Insights

“Gold will always shine” is a common saying, often cited to encourage harder work, yet it contains a fundamental factual error. Gold itself does not generate light; its glittering appearance is merely the color of light it reflects from external sources. Extending this simple physical fact to the realm of finance might offer a deeper understanding of gold’s nature as a special asset: the radiance of its value doesn’t stem from intrinsic growth or yield, but rather largely reflects external conditions – the market’s fear, the shadow of risk, the tide of currency, the temperature of geopolitics. Gold’s value is a passive and complex “reflective value.” ...

The Jianghan Customs House is one of the most representative landmark buildings in Wuhan, located at 129 Yanjiang Avenue. The building’s east-facing main entrance faces the Yangtze River, while its main structure runs parallel to Yanjiang Avenue. Its history traces back to 1861. According to Article 10 of the Treaty of Tianjin between China and Britain, the British government compelled the Qing government to open Zhenjiang, Jiujiang, and Hankou as foreign trade ports and establish customs houses. The Hankou Customs House (i.e., Jianghan Customs) was officially established in November of the same year, with Thomas Dick serving as the first Commissioner of Customs. ...

Berkshire Hathaway’s annual shareholder meeting is famously dubbed the “Woodstock of Capitalism.” However, unlike the original Woodstock music festival which took place only once in the distant year of 1968 (when Buffett was 38 and had acquired Berkshire just three years prior), Buffett’s gathering is a yearly event. How much value does this enduring “Woodstock of Capitalism” truly hold, and is that value adequately reflected in Berkshire Hathaway’s stock price? ...

Bill Gates has announced plans to permanently close his founded Bill & Melinda Gates Foundation by December 31, 2045. This decision significantly accelerates the pace of his philanthropic work. Compared to the original plan of gradually closing the foundation within 20 years after the deaths of Bill and Melinda, Gates chose to move the closure forward to 2045 to ensure funds are directed faster towards the world’s most pressing needs. He stated, “I have decided to return virtually all of my wealth to society faster than planned because there are too many urgent problems in the world that can’t wait.” ...

Wuhan consists of three towns, namely Hanyang, Wuchang and Hankou. Hanyang and Hankou face each other across the Han River. Among the three towns, Hanyang was established the earliest. Since the Tang Dynasty, Hanyang County has begun to govern the affairs in Hubei. Wuchang and Hankou face each other across the river. Wuchang originally referred to the current Ezhou area. After the Yuan Dynasty, it was precisely pointed to the current location of Wuchang City. ...

The following are some countries with consulates in Wuhan and their contact information, sorted according to the latest public information. Please note that the consulate information may change, and the most accurate and detailed information should be consulted at the official website of the country’s embassy in China or consulate in Wuhan. Many consulates in Hankou are usually concentrated in Jianghan District, Jiangan District and other areas, which are all part of the traditional Hankou area. ...

After nearly thirty years of exchange, Liu Pijiang has become the richest trader in the Jiaoting tribe. He runs a fur workshop. Liu Pijiang’s fur coats can be exchanged for almost everything he wants in the tribe. On a sunny afternoon, when Liu Pijiang was washing furs by the Moon River, he accidentally picked up a conch. This thing looks completely different from other clams, and he has never seen it before. It is like a trumpet in the hand, and you can hear a buzzing sound when you press your ears. ...

by Cui Hao (Tang Dynasty) The immortal who rode the yellow crane has long since departed, Only the Yellow Crane Tower stands here still. The yellow crane, once gone, has never returned, For a thousand years, the white clouds idly drift on. In the clear river’s view, Hanyang’s trees stand distinct, On Parrot Isle, lush grasses grow thick and green. Where is my homeland at sunset? The river’s mist and waves stir sorrow in the soul. ...

“All trading actions must be justified and can be adjusted." NHU (002001) Purchase date：2024-12-13 Average Purchase Price：￥21.77 Closing Price of the Previous Trading Day： Positions: days

In the North Sea there is a Peng, whose wings are like clouds hanging from the sky… There is a story that will unfold here. If you have patience, I will tell you the story. What I thought was going on before, now seems not to be so natural. Only when you meet again and again, you can see it more clearly.