Virtual currency Charlie Munger

1.

The answer is yes. < / EM >

① the rise of Warren Buffett

Warren Buffett does not look at the valuation, only looks at the quarterly financial statements, and makes analysis and investment according to the quarterly financial statements. Only if the investment cycle is long enough can quarterly analysis work

Therefore, most of his investments are in instries closely related to our lives, such as banking, medicine, oil and beverage. These are traditional instries that everyone touches every day. These companies can maintain a good upward trend

and digital currency is more difficult to understand than the Internet of things. Digital currency has no concept of cash flow and quarterly financial statements. It can only carry out basic valuation according to the comparison of similar projects, and there is no clear valuation model

based on financial statements, Warren Buffett certainly can't accept such a minimalist financial report, an incomprehensible and imprecise economic model, which may be explained only by a fraud in his eyes. In Buffett's eyes, digital currency has no intrinsic value support

2. Some of the tasks in the legendary world's King City Mission are to be handed over to the mission mine. Some task mines are difficult to dig, such as 12 copper mines and 13 iron mines. These relatively difficult task mines are very valuable. The common task mines are as follows:
iron ore: 8 iron, 10 iron, 13 iron, 15 iron, more than 15 iron
copper ore: 12 copper, 15 copper, more than 15 copper
silver ore: more than 15 silver ore
blackbody:
more than 10 black iron
in addition to the task mine required by the Royal City Mission, other mines, such as gold, silver, copper and iron with purity of more than 15 plus a piece of wood, You can use it to forge your destiny. If you are lucky, you can forge your destiny at level 35, especially the soldier's. Black iron of various purity can be used to upgrade weapons, and black iron of purity more than 20 can be used to forge Dark Armor of stepping on cloud. The price of task mines varies from district to District, and the price of all kinds of task mines is also different. For example, the price of black iron above 20 is 100W in our district, and the price of black iron of 20 in our district is 1 yuan. So a lot of people can make money by mining~~~

3. The company of intelligent hardware that Jingdong plans to establish recently is the leader of Jingdong intelligent cloud

4. For this old man who has lost his sight in his left eye, Buffett once said, "I am his eye, and he is my ear." Buffett also said of Munger, "he used the power of thought to expand my vision and let me evolve from orangutan to human at an extraordinary speed, otherwise I would be much poorer than I am now."

5. Value investment criteria
business principles - three basic business characteristics. Is the enterprise easy to understand? Does the enterprise have a sustained and stable business history? Whether the enterprise has a good long-term prospects (2) management criteria - three important executive quality. Is the management rational? Is the management honest with the shareholders 3) Financial standards - four crucial financial standards. Pay attention to return on equity rather than earnings per share. Calculate the true "shareholder surplus.". Looking for enterprises with high profit margin. Every dollar of retained profits creates at least one dollar of market value. Market criteria - two related cost guidelines. It is necessary to determine the market value of the enterprise. Relative to the market value of the enterprise, can it be purchased at a discount price?

6.

The attachment of the complete works of Charlie Munger's biography has been uploaded to the network disk, and you can download it for free by clicking:
< file FSID = 4165999847 "link = / share / link? Shareid = 4090311742 & UK = 3760511651" name = - health = 0 / >

content preview:
support a newspaper with your ideal
support a newspaper with your ideal "if you are timid on the day of trouble, your strength will be small."
-- biblical proverbs
the Munger kids never forget the summer after Dad and his partner Warren Buffett bought the buffalo evening news in 1977. Children scurry around in their lakeside cottage to collect coins, then run to the phone booth by the dock on the other side of the lake and help Charlie throw money into the pay phone so that they can continue to discuss the strategic issues of running newspapers
"the buffalo evening news is a big business. It's really a big business in my mind. " Molly Munger said
Molly said that with the acquisition of this famous newspaper in the eastern region by Warren Buffett and Munger, she felt that they had stepped onto a higher platform. They have a broader vision, with acquisitions ranging from small regional companies to more prestigious assets. Since then, they have been more inclined to buy well-known companies, and it's easier for her to explain to her friends what Dad does
the buffalo evening news is the most influential asset acquired by using the blue chip printing petty cash account, which has troubled them for a long time
Buffalo News Corporation

7. It's definitely a good book worth reading many times. I waited half a year to get it. The style is rigorous, equipped with graphic interpretation of historical events, which fully reflects what Charlie said: "simply think, seriously act.". When you go because of one's achievements