Value Investing

How Does Charlie Munger Respond to Market Panic and Collective Emotion? Charlie Munger views market panic and collective irrationality as opportunities, not disasters.

Charlie Munger's Views on "Intrinsic Value" and His Preferred Approach Charlie Munger is a staunch advocate of value investing and fully agrees that "intrinsic value" is the cornerstone of investment ...

Charlie Munger's Core Reason for Opposing the Overuse of "Models": The Complexity of the Real World Far Exceeds Any Single Formula Charlie Munger himself is the most famous advocate of "mental models,...

Charlie Munger's Approach to Reading: Types and Value Charlie Munger is hailed as a "walking encyclopedia," attributing much of his success to lifelong reading.

Charlie Munger's approach to evaluating a company for long-term holding centers on the core principle of "buying a wonderful company at a fair price.

Definition of "Economic Moat" by Munger and Buffett: Core Alignment with Nuances in Expression and Emphasis Overall, Charlie Munger and Warren Buffett share the same core essence in their definition o...

Charlie Munger vs. Benjamin Graham's "Value Investing": From "Cigar Butts" to "Buying Castles" Charlie Munger's definition of "value investing" represents a profound evolution from the foundation laid...

Why Does Munger Emphasize That "Avoiding Stupidity Is More Important Than Pursuing Brilliance"? Charlie Munger's emphasis on "avoiding stupidity is more important than pursuing brilliance" is not a me...

Certainly, this isn't complicated. Let's break it down thoroughly. First, don't get intimidated by the term "First Principles." Just understand it as: getting to the root of things, constantly asking ...

Okay, let's talk about this topic. If you've listened to Naval Ravikant's podcasts or read his quotes, you'll find he's someone who enjoys cutting through complexity and getting straight to the essenc...

Answer: My friend, you've asked a particularly core question regarding The Intelligent Investor. This book holds significant weight in my heart, and reading it at different stages yields completely di...

Haha, talking about The Intelligent Investor—this truly is the "bible" of the investment world. It's not a manual promising to tell you which stock will make you rich tomorrow; it’s a foundational phi...

Hey, that's a great question and truly fascinating. It's like asking, "If Li Bai were alive today, would he write poems with a keyboard or use voice input?" We can only make a reasonable deduction bas...

Friend, you've hit the nail on the head with this question – it's a topic many value investors constantly ponder and debate. My view is this: The "soul" of Benjamin Graham's investment philosophy is t...

Great question! This is a classic dilemma that almost everyone encounters when learning about value investing. Having played the investment game for many years, I've pondered this deeply myself.

Okay, let's talk about Buffett and his teacher, Graham. If Buffett is the "Oracle of Omaha" in the investment world, then Benjamin Graham is the teacher of the "oracle.

Okay, the question gets to the heart of value investing. Benjamin Graham objected to investing based on market predictions—this is almost the cornerstone of his entire investment philosophy.

Alright, let's talk about this topic. In Graham's world of investing, convertible bonds are like a Swiss Army knife in his toolkit—extremely ingenious.

Hello, it's great to chat with you about Graham. You see, many people immediately think of his "value investing" theory for stocks when Graham is mentioned.

Answer: Okay, regarding Graham's cautious stance on "growth stocks," I'll share my understanding to help clarify things. Why Was Graham So Wary of "Growth Stocks"? Think of going to a fruit market to...