Existence of Competitive Advantages I. Stability of market shares/relative market positions among firms: each player in the market can...

In this edition of Reflections on Investment, I intend to delve into the topic of skill acquisition and cognitive upgrades in relation to...

Performance and Valuation Levels of US Tech Companies Recent quarterly reports have been frequently released, and we have been closely...

Thinking, Fast and Slow was probably the best book I have read in the first half of 2020. Here are some of the notes I took after reading...

Thinking, Fast and Slow was probably the best book I have read in the first half of 2020. Here are some of the notes I took after reading...

Thinking, Fast and Slow was probably the best book I have read in the first half of 2020. Here are some of the notes I took after reading...

Thinking, Fast and Slow was probably the best book I have read in the first half of 2020. Here are some of the notes I took after reading...

We need to be a long-term oriented investors does not necessarily because this slogan sounds great and has better publicity nor because...

Perfect Opportunities may be very Limited BEDROCK’s primary investment methodology is similar with that of GARP (growth at reasonable...

Investment vs gambling, people are used to treat the two as totally distinctive. However, they are all about putting money at first,...

Before reading this book, I don’t know much about Joel Tillinghast, sorry for my limited knowledge of these great investors. After the...

For the first part of review on ‘Influence’(1) please check here . Liking Few people would be surprised to learn that, as a rule, we most...

This is another book Charlie Munger highly recommended and gave many copies to his friends as gifts. After the reading, I see clearly...

In the past few months, the world has experienced a lot, many never even could not imagine before, and so did the market. The market has...

In this article, I will try to do some real life case studies, and try to use the theory from the book (Competition Demystified) to help...

Talking about Tencent is like talking about the whole China internet market, and thus topic can be extremely complicated. In the...