I received questions regularly about my investment portfolio. In particular, many people suggested that I should realize my capital gain. I write this article to explain why their questions are not relevant.
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Xi and the Chinese Farmer
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The governor: "Fine people sure. Loyal? I don't know."
Xi: "I will show you. Hey you! Come here! What do you do?" Farmer: "I'm a farmer."
Xi: Let me ask you, if you had two houses, would you give one to the government? Without hesitation the farmer says yes.
Xi turns to the governor with a smile. But he does not look convinced.
Xi asks the farmer: "if you had two cars, would you give one to the government?"
Immediate yes from the farmer.
The governor then asks if he may asks a question. Xi agrees.
Governor: "if you had two cows, would you give one to the government."
Farmer: "No. Never. Please don't ask me that." Xi is confused: "But you'd give a house and car, why not a cow?"
Farmer: "I actually have two cows."