Charlie Munger

How Does Charlie Munger Use Institutional Design to Overcome Psychological Biases? Charlie Munger deeply understands human irrationality. He believes that merely recognizing the existence of psycholog...

The reason Charlie Munger vehemently opposed the "Quarterly Earnings Culture" is that he believed this culture fundamentally distorts the essence of business operation and investment, shifting the foc...

Charlie Munger deeply understood that humans are highly susceptible to various cognitive biases in decision-making, and these "human frailties" are the primary root causes of investment and business f...

How Would Charlie Munger Answer: "Can You Hold a Terrible Company Long-Term?" Charlie Munger's answer to this question would be an emphatic, unequivocal "No.

Does Munger Believe Education Can Fully Overcome Cognitive Biases? Core Answer: No. Charlie Munger does not believe education can completely overcome cognitive biases.

How Overconfidence Destroys an Investor? Charlie Munger's Answer Charlie Munger believes that Overconfidence Tendency is one of the primary psychological biases leading to major misjudgments in humans...

Charlie Munger on Confirmation Bias: The Number One Villain That Must Be Destroyed in Investing Charlie Munger views "Confirmation Bias" as one of the most destructive tendencies in human thinking, pa...

How Does "Loss Aversion" Psychology Affect Investment Decisions? What Are Charlie Munger's Insights? I. What is "Loss Aversion"? Loss Aversion is a core concept in behavioral economics, proposed by p...

Charlie Munger's "Commitment and Consistency Bias": Why Do We Stick to Mistakes? Charlie Munger, in his famous talk on "The Psychology of Human Misjudgment," identified Commitment and Consistency Bias...

Here is the translation of the provided content: Charlie Munger's investment practice is a textbook embodiment of the principle of compound capital growth.

How Does Charlie Munger Apply Game Theory Thinking in His Investment Process? Charlie Munger doesn't frequently or formulaically invoke the term "game theory" like an academic might, yet the underlyin...

Does Munger Regard Companies with High ROIC as Core Investment Targets? The Answer is: Absolutely. For Charlie Munger, seeking out and investing in companies with consistently high returns on invested...

Charlie Munger advocates against making overly detailed predictions about the future. This philosophy is rooted in his profound realism, a clear recognition of the limitations of human cognition, and ...

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...

Charlie Munger's View on "Financial Engineering": Profound Scorn and Vigilance Charlie Munger holds an extremely negative and critical view of "Financial Engineering.

What is Charlie Munger's stance on the balance between utilitarianism and moral rationality? Charlie Munger is not a strict philosophical theorist but rather a pragmatic sage.

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...

How Does Charlie Munger View the Idea That "Human Flaws Are Systemic Issues"? Charlie Munger not only fully agrees with the idea that "human flaws are systemic issues," he even considers this perspect...

Charlie Munger's View on Stock Buybacks: A Rational Capital Allocation Tool Charlie Munger’s perspective on stock buybacks aligns closely with Warren Buffett’s.

Charlie Munger's View on "Pre-mortem" and Its Integration with "Inversion" Charlie Munger is the most renowned advocate of "Inversion," and "Pre-mortem" can be seen as an exceptionally powerful and sy...