China Daily Online, November 25th-Filial piety is a simple word, but it naturally has a temperature. It is a person’s beautiful and gentle initial heart, and it is also the source of strength for thousands of children to repay their parenting. There are countless stories about filial piety worth sharing. Looking back on the past, "Zi Lu Fu Mi", "Lu Ji Huai Ju" and "Huangxiang Fan Pillow" … … These are all ancient children’s actions to interpret what is called "filial piety". Back to the present, there are still many filial sons and daughters in this society. Recently, the story of a filial daughter in Junlian, Yibin, Sichuan Province not only touched the hearts of Chinese people, but also attracted the attention of overseas media.

Cai Chengcheng taught his mother to read. Source: China Daily Author: Zhang Xinkai

　　Hong Kong’s South China Morning Post reported that this sensible little girl named Cai Chengcheng is ten years old this year. When she was six years old, her mother, Li Chen, had a sudden cerebral hemorrhage. After waking up from a coma, she lost her memory, and her intelligence was only equivalent to that of a child of several years old. Because Cai Chengcheng’s father has to run a small shop to pay his wife’s medical expenses, he goes out early and returns late every day. And my brother Cai Lingzhi has just entered high school, and the course is tight, so he can’t help his sister share the heavy responsibility of taking care of his mother. The heavy burden fell on Cai Chengcheng’s tender shoulders. Taking care of her mother, teaching her to read, write and speak, supervising her to take medicine, and assisting her to complete physical training for rehabilitation have become the "daily compulsory courses" for this little girl. She has become her mother’s intimate partner, literacy teacher and rehabilitation nurse … …

　　Although the burden of taking care of her mother is heavy, Cai Chengcheng has no complaints. "When I was a child, my mother taught me to read with a literacy card. Now I teach her. I combine the Chinese characters that I taught my mother with my favorite animals and foods to enhance my mother’s interest. " Cai Chengcheng used literacy cards and associative memory to help his mother deepen her memory. When she taught "Apple", she brought an apple to her mother to smell and recognize ‘ Rabbit ’ Word, let mother hold a rabbit. Cai Chengcheng said in an interview with the media.

　　The report pointed out that after four years, under the careful care of Cai Chengcheng, her mother has been able to help look after the shop and do simple work, and her body is gradually recovering. In these four years, although Cai Chengcheng spent a lot of energy to take care of her mother, she still got excellent grades and served as a student cadre in the school, which was deeply loved by everyone. Cai Chengcheng’s deeds of taking good care of her mother spread, and she won honors such as the third filial piety and virtue teenager in Yibin City, the good teenager in the new era in Sichuan Province, and the candidate of "Looking for the most beautiful filial piety teenager in 2018" by the Central Radio and Television General Station.

　　In addition to the South China Morning Post, Singapore’s Straits Times also reported Cai Chengcheng’s deeds, affirming her persistence in taking care of her amnesia mother for four years. Malaysia’s Star also reprinted the report of South China Morning Post, and actively conveyed Cai Chengcheng’s sincere and pure feelings of filial piety.

　　The story of this little girl also attracted the attention of Chinese and foreign netizens, and everyone cheered for her.

　　Some netizens often ask: "I work outside, and I often don’t have enough vegetables. What should I do if I don’t have enough nutrition?" I always feel uncomfortable if I don’t eat vegetables! Is there any food that can replace the nutrition of fresh vegetables? Can taking multivitamin pills replace eating vegetables? "

　　Indeed, many people go to barren hills or deserts, to foreign countries, to frontier areas and to poverty-stricken areas because of work needs, or for reasons such as teaching and helping the poor. These places often do not have enough fresh vegetables to supply. Even if there are vegetables, they are mostly radishes, cabbages and potatoes, especially leafy vegetables lacking dark green.

　　If it’s ten days and a half, that’s fine. Get over it first, and then make it up when you come back. However, if it is a few months, or even a year or two, the lack of vegetables will inevitably affect your health.

　　As we all know, adequate vegetables are very important for supplying vitamin C, folic acid, vitamin B2, vitamin K, potassium, calcium, magnesium, dietary fiber and various antioxidant substances.

　　Ideally, there should be vegetables in the meal, and 300 to 500 grams of vegetables are eaten every day, and this weight does not include the part thrown into the trash can, but the part that is directly imported.

　　In the case of really not eating enough, you can take the following seven remedial measures. Although it can’t completely solve the problem, it can at least reduce some damage to the nutritional balance and make the body get more comprehensive nutritional and health care ingredients.

　　Temporarily supplement multivitamins.

　　If the dose of vitamin supplements is not too large, close to the normal amount of reasonable dietary intake, taking supplements is harmless. All the worries about supplements are in the case of large quantities. The vitamin content of some products is ten times or even dozens of times the daily recommended value, which is not suitable for long-term use.

　　It must be recognized that although these nutrient supplements can prevent vitamin deficiency, they cannot replace all the health functions of vegetables, such as supplying potassium, calcium and magnesium, dietary fiber, antioxidants and other phytochemicals.

　　Prepare some dried vegetables.

　　You can buy some dried vegetables that can rise after soaking in water, take them to your work area, or order them online. Such as dried seaweed (Undaria pinnatifida, kelp, etc.), dried mushrooms, dried mushrooms, dried fungus, dried bamboo shoots, and evergreen (dried vegetables), as a supplement to the lack of vegetables.

　　Dried products are convenient to store and carry, and it is also convenient to cook dishes after soaking. For example, put some soaked fungus and mushrooms in cooking, add some soaked bamboo shoots and mushrooms in stew and chicken, and add some soaked Undaria pinnatifida in soup, all of which are quite delicious.

　　Although there are fewer vitamins after drying, at least a lot of minerals and dietary fiber can be supplemented. Minerals such as potassium, calcium and magnesium can still be preserved after drying. In particular, most dietary fiber can be preserved, which is very helpful to prevent constipation.

　　Substitute potato, sweet potato, yam and other potatoes.

　　Potato is a kind of food between vegetables and staple food. It contains starch, vitamin C, rich potassium, and some antioxidants, and its dietary fiber content is much higher than that of white rice and white flour.

　　If potatoes are used to replace part of white rice and steamed bread, more vitamin C, B vitamins, potassium and dietary fiber can be obtained on the premise of the same total carbohydrate.

　　For people who need to lose weight, we must pay attention to the fact that when eating potatoes, we should not put oil and salt. Instead, we should put them in a rice cooker and steam them with rice, and reduce the amount of white rice and flour while eating potatoes.

　　For people who need to gain weight, adding some potato foods such as potatoes and yam to their daily staple food, such as stewing potatoes into vegetables, is just conducive to gaining weight.

　　Increase the number of daily vegetables

　　In some remote areas, although there are no fresh green leafy vegetables, there are still some storable vegetables such as Chinese cabbage, radish, onion and carrot.

　　Although Chinese cabbage is not as nutritious as green leafy vegetables, it still contains a certain amount of vitamin C, dietary fiber and minerals.

　　As long as you increase your food intake and eat more Chinese cabbage, you can get more nutrients and partially make up for the loss of insufficient varieties. This is the so-called "quantity compensation for insufficient quality". Carrot itself is a good thing. Eating some often can at least prevent vitamin A deficiency.

　　Send bean sprouts and bean sprouts to increase green leafy vegetables.

　　You can use soybeans, black beans, peas, etc. to soak them and eat them yourself to increase the variety of vegetables. Bud sprouts can spread green leaves as long as they see light, which belongs to green leafy vegetables. Common sprout vegetables include radish seedlings, buckwheat seedlings and peanut seedlings. The sprouts taste good and can be fried. Radish seedlings and buckwheat seedlings can also be eaten raw and cold directly.

　　Even if there are only wheat and barley seeds, they can be made into wheat seedlings, then cut off and beaten into juice with their own beater. This is the best "green juice".

　　It would be better if you could bring some seeds of green leafy vegetables such as Chinese cabbage and rape. You can get fresh vegetables by growing your own vegetables.

　　Order canned vegetables online

　　At present, there are many canned vegetables, such as canned tomatoes, canned green beans, canned mushrooms, canned asparagus, canned pickles, canned corn shoots, canned/bagged ketchup, etc., and the price of ordering in boxes is not high.

　　Although canned food loses some vitamin C, it is not zero, and there is no loss of dietary fiber and potassium. It is convenient for storage and transportation, so direct order is enough. Take it out every day and eat a little at every meal, which still plays a big role in supplying nutrition.

　　With all kinds of flower and fruit tea materials that can be soaked in water.

　　Prepare your favorite tea, coffee, dried rose, dried chrysanthemum, dried roselle, dried lemon, etc., and make a drink with hot water. Although the quantity is limited, it can increase the supply of potassium, vitamin C, organic acids and some antioxidant substances.

　　The so-called methods are always more difficult. As long as these methods are used in combination, we can overcome the difficulty of insufficient vegetables, and make our diet life much richer and healthier.

　　Text/Fan Zhihong (Director of China Nutrition Society)

　　Tomorrow, our mobile phone will be screened by Buffett again!

　　At 22:15 Beijing time on May 4th, the annual shareholders’ meeting of Berkshire Hathaway will be held in Omaha, USA. It is estimated that about 30,000 shareholders will attend, and millions of people will watch it online. The most noteworthy issues of this shareholders’ meeting include:

　　Who is Buffett’s successor? — — Bashen is 88 years old and Munger is 95 years old.

　　What about Berkshire’s more than $110 billion in cash? — — Look at the company’s share price of $320,000. Do you still think Maotai is expensive?

　　The repurchase scale will be as high as $100 billion? — — There are not many good companies worth buying, so I have to buy myself.

　　However, for A-share investors, they may be more concerned about this question: What does Buffett think of the China market? Which stocks of A shares meet its stock selection criteria?

　　Which A shares can enter the eyes of the law?

　　There are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

　　The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

　　ROE is a measure of a company’s long-term profitability. The higher the ROE, the higher the net profit it earns with the same shareholder capital investment. According to Coca-Cola’s standard, that is, keeping the ROE above 20% for 10 consecutive years, it is the company that Buffett may like.

　　So, which companies in A shares meet Buffett’s standards?

　　Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

　　The average share price increase of these five listed companies in the past 10 years is 690.49%, and the annualized rate of return is 22.97%. The biggest increase is Kweichow Moutai, which rose 12 times in 10 years, followed by Gree Electric, which rose more than 11 times in 10 years.

　　If we relax the ROE standard to 15%, that is, we will keep the ROE above 15% for 10 consecutive years. So, how many companies in A shares meet this standard?

　　Wind data shows that in the 10 years from 2009 to 2019, there were 14 listed companies with ROE (deduction/dilution) exceeding 15% continuously, namely Shuanghui Development, Kweichow Moutai, Haitian Weiye, Hikvision, Gree Electric, Huadong Medicine, Yanghe, Chengde Lulu, Hengrui Pharma, Chongda Technology, dongfeng shares, Fuyao Glass and so on.

　　The average share price increase of these 14 listed companies in the past 10 years is 551.72%, and the annualized rate of return is 20.62%. Among them, Hengrui Pharma, Kweichow Moutai and Gree Electric rose more than 10 times, while Huadong Medicine, Hikvision and Golden Mantis rose more than 5 times.

　　Is Bashen’s strategy unacceptable?

　　In the past 10 years, what is the investment income of Warren Buffett?

　　According to media calculations, if an investor bought a dollar of Berkshire stock 10 years ago, the return today is about $2.4, but if this dollar is invested in the Standard & Poor’s 500 Index Fund, the return today is about $3.2. In other words, in the past 10 years, the income from investing in Berkshire has not been as high as that from investing in the S&P 500 index fund.

　　In 2018, the worst performance of global financial assets in the past 100 years, the "stock god" seems to be unhappy. Suffering from various "thunder" such as Apple’s performance falling short of expectations and Kraft Heinz’s performance changing face, Berkshire lost more than $25 billion in the fourth quarter of 2018, but still earned more than $4 billion in the whole year.

　　But in A-share market, Buffett’s stock picking strategy still seems feasible.

　　In the past decade, 108 A-share stocks have increased more than 5 times, and 29 have increased more than 10 times. The median ROE of these 29 stocks is 14.88%. During this period, the Shanghai Composite Index rose by 24.72%, the Shanghai and Shenzhen 300 Index rose by 50.2%, the CSI 500 Index rose by 74.59%, and the Shenzhen dividend index rose by 132.51%.

　　Obviously, those companies with long-term earning ability and dividend-paying ability can surpass the market if they buy at a reasonable price. However, it should be pointed out that value investment is by no means equal to an ROE index, and the stocks selected according to it are not necessarily suitable investment targets, but only help us find out those good companies more easily.

　　The above data illustrates two problems:

　　First, as Buffett said: "By investing in index funds regularly, an investor who knows nothing can usually beat most professional fund managers." Buffett has recommended index funds for more than ten times.

　　In Buffett’s view, the vast majority of investors rarely invest in index funds, and as a result, their performance in investing in stocks is mostly just mediocre, or even disastrous. There are three main reasons for the loss of investment stocks:

　　1. The cost is too high, investors buy and sell too frequently, or the expenses are too large;

　　2. Investment decisions are made according to gossip or market trends, rather than after careful consideration and quantitative analysis of listed companies;

　　3, blindly chasing up and down, buying or selling at the wrong time.

　　Second, practice has proved that the companies with the strongest earning power in A-shares can bring rich long-term returns to investors.

　　The overall growth level of A-share listed companies is better than the average level of social enterprises. The long-term stock price trend charts of leading enterprises such as Gree Electric, Vanke A, China Merchants Bank, China Ping An and Fuyao Glass are all consistent with the development path of enterprises.

　　The method of value investment has not failed in A-shares. In fact, A-shares will create a good opportunity for value investors to pick up bargains every few years, making it easier for investors to meet good prices. Numerous masters have emphasized that all investment is to find a good industry, a good company and a good price.

　　Finally, Buffett has bought two China stocks so far — — China Petroleum and BYD.

　　In 2003, Buffett bought H shares of China Petroleum at a price of HK$ 1.6, and cleared the position when the share price reached HK$ 13.5 in 2007, with a four-year income of more than 7 times (the reinstatement factor has been considered, the same below). When Buffett bought it, the P/E ratio of China Petroleum was only 5 times, while when China Petroleum was listed on A-share in 2007, the P/E ratio of 48 yuan’s opening price was as high as 63 times.

　　In 2008, Buffett subscribed for 225 million shares of BYD at a price of about HK$ 8 per share. At present, Buffett still holds shares in BYD, and its latest share price is HK$ 53.55, and its income has exceeded five times. When Buffett bought BYD shares, the corresponding P/E ratio was only 10.2 times. At present, its latest P/E ratio is 39.29 times.

　　China securities journal Song Zhaoqing