Investment Philosophy

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.

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...

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

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...

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, ...

Charlie Munger's "Great Business" Investment Model Charlie Munger's "Great Business" investment model represents a significant evolution beyond Benjamin Graham's traditional value investing approach (...

Charlie Munger's critique of "experts" is not a wholesale rejection of specialized knowledge, but he harbors deep skepticism toward those who wield authority in narrow domains and use it to guide deci...

The core reason behind Charlie Munger's strong opposition to mechanical low price-to-earnings (P/E) ratio investment strategies lies in the evolution of his investment philosophy and his profound insi...

Charlie Munger's Critique and Transcendence of "Ivory Tower" Thinking Charlie Munger holds a sharp and profound critique of "ivory tower" academic thinking.

Charlie Munger on "Wisdom" and How to Acquire It Charlie Munger’s definition of "wisdom" is not abstract philosophical speculation but an intensely practical ability that can be applied in the real wo...