I have many links doing my own research to investing. Many links are not included in my blogs least that young readers might read the nonsense sites. However, myself is not fit and matured to write my investment strategy here which might lead readers to catch a falling knife. Thus I only paste or intimated some good postings here for my own reading pleasure and records. Here a piece from Wall Journal regarding the investment strategy of my idol investor of the time.

The world's most famous investor lays out his basic principles in this year's annual letter to Berkshire Hathaway shareholders.
[Related content: investing strategy, Warren Buffett, General Electric, value stocks, stock market]
By The Wall Street Journal

Every few years, critics say Warren Buffett has lost his touch. He's too old and too old-fashioned, they claim. He doesn't get it anymore. This time he's wrong.

* Quiz: How much risk can you tolerate?

It happened during the dot-com bubble, when Buffett was mocked for refusing to join the party. And it happened again last year. As the Dow Jones Industrial Average ($INDU) tumbled below 7,000, Buffett came under fire for having jumped into the crisis too early and too boldly, making big bets on Goldman Sachs (GS, news, msgs) and General Electric (GE, news, msgs) during the fall of 2008, and urging the public to plunge into shares.

Now it's time for those critics to sit down for their traditional three-course meal: humble pie, their own words and crow.

On Saturday, Buffett's Berkshire Hathaway (BRK.A, news, msgs) reported that net earnings rocketed 61% last year to $5,193 per share, while book value jumped 20% to a record high. Berkshire's Class A shares, which slumped to nearly $70,000 last year, have rebounded to $120,000.

Those bets on GE and Goldman? They've made billions so far. And anyone who took Buffett's advice and invested in the stock market in October 2008, even through a simple index fund, is up about 25%.

This is nothing new, of course. Anyone who held a $10,000 stake in Berkshire Hathaway at the start of 1965 has about $80 million today.

How does he do it? Buffett explained his beliefs to new investors in his letter to stockholders Saturday:
Inside the Berkshire Empire
Go to CNBC
Stay liquid. "We will never become dependent on the kindness of strangers," he wrote. "We will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity. Moreover, that liquidity will be constantly refreshed by a gusher of earnings from our many and diverse businesses."

Buy when everyone else is selling. "We've put a lot of money to work during the chaos of the last two years. It's been an ideal period for investors: A climate of fear is their best friend. . . . Big opportunities come infrequently. When it's raining gold, reach for a bucket, not a thimble."

Don't buy when everyone else is buying. "Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance," Buffett wrote. The obvious corollary is to be patient. You can only buy when everyone else is selling if you have held your fire when everyone was buying.

Value, value, value. "In the end, what counts in investing is what you pay for a business -- through the purchase of a small piece of it in the stock market -- and what that business earns in the succeeding decade or two."

Don't get suckered by big growth stories. Buffett reminded investors that he and Berkshire Vice Chairman Charlie Munger "avoid businesses whose futures we can't evaluate, no matter how exciting their products may be."
Diversify your portfolio

Diversify your portfolio
Most investors who bet on the auto industry in 1910, planes in 1930 or TV makers in 1950 ended up losing their shirts, even though the products really did change the world. "Dramatic growth" doesn't always lead to high profit margins and returns on capital. China, anyone?

Understand what you own. "Investors who buy and sell based upon media or analyst commentary are not for us," Buffett wrote.

"We want partners who join us at Berkshire because they wish to make a long-term investment in a business they themselves understand and because it's one that follows policies with which they concur."

Defense beats offense. "Though we have lagged the S&P in some years that were positive for the market, we have consistently done better than the S&P in the 11 years during which it delivered negative results. In other words, our defense has been better than our offense, and that's likely to continue."

Timely advice from Buffett for turbulent times.

This article was reported by Brett Arends for The Wall Street Journal.

Do not poison youself !

The following info is one of the many emails from my in box and found it beneficial to read, thus before I delete it, am delighted to paste it here for my readers.


台灣，一名女人突然無緣無故的七孔流血暴斃，一夜之間，就奔赴黃泉大家下回可要多多注意囉！經過初步驗屍 . 斷定為因砒霜中毒而死亡。那砒霜從何而來？

Taiwan, a woman suddenly died unexpectedly with signs of bleeding from her ears, nose, mounth & eyes. After a preliminary autopsy it was diagnosed death due to arsenic poisoning death. Where did the arsenic come from?
　　 警員展開了深入而廣泛的調 查。一名醫學院的教授被邀趕來協助破案。 The police launched an in-depth and extensive investigation. A medical school professor was invited to come to solve the case.

　　 教授仔細地察看了死者胃中取物，不到半個小時，暴斃之謎便 揭曉。教授 說：「死 者並非自殺，亦不是被殺，而是死於無知的『它殺』」！ The professor carefully looked at the contents from the deceased's stomach, in less than half an hour, the mystery was solved. The professor said: 'The deceased did not commit suicide and neither was she murdered, she died of accidental death due to ignorance!'

　　 大家莫名其妙，何為『它殺』！？那砒霜又是從 韟茖荂 H
　 教授 說：「砒霜是在死者 腹 內 產生的。」死者生前每天也會服食「維他命 C 」，這完全沒有問題！問題出在她 晚 餐吃了大量的蝦，吃蝦本身也是沒有問題的，所以她的家人吃了都沒有事，但死者卻同時服用了「維他命 C 」，問題就出在這裡 !
Everyone was puzzled, why accidental death? The arsenic is of the U.S. military for carrying rice seedlings H Gao.. The professor said: 'The arsenic is produced in the stomach of the deceased.' The deceased used to take 'Vitamin C' everyday, which in itself is not a problem. The problem was that she ate a large portion of shrimp/prawn during dinner. Eating shrimp/prawn is not the problem that's why nothing happened to her family ever though they took the same shrimp/prawn. However at the same time the deceased also took 'vitamin C', that is where the problem is!

美國芝加哥大學的研究人員，通過實驗發現，蝦等軟殼類食物含有大量濃度較高的 －五鉀砷化合物。
Researchers at the University of Chicago in the United States , found through experiments, food such as soft-shell shrimp/prawn contains a much higher concentration of - five potassium arsenic compounds.

　　 這種物質食入體 內，本身對人體並無毒害作用！但是，在服用「維生素 C 」之後，由於化學作用，使原來無毒的－五鉀砷 ( 即砷酸酐，亦稱五氧化砷，其化學式為 As205)
，轉變為有毒的三鉀砷 ( 即亞砷酸 酐 ) ，又稱為三氧化二砷，其化學式為 (As203) ，這就是 人們俗稱的砒霜 !
Such fresh food by itself has no toxic effects on the human body! However, in taking 'vitamin C', due to the chemical reaction, the original non-toxic - five potassium arsenic (As anhydride, also known as arsenic oxide, the chemical formula for As205) changed to a three potassium toxic arsenic (ADB arsenic anhydride), also known as arsenic trioxide, a chemical formula (As203), which is commonly known as arsenic to the public!

　　　　 砒霜有原漿毒作用，能麻痺細血管，抑制 巰基梅的活性，並使肝臟脂變肝小葉中心壞死，心、肝、腎、腸充血，上皮細胞壞死，毛細血管擴張。故中其毒而死者，常是 七竅出血。
　　 所以；為慎重起見，在服用「維生素 C 」期間，應當忌食蝦類。
Arsenic poisoning have magma role and can cause paralysis to the small blood vessels, "mercapto Jimei"??, inhibits the activity of the liver and fat necrosis change Hepatic Lobules Centre, heart, liver, kidney, intestine congestion, epithelial cell necrosis, telangiectasia. Therefore, a person who dies of arsenic poisoning will shows signs of bleeding from the ears, nose, mouth & eyes.
Therefore; as a precautionary measure,
DO NOT not take shrimp/prawn when taking 'vitamin C'.

　　　 看完後；請不要吝嗇的轉寄給您的親朋好友吧 !!
After reading this; please do not be selfish n keep info. Forward to your friends and family!!