Value Investing

Charlie Munger's criteria for evaluating fund managers are exceptionally rigorous. He seeks not merely investors with outstanding performance, but a "thought partner" who is intellectually mature, pos...

Hey, talking about Charlie Munger's philanthropy, it's actually quite fascinating. Like his investing, it's full of his personal style. He doesn't set up a global foundation like Bill Gates.

Ha, you’ve hit the nail on the head. Before encountering Graham's ideas, like most people, I thought "risk" was something rather vague. But after studying his philosophy, especially after digesting Th...

Hey, talking about Graham's stock selection advice for us regular folks (which he termed "defensive investors"), this is a classic topic. The core idea from the old master is "safety first"—don't muck...

Here's the English translation of the provided content, maintaining the Markdown format: Good, let's discuss how Benjamin Graham, the "father of value investing," viewed investment versus speculation.

Valuation Changes and Current Value Analysis of Buffett's Investment in Japan's Five Major Trading Houses Background Warren Buffett's Berkshire Hathaway announced its investment in Japan's five major ...

What is "Inversion"? How Does Charlie Munger Apply This Principle to Investing? Inversion, also known as "reverse thinking," is one of the core mental models most highly regarded and frequently used b...

Warren Buffett's View on Conglomerate Valuation Discounts Yes, Warren Buffett believes that the valuation discounts typically applied to conglomerates (such as Japan’s five major trading houses) are e...

The Essential Difference Between Warren Buffett's "Owner Earnings" and EBITDA Warren Buffett emphasizes "Owner Earnings" as a metric for evaluating a company's true profitability in value investing, w...

How Does Warren Buffett Handle Regret Over Missed Investment Opportunities (Such as Google)? Warren Buffett, a leading figure in value investing, has frequently discussed the regret stemming from miss...

Charlie Munger's Strategies During Stock Market Crashes: Lessons for Ordinary Investors Hey there! I'm a seasoned investor who deeply admires Charlie Munger.

Hey, you asked about Charlie Munger's decision to invest in Alibaba. It's quite interesting. I'm no expert, but as a veteran investor, I've followed Munger and Buffett's thinking for years.

"Improving Asset Quality Nonlinearly" — How Did Charlie Munger Do It at Berkshire? Hey there! I'm an investing enthusiast who loves digging into Buffett and Munger's books and shareholder letters.

Charlie Munger's Views on Cash and Investing Hey there! I've spent years in the investment world and have a special interest in studying the philosophies of Munger and Buffett.

Charlie Munger's Core Methodology for Assessing the "Price vs. Value" Gap Charlie Munger's approach to assessing the gap between price and value does not rely on a single mathematical formula or finan...

How Charlie Munger Uses "Opportunity Cost" in Investment Decisions: A Core Mental Filter Charlie Munger regards "opportunity cost" as the most fundamental and central principle in investment decision-...

Why Does Charlie Munger Advocate "Concentrated Investing"? Isn't This Strategy Riskier? Charlie Munger advocates "concentrated investing" because he believes that for a capable investor, concentrated ...

Actually, Warren Buffett's investment theory hasn't become outdated; on the contrary, many people are still learning from it. His core principles are just a few: buying stocks means buying companies, ...

Here is the translation: Ha, talking about Graham’s "bible," there’s always so much to say. In my view, the enduring charm and vitality of The Intelligent Investor, spanning nearly a century from ciga...

Okay, let's discuss this classic topic. Graham vs. Market Efficiency Theory: A Classic Showdown Simply put, Benjamin Graham did not believe at all that the market was perfectly efficient.