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傑J
2021-11-15
Good stock with potential.
Pfizer’s Big Gamble Is Paying Off. Its Stock Is a Good Long-Term Bet.
傑J
2021-11-05
$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$
The benefit of perseverance
傑J
2021-10-12
$AppLovin Corporation(APP)$
Never disappoint
傑J
2021-08-10
$FRENCKEN GROUP LIMITED(E28.SI)$
Cautious and looking 😆
傑J
2021-08-06
Implementation and humans will always be the concern.
Why Apple's Plan To Scan iPhones For Child Sexual Abuse Content Is Worrying Experts
傑J
2021-08-06
$AEM HOLDINGS LTD(AWX.SI)$
Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁
傑J
2021-08-05
$FRENCKEN GROUP LIMITED(E28.SI)$
Let’s go higher!!!
傑J
2021-07-22
$FRENCKEN GROUP LIMITED(E28.SI)$
Thank you
傑J
2021-07-22
Ok
2 Stocks I'm Never Selling
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stock with potential.","listText":"Good stock with potential.","text":"Good stock with potential.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873753077","repostId":"1136859135","repostType":4,"repost":{"id":"1136859135","pubTimestamp":1636947003,"share":"https://www.laohu8.com/m/news/1136859135?lang=&edition=full","pubTime":"2021-11-15 11:30","market":"us","language":"en","title":"Pfizer’s Big Gamble Is Paying Off. Its Stock Is a Good Long-Term Bet.","url":"https://stock-news.laohu8.com/highlight/detail?id=1136859135","media":"Barrons","summary":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Mo","content":"<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.</p>\n<p>“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.</p>\n<p>Two years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.</p>\n<p>Bourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.</p>\n<p>In a cover story in November 2019, Barron’s argued that Bourla and Dolsten could pull it off.</p>\n<p>The new antiviral data reaffirms the case for Pfizer that Barron’s made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.</p>\n<p>Pfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).</p>\n<p>The Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.</p>\n<p>The worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.<img src=\"https://static.tigerbbs.com/7b64a90a2587bba33128c2a9cf35a596\" tg-width=\"961\" tg-height=\"647\" width=\"100%\" height=\"auto\">The success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.</p>\n<p>While Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.</p>\n<p>In the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.</p>\n<p>The antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.</p>\n<p>“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.</p>\n<p>Dolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.</p>\n<p>The protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.</p>\n<p>“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.</p>\n<p>Pfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).</p>\n<p>“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.</p>\n<p>Chen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.</p>\n<p>“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”</p>\n<p>That makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.</p>\n<p>Biden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”</p>\n<p>Moderna shares are down more than 40% over the past three months.</p>\n<p>As the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling Barron’s that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.</p>\n<p>When it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.</p>\n<p>That contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.</p>\n<p>Dolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”</p>\n<p>Such a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.</p>\n<p>An aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.</p>","source":"market_watch","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>Pfizer’s Big Gamble Is Paying Off. Its Stock Is a Good Long-Term Bet.</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\">\nPfizer’s Big Gamble Is Paying Off. Its Stock Is a Good Long-Term Bet.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-15 11:30 GMT+8 <a href=https://www.marketwatch.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=newsviewer_click><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that...</p>\n\n<a href=\"https://www.marketwatch.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.marketwatch.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1136859135","content_text":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.\n“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.\nTwo years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.\nBourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.\nIn a cover story in November 2019, Barron’s argued that Bourla and Dolsten could pull it off.\nThe new antiviral data reaffirms the case for Pfizer that Barron’s made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.\nPfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).\nThe Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.\nThe worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.The success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.\nWhile Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.\nIn the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.\nThe antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.\n“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.\nDolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.\nThe protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.\n“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.\nPfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).\n“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.\nChen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.\n“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”\nThat makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.\nBiden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”\nModerna shares are down more than 40% over the past three months.\nAs the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling Barron’s that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.\nWhen it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.\nThat contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.\nDolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”\nSuch a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.\nAn aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846855681,"gmtCreate":1636074722479,"gmtModify":1636074722639,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BDF.SI\">$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$</a>The benefit of perseverance ","listText":"<a href=\"https://laohu8.com/S/BDF.SI\">$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$</a>The benefit of perseverance ","text":"$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$The benefit of perseverance","images":[{"img":"https://static.tigerbbs.com/9ef0e38edd9578215632b5aeb01b30b7","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846855681","isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":826702768,"gmtCreate":1634050873285,"gmtModify":1634089247983,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APP\">$AppLovin Corporation(APP)$</a>Never disappoint","listText":"<a href=\"https://laohu8.com/S/APP\">$AppLovin Corporation(APP)$</a>Never disappoint","text":"$AppLovin Corporation(APP)$Never disappoint","images":[{"img":"https://static.tigerbbs.com/bff3482464bcd7942ca6a8ea18fc3bd5","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826702768","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":896858344,"gmtCreate":1628571192188,"gmtModify":1631888506284,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Cautious and looking 😆","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Cautious and looking 😆","text":"$FRENCKEN GROUP LIMITED(E28.SI)$ Cautious and looking 😆","images":[{"img":"https://static.tigerbbs.com/db4fb79a36cba725a32f15d46018f28f","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/896858344","isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893308630,"gmtCreate":1628235280420,"gmtModify":1633752359493,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"Implementation and humans will always be the concern. ","listText":"Implementation and humans will always be the concern. ","text":"Implementation and humans will always be the concern.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893308630","repostId":"1167569709","repostType":4,"repost":{"id":"1167569709","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628233505,"share":"https://www.laohu8.com/m/news/1167569709?lang=&edition=full","pubTime":"2021-08-06 15:05","market":"us","language":"en","title":"Why Apple's Plan To Scan iPhones For Child Sexual Abuse Content Is Worrying Experts","url":"https://stock-news.laohu8.com/highlight/detail?id=1167569709","media":"Benzinga","summary":"Apple has introduced new features to detect child sexual abuse content on iPhones in the U.S., but t","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has introduced new features to detect child sexual abuse content on iPhones in the U.S., but the move is worrying experts.</p>\n<p><b>What Happened</b>: Apple said Thursday that a new system will detect images of child exploitation called Child Sexual Abuse Material (CSAM) and match the image against a database of hashes provided by the National Center for Missing and Exploited Children (NCMEC) and other child safety organizations.</p>\n<p>The matching process is done on the user’s iPhone before the image is uploaded to the iCloud. If a matching image is found, it will be manually reviewed.</p>\n<p>On confirmation of child pornography, the user’s iCloud account will be disabled and the incident will be reported to law enforcement.</p>\n<p>Apple said that the new features will come later this year in updates to its operating software for iPhones, Apple Watches and Macs.</p>\n<p><b>Why It Matters:</b> <a href=\"https://laohu8.com/S/AAPL\">Apple</a> has been under pressure from law enforcement around the world to weaken its encryption so that it would help in the investigation of terrorism or child exploitation. The launch of the new features will help to alleviate some of those concerns.</p>\n<p>However, security experts are worried that the technology could be eventually be expanded to scan phones for other prohibited content. It could also be used by authoritarian governments to spy on dissidents and protestors.</p>\n<p><b>Matthew Green</b>, a cryptography researcher at Johns Hopkins University, warned that the new features will “break the dam” and governments will demand data from everyone.</p>\n<p>\"[The] problem is that encryption is a powerful tool that provides privacy, and you can’t really have strong privacy while also surveilling every image anyone sends,\" Green said.</p>\n<blockquote>\n Whoever controls this list can search for whatever content they want on your phone, and you don’t really have any way to know what’s on that list because it’s invisible to you (and just a bunch of opaque numbers, even if you hack into your phone to get the list.)\n</blockquote>\n<blockquote>\n — Matthew Green (@matthew_d_green) August 5, 2021\n</blockquote>\n<p><b>Price Action</b>: Apple shares closed less than 0.1% higher in Thursday’s regular trading session at $147.06, but declined 0.11% in the after-hours session to $146.90.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhy Apple's Plan To Scan iPhones For Child Sexual Abuse Content Is Worrying Experts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-06 15:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has introduced new features to detect child sexual abuse content on iPhones in the U.S., but the move is worrying experts.</p>\n<p><b>What Happened</b>: Apple said Thursday that a new system will detect images of child exploitation called Child Sexual Abuse Material (CSAM) and match the image against a database of hashes provided by the National Center for Missing and Exploited Children (NCMEC) and other child safety organizations.</p>\n<p>The matching process is done on the user’s iPhone before the image is uploaded to the iCloud. If a matching image is found, it will be manually reviewed.</p>\n<p>On confirmation of child pornography, the user’s iCloud account will be disabled and the incident will be reported to law enforcement.</p>\n<p>Apple said that the new features will come later this year in updates to its operating software for iPhones, Apple Watches and Macs.</p>\n<p><b>Why It Matters:</b> <a href=\"https://laohu8.com/S/AAPL\">Apple</a> has been under pressure from law enforcement around the world to weaken its encryption so that it would help in the investigation of terrorism or child exploitation. The launch of the new features will help to alleviate some of those concerns.</p>\n<p>However, security experts are worried that the technology could be eventually be expanded to scan phones for other prohibited content. It could also be used by authoritarian governments to spy on dissidents and protestors.</p>\n<p><b>Matthew Green</b>, a cryptography researcher at Johns Hopkins University, warned that the new features will “break the dam” and governments will demand data from everyone.</p>\n<p>\"[The] problem is that encryption is a powerful tool that provides privacy, and you can’t really have strong privacy while also surveilling every image anyone sends,\" Green said.</p>\n<blockquote>\n Whoever controls this list can search for whatever content they want on your phone, and you don’t really have any way to know what’s on that list because it’s invisible to you (and just a bunch of opaque numbers, even if you hack into your phone to get the list.)\n</blockquote>\n<blockquote>\n — Matthew Green (@matthew_d_green) August 5, 2021\n</blockquote>\n<p><b>Price Action</b>: Apple shares closed less than 0.1% higher in Thursday’s regular trading session at $147.06, but declined 0.11% in the after-hours session to $146.90.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167569709","content_text":"Apple has introduced new features to detect child sexual abuse content on iPhones in the U.S., but the move is worrying experts.\nWhat Happened: Apple said Thursday that a new system will detect images of child exploitation called Child Sexual Abuse Material (CSAM) and match the image against a database of hashes provided by the National Center for Missing and Exploited Children (NCMEC) and other child safety organizations.\nThe matching process is done on the user’s iPhone before the image is uploaded to the iCloud. If a matching image is found, it will be manually reviewed.\nOn confirmation of child pornography, the user’s iCloud account will be disabled and the incident will be reported to law enforcement.\nApple said that the new features will come later this year in updates to its operating software for iPhones, Apple Watches and Macs.\nWhy It Matters: Apple has been under pressure from law enforcement around the world to weaken its encryption so that it would help in the investigation of terrorism or child exploitation. The launch of the new features will help to alleviate some of those concerns.\nHowever, security experts are worried that the technology could be eventually be expanded to scan phones for other prohibited content. It could also be used by authoritarian governments to spy on dissidents and protestors.\nMatthew Green, a cryptography researcher at Johns Hopkins University, warned that the new features will “break the dam” and governments will demand data from everyone.\n\"[The] problem is that encryption is a powerful tool that provides privacy, and you can’t really have strong privacy while also surveilling every image anyone sends,\" Green said.\n\n Whoever controls this list can search for whatever content they want on your phone, and you don’t really have any way to know what’s on that list because it’s invisible to you (and just a bunch of opaque numbers, even if you hack into your phone to get the list.)\n\n\n — Matthew Green (@matthew_d_green) August 5, 2021\n\nPrice Action: Apple shares closed less than 0.1% higher in Thursday’s regular trading session at $147.06, but declined 0.11% in the after-hours session to $146.90.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893309320,"gmtCreate":1628234993360,"gmtModify":1631884832389,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","text":"$AEM HOLDINGS LTD(AWX.SI)$Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893309320","isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890774068,"gmtCreate":1628138595854,"gmtModify":1631888506307,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Let’s go higher!!! ","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Let’s go higher!!! ","text":"$FRENCKEN GROUP LIMITED(E28.SI)$Let’s go higher!!!","images":[{"img":"https://static.tigerbbs.com/827f3ff8746a879094f235cc0711422c","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890774068","isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172955837,"gmtCreate":1626929773729,"gmtModify":1631888506336,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Thank you ","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Thank you ","text":"$FRENCKEN GROUP LIMITED(E28.SI)$ Thank you","images":[{"img":"https://static.tigerbbs.com/7dbb46d264df7dd29ce1301a2cb58546","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172955837","isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172956908,"gmtCreate":1626929614904,"gmtModify":1633769620865,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580525223233841","idStr":"3580525223233841"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172956908","repostId":"2153610498","repostType":4,"repost":{"id":"2153610498","pubTimestamp":1626923460,"share":"https://www.laohu8.com/m/news/2153610498?lang=&edition=full","pubTime":"2021-07-22 11:11","market":"us","language":"en","title":"2 Stocks I'm Never Selling","url":"https://stock-news.laohu8.com/highlight/detail?id=2153610498","media":"Motley Fool","summary":"It's the only way to take advantage of what makes each of these businesses special.","content":"<p>To say I will never sell a stock typically means <a href=\"https://laohu8.com/S/AONE.U\">one</a> of two things: either management has laid out a strategy that obviously compounds its advantages over time or the company is benefiting from a trend that has no end in sight.</p>\n<p>For <b>Markel</b> (NYSE:MKL), management evaluates itself in five year windows and is transparent about its methodical approach to deploying capital. It is also following a model that has proven itself over the past half century. On the other hand, <b>Rollins</b> (NYSE:ROL) is riding a wave of climate change that is making its service valuable in an ever larger portion of the globe. Both give me good reason to suspect I'll never sell a share.</p>\n<h2>1. Markel</h2>\n<p>Markel is a specialty insurer that has developed an expertise in pricing unconventional risks. By focusing on areas like Arabian horses, summer camps, and karate schools, it has carved out a niche for itself where competition isn't fierce and its experience allows it to accurately assess the fair price for an insurance policy.</p>\n<p>That expertise shows up in the combined ratio. It's the percent of premiums collected that insurers pay as claims. Similar to gross margin, it is the standard measure of policy profitability. Anything under 100% means the company made more money than it paid out. For the past 15 years, Markel has only had two years where its combined ratio exceeded 100%. For that decade and a half, it averaged 95%. For context, the industry average is 100% -- break even -- over the past five years.</p>\n<p>That profitability has allowed management to invest in equities and buy small businesses. It's why many think of the company as the baby <b>Berkshire</b> <b>Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B). Like Berkshire, Markel uses book value per share as a yardstick for the company's value. It has grown 10.6% annually over the past decade, from $334 to $914. To underscore its long-term approach, the company uses five year time frames to evaluate its performance. And it is honest when it doesn't measure up.</p>\n<p>Management pointed out in the most recent shareholder letter that the stock hasn't delivered over the past half-decade. At the time that letter was written, shares had underperformed the broader <b>S&P 500 index</b> by an eye-popping 6,680 basis points since 2015 (100 basis points is equal to one percent). So far in 2021, the stock has merely held steady versus the index. It's a far cry from what shareholders had experienced over previous periods.</p>\n<table border=\"1\">\n <tbody>\n <tr>\n <th>Period</th>\n <th>Markel Shares</th>\n <th>S&P 500</th>\n <th>Annual Outperformance</th>\n </tr>\n <tr>\n <td>2006 to 2010</td>\n <td>19.3%</td>\n <td>0.8%</td>\n <td>Markel by 3.5%</td>\n </tr>\n <tr>\n <td>2011 to 2015</td>\n <td>133.6%</td>\n <td>62.5%</td>\n <td>Markel by 11.3%</td>\n </tr>\n <tr>\n <td>2016 to 2020</td>\n <td>17%</td>\n <td>83.8%</td>\n <td>S&P 500 by 10.8%</td>\n </tr>\n <tr>\n <td>2021 YTD</td>\n <td>14.6%</td>\n <td>13.4%</td>\n <td>Markel by 1.2%</td>\n </tr>\n </tbody>\n</table>\n<p>Data Source: Y-Charts; YTD=Year-to-Date.</p>\n<p>Over the entire 15 year period, Markel shares are only slightly outperforming. With stock valuations near the highest ever recorded by some measures, that trend of mediocrity is unlikely to persist for the next decade.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/976389138a438e7cd61a16f56e048c3d\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><span>MKL data by YCharts</span></p>\n<h2>2. Rollins</h2>\n<p>Rollins can trace its roots back to a small pest control business in the late 19th century. These days, it has 2.8 million customers across 900 locations worldwide. The last few decades have proven that getting rid of unwanted pests and wildlife is not something people cut back on even when the economy struggles. Rollins has seen 23 consecutive years of revenue growth and has averaged 20% annual earnings growth over the past two decades. That's not likely to change.</p>\n<p>The company has a pristine financial profile, with immense cash generation and little debt. But what convinces me to hold for the next few decades is the impact a warming climate will have on the pests Rollins makes its money removing. A few examples prove the point.</p>\n<p>Cockroaches love the hot humid air during summer. It's their breeding season. As the temperatures rise, they also get more active. In fact, they even cover more territory. Although they don't move much when it's cold, they begin to walk and run when it heats up. Real migration can happen when the temperature climbs above 100 degrees Fahrenheit -- they take flight. If you are expecting dry conditions to stand in the way of their progress, think again. Unlike humans, they can hold their breath for 40 minutes at a time in arid conditions to prevent dehydration.</p>\n<p>Warmer winters and hotter summers also provide a great breeding environment for rats. With a gestation period of only 14 days, and an ability to start reproducing at only one month old, one pregnant rat can lead to more than 15,000 babies in a year. That's both impressive and disgusting. With global temperatures rising, rats brazenly meandering towns and cities like they did during the COVID lockdowns could become more prevalent.</p>\n<p>Another result of rising temperatures has been an increase in mosquito-borne illnesses. Scientists believe over the next 30 years, the bloodsuckers will expand their territory to reach half of the world's population. Recent data suggests various species are spreading north at about 37 miles-per-year in the U.S. and 93 miles-per-year in Europe. Although there are multiple factors behind the migration, it all adds up to an expanded opportunity for Rollins. It's a change that will occur over the next 30 years. For me, it's a good reason to hold shares and never sell.</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>2 Stocks I'm Never Selling</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\">\n2 Stocks I'm Never Selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 11:11 GMT+8 <a href=https://www.fool.com/investing/2021/07/21/2-stocks-im-never-selling/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>To say I will never sell a stock typically means one of two things: either management has laid out a strategy that obviously compounds its advantages over time or the company is benefiting from a ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/21/2-stocks-im-never-selling/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MKL":"Markel Corp","ROL":"Rollins Inc"},"source_url":"https://www.fool.com/investing/2021/07/21/2-stocks-im-never-selling/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153610498","content_text":"To say I will never sell a stock typically means one of two things: either management has laid out a strategy that obviously compounds its advantages over time or the company is benefiting from a trend that has no end in sight.\nFor Markel (NYSE:MKL), management evaluates itself in five year windows and is transparent about its methodical approach to deploying capital. It is also following a model that has proven itself over the past half century. On the other hand, Rollins (NYSE:ROL) is riding a wave of climate change that is making its service valuable in an ever larger portion of the globe. Both give me good reason to suspect I'll never sell a share.\n1. Markel\nMarkel is a specialty insurer that has developed an expertise in pricing unconventional risks. By focusing on areas like Arabian horses, summer camps, and karate schools, it has carved out a niche for itself where competition isn't fierce and its experience allows it to accurately assess the fair price for an insurance policy.\nThat expertise shows up in the combined ratio. It's the percent of premiums collected that insurers pay as claims. Similar to gross margin, it is the standard measure of policy profitability. Anything under 100% means the company made more money than it paid out. For the past 15 years, Markel has only had two years where its combined ratio exceeded 100%. For that decade and a half, it averaged 95%. For context, the industry average is 100% -- break even -- over the past five years.\nThat profitability has allowed management to invest in equities and buy small businesses. It's why many think of the company as the baby Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). Like Berkshire, Markel uses book value per share as a yardstick for the company's value. It has grown 10.6% annually over the past decade, from $334 to $914. To underscore its long-term approach, the company uses five year time frames to evaluate its performance. And it is honest when it doesn't measure up.\nManagement pointed out in the most recent shareholder letter that the stock hasn't delivered over the past half-decade. At the time that letter was written, shares had underperformed the broader S&P 500 index by an eye-popping 6,680 basis points since 2015 (100 basis points is equal to one percent). So far in 2021, the stock has merely held steady versus the index. It's a far cry from what shareholders had experienced over previous periods.\n\n\n\nPeriod\nMarkel Shares\nS&P 500\nAnnual Outperformance\n\n\n2006 to 2010\n19.3%\n0.8%\nMarkel by 3.5%\n\n\n2011 to 2015\n133.6%\n62.5%\nMarkel by 11.3%\n\n\n2016 to 2020\n17%\n83.8%\nS&P 500 by 10.8%\n\n\n2021 YTD\n14.6%\n13.4%\nMarkel by 1.2%\n\n\n\nData Source: Y-Charts; YTD=Year-to-Date.\nOver the entire 15 year period, Markel shares are only slightly outperforming. With stock valuations near the highest ever recorded by some measures, that trend of mediocrity is unlikely to persist for the next decade.\nMKL data by YCharts\n2. Rollins\nRollins can trace its roots back to a small pest control business in the late 19th century. These days, it has 2.8 million customers across 900 locations worldwide. The last few decades have proven that getting rid of unwanted pests and wildlife is not something people cut back on even when the economy struggles. Rollins has seen 23 consecutive years of revenue growth and has averaged 20% annual earnings growth over the past two decades. That's not likely to change.\nThe company has a pristine financial profile, with immense cash generation and little debt. But what convinces me to hold for the next few decades is the impact a warming climate will have on the pests Rollins makes its money removing. A few examples prove the point.\nCockroaches love the hot humid air during summer. It's their breeding season. As the temperatures rise, they also get more active. In fact, they even cover more territory. Although they don't move much when it's cold, they begin to walk and run when it heats up. Real migration can happen when the temperature climbs above 100 degrees Fahrenheit -- they take flight. If you are expecting dry conditions to stand in the way of their progress, think again. Unlike humans, they can hold their breath for 40 minutes at a time in arid conditions to prevent dehydration.\nWarmer winters and hotter summers also provide a great breeding environment for rats. With a gestation period of only 14 days, and an ability to start reproducing at only one month old, one pregnant rat can lead to more than 15,000 babies in a year. That's both impressive and disgusting. With global temperatures rising, rats brazenly meandering towns and cities like they did during the COVID lockdowns could become more prevalent.\nAnother result of rising temperatures has been an increase in mosquito-borne illnesses. Scientists believe over the next 30 years, the bloodsuckers will expand their territory to reach half of the world's population. Recent data suggests various species are spreading north at about 37 miles-per-year in the U.S. and 93 miles-per-year in Europe. Although there are multiple factors behind the migration, it all adds up to an expanded opportunity for Rollins. It's a change that will occur over the next 30 years. For me, it's a good reason to hold shares and never sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":873753077,"gmtCreate":1636988594197,"gmtModify":1636988594197,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"Good stock with potential.","listText":"Good stock with potential.","text":"Good stock with potential.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873753077","repostId":"1136859135","repostType":4,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":893309320,"gmtCreate":1628234993360,"gmtModify":1631884832389,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","text":"$AEM HOLDINGS LTD(AWX.SI)$Good potential. Results despite report lowercompared to previous year, but taking into account of last year situation. It’s still a good result. Maybe I am the half glass full kind of person 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893309320","isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890774068,"gmtCreate":1628138595854,"gmtModify":1631888506307,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Let’s go higher!!! ","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Let’s go higher!!! ","text":"$FRENCKEN GROUP LIMITED(E28.SI)$Let’s go higher!!!","images":[{"img":"https://static.tigerbbs.com/827f3ff8746a879094f235cc0711422c","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890774068","isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896858344,"gmtCreate":1628571192188,"gmtModify":1631888506284,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Cautious and looking 😆","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Cautious and looking 😆","text":"$FRENCKEN GROUP LIMITED(E28.SI)$ Cautious and looking 😆","images":[{"img":"https://static.tigerbbs.com/db4fb79a36cba725a32f15d46018f28f","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/896858344","isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172955837,"gmtCreate":1626929773729,"gmtModify":1631888506336,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Thank you ","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a> Thank you ","text":"$FRENCKEN GROUP LIMITED(E28.SI)$ Thank you","images":[{"img":"https://static.tigerbbs.com/7dbb46d264df7dd29ce1301a2cb58546","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172955837","isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":846855681,"gmtCreate":1636074722479,"gmtModify":1636074722639,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BDF.SI\">$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$</a>The benefit of perseverance ","listText":"<a href=\"https://laohu8.com/S/BDF.SI\">$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$</a>The benefit of perseverance ","text":"$EXCELPOINT TECHNOLOGY LTD(BDF.SI)$The benefit of perseverance","images":[{"img":"https://static.tigerbbs.com/9ef0e38edd9578215632b5aeb01b30b7","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846855681","isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":826702768,"gmtCreate":1634050873285,"gmtModify":1634089247983,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/APP\">$AppLovin Corporation(APP)$</a>Never disappoint","listText":"<a href=\"https://laohu8.com/S/APP\">$AppLovin Corporation(APP)$</a>Never disappoint","text":"$AppLovin Corporation(APP)$Never disappoint","images":[{"img":"https://static.tigerbbs.com/bff3482464bcd7942ca6a8ea18fc3bd5","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826702768","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":893308630,"gmtCreate":1628235280420,"gmtModify":1633752359493,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"Implementation and humans will always be the concern. ","listText":"Implementation and humans will always be the concern. ","text":"Implementation and humans will always be the concern.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893308630","repostId":"1167569709","repostType":4,"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172956908,"gmtCreate":1626929614904,"gmtModify":1633769620865,"author":{"id":"3580525223233841","authorId":"3580525223233841","name":"傑J","avatar":"https://static.tigerbbs.com/27b2c01ca36bff98bc60b700de0dfe37","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580525223233841","authorIdStr":"3580525223233841"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172956908","repostId":"2153610498","repostType":4,"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}