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2024-05-04 Berkshire Hathaway annual meeting-37 annotations
Below are 37 annotations on the 2024 Berkshire Hathaway annual meeting, recording several things that are worth revisiting repeatedly. 1. The Fundamental Difference Between Two Modes of Cognition 【1. Charlie Munger – The Architect of Berkshire ...Two Limitations You Need to Know When Using AI for Value Investing
AI still has significant limitations in value investing work: in Right Business analysis, it struggles to identify the key variables from ambiguous information; in Right People analysis, the problem goes beyond a lack of judgment — it also generates ...2025-05-03 Berkshire Hathaway annual meeting-30 annotations
Below are 30 annotations on the 2025 Berkshire Hathaway annual meeting, recording several things that are worth revisiting repeatedly. 1. Japan investment: use facts to judge cultural receptivity 【3.Interest rates in Japan】 Warren Buffett: "Japan's ...Why Banking Is a Business You Should Approach With Extreme Caution — and Occasionally, Conviction
Banking is complexity by design. And complexity, by its very nature, creates better opportunities for mistakes to go unnoticed and fraud to go undetected. You will encounter more of both than you would in simpler businesses. Charlie Munger put it ...
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