Economy & Business

Charlie Munger on "Luck" and "Opportunity": The Art of Preparation, Patience, and Decisiveness Charlie Munger holds a profound and pragmatic view on the role of "Luck" and "Opportunity" in success.

Here is the translation: Charlie Munger: Liberal Arts Education as the Cornerstone of Building an Exceptional Investor Mindset Charlie Munger believes that a Liberal Arts Education is crucial, even in...

How Does Charlie Munger Determine if an Industry Has Structural Advantages? Charlie Munger assesses whether an industry or company possesses structural advantages (his famous "economic moat" theory) n...

The Boundaries of Charlie Munger's "Circle of Competence" Theory Charlie Munger's "Circle of Competence" theory is a cornerstone of his investment philosophy.

Charlie Munger's Core Critique of "Diversification" Charlie Munger holds a profound and unique critical stance towards the "diversification" investment strategy, often considered sacrosanct in traditi...

Charlie Munger on the Most Common Barriers to Rational Thinking: The Psychology of Human Misjudgment Charlie Munger believes that the human brain is inherently prone to systematic cognitive defects, w...

The reason Charlie Munger places such paramount emphasis on "nonlinear" thinking within his latticework of mental models is his profound recognition that the real world (whether in business, markets, ...

Charlie Munger's "Great Business" Investment Model Charlie Munger's "Great Business" investment model represents a significant evolution beyond Benjamin Graham's traditional value investing approach (...

Charlie Munger's critique of "experts" is not a wholesale rejection of specialized knowledge, but he harbors deep skepticism toward those who wield authority in narrow domains and use it to guide deci...

The core reason behind Charlie Munger's strong opposition to mechanical low price-to-earnings (P/E) ratio investment strategies lies in the evolution of his investment philosophy and his profound insi...

Charlie Munger's Critique and Transcendence of "Ivory Tower" Thinking Charlie Munger holds a sharp and profound critique of "ivory tower" academic thinking.

Charlie Munger on "Wisdom" and How to Acquire It Charlie Munger’s definition of "wisdom" is not abstract philosophical speculation but an intensely practical ability that can be applied in the real wo...

Bitcoin's Ultimate Contribution to Human Civilization: My Perspective Hey, I've been involved with Bitcoin for years, tracking it since 2013 when it was still a niche thing.

This is a crucial question because it forces us to contemplate Bitcoin's most vulnerable "Achilles' heel." If Bitcoin ultimately fails, the most likely cause won't be a single dramatic event, but a vi...

This is an excellent question because it demands that we move beyond superficial debates and confront challenges that truly strike at the foundations of Bitcoin.

This is a profoundly grand and imagination-capturing question. If Bitcoin not only exists but is widely used 100 years from now, it would signify its successful evolution from a niche speculative asse...

Revelations from Bitcoin's Historical Vulnerabilities on the Evolution of Security Models Studying major vulnerabilities in Bitcoin's history (such as the value overflow incident) reveals the evolutio...

Impact on Market and Community Confidence If approximately 1 million bitcoins believed to belong to Satoshi Nakamoto ("Satoshi's Treasure") were moved, it would deliver a significant shock to the cryp...

The Trojan Horse Perspective: Paving Bitcoin's Entry into Mainstream Finance The launch of Bitcoin ETFs, ostensibly a compliant investment vehicle, functions like a "Trojan Horse" to open mainstream f...

The Impact of Central Banks Losing Control of Monetary Policy In a world where Bitcoin is widely adopted, central banks cannot intervene in the economy through traditional tools (such as adjusting int...