Munger

How Does Charlie Munger Explain the "Authority Bias"? Please Provide Examples. In his famous lecture on "The Psychology of Human Misjudgment," Charlie Munger refers to "authority bias" as the Authorit...

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

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...

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...

查理·芒格在其著名的演讲《人类误判心理学》(The Psychology of Human Misjudgment) 中，系统地阐述了他总结的25种心理倾向（或称心理偏差模型）。这些模型是他用来分析复杂商业问题和做出明智决策的重要工具。 以下是这25种心理偏差模型的列表： 查理·芒格的25种心理倾向 奖励和惩罚超级反应倾向 (Reward and Punishment Superrespon...

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 ...

How Does Munger Evaluate the Weight of "Management Integrity" in Investing? In Charlie Munger's investment philosophy, "management integrity" is not a quantifiable variable to be weighted against othe...

Here is the translation of the provided content into English, maintaining the original Markdown format: What are Charlie Munger's views on "things that cannot be quantified are still important"? Char...

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 on "Imitation vs. Innovation": The Strategic View of an Extreme Pragmatist Charlie Munger approaches the role of "imitation and innovation" in corporate strategy with an extremely pragm...

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...

Okay, let's talk about this topic. Regarding how Charlie Munger views capital structure, his perspective is actually very clear and particularly consistent with his signature "old-school wisdom" style...

The Profound Wisdom Behind Charlie Munger's "Recognize Reality": More Than Investing, It's the Cornerstone of Life Charlie Munger repeatedly emphasizes "You have to recognize reality, even if you don'...

Charlie Munger's Core View on Macroeconomic Forecasting: Profound Skepticism and Avoidance Charlie Munger maintains a clear and consistent skepticism toward macroeconomic forecasting.