梁山·价值投资笔记

I talk to the experts
So I know whose ass to kick
So I know whose ass to ki-i-ick
So I–So I know whose ass to kick
You know, when you talk to fishermen on the verge of tears,
gets you frustrated
There has not been an idea that we have not evaulated
I would love to vent–I would love to shout and holler
But my main job is to solve the problem
This happens and turns out they’ve had no idea what they’re doin
We’ve just gotta keep on movin, pushin and movin, we’re gonna get through it
People, they’re upset and they have every right to be
The best possible service from me is ass-KICKin
If it’s the last thing I do, I’ma kick BP’s ass
This is gonna be a very, very difficult task
Chorus
Mr. T / Expert
Chuck Norris / Expert
Bruce Lee / Expert
Bruce Willis / Expert
Betty White / Expert
Al Pacino / Expert
Tinky Winky……………Expert
Jack Bauer / Expert
Jackie Chan / Expert
Darth Vader / Expert
Peter Pan / Expert
Genghis Khan / Expert
Batman / Expert
THE LOLLIPOP GUIIIIIIIIILD / Ya know, I have to tell ya…expert

1. http://finance.yahoo.com/career-work/article/109472/teenage-entrepreneurs?mod=career-work
2. http://online.wsj.com/article/SB123975649228419167.html
3. http://www.techflash.com/seattle/2010/02/high_school_students_put_entrepreneurial_skills_to_the_test.html

经常更改密码一般被认为是一种好的安全措施。最近微软研究表明，这项措施完全就是浪费时间和金钱，因为别人拿到你的密码之后会马上就去用，而不是等到你把密码改了之后。当然，勤换密码也没什么坏处，除非你记不住密码只好把它写在纸上。

这个研究有点二。

1. http://www.boston.com/bostonglobe/ideas/articles/2010/04/11/please_do_not_change_your_password/?page=full
2. http://news.yahoo.com/s/ytech_wguy/20100413/tc_ytech_wguy/ytech_wguy_tc1590

沃特萨(Prem Watsa)是加拿大保险公司伐尔伐可斯(又称枫信金融控股公司)的总裁。他执掌该公司之初的1985年，伐尔伐可斯只有3千万元的资产，760万的市值。到24年后的2009年底，该公司的市值增长到74亿——增长了近1000倍。账面价值平均每年增长26%。现在伐尔伐可斯在它做的那亩地里算是现金最多的，在过去一年里面平均每股有现金流超过50刀（50.57），目前每股的现金以及短期投资超过60刀（60.21）。伐尔伐可斯的业绩在历史上恐怕只有巴菲特的伯克希尔哈撒韦公司可以媲美（市值从1964年到现在增长4341倍，平均每年增长20.3%）。虽然斯蒂芬·加里斯洛夫斯基被更多的人称为“加拿大的巴菲特”，俺个人认为Watsa更象一些。

Full Disclosure：Long FRFHF at $370

1. 斯蒂芬·加里斯洛夫斯基:http://en.wikipedia.org/wiki/Stephen_A._Jarislowsky
2. 唐炜臻:http://news.sohu.com/20100108/n269452969.shtml

过去四年苹果投入46亿在研发上，结果公司年营收增长了72%，很大程度上是因为iPod，iPhone系列产品的成功。

1.  http://www.informationweek.com/blog/main/archives/2010/04/post_23.html;jsessionid=2QXMEE12BBW3HQE1GHOSKHWATMY32JVN