There is a 60% chance of stock investing success in the long run
Category: Charlie Munger
Munger’s most important work “Poor Charlie’s Almanack”
“Poor Charlie’s Almanack” is a must-read book if you want to understand Munger’s life “thoughts”. The focus is not on investment, but on Munger’s philosophy of life. The content is very rich. I would like to remind everyone that this book is actually very difficult to read and is not suitable for everyone to read.
People who are good at deferred gratification is more likely to succeed
More freedom is worth for who are deferred gratification, self-control cannot be achieved simply by persisting or saying “no”, but by changing our way of thinking, and this thinking mode is “deferred gratification”
How does BYD make money? Why it beat Tesla? Sweeping the global EV market
Due to geopolitical risks and the United States’ anti-China policy and decoupling from China in various fields, BYD may become another target of embargo, retaliation, or containment by the United States after Huawei.
How big a factor does luck play in investment success?
Luck does play an important role in success, but it is definitely not the most critical or important “determining” factor – this is the reason for whether a person can be successful in life.
Duan Yongping’s investment empire and his BBK Group(Oppo, Vivo, One Plus, J&T Express, Realme）
Almost no Taiwanese have heard of Duan Yongping, but it is not an exaggeration to say that he is a household name in Chinese circles outside Taiwan, especially in the business and investment circles.
Is Buffett no longer hold for long haul? TSMC, HP, and US Bancorp cases study
Regarding stock hold for long haul, Buffett has clarified that he has not promised to hold any holdings permanently.
The power of compound interest
In the 2019 shareholder letter, Buffett spent a considerable amount of time talking about the most important element of investment success “the power of compound interest”
Why would Buffett oppose to EBITDA and financial forecasts?
In Buffett’s 2020 shareholder letter, he mentioned several common but unreasonable accounting techniques used by CEOs of US-listed companies in their financial statements: especially EBITDA and financial forecasts.
2023 Berkshire shareholders meeting transcript and video
2023 Berkshire Shareholders Meeting Full Record, Chinese and English Text, and Video
