Investment Philosophy

Charlie Munger's criteria for evaluating fund managers are exceptionally rigorous. He seeks not merely investors with outstanding performance, but a "thought partner" who is intellectually mature, pos...

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.

How Does Charlie Munger Set His Selling Criteria? At the core of Charlie Munger's investment philosophy are "less is more" and "sit-on-your-ass investing.

Charlie Munger's Core Methodology for Assessing the "Price vs. Value" Gap Charlie Munger's approach to assessing the gap between price and value does not rely on a single mathematical formula or finan...

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...

The Core Reasons Why Charlie Munger Avoids "Hot-Topic Investing": Adhering to the Circle of Competence and Avoiding "Stupidity" Charlie Munger's aversion to "hot-topic investing" (chasing the most pop...

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...

"Survive a thousand dangers, but one mistake can be fatal" — What risk philosophy does this reflect? Hey man, that's a really interesting question.

The core reason why Charlie Munger repeatedly emphasizes avoiding extreme emotions is that extreme emotions are the archenemy of rationality. They directly trigger and amplify various cognitive biases...

Charlie Munger's opposition to cryptocurrency is exceptionally stark and consistent. He has used extreme terms like "rat poison squared" and "venereal disease" to describe it.

Here is the translation of the provided content into English, maintaining the original Markdown format: The answer is: Okay, this is the response regarding Charlie Munger's views on Fintech.

Charlie Munger's Views on ETFs and Index Funds: A Complex and Pragmatic Perspective As an investment master renowned for "concentrated investing" and the "circle of competence," Charlie Munger’s philo...

Core Investment Principles Embodied in Charlie Munger's Daily Journal Investment Practice Charlie Munger managed the cash and securities portfolio of Daily Journal Corporation as a "demonstration port...

Common Sources of Mispricing in Financial Markets According to Charlie Munger Charlie Munger believes that "mispricing" in financial markets stems not from failures of complex mathematical models, but...

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.

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 ...