![[Oak Tree Capital Howard 2022 Memorandum] [Oak Tree Capital Howard 2022 Memorandum]](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0153-cover.png&w=3840&q=75)
【Oak Management Howard 2022 Memo】Casual Talk on Investing CLEC Investment and Financial Education Academy Blog Post Date: January 21, 2022 A Worthwhile Investment Memo to Read! The attachment below is my translation into Chinese from 'Howard 2022 Memo': 【Sell Everything】 - Since I am now in the fourth decade of writing memos, sometimes I strongly want to conclude that I should exit, because I have already covered everything

![[The market will rise to a new high!] [The market will rise to a new high!]](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0152-cover.png&w=3840&q=75)
【The Market Will Rise to New Highs!】Easy Investment Talk CLEC Investment and Financial Education Academy Blog Post Date: January 21, 2022 When the market is falling and everyone is more panicked, I suggest that everyone look at longer-term stock charts. Click on the chart below, and you will find that the market is always experiencing tremors. Every time market fluctuations occur, everyone seems to feel that it is very big and scary, as if entering a bear market immediately, as if a 70% bubble is about to burst. In the end, it quickly rises again.

![[The Origin of James and Today] - Including All Chapters [The Origin of James and Today] - Including All Chapters](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0151-cover.png&w=3840&q=75)
[The Origin of James and Today] - Includes All Chapters (01/16/2022) Starting today, I will compile and summarize the articles I have written since 2006, organizing each article by its chapter and highlighting its main theme to explain my investment philosophy and viewpoints. I hope that in addition to directly conveying our investment information through other channels, CLEC can also use written text to share my successful long-term investment experiences with everyone.

![[Those who don't sell their stocks in the end will win!] [Those who don't sell their stocks in the end will win!]](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0150-cover.png&w=3840&q=75)
[Those Who Don't Sell Stocks Will Ultimately Win!] Casual Investment Chat CLEC Investment and Financial Education Academy Blog Post Date: December 21, 2021 The deeper the market falls, the higher it is about to rise! When you feel extremely panicked, it is usually a sign of the bottom, so you absolutely should not sell your stocks. Buy if you have money; those who don't sell stocks will ultimately win.

![[Suggestion: Generally, the four major funds redeem and buy passive funds 00757 and 00662.] [Suggestion: Generally, the four major funds redeem and buy passive funds 00757 and 00662.]](/_next/image?url=%2Fimages%2Fblog%2Ffb-posts%2Fen%2Ffb-post-0149-cover.png&w=3840&q=75)
CLEC 20211216 [Suggestion: Generally, the four major funds redeem and buy passive funds 00757 and 00662.] Recently, active fund performance has really been poor! Active funds, during an upward trend, take big bets (because retail investors bravely buy in) and their performance surpasses the market. Active funds, when the market is flat or volatile, are like retail investors (who fearfully redeem), causing performance issues.


The Finance Buff - October 17, 2021 Earlier this year, ProPublica exposed how super-rich individuals pay relatively little income tax. One of their tricks is to live off borrowed money. When they do not sell appreciating assets, they do not realize capital gains. No realized gains, no taxes. Meanwhile, their assets continue to grow, and banks become more willing to lend them more.
