2021 Wrap-Up: Take a Step, Buy a Home

Before writing this article, I flipped through last year's summary. It was then that I found out that the idea of "people are mortal" was planted in my mind. Whenever I wake up in the morning and I open my eyes and see the sun rise, I think about this - it doesn't make me negative, I just think about what I can do in this life and what kind of person I can become. This means that it is difficult for me to be satisfied in simple things or indulge in some low-hanging fruit.

In fact, a lot of energy is spent on learning this year, and the time that can be counted through some apps is only more than 350 hours. It's more about flipping through the documentation, issues, and related papers of the newly introduced tech stack, and I'm also happy to give the open source community some feedback when using them, and make a small contribution to open source software.

The books I read this year are almost all computer-related, the only two non-computer ones are: "On China" and "Key Leaps (Beginners)". The former is well written, especially on the challenges, game analysis, and solutions that each generation of leaders encounters; the latter is a company-recommended book—a must-read for new managers. Reading the whole book makes sense. But if it is to be fully implemented, it is not easy - as we all know that "confidence is more important than gold", but without good expectation management, building employee confidence will become a difficult thing. How to manage expectations is another topic.

In the computer category, the book that impressed me the most this year is "Introduction to Operating Systems". There are two reasons: the first reason is that its content is not only easy to understand (compared to the operating system books I have read before), but also provides some small programming experiments - I saw in it that I was applying Some classic models and designs of layer programming. Therefore, after reading it, I have a more transparent feeling - this reminds me that I once took a walk by the river with a certain boss. He talked to me about his recent reading of "The Principles of Compilation", and I said this to you. Level Why should I read the Dragon Book? He said that every time he flips through this classic book repeatedly, there will be this kind of spiral upward feeling. I was silent then, thinking "what the hell does this feel like?". I think I'm in this spiral right now; the second reason is that I read half of this book on a business trip.

I remember one time when it was almost 12 o'clock in the evening, almost all the people on the plane dozed off. The background of my WeChat reading night mode is a moon. I was a little tired of reading, and I looked out of the small window, which happened to be the bright moon and the starry sky. At that moment, I seemed to see the sea of stars in the future.

After talking about the sea of stars, let’s talk about Gou in front of him. This year, I was fortunate enough to move to a house in the main urban area of Hangzhou and joined the army of house slaves. Wealth management income was -1.5% points, outperforming CSI 300 by nearly 4 points, and my return on fund fixed investment was 8 points+. Below are the returns for my aggressive portfolio (Dog Spear) and my undervalued portfolio (Dog Shield).

But I made a loss on the stock. After thinking about it, the only operation that was not done well in the first half of this year was to search for the bottom of a single stock. The bottom was copied, and many other opportunities were missed. In the future, it is still necessary to control the position - no more than 35% for a single industry and no more than 25% for a single stock.

And the reason I buy stocks is very simple, some industry indexes can't meet my investment needs - I think that part of the investment position is the element that should focus on low valuations. However, taking the undervalued bank index as an example, in such a basket of indexes, in addition to Zhaoping Xingning (let's not talk about the valuation issue), there are also a large number of state-owned banks. Is this worth it? In the context of making profits for the real economy, I don't think the financial reports of these banks will be very good. Taking insurance as an example, the Fubon Insurance Theme Index has been transferred to CATL for a 10% position. Is this reasonable? There are a large number of real estate companies in the real estate index, but under the pressure of the three red lines, how many financially unhealthy companies will die, then those companies with a large amount of cash flow will naturally have better development opportunities. There are too many such examples. Broad index funds (some made up of a large number of cyclical stocks) may be a simple and easy-to-use investment vehicle, but sector index funds are not necessarily so.

Finally, fitness, this year is basically losing weight. Although there is no change in weight, the upper body has been gaining muscle. There is no breakthrough in long-distance running - I have never wanted to slow down my speed, but once the distance is up, my body can't bear it. On short and medium runs, I tried some speed breakthroughs.

Looking back on the whole year, I've been pushing out of my comfort zone -- like I said at the beginning, I've had a hard time getting content with the simple things. Of course, when I stepped out of my comfort zone, I was not as light as the text, as this song sings: