Good evening, brothers!
Buffett says that the principle that Berkshire has always adhered to is: never take the risk of permanent loss. Thanks to the prosperity of the American economy and the power of compound interest, if you make a few correct decisions in your life and avoid serious mistakes, you will inevitably be rewarded. For a long time, the amount of cash and U.S. Treasury bonds held by Berkshire has far exceeded the levels considered necessary by traditional views.
Exceeding the necessary level means an extremely abundant margin of safety. Berkshire's extreme financial conservatism gives Buffett reason to believe that Berkshire is fully capable of coping with unprecedented financial crises. When economic turmoil occurs, Berkshire's goal is to assist the country in "putting out fires," rather than becoming one of the many companies that unintentionally or intentionally "start fires." Throughout Buffett's annual letters to shareholders, there is always a sense of "risk prevention" woven into the text.
In my view, the attitude towards leverage should be as resolute as officials' attitude towards bribery: it must firmly eliminate the "first time." Many people have a gambler's mentality: just this once, it won't happen again. In fact, once there is a first time, there will definitely be a second, third, and countless times, until liquidation, with hardly any exceptions. Cautious borrowing and avoiding leverage is actually what Buffett refers to as his not-so-secret weapon, and it is the cornerstone of Berkshire's enduring success.
……
This week, as the Federal Reserve announced its latest interest rate decision, bond traders increased their bullish bets on U.S. Treasuries.
According to Bloomberg data, although the Federal Reserve is expected to keep interest rates unchanged this week, the swap market currently estimates the probability of a rate cut in March at about 30%. With inflation still stubborn, the market is focusing on Fed Chairman Powell's press conference, hoping to gain clues about the policy direction in the coming months.
The market has high hopes for Powell's subsequent hints at rate cuts. Against the backdrop of significant volatility in tech stocks this week, expectations for further easing of monetary policy by the Federal Reserve have begun to rise. Risk aversion has pushed the yield on two-year U.S. Treasuries to its lowest level in over a month, triggering a wave of bets on rising U.S. Treasuries.
BTC: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands.
On the daily level, the price continues to oscillate near the moving averages.
In summary, support level at 102400, resistance level at 102900.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, with a weak price trend, support level at 3130, resistance level at 3150.
LTC: The price continues to stay below the middle band of the Bollinger Bands, with a weak price trend, support level at 100, resistance level at 130.
BCH: The price continues to stay below the middle band of the Bollinger Bands, with a weak price trend, support level at 400, resistance level at 430.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
