知行小酒馆
From Youzhiyouxing: long talks on investing and life, open to counterargument
1:04:42New Housing Fund Rules: Take What You Can, But Don't Treat It as Savings
The housing provident fund is not savings you can withdraw at will — fraudulent withdrawal gets you pursued for repayment and barred from any withdrawal for three years. But the new rules put renting at the top of the withdrawal list and scrap the rent-to-income ratio cap, so money you're entitled to take is still money you should take.
1:49:29Value Investing Isn't Holding Long — It's Stashing a Big Pile in the Bank First
No value investor ever went from broke to rich doing value investing; they made money first, then chose to live the value-investing life. Buffett's real engine is 60 to 70 wholly owned subsidiaries pumping cash, not a compounding myth.
1:18:49A junior-high dropout who can't draw won an Apple Design Award
A self-taught outsider with a junior-high education who cannot draw built the first non-game app from China to win an Apple Design Award — by running into the wall again and again and never letting a feeling of ‘something's off’ slide. Taste is not a gift; it is a habit built by long training.