Risk Management

The Answer: Charlie Munger regards "Staying within your circle of competence" as the highest wisdom. The profound reason lies in the fact that this is not merely an investment strategy, but a deep epi...

How Munger Avoids "Black Swans" Through Inversion: Building Antifragility, Not Predicting the Future Charlie Munger's core philosophy is not to predict "Black Swan" events (which, by definition, are u...

What is the core meaning of Charlie Munger's quote: "You don't have to be brilliant, just make fewer mistakes than others"? This quote distills the essence of Charlie Munger's lifelong wisdom on inves...

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 ...

Does Holding Bitcoin Change How You Think? Hey, I've been into Bitcoin for several years. I started out of curiosity, just dipping my toes in with a small purchase.

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...

Feasible Upgrade Paths To address the quantum computing threat, the Bitcoin community could consider the following upgrade paths: Adopt quantum-resistant signature algorithms: Hash-based signatures ...

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...

Bitcoin Security Budget Problem Analysis Problem Overview Bitcoin's block reward halves every four years (e.g., reduced to 3.125 BTC in 2024) and is expected to approach zero by 2140.

What is an SPV (Simplified Payment Verification) Node? An SPV (Simplified Payment Verification) node is a lightweight client implementation in the Bitcoin network, designed to allow users to verify tr...

How to Mitigate Competitive Risks from Counterfeit Matcha in the Market Counterfeit matcha products can damage brand reputation, trigger consumer trust crises, erode market share, and spark price wars...

How to Educate Patients Undergoing Radiotherapy on the Safe Use of Essential Oils I. Why Safe Use of Essential Oils is Important Radiotherapy may cause the skin to become sensitive, dry, or damaged, i...

Principles for Safe Use of Aromatherapy In palliative or hospice care, aromatherapy can enhance comfort by alleviating anxiety, pain, and nausea, but safety must be prioritized: Consult Healthcare Pr...

Essential Oils Safe for Use After Early Pregnancy During the second and third trimesters (from the 4th month of pregnancy until delivery), the following essential oils are generally considered relativ...

How to Safely Store and Handle Your Professional Essential Oil Inventory Storing Essential Oils Safe storage is crucial to prevent deterioration, leaks, and accidents.

Safety Precautions for Using Essential Oils During Radiation Therapy When using essential oils during radiation therapy, exercise extreme caution to avoid exacerbating side effects or interfering with...

Steps for Aromatherapists to Check Essential Oil-Drug Interactions Aromatherapists must systematically evaluate potential interactions between essential oils and medications to ensure client safety.

What Does "Dosage" Refer to in Aromatherapy? In aromatherapy, "dosage" refers to the concentration, frequency, and amount per use of essential oils.

How to Continuously Learn and Stay Updated on the Latest Research and Safety Information of Essential Oils Here are several effective methods to help you continuously learn and access the latest resea...

Safety Precautions Dilute Essential Oils: Always dilute essential oils before use; avoid direct skin contact (undiluted oils may cause irritation, allergies, or burns).