianping: hate to write so gorgeous prose or obscure.
Yang Xianping right sweater: I am also a pair of mysterious poison
COM: essays first become an idea, and then expressed in words as a means of expression determined by the nature of literary poison COM Profound
one: If an article does not literary feeling, if thinking of a powerful giant correct, how?
a pair of mysterious poison COM: essays first become an idea, and then expressed in words as a means of expression determined by the nature of art.
poison COM on Genichi: Thought book altogether good read.
Li Anping right Yangxian Ping: I think this is the mother tongue to express at least one weakened.
a pair of mysterious poison COM: Oh, literary prose is thought not to see address book.
COM Profound a poison: too right
Yang Xianping the poison COM: the same thing.
a pair of mysterious poison COM: Mr. Lu said as the three Chinese characters, like the United States, prose is the same , Italian American, Sound and Form.
Li Anping right Yang Xianping: learning is necessary, but not everything.
poison COM right Yang Xianping: solid
Yang Xianping text Xiongtai the poison COM: Literature experience of human emotion and secular, and the utopia of self-structure.
poison COM Profound one: agree agree
a pair of mysterious poison COM: eventually settled into the a pair of complementary
mysterious poison COM: never seen Oh I went to library to introduce the poison
Yang Xianping COM: Do not beat him to death on
involved: the feelings of their own prose, not preach to others < br> Li Anping right Yang Xianping: either standing on the level of fracture risk
poison COM right Yangxian Ping: Well
discussion poison COM right Yangxian Ping: I mean, I do
Yang Xianping view the poison COM: Essays do not need to look good
Yang Xianping the poison COM:
comfortable walking right but need to involve months: Ha ha ha, agreed to agree
fully agree with Yang Xianping clouds the view on.
Yang Xianping the poison COM: the so-called The story of a good novelist
Yang Xianping talk to the poison COM: the essence of the novel is the story of the poison
Genichi COM: Essays insight, it is plain, as if standing in line, often limited to not more than the natural carving like walking right Yang Xianping
: just in front of said shaped the United States, said here do not look good how?
poison COM right Yangxian Ping: I like to see the kind of prose is getting close to the matter by means of literature and art secret, the expression of a personal discovery (of course this is not true that perhaps the poison
Yang Xianping COM: I said that prose is emotional, and novels of life, drama is the fate of poetry is the poison mind
Yang Xianping COM: Although some
Yang Xianping simply the poison COM: but local right
Hengyang Yan pairs Yang Xianping: Is smooth
comfortable sweater right Yang Xianping: emotional or Qingsu?
Yang Xianping Hengyang Yan: the flow must be The monthly
involved: Yes
Yangxian Ping Yan Hengyang: ah
Recycled but not the only New: Essays I think it is a personal space, reproduction or representation of a unique space, as people like to how to to express, indeed in different ways
a pair of mysterious poison COM: comfortable rhythm of writing contains, temperament and the like
Yangxian Ping Yan Hengyang: for example, some of your prose
Yangxian Ping Yan Hengyang: not smooth , but it seems very comfortable on the Yang Xianping
Hengyang Yan: I was going to listen to
mysterious one: the rhythm of writing contains comfortable, temperament and the like, looking more deeply than those of the mysterious one
poison COM: You see to have something behind the words Li Anping
a pair of mysterious: the Hengyang
Yangxian Ping Yan: the expression of your own
Yangxian Ping Yan Hengyang: language degree of relaxation
Yangxian Ping Yan Hengyang: Poetry Hengyang not hypocritical
Yan Yang Xianping: ah
involved is a good month: Please read the Yueyang Tower glance poison prose
COM for Yang Xianping: I think that all the essays are mostly caused by taking the perspective of narrative. angle different narrative experience is different, the quality of prose is different the
poison COM right Yang Xianping: this is the largest Key Essays (
Yang Xianping personally think that the poison COM: the poison completely different thing
Li Anping COM: point of view does not mean that the quality of a pair of mysterious poison
COM: real feeling of life on the plain deep thinking, or they decided to poison prose efforts
COM right Yang Xianping: low angle, the article largely died , because of the angle depends on the author's insight and intelligence of
【Notice】 lemon break away
Recycled New: I do not agree with narrative point of view is a pair of mysterious technical problems
poison COM: how to observe and experience to things, with more realistic forms to display, it should also be important, is the language on the issue. technology is only secondary, really good article, Li Anping technology in intangible
the poison COM: how photography explain it?
Recycled new: for example, the article said Yang Xiong, particularly on the rural thing is to this point of view to others, he can write?
poison of Li Anping COM: pay attention to camera angles are < br> Yang Xianping right Ling Yan: wenhao
Li Cun had just Yang Xianping: this two-day meeting
poison COM right Yangxian Ping: I can hardly express clearly ah
Li Yang Xianping kept just right: the new head of
Recycled: angle I see it, is a very potential values of the poison
Yang Xianping COM: knowledge and love of
Lingyan right Yang Xianping: Good evening
involved Ling Yan on right: When you talk
Yang Xianping right Poison COM: is the experience and described the situation determines the angle of
poison COM right Yangxian Ping: Yeah
poison COM right Yangxian Ping: I wanted to illustrate the poison truth
Yang Xianping COM: rather than experience and intelligence determines the knowledge and love of the poison
Yang Xianping COM: Oh
open right Yangxian Ping Wang: Yes. I do not normally here the poison
Li Anping COM: point set, the only in the mind of up to no good by not less than?
walking the poison COM: the rural perspective of the Old Yang substitutions to write, I am afraid that nothing that man can write
poison COM right Yang Xianping: I wanted to illustrate this truth
Yang Xianping the poison COM: insight and intelligence rather than experience and intelligence determines the poison of
Yang Xianping COM: Oh
opening pair Wang Yang Xianping: Good. I do not normally
Li Anping right here Poison COM: point set, before his mind's no good in the near future do not meet?
walking on the poison COM: the rural perspective of the Old Yang substitutions to write, I am afraid that nothing that man can write
walking the poison COM: This illustrates that the technology needs some support!
Ling Yan pairs involved in months: Zixuan ah man .. here I can only see a corner of the work
chat ... Poisons COM on walking: In fact, the group is not old Yang as good
imagine walking on the poison COM: This support is the knowledge and love of the bar.
poison COM on walking: in fact, that old Yang group is not quite that good
Li Anping, the poison COM: knowledge, depth of thinking, perception of life, these are very important!
Yang Xianping right Recycled New: build a new narrative solid
poison brother COM right walking: Xian Ping Li good at revealing the essence of things
had just kept walking clapping praise!
Yang Xianping right XIAO new: Poison poison floating some
COM right walking: but also close to the instructions of the
walking the poison COM: quack
Yang Xianping right Recycled New: build a new COM brother described a solid pair of walking
Poisons: Xian Ping good at revealing the essence of things had just kept walking
applauded Lee praised!
Xiao Yang Xianping right Jianxin: Poison
Recycled Floating some new: I am so confused, I do not know how to write
walking the poison COM: I guess you, this pair of walking
poison COM: freely Well < br> walking on the poison COM: not immediately Jiecha is right on Recycled
Yang Xianping new: how to free how to write
Lee had just kept walking: there is almost A?
Li Anping for Yang Xianping: I recently caught confused, guide guide ah!
mysterious pair of Zhu Zhaomin: What kind of prose that has the quality and manner it can be more deeply rooted.
Zhu Zhaomin Profound A: First of all, artists in the text where one can feel the warmth, able to spiritual grace to get through the text there is a
Zhu Zhaomin Profound one: May a person
cream: do not you study music?
Li Anping fully agree with Zhu Zhaomin view.
a pair of Zhuchao Min Xuan: This say, write the person is not exposed some of their own lives to do?
Zhu Zhaomin Profound one: there is in that sense. But I do not agree with exposure. is self-awareness.
mysterious pair of Zhuzhao Min: I do not agree. just think there is such a means, not very good grasp.
of grace: Essays China Forum (
Part I: speech
Yangxian Ping wrote: Today while reading the amount of people read this too, learned and knowledgeable art form he's accessible and deep penetration. Now, some critics or essayist to write something, you almost can find there in the shadow of the West and the source. Borges essay is clear, incomprehensible popular way of learning to speak out, and have their own creation and ideas, it is adhering to the!
personal opinion, the quality of prose is to health first, this is not to be ;, like SM or peeping, sexual desire, malice, or like endless desire can be solved; prose from the mind and manners, the writer personal disposition and temper, the truth and facts, the world's attitude and dreams, of course, requires knowledge and perceptive, good quality and modern human spirit, and so right.
Fufeng: always think, Wen Shi is a refined, it is called a gentle, should be the spirit of its inner core, the text is inclusive of the amount as magnanimity, and magnanimity of the several thousand years behind the characters through the ups and downs of manners, standing culture of Chinese characters so the jungle, ceremonies, whether it is war or the peace, the quality of Chinese etiquette and manners are and our progress with the pulse of this country . to do the text styles and each long scenery, make the text attitudes of Zi, the length of scenery, it is a hundred views of the garden, even for grass, also because he argued the elegant wind swaying, the text within the product section from China. on the Chinese context to discuss exploration in the quality and grace prose itself is a thing with the quality and grace, which due to the unique charm of Chinese. broad categories of Chinese literature, poetry, prose fiction, poetry is eyesight, the novel is a healthy limb, prose is lively splash of rhythm, such as essays, that is, line of business in the fresh example of prose, then from the tree people, the dagger of the rust blocking the rigid-flexible top grade, scratch across boots of the soldiers digestion manners, quality and grace essays shift, gradually moved beyond the essay. The whole situation of the contemporary prose about this, so look prose, contemporary look good or not, the reasons and the prose quality and has a lot to the absence of grace. just so so, we must look at our text who is thinking of chewing, digestion who is understanding, reflect on who the character, whose nest fell into the nest, do not have these people who are not refined stingy person, do not have the refined set of the text is the text. think of the quality and grace, I thought that eight people in Tang and Song, Tang and Song China's feudal history should be the appropriate environment for the growth of a variety of characters, we are classes in contemporary Mercedes, is that a real word is, we are now prose writers is not a lack of control over language ability, not lack of insight into the capacity of the environment, not a lack of capability to the survival of contemplation, the lack of fact, the text of the King pity and fear I think the text is not used to make work, it is used to rebirth people, especially prose, his first born. I know, the traditional text's efforts in this area too much stronger than our modern, we think the reflected in the text on the smart pale and useless, seriously affecting the quality of the prose and the grace of the very few high-definition wide, we should be back about tradition, not retro, do not be afraid it will affect our modern spirit, it only left us coquettish farther from the recent romantic, or they will go all the way to Bliss, the last such as duckweed, poetry as screaming, a story of fiction, prose as nonsense, a Curse of the Golden Flower of luxury. I am so the quality of the prose It is clear from the Tattler in the bones, the grace I so prose is written in the specific field. prose quality and grace in this proposition, for prose, is simple, but again, the words such as people, just gentle of a, Bin-bin is a polite, wanted to come to understand the ceremony will not be inferior to the quality of the text, lost grace.
Wang Kenan: mind how wide, how much prose alone, skill is only one mind to lead the newsboy, br> learned person may not be able to write good prose, know, not necessarily expressed, only as an aesthetic experience, when can the.
anything that involves human things sexual desire, evil thoughts or desires of the class of the endless expression, expressed, probably where the efforts of all players.
full Biao Yan: I thought the prose quality: First, the quality of the language (which determines the aesthetic and character), the second is the quality of the soul (which is the mind and Faith decides). the soul go, just like where prose. false words, and ultimately forgotten clean. prose is the overall strength of force is a manifestation of a man full of personality,
Wang Kenan: Essays and real false prose. I think the prose is certainly a false existence, some intentional, some unintentional. unintentional, such as Yang Shuo, he can not go beyond his time, as we can not go beyond the same as our time.
to people are afraid, always in the form of language and other skills there is always flooded, like this, Chinese intellectuals no bones, so the prose has not been rigid. Prose words and deeds from the personality of alienation, hypocrisy is the art of living people.
Wang Kenan: Your analysis is very thorough, sometimes I think the Chinese boss like a woman, then there are chaotic and uncertain, a so-called dialectics, and what also, can be explained two ways.
Zhang Liwen: Support discussion. These days my mind into the alcohol, feeling confused and lost Prose is a magic quality.
Recycled New: I think that good prose should be based on a progressive, conscientious approach to writing. language, thought, emotion, structure are indispensable. from being the opposite angle can be. prose narrow or broaden horizons have nothing to bear, the small to the beauty, the big situation. prose rhythm is very important, the lack of an essay or a wrong pace to lose the reading sustained interest. I think, prose, language expression of personality, thought to show accomplishment, attitude of emotional expression, structure, tempo display.
line for me is the most shocking prose: .
Feng Wenke: questioning is necessary. prose of the critical issue is whether the independent style. Some have argued prose essays should be returned to the leisure and entertainment, do not agree to assume too much responsibility for prose and mission, as for a woman back to the boudoir bound feet. obviously not. I actually think that the West define the very scientific prose: the novel itself is prose. the liberation of expressions and the liberation of mind, consciousness and mind really need.
Li Anping: the core of the quality of prose the problem is the author's literary qualities and philosophy of life and social and aesthetic insights! style of language is a mature writer, the external appearance and internal charm!
SONG Mo: I just do my best to use Language restore I see things as they are, as accurately as possible to express the thoughts expressed. I always feel that they have in mind, but if that is not understand, so are trying to learn how to be clear.
high Air Hong: same applies character Literary Quality!
you been up prairie: dialogue
Hengyang Yan: In the eyes of writers, essays and fiction become increasingly blurred boundaries, but the reader's eyes may not be so
Yangxian Ping Yan Hengyang: Yes
Recycled New: I sometimes have not quite sure, they think good articles, publications do not, and they think the article is still not very good on Recycled popular
Li Anping new: publication to face the market, is more likely readers!
Yangxian Ping Yan Hengyang: no need to feel like prose essays, fiction is fiction did not need to Hengyang
Yangxian Ping Yan: Essays are subjective feelings, the novel is an objective narrative
poison COM right Yangxian Ping: It makes sense
Yan Yang Xianping Hengyang right: that the pole is
Yangxian Ping Yan Hengyang:
Hengyang Yan pairs Yang Xianping: But how do editors do not like poison
COM right Yang Xianping: But this healthy, I think there are different interpretations < br> Yangxian Ping Yan Hengyang: can not edit the preferences to determine their own writing Hengyang
Yangxian Ping Yan: Do not write
Yang Xianping whom Yan Hengyang: North of their own
Fufeng: Fiction Confucius, essays North of Zhuangzi
Yang Xianping right Fufeng: Oh, well said
mysterious one: the new philosophy is I
Recycled: Yang Xiong's article is indeed from the depths of the move, and I think your personal comprehensive factors play a significant role with the knowledge
walking on the North of Fufeng: Classic COM for Yang Xianping ah
poison: for example, take the trouble of writing a dialogue with the grass one afternoon, or guess the grass all the possible ( such as the grass may not yet blind, etc.), this is not the health
Yang Xianping essays on poison COM:
think is a reasonable walking on the Yang Xianping: Ahem:) Fufeng Profound low-key one in North
: Greetings:)
Yang Xianping the poison COM: Subject to the premise of human nature and morality, any ideas are normal.
poison COM right Yangxian Ping: Because a lot of speculation that the secular side management experience in the most basic
Yang Xianping the poison COM: think is reasonable??
walking right Yang Xianping: ah, that is, how to write is right
poison COM right Yang Xianping: No
Hengyang Yan pairs Yang Xianping: South Pacific Bank Series really see something new
Yang Xianping right Recycled: Thank you, brother
Yangxian Ping Xiao Yan Hengyang: to do a few years, or some level. also like to get low-key word-processing, especially in rural.
Yang Xianping Hengyang Yan: the real poetry is more important than the right
Hengyang Yan Yang Xianping: this is
Li Anping right Yang Xianping: Essays challenge is corruption and the excessive quality to meet the public's taste
Recycled New: In fact, rural taste is very suitable for low-key writing
poison COM right Yang Xianping: truth is important, poetry is also important. because of the first literary arts, there is no point of artistic beauty, white torn!
Li Anping Yang Xianping right: It is inevitable to meet the prose prose magazine led to the exploration of kitsch dropped.
North of Fufeng: I like the group of South Pacific Bank, which has abundant heritage
poison COM for Yang Xianping: I have never opposed to the prose as a tool for the mind
Yang Xianping the poison COM: you confuse poetry and poetic, or not distinguish between the poison walking
COM: What do you prose when?
North of Fufeng: set the original magazine Poisons are not booked
COM right walking: simply, is the story
Li Anping right Yang Xianping: this led to the decline of prose Mi!
poison COM right walking: You can also as a pair of mysterious old woman chatting
poison COM: prose reflects the thinking of the individual, whether the extent of spread depends on the mass resonance is walking on two-way choice
poison COM: in front of that prose is coupled with the subjective emotional that is to say that the storytelling prose
Yang Xianping Profound one: the original is: Literature and Art is the expression of emotions most people desire and spirit of the requirements!
Recycled new: we feel do not feel like the Fuka and Borges are very lacking in their lives, so before entering the deeper inner situation?
Hengyang Yan on walking: it is not to dramatize the prose you
Hyun Yang Xianping on one: the secular resonance in the a synthesis of experiences that occur under the new
Yang Xianping on Recycled: Borges book read more about the superior ability. He can do all things dissolve in one, and we are not followers of a lack of knowledge, but thought, there are quality and demeanor!
walking Hengyang Yan: No, I made a joke with the poison of poison COM right walking addition
: Anyway, I think that not so many rules of prose literacy The should be able to write.
walking the poison COM: This I agree with
Li Anping right Yang Xianping: Prose support current over-reliance on the main skeleton of foreign literature which is very dangerous!
the slow poison COM go: Also, I do not agree with some imaginary and groundless speculation specific matters.
a pair of mysterious poison COM: Essays to learn new and difficult to attack
Recycled: I agree with Yang Xiong's idea, I was reading his novel
Yang Xianping the poison COM: what story is fiction.
the poison Hengyang Yan COM: the ability to write and write is the poison from the
Yang Xianping COM: prose is emotional, is a fragment.
Poisons COM Profound one: in fact, little to listen to some theories, but also good for writing essays.
mysterious pair of Yang Xianping: whether the resonance is not in consideration of the previous write, and eventually be recognized as a process it.
Li Anping Yang Xianping right: innovative style and content updates there is a difference
Li Anping right Yangxian Ping: why now all of us to give up on the relentless pursuit of
mother tongue to express a pair of mysterious poison COM: standing and life proper distance, is more suitable for writing prose.
a poison COM Profound: The Li Anping
Yang Xianping right: mother tongue is the basic means of operation, is the ultimate.
poison COM Profound One: Because I think the first essay The first is a kind of art.
Li Anping Yang Xianping right: all the reference and language used are eventually integrated into the art itself
sweater right Yang Xianping: hate to write so gorgeous prose or obscure.
Yang Xianping right sweater: I am also a pair of mysterious poison
COM: essays first become an idea, and then expressed in words as a means of expression determined by the nature of literary poison COM Profound
one: If an article does not literary feeling, if thinking of a powerful giant correct, how?
a pair of mysterious poison COM: essays first become an idea, and then expressed in words as a means of expression determined by the nature of art.
poison COM on Genichi: Thought book altogether good read.
Li Anping right Yangxian Ping: I think this is the mother tongue to express at least one weakened.
a pair of mysterious poison COM: Oh, literary prose is thought not to see address book.
COM Profound a poison: too right
Yang Xianping the poison COM: the same thing.
a pair of mysterious poison COM: Mr. Lu said as the three Chinese characters, like the United States, prose is the same , Italian American, Sound and Form.
Li Anping right Yang Xianping: learning is necessary, but not everything.
poison COM right Yang Xianping: solid
Yang Xianping text Xiongtai the poison COM: Literature experience of human emotion and secular, and the utopia of self-structure.
poison COM Profound one: agree agree
a pair of mysterious poison COM: eventually settled into the a pair of complementary
mysterious poison COM: never seen Oh I went to library to introduce the poison
Yang Xianping COM: Do not beat him to death on
involved: the feelings of their own prose, not preach to others < br> Li Anping right Yang Xianping: either standing on the level of fracture risk
poison COM right Yangxian Ping: Well
discussion poison COM right Yangxian Ping: I mean, I do
Yang Xianping view the poison COM: Essays do not need to look good
Yang Xianping the poison COM:
comfortable walking right but need to involve months: Ha ha ha, agreed to agree
fully agree with Yang Xianping clouds the view on.
Yang Xianping the poison COM: the so-called The story of a good novelist
Yang Xianping talk to the poison COM: the essence of the novel is the story of the poison
Genichi COM: Essays insight, it is plain, as if standing in line, often limited to not more than the natural carving like walking right Yang Xianping
: just in front of said shaped the United States, said here do not look good how?
poison COM right Yangxian Ping: I like to see the kind of prose is getting close to the matter by means of literature and art secret, the expression of a personal discovery (of course this is not true that perhaps the poison
Yang Xianping COM: I said that prose is emotional, and novels of life, drama is the fate of poetry is the poison mind
Yang Xianping COM: Although some
Yang Xianping simply the poison COM: but local right
Hengyang Yan pairs Yang Xianping: Is smooth
comfortable sweater right Yang Xianping: emotional or Qingsu?
Yang Xianping Hengyang Yan: the flow must be The monthly
involved: Yes
Yangxian Ping Yan Hengyang: ah
Recycled but not the only New: Essays I think it is a personal space, reproduction or representation of a unique space, as people like to how to to express, indeed in different ways
a pair of mysterious poison COM: comfortable rhythm of writing contains, temperament and the like
Yangxian Ping Yan Hengyang: for example, some of your prose
Yangxian Ping Yan Hengyang: not smooth , but it seems very comfortable on the Yang Xianping
Hengyang Yan: I was going to listen to
mysterious one: the rhythm of writing contains comfortable, temperament and the like, looking more deeply than those of the mysterious one
poison COM: You see to have something behind the words Li Anping
a pair of mysterious: the Hengyang
Yangxian Ping Yan: the expression of your own
Yangxian Ping Yan Hengyang: language degree of relaxation
Yangxian Ping Yan Hengyang: Poetry Hengyang not hypocritical
Yan Yang Xianping: ah
involved is a good month: Please read the Yueyang Tower glance poison prose
COM for Yang Xianping: I think that all the essays are mostly caused by taking the perspective of narrative. angle different narrative experience is different, the quality of prose is different the
poison COM right Yang Xianping: this is the largest Key Essays (
Yang Xianping personally think that the poison COM: the poison completely different thing
Li Anping COM: point of view does not mean that the quality of a pair of mysterious poison
COM: real feeling of life on the plain deep thinking, or they decided to poison prose efforts
COM right Yang Xianping: low angle, the article largely died , because of the angle depends on the author's insight and intelligence of
【Notice】 lemon break away
Recycled New: I do not agree with narrative point of view is a pair of mysterious technical problems
poison COM: how to observe and experience to things, with more realistic forms to display, it should also be important, is the language on the issue. technology is only secondary, really good article, Li Anping technology in intangible
the poison COM: how photography explain it?
Recycled new: for example, the article said Yang Xiong, particularly on the rural thing is to this point of view to others, he can write?
poison of Li Anping COM: pay attention to camera angles are < br> Yang Xianping right Ling Yan: wenhao
Li Cun had just Yang Xianping: this two-day meeting
poison COM right Yangxian Ping: I can hardly express clearly ah
Li Yang Xianping kept just right: the new head of
Recycled: angle I see it, is a very potential values of the poison
Yang Xianping COM: knowledge and love of
Lingyan right Yang Xianping: Good evening
involved Ling Yan on right: When you talk
Yang Xianping right Poison COM: is the experience and described the situation determines the angle of
poison COM right Yangxian Ping: Yeah
poison COM right Yangxian Ping: I wanted to illustrate the poison truth
Yang Xianping COM: rather than experience and intelligence determines the knowledge and love of the poison
Yang Xianping COM: Oh
open right Yangxian Ping Wang: Yes. I do not normally here the poison
Li Anping COM: point set, the only in the mind of up to no good by not less than?
walking the poison COM: the rural perspective of the Old Yang substitutions to write, I am afraid that nothing that man can write
poison COM right Yang Xianping: I wanted to illustrate this truth
Yang Xianping the poison COM: insight and intelligence rather than experience and intelligence determines the poison of
Yang Xianping COM: Oh
opening pair Wang Yang Xianping: Good. I do not normally
Li Anping right here Poison COM: point set, before his mind's no good in the near future do not meet?
walking on the poison COM: the rural perspective of the Old Yang substitutions to write, I am afraid that nothing that man can write
walking the poison COM: This illustrates that the technology needs some support!
Ling Yan pairs involved in months: Zixuan ah man .. here I can only see a corner of the work
chat ... Poisons COM on walking: In fact, the group is not old Yang as good
imagine walking on the poison COM: This support is the knowledge and love of the bar.
poison COM on walking: in fact, that old Yang group is not quite that good
Li Anping, the poison COM: knowledge, depth of thinking, perception of life, these are very important!
Yang Xianping right Recycled New: build a new narrative solid
poison brother COM right walking: Xian Ping Li good at revealing the essence of things
had just kept walking clapping praise!
Yang Xianping right XIAO new: Poison poison floating some
COM right walking: but also close to the instructions of the
walking the poison COM: quack
Yang Xianping right Recycled New: build a new COM brother described a solid pair of walking
Poisons: Xian Ping good at revealing the essence of things had just kept walking
applauded Lee praised!
Xiao Yang Xianping right Jianxin: Poison
Recycled Floating some new: I am so confused, I do not know how to write
walking the poison COM: I guess you, this pair of walking
poison COM: freely Well < br> walking on the poison COM: not immediately Jiecha is right on Recycled
Yang Xianping new: how to free how to write
Lee had just kept walking: there is almost A?
Li Anping for Yang Xianping: I recently caught confused, guide guide ah!
mysterious pair of Zhu Zhaomin: What kind of prose that has the quality and manner it can be more deeply rooted.
Zhu Zhaomin Profound A: First of all, artists in the text where one can feel the warmth, able to spiritual grace to get through the text there is a
Zhu Zhaomin Profound one: May a person
cream: do not you study music?
Li Anping fully agree with Zhu Zhaomin view.
a pair of Zhuchao Min Xuan: This say, write the person is not exposed some of their own lives to do?
Zhu Zhaomin Profound one: there is in that sense. But I do not agree with exposure. is self-awareness.
mysterious pair of Zhuzhao Min: I do not agree. just think there is such a means, not very good grasp.
Wednesday, February 9, 2011
Jiangxi coal mine production safety situation improved year by year
Jiangxi Province, the coal mine production safety work safety a top priority as a task, through the refinement of the system, improve the security network, and deepen the special regulation, the province's coal mine production safety situation improved year by year.
According to Jiangxi Provincial Bureau of Coal prison, the potential accidents and strive to consolidate the basis for mine safety. Monitoring agencies at all levels in Jiangxi Coal Mine, mine safety supervision departments and the joint efforts of business, successful implementation of Jiangxi province coal mine production safety situation than the 91 people die each year, the annual average than the Following 2010, the province millions of tons of raw coal production decreased mortality over the previous year 0.37, a decline of 14.9%, mortality million tons of the best levels since the founding of Jiangxi Province. (Xinhua Cai Fu Jin)
According to Jiangxi Provincial Bureau of Coal prison, the potential accidents and strive to consolidate the basis for mine safety. Monitoring agencies at all levels in Jiangxi Coal Mine, mine safety supervision departments and the joint efforts of business, successful implementation of Jiangxi province coal mine production safety situation than the 91 people die each year, the annual average than the Following 2010, the province millions of tons of raw coal production decreased mortality over the previous year 0.37, a decline of 14.9%, mortality million tons of the best levels since the founding of Jiangxi Province. (Xinhua Cai Fu Jin)
Tuesday, February 8, 2011
Comments Yaochen Fu wife divorce ended long ago warning cause for regret and feelings of
Yao Chen and Xiao Su after all, did not escape the To make a separate decision to be announced to the public will not be hasty and sloppy, the attitude of the media from the two seems, in fact,
healing from the show affection to speak the official Yao Chen cavity
2010 year, journalists have been YAO interview, when asked her popular reputation far more than her husband Xiao Su, whether it would cause pressure on the smiling Chen Yao told reporters: the same. He is a very artistic man, he would not care about fame, status of these things, he will wholeheartedly focus on performance. If he does not care, I would never much thought. feelings. Then, Yao Chen began to leave, to accompany the old Guangzhou Ling to filming, the movie is Yao Chen in kiss was as long as ten minutes.
that time, Yao Chen often show affection in the media, not upload photos that tell a small piece between the two, warm and sweet. In early April, but all the old Ling is the art of ridicule her home's Chen Yao no longer show affection not disappear from the media, but is more active, and she switched to HY, because of starred in her attention straight up.
Four months later, did not mention the old but also for Chen Yao Ling starred in inevitable to outsiders unfamiliar with the word that, after all, observer Well.
not take the initiative now that the old Yao Chen Ling, she is willing to discuss with friends live, grow, love and other topics, and occasionally sighed like a child she would see a friend's house twin sister, she is not calm the. Last December 15 and January 23 this year, she twice warned fans becomes empty. Activities in the recent interview, Chen Yao Ling face the problem looked old and tired and confused some of the staff by the
Subject co-Ju Tan Chuan
old wife Ling change of heart
ineloquent Xiao Su has been very low key, with his exposure are basically the emergence of Yao Chen. Perhaps deliberately to do this, the old Chen Ling and Yao is not much chance of the same stage, only While the old denied Yao Chen Ling will give him popular pressure, but this is true, he began gradually to avoid YAO topic. In the film, But at least the publicity,
Xiao Su was not romantic, and Yao Chen with the days to come, as two more of a mundane life. But in the end of September last year, the Golden Eagle TV Art Festival, the old Ling changed their attitude, not the scene he recorded a confession Yao Chen VCR a thousand flowers with love spells. This romantic action in return is Yao Chen a It now appears that at the time of marriage there have been two cracks, the old Ling just do remedial work.
Xiao Su and two weeks ago, Ling slightly embarrassing old at the time, the commitment Trying to save the marriage of old and Yao Chen Ling eventually parted ways.
entertainment stars how to protect the love?
love is always under the spotlight high-profile, which allows the parties Yao Chen and Xiao Su became a model couple model, mutual support, through the past ten years, but everything is fixed in the January 28, 2011. From an unknown actor to today's Huayi a sister, Yao Chen's meteoric rise is bound to put pressure Xiao Su. The pressure to make a performing arts family background, stubborn man, and forbear to become inferior. Perhaps the really Vanity Fair entertainment in general.
the other hand, those hidden entertainment married couples, carefully think about it, they probably love to protect, to avoid the media hype. Imagine if the original Yao Chen and Xiao Su select hidden marriage, maybe the outcome would be different? But marriage is also a hidden double-edged sword, though to protect love, but to lose the credibility of the star, such as Andy Lau, Ah Sa and so on. Is a hide or exposure? How to protect your love stars really worth considering.
healing from the show affection to speak the official Yao Chen cavity
2010 year, journalists have been YAO interview, when asked her popular reputation far more than her husband Xiao Su, whether it would cause pressure on the smiling Chen Yao told reporters: the same. He is a very artistic man, he would not care about fame, status of these things, he will wholeheartedly focus on performance. If he does not care, I would never much thought. feelings. Then, Yao Chen began to leave, to accompany the old Guangzhou Ling to filming, the movie is Yao Chen in kiss was as long as ten minutes.
that time, Yao Chen often show affection in the media, not upload photos that tell a small piece between the two, warm and sweet. In early April, but all the old Ling is the art of ridicule her home's Chen Yao no longer show affection not disappear from the media, but is more active, and she switched to HY, because of starred in her attention straight up.
Four months later, did not mention the old but also for Chen Yao Ling starred in inevitable to outsiders unfamiliar with the word that, after all, observer Well.
not take the initiative now that the old Yao Chen Ling, she is willing to discuss with friends live, grow, love and other topics, and occasionally sighed like a child she would see a friend's house twin sister, she is not calm the. Last December 15 and January 23 this year, she twice warned fans becomes empty. Activities in the recent interview, Chen Yao Ling face the problem looked old and tired and confused some of the staff by the
Subject co-Ju Tan Chuan
old wife Ling change of heart
ineloquent Xiao Su has been very low key, with his exposure are basically the emergence of Yao Chen. Perhaps deliberately to do this, the old Chen Ling and Yao is not much chance of the same stage, only While the old denied Yao Chen Ling will give him popular pressure, but this is true, he began gradually to avoid YAO topic. In the film, But at least the publicity,
Xiao Su was not romantic, and Yao Chen with the days to come, as two more of a mundane life. But in the end of September last year, the Golden Eagle TV Art Festival, the old Ling changed their attitude, not the scene he recorded a confession Yao Chen VCR a thousand flowers with love spells. This romantic action in return is Yao Chen a It now appears that at the time of marriage there have been two cracks, the old Ling just do remedial work.
Xiao Su and two weeks ago, Ling slightly embarrassing old at the time, the commitment Trying to save the marriage of old and Yao Chen Ling eventually parted ways.
entertainment stars how to protect the love?
love is always under the spotlight high-profile, which allows the parties Yao Chen and Xiao Su became a model couple model, mutual support, through the past ten years, but everything is fixed in the January 28, 2011. From an unknown actor to today's Huayi a sister, Yao Chen's meteoric rise is bound to put pressure Xiao Su. The pressure to make a performing arts family background, stubborn man, and forbear to become inferior. Perhaps the really Vanity Fair entertainment in general.
the other hand, those hidden entertainment married couples, carefully think about it, they probably love to protect, to avoid the media hype. Imagine if the original Yao Chen and Xiao Su select hidden marriage, maybe the outcome would be different? But marriage is also a hidden double-edged sword, though to protect love, but to lose the credibility of the star, such as Andy Lau, Ah Sa and so on. Is a hide or exposure? How to protect your love stars really worth considering.
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