Investment Personalities

Charlie Munger believes that the root of "gambling-style investing" (or speculation) does not stem from rational calculation, but is deeply embedded in powerful, innate, and often subconscious psychol...

Charlie Munger and Warren Buffett: The Art of Decision-Making Division and Disagreement Resolution The partnership between Charlie Munger and Warren Buffett is hailed as one of the most successful in ...

Charlie Munger believed that "long-term holding companies" (exemplified by Berkshire Hathaway) are structurally far superior to traditional "investment partnerships.

Charlie Munger's Original Contributions to Behavioral Finance Charlie Munger was not a traditional academic researcher but rather a master practitioner who integrated multidisciplinary wisdom—especial...

From "Cigar Butts" to "Buying Castles": Charlie Munger's Revolutionary Impact on Berkshire's Investment Strategy Charlie Munger's joining marked the most pivotal turning point in Berkshire Hathaway's ...

Charlie Munger: The Guide Who Led the Shift from "Cigar Butts" to "Embracing Greatness" Charlie Munger's most significant influence on Warren Buffett's investment philosophy was guiding him beyond the...

The Background of Charlie Munger and Warren Buffett's Meeting and Their Shared Values First Meeting: A Dinner That Changed History Charlie Munger and Warren Buffett first met in 1959 in Omaha, USA.

Charlie Munger's Core Reason for Emphasizing Dissenting Views: Combating Cognitive Biases to Pursue Objective Rationality Charlie Munger repeatedly emphasized the importance of seeking out, understand...

The core idea behind Charlie Munger's statement that "a great investment is finding a company that makes money automatically" refers to seeking out businesses possessing strong and enduring competitiv...

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...