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腸から、ずっと健康なカラダづくりを! #腸内年齢チャレンジ# の結果は前回より＋9歳でした。仕事が忙しくて過酷だった割には体調とても良かったです！これからも続けたいな！腸活に目覚めさせてくれてありがとう！チャレンジの詳細はこちら⇒ #glico_PR#

腸から、ずっと健康なカラダづくりを！  ＃腸内年齢チャレンジ で、ビフィズス菌BifiXと食物繊維イヌリンを含む食品を毎日とってます。講座で聞いたアドバイス通り睡眠もちゃんと取ってます🎶気分も最高だよ😊これからもずーっと続けたい！＃glico_PR

腸から、ずっと健康なカラダづくりを！ #腸内年齢チャレンジ# のオンライン講座を聞きました！分かりやすくて簡単で私でも腸内年齢を変えられるかもと思えました🥺✨@BifiX_Glico で見れるよ♪ ビフィズス菌BifiXとイヌリンを含む食品飲む＆生活習慣改善するーっ！ #腸内年齢チャレンジ# ＃glico_PR

腸から、ずっと健康なカラダづくりを！#腸内年齢チャレンジ# になちゅ参加します😊🤲💩腸内年齢若返りたい😭腸内年齢検査では36歳と年齢通りでした。ビフィズス菌BifiXの摂取と生活習慣の改善で、腸を健康的に腸いい女になります！ぶっちゃけます！ #glico_PR#

8/5はパピコの日💝 暑くて毎日食べたくなっちゃうパピコ 今日はさっぱりホワイトサワー味を食べました✨ 分け合って食べられるのがとっても嬉しい😻 #パピコの日# #パピコ# #glico_PR#

Berkshire Hathaway underperformed the S&P 500 by more than 30-percentage points over the last year! Berkshire's only annual performance that was worse was in 1999 -- during the Internet mania. Today, though, Berkshire owns Apple and Google, unlike in 1999 when it didn't own any tech stocks. So, what else could explain the company's declining performance? More than a decade ago, researchers at AQR ran a series of regression studies across 30 years of Berkshire's public stock investments to discover which factors drove Buffett's outstanding investment results. They discovered -- to no one's surprise -- that Buffett buys ultra-high quality, large-cap, low-volatility stocks that are extremely cheap. But that's not all they discovered. They also disaggregated Buffett’s portfolio into two distinct sleeves and then ran the same the regression studies on each separately. The public sleeve is the portfolio of publicly traded stocks held inside Berkshire’s insurance subsidiaries — disclosed quarterly in SEC Form 13F filings. This is what most financial press coverage focuses on. The Coca-Cola, the American Express, the Apple, the Bank of America. Over the full sample it averaged about 35% of Berkshire’s total capital. The private sleeve is the portfolio of wholly-owned operating businesses — See’s Candies, Nebraska Furniture Mart, GEICO after the 1995 full acquisition, BNSF after 2010, Berkshire Hathaway Energy, Dairy Queen, NetJets, Precision Castparts, the whole roster of consolidated subsidiaries. Over the full sample the private portion grew from under 20% of Berkshire to more than 78% today. Berkshire was once an insurance company with an equity portfolio. Today it’s an insurance company owned by a conglomerate. And here's why that matters. The public sleeve — the portfolio of stocks Buffett bought fractionally and held — earned an average excess return of 12.0% per year at 16.2% volatility. Sharpe ratio: 0.74. The private sleeve — the portfolio of whole companies Buffett bought outright — earned an average excess return of 9.3% per year at 20.6% volatility. Sharpe ratio: 0.45. The publicly traded pieces of companies Buffett owned delivered materially better returns, especially when compared against the risk taken. The private sleeve’s Sharpe ratio of 0.45 is, remarkably, lower (worse) than the broad market’s 0.49 over the same period. In other words, when Buffett bought pieces of great public companies, he outperformed. When Buffett bought whole private companies, he did not. The private sleeve’s drag on Berkshire’s overall performance is meaningful. That drag was smaller in the early years, when the private portfolio was only 20% of the business. As the private sleeve has grown to 78% of Berkshire’s capital, the drag has grown proportionally. The declining Sharpe ratio of Berkshire over time — which every long-term shareholder has felt, even if they could not name it — comes primarily from the growing share of capital trapped inside whole-company acquisitions that underperform the public-market alternatives Buffett could have bought instead. Learn more about Warren's Mistakes and how to learn these lessons to improve your own investing in my new book.

#叙々苑カップ# ではグリコさん@GlicoPRJP からクエン酸&BCAAドリンクを貰ったの☺BCAAは毎朝飲むし大好きなドリンク💨とっても飲みやすくて美味しかったよ✨そして今日は25時から @AbemaTV #TheNIGHT# に出演します🤗夜更かしして観てね😤❤視聴▷ #ddtpro# #tjpw# #AbemaTV#

ポケモン ジュンサーさん コスプレ 衣装 ドレス コスプレイヤー：ぐりこ（@Glico_happy） 再入荷しました！在庫ありから、来週月曜日に発送できます！ 👉 #ポケモン# #ジュンサーさん# #コスプレ衣装# #nyacos#

📣再入荷のお知らせ 🖤ジャック・スケリントン コスプレ 黒白縞模様 ボディースーツ 【全サイズ在庫あり、来週月曜日に発送可能‼️】 ⏰時間限定：5,499円 コスプレイヤー：ぐりこ様（@Glico_happy） 詳細👉 手に入れるなら今がチャンス‼️ #ジャック・スケリントン# #コスプレ# #コスプレ衣装# #nyacos#

📣再入荷のお知らせ 💚ワンパンマン 地獄のフブキ 緑色 ワンピース 【全サイズ在庫あり、翌日発送可能‼️】 ⏰時間限定：3,499円 コスプレイヤー：ぐりこ様（@Glico_happy） 詳細👉 手に入れるなら今がチャンス‼️ #ワンパンマン# #地獄のフブキ# #コスプレ# #コスプレ衣装# #nyacos#