Month: February 2024

What Does Warren Buffett Buy When “The Market Acts Like a Casino”?

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In his 46th annual letter to shareholders, Warren Buffett, at 93, reflects on the market’s current state, likening it more to a casino than in his youth. Despite this, Berkshire Hathaway’s investment strategy remains unchanged, emphasizing avoidance of permanent capital loss. The company reported a significant profit in 2023, with key investments in five major companies including Apple and Bank of America. Buffett acknowledges mistakes, particularly in underestimating regulatory changes affecting utilities. He highlights the enduring value of investments like Coca-Cola and American Express and reaffirms his commitment to long-term investments in Japanese trading companies and other sectors. Buffett also addresses succession, introducing Greg Abel as ready to be CEO, and emphasizes Berkshire’s resilience and commitment to fiscal conservatism.

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Shinzo Abe Was Japanese, So Why Are Chinese Characters Engraved on His Tombstone?

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Shinzo Abe’s tombstone, inscribed with Chinese characters, reflects the deep-rooted historical and cultural ties between Japan and China. Despite efforts to adopt their own writing systems, many Asian countries, including Japan, remain significantly influenced by Chinese culture. This tradition showcases the importance of Chinese characters in solemn and formal contexts in Japan, stemming from the country’s adoption and adaptation of Chinese language and culture over centuries.

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What is North Korea’s Military Strength Now? Would They Still Need China’s Assistance in a War?

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The article delves into North Korea’s military capabilities and its readiness for conflict without necessitating Chinese assistance. It highlights North Korea’s considerable active military personnel, with a significant portion dedicated to the army. Despite economic challenges and a focus on quantity over quality in military assets, North Korea has advanced in missile and nuclear weapon development, achieving milestones like the successful test of the Hwasong-17 missile. The article contrasts North Korea’s outdated air force and navy with its formidable artillery strength, posing a significant threat to South Korea due to proximity. It also touches on the potential for Chinese support under the Sino-North Korean Mutual Aid and Cooperation Friendship Treaty, emphasizing the preference for peace over conflict in the current global military landscape.

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Breaking! Thousands of Tourists “Stranded on the Streets” as Shops Across Thailand Close!

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The article reports on an unexpected situation in Pattaya, Thailand, where thousands of tourists found themselves without entertainment options as the city enforced a strict alcohol ban during the Makha Bucha Day. This measure, part of a broader effort to respect Buddhist traditions and ensure public safety, led to confusion and dissatisfaction among some tourists. However, the move reflects Thailand’s commitment to maintaining public order and respecting religious customs, highlighting the government’s rigorous stance on such matters and the importance of understanding local customs while traveling.

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A Korean Professor Speaks Out: “The Whole World Except for South Korea Disregards China, But China Has Already Overlooked South Korea”

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South Korean Professor Kim Do-nan highlighted a unique perspective on the dynamics between South Korea and China, noting South Korea’s diminishing regard for China despite China’s lack of attention towards South Korea. Historical influences and changing global standings have shaped perceptions, with South Korea’s alignment with the U.S. and China’s economic rise playing key roles. Kim’s visit to China and observations about Chinese advancements and the youth’s focus underscore the need for South Korea to update its understanding of China’s position in the global hierarchy.

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15 Dead in Nanjing Apartment Fire: Eyewitness Accounts of Escape, Complaints Previously Raised Over Electric Bike Parking

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A devastating fire in Nanjing’s Yuhuatai District on February 23 led to 15 deaths and 44 injuries. The blaze, which started in an electric bike parking area of a residential complex, prompted evacuation efforts and recollections of previous safety complaints regarding electric bike parking. Preliminary investigations suggest the fire’s origin in the parking area, with detailed causes still under scrutiny. Eyewitness accounts detail the chaotic escape and efforts to combat the fire, highlighting ongoing concerns over electric bike storage and fire safety measures within the community.

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Abbot Involved in Extortion Case Over Affair with Female Anchor Has Ordination Certificate Revoked

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Shi Zhaojie, an abbot involved in an extortion case after having an affair with a female anchor, has had his Buddhist ordination certificate revoked by the Buddhist Association of China. The revocation follows reports of the affair leading to extortion, involving millions. Shi Zhaojie previously held significant positions within the Buddhist community and the Sichuan Provincial Political Consultative Conference but has since been relieved of his duties and titles due to the scandal.

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Appeal Rejected, Russia May Miss Paris Olympics! Putin’s Latest Instructions

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The Court of Arbitration for Sport rejected Russia’s appeal against the suspension of its Olympic Committee membership by the International Olympic Committee, due to Russia’s actions regarding Ukrainian territory. This decision bars Russian athletes from participating in team events at the Paris Olympics, allowing them only under a neutral identity for individual events. President Putin has instructed relevant bodies to formulate a participation plan for Russian athletes, despite the restrictions.

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With the Same Population of 1.4 Billion, Why Does India Export a Large Amount of Food While China Imports Worldwide?

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China and India, each with populations exceeding 1.4 billion, exhibit stark contrasts in their agricultural practices and policies. China has achieved self-sufficiency in staple crops and continues to import a variety of foods to diversify its dietary options and safeguard against food security challenges. Despite lower productivity and ongoing nutritional challenges within its own population, India has become the world’s largest exporter of rice, leveraging agriculture as a crucial economic pillar to address foreign exchange shortages and economic needs. This divergence highlights the complex interplay between agricultural technology, geographic conditions, economic strategies, and the imperative of food security in shaping national policies.

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