關於 tech for good investors ，我們在網路上蒐集到這些相關的討論、資訊與評價

Another good news for Taiwan-based startups: congrats #XREX! By providing payment escrow service and crypto-fiat exchange for cross-border merchants, XREX raised $17 million in pre-Series A funding led by #CDIB (中華開發).
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Other investors include SBI Investment (🇯🇵 ), Global Founders Capital, ThreeD Capital (🇨🇦 ), E.Sun Venture Capital (玉山金控), Systex Corporation (精誠科技), MetaPlanet Holdings (🇪🇪 ), AppWorks (🇹🇼 ), BlackMarble (萬豐資本), New Economy Ventures and Seraph Group. XREX’s last funding was a $7 million seed round in 2019.
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📍 From Taiwan for the World⁠
🎯 Tech x Culture x Venture⁠
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#anchortaiwan #crossborder #innovation #fintech #blockchain

今天, 應該是最炫最酷的一家公司, Robinhood, 上市的一天. 它獲利了嗎? 我想沒有多少投資人會care. 最關心的, 應該是它的營收成長率, 還有股價.

在我們一直追逐科技成長股, 被他們的高營收成長率, 潛在的高報酬昏眩的時候, 會不會忘記他們醜得要命的財務報表?

而在今年, 大家追逐的這些趨勢股表現不佳的時候, 是不是也給了我們一些省思?

其實美股中, 還有很多財務報表漂亮, 但聽起來一點也不有趣(甚至很無聊)的公司, 但他們股價穩定, 長期下來, 也給了投資人很大的回報. 像之前介紹過的POOL, 過去幾年也是平均一年翻一倍的漲幅.

而在IPO中, 也有這類的好公司.

Carrier Global(CARR), 2020年4月上市的IPO, 算是工業類股, 漲了快5倍. 有在獲利. (開利冷氣應該有聽過?就是這家公司)

Academy Sports and Outdoors (ASO), 民生消費股, 也有獲利, 2020年10月上市的IPO, 目前也漲了3倍.

下面這篇文章挺好. 與大家分享. 就像文章作者所提的, 龜兔賽跑, 穩(漲)的烏龜, 不一定會輸.

也祝福大家找到&培養自己的能力圈, 穩穩獲利.

Jim Cramer: The Biggest Thing That Happened Thursday Was the Boring Stuff

No, it wasn't Robinhood or the mega-cap tech companies, it was names we depend on like Carrier Global.
By JIM CRAMER Jul 29, 2021 | 03:38 PM EDT

Stocks quotes in this article: HOOD, FB, PYPL, CARR, RTX, NUE, AGCO, ZM, ALGN, AAPL, EBAY, AMD, XLNX

One of the most glorious things I have seen involving the stock market in ages happened today.

Was it Vlad Tenev ringing the opening bell for his breakthrough, disruptive Robinhood (HOOD) , representing 22 million mostly young new investors? Was it the free-for-all decline in the stock of the "F" in FAANG, Facebook (FB) ? Or the clobbering that Paypal (PYPL) took after what looked to be a good quarter?

Nah. I was bumping into Dave Gitlin, CEO of Carrier Global (CARR) , and his charming daughter, a college student at the University of Wisconsin. They were calmly waiting for me to finish "Squawk on the Street" to say, "Hi," and I couldn't be more thrilled. Because unlike the much ballyhooed Robinhood deal, which seems like a bust, Carrier Global came public back in April 2020 at $12 and today, after tremendous earnings, not sales, but earnings, it made an all-time high at $53, after reporting a terrific number with tremendous HVAC sales, up 31%, and an earnings surprise of 55 cents vs. the 30 cents that Wall Street was expecting.

Carrier, which was spun off when United Technologies merged with Raytheon (RTX) had some tailwinds, like the need to have clean air inside, because of the pandemic and clear air outside because office buildings are responsible for 40% of carbon emissions. But the huge upside surprise and the gigantic buyback belonged to Dave and his team and I that's what I told his daughter. I made sure she knew how proud she should be about how this man made so much money for people. Twelve to 53 in 15 months time is the name of the game.

Look, I am not trying to take away from anything that Robinhood and its co-founder and CEO Vlad Tenev have created. Far from it. They have created billions for themselves and are now letting people participate in their great sales growth. You got a chance to pay a fortune per share and many Robinhoodies did, as tons of stock was allocated to the 22 million people who joined Robinhood, because of a bang up app that every young person seems to know.

I am simply saying that HVAC, yep heating, ventilation and air conditioning is one of the most boring businesses on earth and at times like today, with all of the hoopla of Robinhood it is easy to forget is how lots of money can be made being boring, and I like that. The most exciting thing that happened this year is Carrier helped provide refrigeration for vaccines. That's just fine with me.

Unlike Robinhood, Carrier hasn't brought anyone into the stock market. It's more laser-like focus on air conditioning once spun off from Raytheon means nothing to people. Just Wall Street gibberish. But you have probably walked by a Carrier machine thousands of times and never thought anything of it. Yet, you could have bought it for a song at six times earnings instead of 25 times sales.

The Carriers, with CEOs who pay themselves lavishly but perhaps not excessively, or the Nucor's (NUE) the steel company that's also well managed and sells at six times earnings, represent valuable properties, especially when the U.S. government is about to agree on a trillion dollar infrastructure bill and the country has more than 6% GDP. We don't know why they are re-opening trades or closing trades, delta-variant trades or building and bridge investments. Forgive me, though for comparing the company of Robinhood, with something that may stay special for a while vs. companies that get described as venerable, solid and built to last.

These companies are not rarities. You know people have to eat, right? You know that there would be famine without farming. So why not buy the stock of Agco (AGCO) , No. 2 farm equipment, which went from $40 to $130 in a year and a half without ever being expensive. Combines too boring? Again fine with me. Now that the masks are off -- or at least in some places, although Zoom (ZM) is still crushing it -- I, like many others, including my daughter, didn't like how her teeth looked even as, to me, they were perfect. Dentists tell you to get Align (ALGN) . I wanted them on "Mad Money" but the show was just too darned jammed. The stock's up the most in the S&P 500, with a product that, again, like the Purloined Letter, is right in front of you.

I love tech. Created the term FANG, added the "A" when it was clear that Apple (AAPL) had to take the acronymic stage between another "A" and an "N." I am proud that those who bet against me on Twitter, the legion, are betting against FAANG. I wrote obituaries for a goodly time in my career as a reporter but I never wrote as many as have been penned to talk about the group has already made the ultimate measure on behalf of shareholders.

Oh and it's not like I don't like tech or fin tech. I felt the slings and arrows of Facebook and PayPal today. Facebook's management once again lowered the boom on its future talking about real deceleration in growth. I thought it was too dire. PayPal's Dan Schulman talked about how the separation with its former partner, eBay (EBAY) gets done now and earnings will be hurt. This was one of the least revelatory surprises ever. I think both are practicing UPOD, Underpromising to Overdeliver, and, sure this time might be different, but it's sure been the way they have handled it in the past.

Far better to be in the straight out blow outs like Advance Micro (AMD) which had still one more banner day, this time because the company it is buying, the dowdy Xilinx (XLNX) , a sleepy semiconductor company, had tremendous earnings. The two together could be unassailable and even as AMD is now richly valued it is deservingly so.

I can't wait to hear Vlad Tenev's reflection on Robinhood's debut as a public company and about the novel offering that gave millions of shares to his clients. Vlad's not so much a rags to riches American story. He's a poor Bulgarian to insanely rich American because of his on ingenuity. That's a story with celebrating in itself.

I am simply pointing out that unlike Vlad, whom you would have had invested with when you weren't allowed or able to, Dave Gitlin sure didn't keep you out of the better bet, the stock of HVAC king Carrier.

You did.

There’s rhythm in writing! 🎶

這個禮拜Presentality的Andrew來分享英文寫作的節奏!

★★★★★★★★★★★★

我的工作需要看非常多的英文。

其中有英文母語的人寫的，也有非母語的人寫的。最近，我注意到一個兩者之間很明顯的差別。這個差別很少有人提到，因為它無關文法正確，也不是有學問的用語，或是文雅的詞彙。

是句子的長短。

Well，更正確的來說，是長句跟短句的交錯。我發現，非母語人士寫的英文句子，不但比英文母語的人寫的長，而且是大部分句子都很長。

母語的人，尤其是很會寫的人，則是會把長句跟短句混合搭配。
那又怎樣？

★★★★★★★★★★★★

你可能會說 ok，以英文為母語的人比較會用短的句子，那又怎樣？句子的長短，跟我寫作的好壞，有關嗎？

關係可大了。

就像音樂，或是影片，文字也是「內容」。只要是「內容」，就有它的節奏。你可以想像一首曲子，從頭到尾都是很長的音，而且一點變化都沒有嗎？或是一部很長的影片，從頭到尾都是很長的畫面，而且一點節奏的變化都沒有嗎？

Well actually，你應該可以想像，這些就是要幫助我們睡眠的。
如果你不想要你的讀者覺得無聊或甚至睡著，我建議適度變換你文字的節奏。

但我們先看案例。

我拿一篇台灣人寫的文，跟另一篇美國人寫的，來做比較：把每個句子都分拆成不同的段落，句子的長短就一目了然了。

★★★★★★★★★★★★

但我們先看案例。

我拿一篇台灣人寫的文，跟另一篇美國人寫的，來做比較：把每個句子都分拆成不同的段落，句子的長短就一目了然了。

📌 台灣案例：Taipei Times Opinion

1. The TAIEX last month rose above 17,000 points as rallies in steel, shipping and some non-tech stocks offset a weakness in semiconductor and electronics stocks.

2. While news about a cluster of local COVID-19 infections connected with China Airlines cargo pilots and a hotel in Taoyuan fueled selling pressure early this month and pushed the local stock market into consolidation mode, the daily market turnover in the first two trading sessions of this month hit fresh highs.

3. Moreover, Taiwan’s stock trading volume last month began to surpass that of Hong Kong for the first time in 15 years, which was beyond most market participants’ expectations.

4. Taiwan’s daily market turnover exceeding Hong Kong’s might gradually become a new normal from this year, and there are good reasons for this.

5. First, Hong Kong’s stock market has lost its appeal to foreign investors since China last year imposed national security legislation on the territory, triggering a potential flight of capital and talent.

6. Second, many wealthy Taiwanese tend to park their overseas funds in Hong Kong, China, Singapore, Switzerland and the US, but government statistics showed that more than 80 percent of funds repatriated by wealthy individuals last year were from Hong Kong, as they saw the political situation in the territory worsen after its self-governance, human rights and freedom of speech were further suppressed.

7. Third, China’s new NASDAQ-style stock board — the Shanghai Stock Exchange’s STAR board — has emerged as a fast-growing capital markets center for Chinese companies at a time when rising China-US tensions have triggered concerns about their prospects of listing in New York, posing a growing challenge to the Hong Kong stock exchange.

8. On the other hand, Taiwan’s economic fundamentals, the central bank’s adoption of extraordinary monetary easing and the government’s fiscal policies have fueled continued rallies in the nation’s stock market since last year.

9. It might be too early to tell how long the consolidation trend might last, as a resurgent COVID-19 outbreak is coloring the global economic outlook, but some insight can be drawn from the stock market:

10. Taiwan’s GDP grew a larger-than-expected 8.16 percent in the first quarter, as exports and private investment remained healthy.

都是一堆很長的句子對不對？我們來看美國人寫的句子，也是一個主流媒體的 opinion 文。

★★★★★★★★★★★★

📌 美國案例：New York Times Opinion

1. I miss torturing Liz Cheney.

2. But it must be said that the petite blonde from Wyoming suddenly seems like a Valkyrie amid halflings.

3. She is willing to sacrifice her leadership post — and risk her political career — to continue calling out Donald Trump’s Big Lie.

4. She has decided that, if the price of her job is being as unctuous to Trump as Kevin McCarthy is, it isn’t worth it, because McCarthy is totally disgracing himself.

5. It has been a dizzying fall for the scion of one of the most powerful political families in the land, a conservative chip off the old block who was once talked about as a comer, someone who could be the first woman president.

6. How naïve I was to think that Republicans would be eager to change the channel after Trump cost them the Senate and the White House and unleashed a mob on them.

7. I thought the Donald would evaporate in a poof of orange smoke, ending a supremely screwed-up period of history.

8. But the loudest mouth is not shutting up.

9. And Republicans continue to listen, clinging to the idea that the dinosaur is the future.

10. “We can’t grow without him,” Lindsey Graham said.

📌 Note: 即使是比較長的句子，這位作者也會用標點符號拆散它：She is willing to sacrifice her leadership post — and risk her political career — to continue calling out Donald Trump’s Big Lie. 這就好比用句點一樣，讓我們讀起來有點停頓休息的時間。

★★★★★★★★★★★★

📌 注意到了嗎？

台灣人寫的英文，句子都偏長，而且長度都差不多。
美國人寫的就不一樣了：一個只有五個字的句子開頭，然後一堆稍微長一點的句子，然後再來一串短句。

你可能懷疑我故意挑選很極端了例子出來，而且幹嘛專門打台灣人呢？

所以想到這裡，我從我的書架上，隨便挑了兩本跟科技有關的書出來。左邊的，是美國人，矽谷知名投資人 Peter Thiel。右邊的是德國人，但注意了，是一個英文非常好的德國人。他不但是世界經濟論壇的創辦人，研究所也是在哈佛大學唸的。

★★★★★★★★★★★★

📌 兩本書 Introduction 是怎麼寫的？

Klaus Schwab (德國)：

Of the many diverse and fascinating challenges we face today, the most intense and important is how to understand and shape the new technology revolution, which entails nothing less than a transformation of humankind.

We are at the beginning of a revolution that is fundamentally changing the way we live, work, and relate to one another.
In its scale, scope and complexity, what I consider to be the fourth industrial revolution is unlike anything humankind has experienced before.

Peter Thiel (美國)：

Whenever I interview someone for a job, I like to ask this question: "What important truth do very few people agree with you on?"

The question sounds easy because it's straightforward.
Actually, it's very hard to answer.

It's intellectually difficult because the knowledge that everyone is taught in school is by definition agreed upon.

See the difference?

★★★★★★★★★★★★

📌 如何變換節奏呢？

需要Andrew的完整分享請留言「There’s rhythm in writing~」。

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