Many members have asked me about Autohome lately. Here are my thoughts.
Buffett predicts Munger would talk about Costco.
The thoughtful investor’s job has not changed but the analytical approach has.
An e-mail exchange between Warren Buffett and Jeff Raikes on Microsoft in 1997 is filled with valuable lessons.
The fact that the market is partly efficient is really a gift.
We always get surprised by the effect of compound interest because we simply don’t think about compounding enough.
Moral hazard is present in more domains than you think. Learn the useful skill in life of spotting moral hazard by using these three mental models.