Investment Philosophy

Charlie Munger's Views on "Intrinsic Value" and His Preferred Approach Charlie Munger is a staunch advocate of value investing and fully agrees that "intrinsic value" is the cornerstone of investment ...

Charlie Munger believes that exceptional judgment stems not from extraordinary intelligence, but from a disciplined mindset that avoids common cognitive pitfalls.

Charlie Munger's famous quote reveals a profound truth: Success in life and investing is rarely built on countless mediocre decisions, but rather determined by a few critical, correct choices.

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...

Charlie Munger's concept of the "opportunity" that investors must patiently wait for does not refer to any seemingly cheap stock. Instead, it signifies a "Fat Pitch" – an investment that meets his str...

Charlie Munger's Core Reason for Opposing the Overuse of "Models": The Complexity of the Real World Far Exceeds Any Single Formula Charlie Munger himself is the most famous advocate of "mental models,...

Why Charlie Munger Emphasizes Avoiding "Excessive Trading" and His Extremely Low Trading Frequency Charlie Munger, Warren Buffett's long-time partner and Vice Chairman of Berkshire Hathaway, has profo...

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.

How Charlie Munger Uses "Opportunity Cost" in Investment Decisions: A Core Mental Filter Charlie Munger regards "opportunity cost" as the most fundamental and central principle in investment decision-...

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...

Charlie Munger's Approach to Reading: Types and Value Charlie Munger is hailed as a "walking encyclopedia," attributing much of his success to lifelong reading.

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

Why Does Charlie Munger Emphasize Reading as a Process of "Compound Interest-like Accumulation"? Charlie Munger compares reading to "compound interest-like accumulation," with the core idea being: The...

Charlie Munger's approach to evaluating a company for long-term holding centers on the core principle of "buying a wonderful company at a fair price.

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...

Okay, here is the translation of the provided content into English, maintaining the Markdown format and adhering to the requested style: How Does Charlie Munger View "First Principles" and "Common Sen...

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 ...

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, ...