關於 u.s. financial industry ，我們在網路上蒐集到這些相關的討論、資訊與評價

你是不是也好奇美台經濟關係未來幾年的可能走向？AIT 經濟組副組長邵藹帝 (Arati Shroff) 日前接受了《台灣銀行家雜誌》的專訪，並在專訪中討論到美台經濟關係的樂觀展望。邵副組長特別提到，強健的美台夥伴關係能鞏固全球供應鏈的韌性，以及台灣金融業在基礎建設升級中所扮演的重要角色，而這重要角色能讓美國、台灣及我們的夥伴和盟友都受益良多。在此閱讀讀專訪全文並歡迎與我們分享你對此重要議題的看法：https://bit.ly/3CmVwuH

Are you wondering about the future trajectory of U.S.-Taiwan economic relations? Check out the Taiwan Banker magazine’s interview with AIT Economic Section Deputy Chief Arati Shroff here to learn more about positive developments in U.S.-Taiwan economic ties. In the interview, Ms. Shroff highlights the strength of the U.S. - Taiwan partnership to ensure global supply chain resiliency, as well as the key role of Taiwan's financial industry to upgrade infrastructure, which will benefit the United States, Taiwan, and our partners and allies. Read the full article here: https://bit.ly/3ip308E and share your views with us on this important topic.

去年的崩盤與融斷, 感覺就像才發生過一樣, 沒想到已經一年了. 時間真的過的很快. 希望大家一切都好.

🌻本周做的功課與閱讀
https://makingsenseofusastocks.blogspot.com/2021/03/blog-post_17.html

🌻Docusign (DOCU), Crowdstrike (CRWD)財報結果

當初研究這兩家公司, 是把公司的年報看過一遍, 再把公司上市後所發表的財報結果全部看了一遍(doubt if I will do this again). 這樣的舖天蓋地有好有壞: 壞處當然就是很花時間, 但好處就是徹頭徹尾研究過一遍後, 之後就只要看看財報結果就好了, 也比較知道高層的想法. 而每季財報看下來, 其實會發現很多資訊都是重複的. 以後可能慢慢變成用聽的就好了.

(P.S. 大公司(道瓊股這些)其實不太需要做甚麼研究. 時間跟精力比較值得放在陌生or較小型的公司.)

而研究CRWD的時候, 其實也挺怕, 畢竟資安股不是我熟悉的領域. 但有感於資安越來越重要, 所以覺得一定要有突破. 當時也換了一種分析方式來做研究(不專注在科技上, 而是專注在商業模式, 管理層, 還有競爭環境上), 算是實驗性質. 也有懂資安的股友協助. 結果還算令人滿意.

Anyway. 這兩家公司的護城河都算是起來了, 未來應該不會有甚麼大問題出現. 只是目前正值類股輪動時期, 大家就有耐心點. 供參.

如果會擔心公司股價漲不回來, 可以去注意公司的現金流狀態, 或是換到價值股。供參。
https://news.cnyes.com/news/id/461235

DOCU官方財報結果新聞稿:
https://investor.docusign.com/investors/press-releases/press-release-details/2021/DocuSign-Announces-Fourth-Quarter-and-Fiscal-Year-2021-Financial-Results/default.aspx

CRWD官方財報結果新聞稿:
https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2021

🌻了解"文化", 在研究消費性產品, 是很重要的一環. 這也是各地(亞洲, 或是美國)的投資人, 有在那邊的地利之便, 各有其優勢所在.

下面兩段文章, 分別是投資經理人, 對於韓國電商Coupang(CPNG)以及拉丁美洲電商MercadoLibre(MELI), 在當地文化上所做的質化分析:

#CPNG
There’s a pattern here: Homegrown startups in the world’s hottest industry are beating the pants off global giant Amazon.com (AMZN) and Chinese heavyweight Alibaba Group Holding (BABA). Cultural knowledge is prevailing over scale, and Coupang (CPNG) offers some lessons on why. Its next-level delivery network—order before midnight, get it early the next morning—is adapted for a nation of dense population and small refrigerators. “Customers get hooked on ordering a carton of milk or tube of toothpaste,” says Yoojeong Oh, investment director for Korea at Aberdeen Standard Investments.

#MELI
Mercado has distinct advantages over comparable e-commerce players. First, e-commerce penetration in Latin America is a fraction of that in the U.S., roughly around 3%, Gautrey says. Mercado also has built out its warehouse, trucking, and delivery infrastructure—much like Amazon.com (AMZN), but with one key distinction. “Particularly when you go into emerging markets, relying on the nationalized postal infrastructure can mean a delivery takes several days to arrive,” Gautrey says. “Building out your own logistics infrastructure can dramatically improve the consumer experience. And then having that infrastructure also acts as a barrier to entry for [competitors].” The stock is up 178% in the past year, yet Gautrey thinks the market continues to underestimate its potential.

Source: Barron's

圖片: Happy St. Patrick's Day. 美國一年一度的聖派屈克節, 在今天(美國03/17); Barron's去年本周的封面.

圖片來源:
https://www.zazzle.com/happy_st_patricks_day_talking_cat_in_face_mask_holiday_card-256515595609283035?rf

恭喜林蔚君 榮獲 INFORMS 2020 George E. Kimball Medal!
Congratulations to Prof. Grace Lin for getting the prestigious INFORMS 2020 George E. Kimball Medal!
https://www.youtube.com/watch?v=dZQ2PSbiuxQ
「運籌與管理科學學會頒發了2020年喬治·E·金博爾獎章給Grace Lin，以表彰並衷心感謝其對INFORMS以及運籌學，管理科學和分析專業的傑出貢獻。」
「For exemplary and distinguished service to INFORMS and the profession of operations research, management science, and analytics, the Institute for Operations Research and Management Sciences expresses its sincere appreciation to Grace Lin by awarding her the 2020 George E. Kimball Medal.」
Award Citation:
"Grace Lin is vice president, director of the Big Data Research Center, and chair professor in the Department of Business Administration at Asia University in Taichung, Taiwan since 2016. She recently founded the United Financial Intelligence Corp. (UFI) to support digital transformation and care quality improvement of aging care organizations. From 2011 to 2016, Dr. Lin was the founder and VP of the Data Analytics Technology and Applications (DATA) Institute and VP for the Advanced Research Institute (ARI) at the Institute for Information Industry (III). At III, she initiated key industry-government R&D programs including Smart Living and Smart Commerce Strategy Plan, Big Data Analytics, Smart Healthcare, Smart Tourism, FinTech, and Smart Agriculture. Previously, Dr. Lin worked for IBM US for more than 16 years as the Global Sense-and-Respond Value-Net Leader and CTO & director for Innovation and Emerging Solutions at IBM Global Business Services, and as a research staff member, manager, and senior manager at the IBM T.J. Watson Research Center. She was an elected member of the IBM Academy of Technology, an IBM Distinguished Engineer, and Relationship Manager for IBM's Integrated Supply Chain.
Her background and experience have positioned Dr. Lin at the intersection of technology, innovation, business consulting, and management as well as the intersection of academia and industry. Referred to by Forrester as one of the six supply chain gurus, Dr. Lin has published more than 80 technical papers, book chapters, and articles, and co-authored 10 U.S. patents and nine Taiwan patents. In 2006, she was named an INFORMS Fellow.
Dr. Lin's service to INFORMS and the profession has been substantial. She has been twice elected INFORMS VP Practice and VP International Activities, she has chaired the INFORMS Fellow Selection Committee and several INFORMS and IEEE conferences. Additionally, she has been active in the Edelman Award Competition, having served multiple years as judge and as a member of the selection committee. Active in WORMS, she has been a strong supporter of women in O.R. Passionate about bridging the gap between academia and industry, she has served on a number of university advisory boards. She has also served on National Science Foundation panels in the U.S., Canada, and Ireland, and editorial boards including Manufacturing & Service Operations Management (M&SOM), Operations Research, INFORMS Journal on Applied Analytics, and Service Science. She is a frequent keynote speaker at global conferences and industry events.
Dr Lin's awards include the INFORMS Franz Edelman Award, IBM Outstanding Technical Achievement Award, IBM Corporate Logistics Award, IBM Research Division Award, IIE Doctoral Dissertation Award, the Purdue Outstanding Industrial Engineer Award, and the Distinguished Alumni Award from the School of Science, National Tsing Hua University, Hsin-Chu, Taiwan.
For exemplary and distinguished service to INFORMS and the profession of operations research, management science, and analytics, the Institute for Operations Research and the Management Sciences expresses its sincere appreciation to Grace Lin by awarding her the 2020 George E. Kimball Medal."