Economics

Charlie Munger on "Incentive-Caused Bias" and Its Harm to Corporate Decision-Making Charlie Munger regarded "Incentive-Caused Bias" as one of the most powerful and dangerous cognitive biases humans po...

Many people think that if the government is short of money, it's simple: just print more! But in reality, it's not that straightforward, just like a household that's short on cash can't simply print i...

好的，没问题。咱们用大白话聊聊这三家全球最重要的“央妈”——美联储、欧洲央行和日本央行，看看它们在管钱这事上，到底有什么一样和不一样的地方。 I. Similarities: Common Goals and Basic Tools You can imagine these three central banks as three experienced doctors, and their ...

Sure, no problem. Thomas Friedman's book The World Is Flat is very famous, but many people might remember only its optimistic conclusion—that "the world is flat"—while overlooking his deep concerns ab...

Okay, let's dive into this fascinating topic. Is a risk-taking investor like Masayoshi Son of SoftBank the norm or an exception in Japan? In one sentence: Son is absolutely an exception, and an extre...

Let's put it this way, you can think of gold as a "chicken that doesn't lay eggs." Under normal circumstances, if banks offer high interest rates, say 5%, then you deposit your money in the bank and e...

Let's put it this way: Hibiki 30-year-old whisky is less a whisky and more a "work of art in time" or a "liquid antique." Scarcity is ingrained in its very essence.

Of course, and understanding the "herd mentality" and financial crises from an ethological perspective will be much more intuitive than looking at a bunch of complex economic charts.

Let me put it this way: you can imagine the entire economy as a human body, and the banking system is its "cardiovascular system," responsible for delivering money (the "blood") to all the places that...

Certainly, that's an excellent question. In short, the answer is: Yes, panic is not only a part of financial crises but also their catalyst and amplifier.

Okay, no problem. Let's talk about the Federal Reserve's other "tools" besides raising and lowering interest rates. When it comes to the Federal Reserve's monetary policy, most people's first reaction...

Okay, no problem. As someone who has long followed and understood New Zealand, I'll give you a rundown of its current economic situation and future outlook, hoping to make it clear and easy to underst...

Okay, this is an interesting question. The Jackson Hole conference is definitely not just a fishing getaway for global central bankers. It’s more like a "window" for observing the direction of global ...

Regarding criticism and controversy surrounding the Jackson Hole symposium – you're absolutely right on the money with that question. This annual event grabs global attention, but it also comes with p...

Okay friend, let's talk about this seemingly high-brow "Jackson Hole Symposium" in plain language and see what it actually has to do with our wallets.

Okay, let's discuss this issue in plain terms. This Year's Jackson Hole: A Precarious Walk on the Tightrope Between "Taming Inflation" and "Preventing Recession" Regarding this year's Jackson Hole me...

Sure, no problem! Let's break this down in a conversational way so it's easy to understand. The Jackson Hole Conference: From an Anglers' Get-Together to a Bellwether for the Global Economy Hey there...

This is an excellent question, and a common one that arises when reading Naval. Simply put, I don't believe Naval's perspective on wealth completely ignores societal inequality, but it does place its ...

Here is the translation: No problem, this is a fascinating topic. Benjamin Graham is essentially the father of value investing. What's remarkable is that decades before the term "behavioral finance" b...

Okay, let's dive into this topic. The answer is simple, yet its implications are profound: Yes, undoubtedly, technology and supply chain "decoupling" is creating new, and increasingly higher, barriers...