Recent Articles
1994-03-01 Warren Buffett.Dexter Shoe
Refer To：《1994-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Dexter Shoe What we did last year was build on our 1991 purchase of H. H. Brown, a superbly-run manufacturer of work shoes, boots and other footwear. Brown has been a real ...
2008-10-31 Bitcoin: A Peer-to-Peer Electronic Cash System
Refer To：《Bitcoin: A Peer-to-Peer Electronic Cash System》。 Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital ...
I.C.S.21.006.Account.Bitcoin
加密货币已经是整个金融系统的重要组成部分。 1、加密算法 加密技术是Bitcoin能够成立的基础，分私钥/公钥，从私钥算公钥很容易，从公钥反推私钥在计算上不可行。Bitcoin利用密钥巨大的数据集代替账号，随机生成几十亿个账号也不可能有重复的可能性，全世界所有人可以共享同一个账本。 以自托管钱包为例，钱包在本地生成一个随机数私钥 k（256-bit），再由私钥推导出 公钥 K = k·G（椭圆曲线运算），再由公钥派生出 地址（address，不同链规则不同：BTC 是 ...
1996-03-01 Warren Buffett.Helzberg
Refer To：《1996-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Helzberg's Diamond Shops Helzberg 钻石连锁店 A few years back, management consultants popularized a technique called "management by walking around" (MBWA). At Berkshire, we've ...
2010-05-26 Warren Buffett.Investment, Speculation, Gambling
Refer To：《2010-05-26 Warren Buffett.Investment, Speculation, Gambling》。 WARREN BUFFETT: It’s a question of being, it’s the ability to inject enormous amounts of leverage into a system where leverage is dangerous. And without people fully appreciating ...
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