加密飞龙
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Today's accumulation will repay you 'with interest and principal' in the future.
Munger: How to analyze an industry in a relatively short time
Shareholder: How do you analyze an industry in a relatively short time and determine whether it is worth investing in?
Munger: First of all, you can look at a company's historical records and infer its future from its history. However, it's definitely not that simple. If it were that simple, everyone would be investing.
Fundamentally, it is essential to understand a company's business, to be clear about what threats a company faces, what opportunities it has, and its competitive position. Looking only at past performance growth, past capital returns, and past sales makes it difficult to accurately predict a company's future. Only with a deep understanding of the business can one more accurately predict the company's prospects. When investing, one really needs to understand the business.
Shareholder: How do you analyze an industry in a relatively short time and determine whether it is worth investing in?
Munger: First of all, you can look at a company's historical records and infer its future from its history. However, it's definitely not that simple. If it were that simple, everyone would be investing.
Fundamentally, it is essential to understand a company's business, to be clear about what threats a company faces, what opportunities it has, and its competitive position. Looking only at past performance growth, past capital returns, and past sales makes it difficult to accurately predict a company's future. Only with a deep understanding of the business can one more accurately predict the company's prospects. When investing, one really needs to understand the business.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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