Thinking cannot be outsourced. Investment is a marathon of life, and we must persist to the end. In section 1-1, of my book “The Rules of Super Growth Stocks Investing”, I pointed out 8 key points of a simple roadmap for stock investment for investors
Category: Charlie Munger
Invest success depends on less chance of making mistakes
Invest success depends on less chance of making mistakes, For the definition of risk, I think Buffett’s statement is the most appropriate: “the possibility of loss or injury.” (from: BRK Annual Meeting 1994) and “Risk comes from not knowing what you’re doing.”
The importance of circle of competence
Circle of competence. Since Buffett and Munger proposed that investors should pay attention to and limit their investment scope within their own ability circle (in fact, Peter Lin District has also mentioned similar views, interested readers can look at my blog for his book I wrote a brief introduction
The biggest risk to hold Chinese stocks, taking Alibaba and Tencent as examples
The biggest risk to hold Chinese stocks, taking Alibaba and Tencent as examples
Non-quantitative factors determine success or failure of an investment
Non-quantitative factors determine success or failure of an investment. People overemphasize the importance of science and numbers in investment, as I mentioned in the book “The Rules of Super Growth Stocks Investing”, section 1-1. Investment is a not a science but an art in the economic field under sociology, which is more related to humanities
Why concentrated investment?
Why concentrated investment?
Great companies are rare, two or three will make you very rich
Good companies are rare, two or three will make you very rich. Take Texas Instruments as an example
Reading is irreplaceable and necessity of for investors
The Irreplaceable and Necessity of Reading for Investors. Books are the ladder of human progress. We have seen biographies or stories of great or successful people since we were young, and books will almost certainly be part of it.
An investor success can be sustained or not? how to verify?
Whether a successful investor can be sustained? In Sections 1-5 of my book “The Rules of Super Growth Stocks Investing”, I listed 3 screen criteria to help investors select trustworthy and successful investors.
The past and present of value investing
The past and present of value investing. A few days ago I published “Why I prefer growth stocks instead of value stocks?” In the article, based on readers’ responses, I think I still have to clarify my views on value investing to readers.
