Bayar D, CFA

Long term investment, Books, Financial discipline. Posts are NOT FINANCIAL ADVICE.

[Bayar D, CFA @Bayar_D]

The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship.

Andrew Carnegie, The Gospel of Wealth

[Bayar D, CFA @Bayar_D]

Сонгуульдаа оролцож байгаарай. Солонгос сурталчилгаа.

[yoshitomo nara / 奈良美智 @michinara3]

韓国の地方選挙に向けて投票を促進するCM。独立以降の歴史をわかりやすい動画にしていて近代史を駆け抜けた子どもはカウントダウンと共に投票所にたどり着く。今までに観た近代史を扱った韓流映画がいくつか思い出された。老若男女の心に響く映像。

[Tucker Carlson @TuckerCarlson]

As the US is dragged into another foreign war, it's worth knowing about the man who forced us into it. Watch the film so revealing that it's banned in Israel. The Bibi Files streaming now on TCN.

[Baabar @Baabarniitlelch]

Ханрисорс эвлэрэлийн гэрээ хийе гэж гуйсан. Тэд Мардайд 15 орчим сая долларын хөрөнгө оруулсан, эвлэрэл хийвэл 25 саяыг аваад Монголоос гарлаа гэж. Алтанхуяг ЕС шууд салаавч үзүүлсэн. Ханрисорс арбитарт хандан 400 сая доллар нэхэмжилсэн. Арбитрын шүүх 100 сая гэж тогтоосон. Тэгэнгүүт Алтанхуяг буруутныг хайн Монатом компаний захирал Бааданг шоронд хийх гэж дайрсан. Эцэст нь Монгол Ханрисорсоос уучлал гуйн тохиролцож 80 сая доллар төлсөн.

[Baabar @Baabarniitlelch]

Нүүрэндээ маасктай, бүрэн зэвсгэлсэн тагнуулын ажилтнууд УИХ-ын даргыг даган түүний биечилсэн удирдлагын дор хувийн компани руу дайран харуулын ажилтнуудыг буу тулган хэвтүүлж хүлж байсан бичлэг нэгэнт үлджээ. Араас нь баахан тэнэг тайлбар тавьцгаасан ч энэ нь тагнуулынхны хариусан ажил мөн үү, харуулын ажилтнуудын баривчилдаг нь ямар учиртай, тэр уурхайн асуудал шүүхийн маргаантай байсан юм бол тагнуул шүүхийн асуудлыг зохицуулах уу гэх мэт хуулийн наад захын асуултанд хариулаагүй. Зандан Баянхонгорт нэр дэвшихдээ намайг сонгуулийн мэнэжэрээр ажиллач гэж гуйж байсан. Машинд мөргүүлээд тэнэг дээрээ бүр больчихсон юм байхдаа л гэж бодоод өнгөрсөн. Дараа нь чамайг мэнэжэр болгоод ялалт байгуулан УИХ-ын дарга болуутаа тэтгэвэртээ суусан чамайг Тагнуулын дарга болгоод энэ хувийн компани руу хийсэн довтолгоон. Цаад дээд захиалагч нь Жэнко байж дээрэмдсэн хөрөнгийг тэтгэвэрийнхэнд тараана гэсэн. Тэтгэвэрийн насны чи бид хоёрт лав ганц ч төгрөг ирээгүй. Чамайг шагнасан эсэхийг мэдэхгүй. Тагнуулын байгууллага үргэлж улс төрийн захиалгаар ажилласаар ирсэн, үүний нэг жишээ нь чи шүү дээ, Гэрэл ээ? Матаач биш болохоор би яриад гүйгээд байдаггүй болохоос чамайг мэднэ, Цааш нь ярих уу яахав?

[Bayar D, CFA @Bayar_D]

Jay Leno is the man.

[Mr PitBull Stories @MrPitbull07]

There is a version of this story that is easy to romanticize. A famous man stays loyal to his wife. People applaud. The end.
But the real version is much harder, much quieter, and far more honest than that.
Jay Leno, 75, spent more than two decades as one of the most recognized faces on American television, hosting The Tonight Show night after night for millions of viewers. His wife, Mavis, stood beside him throughout all of it — not as a background figure, but as a woman of genuine accomplishment in her own right. She was nominated for the Nobel Peace Prize in 2002 for her advocacy work supporting women living under Taliban rule in Afghanistan. She was fiercely independent, deeply curious, and someone who loved to travel and explore the world.
Then, in 2024, Jay filed for conservatorship over her estate. The reason was that Mavis had been diagnosed with advanced dementia and was progressively losing capacity and orientation.
Their life changed completely.
The restaurants they once visited together are now off the menu. The travel Mavis always loved is no longer possible. The conversations they used to have in the evenings have narrowed and shifted in ways that are hard to fully explain to someone who has not lived it. Dementia does not just take memory. It slowly changes the shape of every moment two people share.
Jay has spoken publicly about the hardest part of the journey, and it is not what most people would expect. For years, every single morning, Mavis would wake up believing she had just received news that her mother had died. She experienced that grief fresh, as if hearing it for the first time, every day. Her mother went through that process of dying over and over again, for about three years. Each time, Mavis cried. Each time, Jay held her through it. He described it as truly tricky, and genuinely hard.
But he did not leave.
He rearranged his life around her needs. He only takes work that allows him to be home the same day or at most one night away. He comes home every evening and cooks her dinner. They watch television together, animal shows and travel documentaries on YouTube since real travel is no longer an option. When he carries her to the bathroom, he has a name for it. He calls it Jay and Mavis at the prom, the two of them dancing back and forth down the hallway, and she thinks it is funny. She still laughs. He still makes her laugh on purpose, every single day.
She still knows who he is. She looks at him and smiles. She tells him she loves him.
When someone asked Jay if he was going to get a girlfriend now, he was genuinely surprised by the question. He told them he already had one. He was married. Forty-five years. That was not something he considered walking away from.
What he said next is the part that has stayed with people.
He said that when you get married, you take vows. You say for better or worse. And most people, he noted, never really expect to be called upon to actually act on those words. They say them and hope the worse never arrives.
For Jay, it arrived.
And he is passing the test.
He has said he hopes his situation draws attention not just to his own story, but to the 50 or 60 million people in America who are quietly doing the same thing for a parent, a spouse, a sibling, and doing it completely without recognition. Nobody sees them. Nobody is interviewing them. They are just showing up every single day for someone who needs them, because that is what love actually looks like when it is no longer a feeling but a choice you make again every morning.
Jay Leno still makes his wife laugh. She still has the fire, he says. She still growls at the television when something offends her. She still smiles when he walks into the room.
For better or worse is not a promise you make on a beautiful day in a beautiful place with everyone watching.
It is what you do on a Tuesday evening when you carry the person you love to the bathroom and call it the prom, just to make her smile.
That is the whole story.

[Bayar D, CFA @Bayar_D]

@SBayar12 @ganga_bayar "As you grow older, you get the reputation you deserve" гэж Fiat-н үүсгэн байгуулагч Giovanni Agnelli хэлсэн юм гэнэ лээ.

[Grey @jgreyfriend]

In 2021, Stanley Druckenmiller explained how he compounded at 30% for 30 years straight.

He broke down why:
- Winning isn’t about being right
- Markets reward puzzle-solvers
- Entitlements threaten youth

12 lessons from Druckenmiller on markets, risk and the future of America:

[The Driven Man @Thedrivenman]

Longtime Berkshire Hathaway investor shows the power of never selling

[Bayar D, CFA @Bayar_D]

When business is too good. A Tokyo barber shop.

[Bayar D, CFA @Bayar_D]

@880218_megu 👍

[KIMUSE_ @kimuse_]

2023年度、韓国は初めて一人当たりGDPで日本を上回った。
そして今や、人口3倍、国土4倍規模を持つ日本を、輸出額でも超えた。
半導体産業の活躍による一時的な現象かもしれないが、この出来事は間違いなく歴史に残る一幕となるだろう。
それにしても、この20年間「韓国経済はまもなく崩壊する」と言い続けてきたのは、一体誰だ？
今どこにいる？
韓国は1961年から昨年まで、年平均6.8％という驚くほどの経済成長を続けてきた。
これは世界的な記録である。
朝鮮戦争で廃墟となった後進国が、先進国へと発展した韓国は国連加盟国の中で唯一の例だ。
援助を受ける側から、援助を与える側へと転じた初めての国でもある。
直視しろ！韓国を舐めるな！
���本のニセ専門家！20年後お前らが言った反対になっただろう！
そのニセ専門家たちは現在も日本経済に対して嘘を言っている。

[Bayar D, CFA @Bayar_D]

@fujimaki_takesi Japan is a socialist country with Free economic face, while China is a market economy with a Socialist slogan?

[藤巻健史 @fujimaki_takesi]

「分配一色、乏しい財政配慮」
本日の日経新聞１面トップ記事。
経済界よりの日経新聞が、このタイトルの記事を１面トップで大々的に流すということは経済界が相当な危機感を持っている証拠。そりゃ、そうだろう。実際に経済活動に携わっており、経済チキ機の豊富な方が多いから。
之では日本は。まさに結果平等の社会���義国家。
皆が平等に貧しくなる道を驀進中。

[Bayar D, CFA @Bayar_D]

This is exactly what most of us did.

[hinata @HinataMotivates]

Peter Thiel's no.1 advice for his younger self.

[Bayar D, CFA @Bayar_D]

Apples on kitchen table.

[🍂 @Lovandfear]

After you get married, you’re going to meet ‘better’ people than your spouse. You’re going to meet more good-looking people; kinder and more romantic people; more intelligent and funny people. You will meet people who have in abundance what your partner lacks. The mushy and romanticized idea that your partner will be everything to you, and will satisfy all your needs and wants is idolatry. Contentment in marriage is a virtue not often spoken about.

You must wake up every day appreciating everything your partner is to you, everything they have, their beauty and the things that made you marry them because if you focus on everything they don’t do well, you’ll always meet better people. Protect your heart! See their best part, and always remember that your commitment to marry is more of a duty than it is of mushy feelings. You have to stay committed even on the days you feel your spouse is no longer the best fit for you…

-Buchi

[William Green @WilliamGreen72]

On a snowy day in NY, it’s the perfect time to cocoon with a good book, a coffee & a dog. Meanwhile, you may want to check out my new podcast episode with the great Howard Marks: https://t.co/YYkGljnHiZ. He’s a wonderful guest.

[BatpurevA @batpureva]

Крипто валют буюу койн нэрээр луйвар хийсэн хүмүүс ингээд ар араасаа шоронгийн хаалга татаж байгаа. Манайд болохоор эксель шийт зараад луйвар хийцэн хүмүүс хэн та нарыг ав гэсийн угаасаа эрсдэлтэйшдээ гэсэн шүү юм яриад олсон мөнгөөрөө танагласан шиг явж байдаг https://t.co/Tur40ntlmN

[iToim.mn @iToim_mn]

С.Баярцогт: Би Монголын төлөө чөмгөө дундартал ажилласан. Цаашдаа ч ажиллана