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Yyk93
2021-08-31
[Miser] [Miser] [Miser]
Yyk93
2021-08-31
$AMC Entertainment(AMC)$
[Miser]
Yyk93
2021-08-30
Rocket!!
Yyk93
2021-08-30
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Miser]
Yyk93
2021-08-09
[Miser]
Yyk93
2021-08-09
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Miser]
Yyk93
2021-08-07
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Smile]
Yyk93
2021-08-07
[Smile]
Yyk93
2021-08-02
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Smile]
Yyk93
2021-08-02
Here it comes
Yyk93
2021-08-01
[Happy]
Yyk93
2021-07-30
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Smile]
Yyk93
2021-07-27
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Miser]
Yyk93
2021-07-27
[Happy]
Yyk93
2021-07-26
[Miser]
Yyk93
2021-07-26
$TORCHLIGHT ENERGY RESOURCES, INC.(TRCHN)$
[Miser]
Yyk93
2021-07-23
Anytime now
Yyk93
2021-07-22
Starting to rise
Yyk93
2021-07-22
$Facebook(FB)$
[Smile]
Yyk93
2021-07-21
$Facebook(FB)$
[Smile]
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RESOURCES, INC.(TRCHN)$[Miser]","images":[{"img":"https://static.tigerbbs.com/cefda3c7cb8e1279f84d0d929753d18b","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800279959","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":175543992,"gmtCreate":1627044038216,"gmtModify":1631890044489,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Anytime now","listText":"Anytime now","text":"Anytime now","images":[{"img":"https://static.tigerbbs.com/4cb2a8505914688138e528dca0992037","width":"750","height":"2390"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175543992","isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172653284,"gmtCreate":1626960419448,"gmtModify":1631890044493,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Starting to rise","listText":"Starting to rise","text":"Starting to rise","images":[{"img":"https://static.tigerbbs.com/b819f800dcd731c490e004feedacebd8","width":"750","height":"2390"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172653284","isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172653026,"gmtCreate":1626960398365,"gmtModify":1631885227559,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>[Smile] ","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>[Smile] ","text":"$Facebook(FB)$[Smile]","images":[{"img":"https://static.tigerbbs.com/317c5752f5fe215789f244f4cbe02b89","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172653026","isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":178665832,"gmtCreate":1626818650126,"gmtModify":1631885227660,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>[Smile] ","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>[Smile] ","text":"$Facebook(FB)$[Smile]","images":[{"img":"https://static.tigerbbs.com/f4f2f63e4510250caebe1006f7806c79","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178665832","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":127734905,"gmtCreate":1624868504107,"gmtModify":1631884927194,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MMAT\">$Meta Materials Inc.(MMAT)$</a>Selling now will just let shorters cover their position cheaper. HOLD and price will grow","listText":"<a href=\"https://laohu8.com/S/MMAT\">$Meta Materials Inc.(MMAT)$</a>Selling now will just let shorters cover their position cheaper. HOLD and price will grow","text":"$Meta Materials Inc.(MMAT)$Selling now will just let shorters cover their position cheaper. HOLD and price will grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127734905","isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127507304,"gmtCreate":1624854580308,"gmtModify":1631884927433,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TRCH\">$Torchlight Energy Resources(TRCH)$</a>Called tiger broker service Center and they are working on listing of MMAT, should be able totrade during market opening. If there is any update, shareholders will be updated accordingly through news or email. Everyone please understand that this stock will have a major short squeeze this week, the shorts need to cover their position, hold and torch the shorter! HODL and congrats to all! ","listText":"<a href=\"https://laohu8.com/S/TRCH\">$Torchlight Energy Resources(TRCH)$</a>Called tiger broker service Center and they are working on listing of MMAT, should be able totrade during market opening. If there is any update, shareholders will be updated accordingly through news or email. Everyone please understand that this stock will have a major short squeeze this week, the shorts need to cover their position, hold and torch the shorter! HODL and congrats to all! ","text":"$Torchlight Energy Resources(TRCH)$Called tiger broker service Center and they are working on listing of MMAT, should be able totrade during market opening. If there is any update, shareholders will be updated accordingly through news or email. Everyone please understand that this stock will have a major short squeeze this week, the shorts need to cover their position, hold and torch the shorter! HODL and congrats to all!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/127507304","isVote":1,"tweetType":1,"viewCount":1392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129158704,"gmtCreate":1624366548108,"gmtModify":1631885233710,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TRCH\">$Torchlight Energy Resources(TRCH)$</a>No reason for the stock to drop unless some hedge fund wants to buy at a cheaper price. If you don’t sell, they can’t buyback stock to cover their position. I feel that holding is definitely the right decision. Dydd. ","listText":"<a href=\"https://laohu8.com/S/TRCH\">$Torchlight Energy Resources(TRCH)$</a>No reason for the stock to drop unless some hedge fund wants to buy at a cheaper price. If you don’t sell, they can’t buyback stock to cover their position. I feel that holding is definitely the right decision. Dydd. ","text":"$Torchlight Energy Resources(TRCH)$No reason for the stock to drop unless some hedge fund wants to buy at a cheaper price. If you don’t sell, they can’t buyback stock to cover their position. I feel that holding is definitely the right decision. Dydd.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/129158704","isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165024847,"gmtCreate":1624082529689,"gmtModify":1634010885051,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Give like please","listText":"Give like please","text":"Give like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/165024847","repostId":"1156696708","repostType":4,"repost":{"id":"1156696708","kind":"news","pubTimestamp":1624063306,"share":"https://www.laohu8.com/m/news/1156696708?lang=&edition=full","pubTime":"2021-06-19 08:41","market":"us","language":"en","title":"Dow falls more than 500 points to close out its worst week since October","url":"https://stock-news.laohu8.com/highlight/detail?id=1156696708","media":"cnbc","summary":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob","content":"<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow falls more than 500 points to close out its worst week since October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow falls more than 500 points to close out its worst week since October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 08:41 GMT+8 <a href=https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156696708","content_text":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, putting pressure on stock prices.\n\"The fear held by some investors is that if the Fed tightens policy sooner than expected to help cool inflationary pressures, this could weigh on future economic growth,\" Truist Advisory Services chief market strategist Keith Lerner said in a note. To be sure, he added it would be premature to give up on the so-called value trade right now.\nPockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.\nThe decline in stocks came as the Fed's actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. This event may have contributed to more volatile trading during the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173133172,"gmtCreate":1626636600196,"gmtModify":1633925410140,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Smile] ","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>[Smile] ","text":"$Apple(AAPL)$[Smile]","images":[{"img":"https://static.tigerbbs.com/e51c446b1e5da2ba9219371d09f6ff8a","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/173133172","isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":158385015,"gmtCreate":1625129746237,"gmtModify":1633944475213,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Comment ","listText":"Comment ","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158385015","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://www.laohu8.com/m/news/1106223449?lang=&edition=full","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8 <a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156556782,"gmtCreate":1625232222946,"gmtModify":1633942295686,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/156556782","repostId":"1142786875","repostType":4,"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159156343,"gmtCreate":1624950991582,"gmtModify":1633946596911,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>HODL","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>HODL","text":"$AMC Entertainment(AMC)$HODL","images":[{"img":"https://static.tigerbbs.com/5dfacbe10a55874d11ea87ac0fbb056d","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159156343","isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":154783003,"gmtCreate":1625545578602,"gmtModify":1631885981637,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>Nooo","listText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>Nooo","text":"$Clean Energy Fuels(CLNE)$Nooo","images":[{"img":"https://static.tigerbbs.com/ba6ec52f761d0171b1e46c701f18157d","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154783003","isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156555425,"gmtCreate":1625232298167,"gmtModify":1631885981670,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>[Spurting] ","listText":"<a href=\"https://laohu8.com/S/CLNE\">$Clean Energy Fuels(CLNE)$</a>[Spurting] ","text":"$Clean Energy Fuels(CLNE)$[Spurting]","images":[{"img":"https://static.tigerbbs.com/0010152438d1900b6936fd72f7e01399","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156555425","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153701009,"gmtCreate":1625047298101,"gmtModify":1633945485709,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>HODL ","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>HODL ","text":"$AMC Entertainment(AMC)$HODL","images":[{"img":"https://static.tigerbbs.com/564832c728b5202bae541e4054ef4d2b","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153701009","isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153703571,"gmtCreate":1625047272893,"gmtModify":1633945485958,"author":{"id":"3579215307992883","authorId":"3579215307992883","name":"Yyk93","avatar":"https://static.tigerbbs.com/c88c4fbff03dba565b2431bddbbfb7d2","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579215307992883","authorIdStr":"3579215307992883"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153703571","repostId":"2147890552","repostType":4,"repost":{"id":"2147890552","kind":"highlight","pubTimestamp":1625046365,"share":"https://www.laohu8.com/m/news/2147890552?lang=&edition=full","pubTime":"2021-06-30 17:46","market":"us","language":"en","title":"Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake","url":"https://stock-news.laohu8.com/highlight/detail?id=2147890552","media":"Motley Fool","summary":"Focus less on results and more on the process for making your decisions.","content":"<p>Warren Buffett might be <a href=\"https://laohu8.com/S/AONE\">one</a> of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at <b>Berkshire Hathaway </b>(NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.</p>\n<p>One of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e22701209a2d3771df1ea06f7784da80\" tg-width=\"700\" tg-height=\"469\"><span>Image source: Getty Images.</span></p>\n<h2>A short history of Buffett's latest airline investments</h2>\n<p>Buffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in <b>Delta Air Lines </b>(NYSE:DAL), <b>Southwest Airlines </b>(NYSE:LUV), <b>American Airlines Group </b>(NASDAQ:AAL), and <b>United Airlines Holdings </b>(NASDAQ:UAL) starting in 2016.</p>\n<p>By early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.</p>\n<p>Yet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.</p>\n<p>Since then, airline stocks have recovered sharply. By <a href=\"https://laohu8.com/S/AONE.U\">one</a> account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.</p>\n<h2>Buffett thinks in bets</h2>\n<p>As big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie <a href=\"https://laohu8.com/S/DEX.AU\">Duke</a> explains in her book <i>Thinking in Bets</i>, relying on results-oriented thinking can be dangerous.</p>\n<p>Buffett has made his rationale for selling airline stocks quite clear:</p>\n<ul>\n <li>Although there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been <i>less </i>inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.</li>\n <li>Even now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.</li>\n <li>Business travel might yet <i>never </i>return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.</li>\n</ul>\n<p>Of course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"</p>\n<p>In other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results <i>every </i>time, but their superior processes will lead to superior performance <i>much </i>of the time. In investing, that's all you need to succeed.</p>\n<h2>Be a better investor</h2>\n<p>Instead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. The more you focus on putting the odds in your favor, the more likely it is you'll find the same investment success that Buffett is famous for.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:46 GMT+8 <a href=https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAL":"美国航空","LUV":"西南航空","BRK.A":"伯克希尔","BRK.B":"伯克希尔B","DAL":"达美航空","UAL":"联合大陆航空"},"source_url":"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147890552","content_text":"Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.\nOne of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.\nImage source: Getty Images.\nA short history of Buffett's latest airline investments\nBuffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), American Airlines Group (NASDAQ:AAL), and United Airlines Holdings (NASDAQ:UAL) starting in 2016.\nBy early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.\nYet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.\nSince then, airline stocks have recovered sharply. By one account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.\nBuffett thinks in bets\nAs big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie Duke explains in her book Thinking in Bets, relying on results-oriented thinking can be dangerous.\nBuffett has made his rationale for selling airline stocks quite clear:\n\nAlthough there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been less inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.\nEven now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.\nBusiness travel might yet never return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.\n\nOf course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"\nIn other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results every time, but their superior processes will lead to superior performance much of the time. In investing, that's all you need to succeed.\nBe a better investor\nInstead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. 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