🌻另一個Zoom會議(第二次貼......有補上一些內容)
繼上次的年報導讀會議後, 讓我們再做另一個會議! 這次很榮幸邀請到一位對估值很有見解的股友前輩來帶大家了解估值(恩, 這次我會是主持人, 不是主講人).
主題: 估值(valuation)分享會(Cat: 這不算基礎的估值會議)
主講人: 小揚(from安泰價值投資)
https://www.facebook.com/antaiinvestment　(此為小揚的粉絲頁)
參與者: 具基本估值能力. 若打算參加者, 請事先跟我(請私訊)提出一個關於估值的case study, 到時候可在會議中分享(最好是以投影片形式呈現, 這樣到時候好跟大家分享). 若有估值的問題, 也可以提出.
Case study可以是美股, 也可以是台股.
時間: 台灣時間07/10 (周六)晚間９點.
預計一個小時(不會像上次那樣冗長了😅): 前30分鐘由小揚做分享, 後30分鐘大家分享估值案例&提問
進行方式: 以Zoom進行(之後會私訊會議資訊給參與者)

🌻Morgan Stanley Mid-year Investor Outlook: A tricky transition

https://www.morganstanley.com/ideas/midyear-2021-global-markets-outlook

🌻在您投資生涯中, 有沒有一些觀念讓您受用很多?
下面這位投資名人的好觀念影響我很深. 他的意思是, 一般投資人, 只要能説出三個買一家公司的理由, 就很夠了. 這也迫使我, 每次在買股票時, 問自己對這家公司的了解有多少. 也會去衡量公司的優點與缺點在哪裡.

"It is vital (重要的) that you know what you own, that if I asked you on the street why you like a certain stock, you can give me three reasons. If you don't know how they make their money, who their key clients are and what they make if, then I will tell you that you are over your head and should not own individual stocks."

全文在此:
Jim Cramer: In Times Like This, Go for the Easy Money
Look at the stocks you own. Can you tell me why you've got them? If you can't answer the following three questions, then have a look at several I like right now.

We've endured the meme stock craziness, with all of its love for heavily shorted stocks. We have watched the collapse of bitcoin to levels viewed as shocking, even if they are still more than double where they were not that long ago. We've dealt with Fed officials making it clear that they are no longer on the side of the bulls or the bears. They are on the side of job growth, but are wary of inflation. We've seen the end of the rush to get vaccines, which means that millions of people are going to get the new COVID variant, because there is no natural immunity to it. We've watched as the hopes for an infrastructure bill have collapsed. We've endured shortages of everything from chips to plastic to imported goods and labor.

And we're still standing, yeah, yeah, yeah.

Yep, we are in one of those halcyon moments, where the masks are off -- even if they shouldn't be -- and Americans are back doing what they do best: consume, spend, go out to eat and then consume and spend some more.

There are times in the stock market where the collective mindset is revealed. This is one of those times: Things are cool, it's not a big moment, there's no real news for a bit, it's the historically strong period and we can reach some conclusions about where we are.

When things are like this, it is important to remember that buyers like to revert to tried-and-true companies that thrive no matter what. These are companies that have an edge and are better at what they do than other companies.

You know that I am a great believer in index funds, that the average person doesn't have the time or the inclination to research individual stocks. It's a difficult barrier. I think you need to make time to read the quarterly report and listen to the conference call, to Google articles and, if possible, get some research about the companies you own. It is vital that you know what you own, that if I asked you on the street why you like a certain stock, you can give me three reasons. If you don't know how they make their money, who their key clients are and what they make if, then I will tell you that you are over your head and should not own individual stocks. I am reminded by this, because, once again, without a mask, I can be recognized and if I am not holding "Nvidia the Second," I can carry on a conversation.

I have had many in the last two weeks and when I have asked this litany of questions, I find myself at a loss as to why almost no one knew what they owned. But they thirsted for individual stocks, because they, like me, think things are better post pandemic. No, that's not a facetious comment. Many, many stocks did better with a stay-at-home economy. A huge number.

So what do I do? I revert to what others do when you are stumped about how to stay in touch with stocks, but want to do less homework. That means buying stocks that are accessible, not stocks like Unity (U) or Snowflake (SNOW) or Twilio (TWLO) or Okta (OKTA) .

I revert to normal businesses people know and I suggest they Google some articles, peruse the conference call, but, above all, like the company's products so you can buy more if it goes down.

Here's some that I have been telling people I like:

First is Ford (F) . I think the Ford lineup is amazing. The electric F-150 series will be incredible. I am eager to get a Maverick for my family, because it is a smaller pickup that will get the job done for the myriad little things I need to do with this farm I bought from that crazy bitcoin foray. I like the competitive edge of the CEO, who says he is going to bury Elon Musk when the Lightning comes out. I even think the Bronco is cool as all get out. Most important, though? I think the chip shortage is ending. My semiconductor friends are telling me the foundries are producing more feature-rich chips and that means Ford can pump out the trucks small business people love and need. Plus, the used car prices at last have plateaued, according to their most important pricing index. Halcyon times.

Second, Costco (COST) : The samples are coming back. Tell me you don't love the samples. You need things in bulk. You want low prices. You want to get all of the things that people don't think of with Costco, like insurance, hearing-aids -- hey, they are a fortune -- jewelry, things around the house. You go and you will buy far more than you first came for. My kind of store.

The kids love this American Eagle Outfitters (AEO) , which we just bought for my charitable trust, which you can follow along by joining the Action Alerts PLUS club. Jay Schottenstein, the CEO, came on "Mad Money" recently and it's clear that his Aerie model has real staying power: 26 consecutive quarters of double digit growth. No flash in the pan, that one. Number one brand in jeans for the 15 to 25 year old group. The best in the mall. How did I know this? I see the credit card bills.

I got up this morning to do my physical therapy. I have been doing it ever since I hurt my back in February. I have this really cool pair of sneakers that fit me perfectly and I love them, but I am fortunate enough to have a vacation house and I am always taking those shoes with me.

So I went on Amazon (AMZN) this morning and lo and behold I saw them for half price. I bought two pairs. Then I went over everything I have bought in the last year and got a bunch of those things. Then I bought a pair of binoculars, because mine were stolen. I paid half price.

Yep, Amazon's universal. I was talking to Alexa, while I was ordering, getting some new music on, asking questions. I saw that despite all of the Sturm und Drang of Amazon being late with things, all the delivery dates were within range. I didn't click on any ads, and I didn't need the speed of Web Services, but the whole thing reminded me about how special the darned company is. I don't care if it's ahead or behind plan for the moment. I would just buy some more when it goes down.

Finally, Apple (AAPL) . I think people who don't own Apple should look what they are holding at this very moment. Yes, right now. Or look at what's in your lap or on the table besides your fork. And then think about the bill you paid last night without knowing it. Think about what you bought in the App store yesterday. Think about what would happen if it would break or get stolen or, left in the Uber (UBER) , or heaven forbid, be dropped into the pool or in the, yes, toilet.

There, that's what you buy in halcyon times. Stocks of companies you know that if they go lower, because things get less halcyon, you are fine with it and buy more. If things go up, believe me, you will participate.

So accept the moment. Don't try for the hard money. Go for the easy kind. That's the best kind.

https://realmoney.thestreet.com/jim-cramer/jim-cramer--15692051

Picture: 牡丹(peony)花開. 恨不得院子裡有一塊地是牡丹園.

對於一個科學家、工程師來說，在研究奈米材料的過程中，會發現了很多很多與常識不相同的東西。

已知原子是物質最小的組成(先不管原子內了)，但你知道單一原子其實產生不了物理與化學性質嗎？或者應該說，我們宏觀上看到一塊銅片，所有的性質都屬於塊材(bulk)，就算你說溶解在水中，總會是打散的吧？很抱歉，大部分都是叢(cluster)，好比用硝酸把銅塊溶解，課本會說電解質水溶液，會解離出不少的銅離子與硝酸根離子。

但你知道，實際狀況是數以千百計的硝酸銅分子組成的cluster，其中一個分子解離出一顆銅離子嗎？其他都是膠結在一起，可以用超音波或是其他方法打散，但再怎樣都做不到徹底分解，讓一杯溶液中都存在單一分子與其解離的正負離子。大分子會這樣，簡單的小分子就比較不會有這類狀況，像是晶體類的如氯化鈉，溶解後就大部分分離，不大會形成cluster。

而奈米材料研究有趣的點就在此，與人類社會很像，單一原子有其性質，就跟每個個體都有個性，但組成群體後就會顯示出群體性質。用我們最常見到的特殊金屬「鐵」來說明好了，鐵是元素中磁性最強的，但是單一顆鐵原子並不能產生磁性。

磁性是鐵鈷鎳一種透過立方堆疊後，彼此之間的交互作用力咬死，使得外層電子繞動時產生的磁場往同一方向的結果，磁場相互加強產生了群體效應，讓整塊鐵Bulk出現強烈的磁性。但有意思的是，鐵的群集要到幾顆鐵原子才能產生出宏觀的磁性呢？

答案是至少要幾十顆，一顆鐵原子沒有磁性，十顆排列依然不會有，但是五十顆堆疊成一小塊就會出現了。但數百顆到數千顆、數十萬顆堆疊呢？就會出現很有趣的現象，很多小磁區會出現，每一個磁區都受到內部驅動力，有特定的指向，彼此之間還可能相互對抗，但同時也受到群體的壓力，趨向指向某一個方向。

所以當你施加外在強大的磁場，就會迫使整塊鐵內的每一個小區域，通通指向特定的方向。反之若沒有外力，內部的小磁區會有很多相互抵消，使得整體的力量減弱。

各位，看到最近幾年的新聞，有沒想通，大自然的道理就在其中，不分學科都有其共通的道理，唯有解離社會，使其脫離群體(Bulk)性，完全原子化，各自才會依靠原子間作用力，形成自發性的小群體(cluster)，各自有各自的特質，沒有權威也沒有壓迫，形成真正的多元化社會，而從這邊更可以理解，外在壓力再怎樣大，原子個體本性還是趨向展現個性的，只要我們消滅壓迫，就能形成徹底的多元社會，符合物種演化的最適結果。

社會就是如此，天底下沒有新鮮事。
==========

以上是廢文寫作教學，教你怎樣套大量正確但完全不能類比的名詞，用在社會科學上面，既可以故弄玄虛，又含糊可以代換任何對象，遇到人社學者可以嘲笑他們不懂科學，遇到科學家則可以說你不懂社會。超好用的，想當新興教派教主，多磨練一下，就能大話唬爛，把一群人唬弄一愣一愣。

這是最近看到那些包著科學名詞，狂推鬼扯左翼思想，穿上政治正確外衣，逼迫他人接受自己偏執的感想。

#請千萬不要把這整篇文當真

我們淨得了灘淨得了海淨不了海床

我想淨的其實是你的心！

科學家指出落入海洋的垃圾當中：
海面上的塑膠垃圾只佔了1%
其餘99%的經由海流到了海床
海底每平方米識別出190萬塊微塑料
微塑料來自衣服的塑膠纖維及大型塑膠
落入海裡的塑膠經各樣方式回歸人類
影響健康

我們需要的是大家減少用塑膠的決心
如果你要用除非你是決心用上一百年的
意思是塑膠是非常的耐用
如果那件塑膠製物你沒有決心用上十年
請你不要用！特別是即棄的餐具跟包裝！
能省就省！能不用就不要用好嗎？！

// "Until now we haven't understood where the missing microplastics in the ocean end up and how they are transported," Mike Clare of the National Oceanography Centre told Newsweek. "We know that there are concentrations of plastic on the ocean's surface, but this accounts for less than one percent of the plastic that makes it into the ocean."

He added: "Until now, the rest has been assumed to settle slowly out, like rain or snow in the deep sea. We found instead that currents in the deep sea act like conveyor belts—moving plastic around, locally creating hotspots on the seafloor."

The great bulk of microplastics building up in these hotspots are fibers found in clothing and larger pieces of plastic waste.

"Very little can be done to deal with these hotspots as they are—a deep seafloor clean up is not a viable option for a number of reasons," said Clare.

"Therefore the solution needs to start at the source. We need to limit the pathways that get plastics to the ocean, switch to more sustainable materials where possible, and keep to the mantra of reduce, re-use, recycle."

張學頤是香港女子曲棍球代表隊主力，過去五年，與港隊三十五名女將，以業餘身份代表香港征戰各地，隊員中有醫護人員、海關幫辦、銀行高層、律師、教師、學生；領隊兼退役曲棍球運動員聶慧婷，最常和隊員分享的名句是：「In HK,Passion cannot put food on the table！」意思是要享受球場上打曲棍球的激情，先要養活自己，所以這隊女將不單在運動場上好打得，職場上也能獨當一面。全文：https://bit.ly/2UpjQJa

-----------------------------------------------------------------------------------------
明周娛樂: https://www.mpweekly.com/entertainment/
明周文化: https://www.mpweekly.com/culture/
Mings Fashion & Beauty: https://www.mings.hk/