峰瑞资本李丰：做早期投资要先搞清楚“世界何以至此”

Core Insights - The success or failure of investments primarily hinges on the accurate judgment of profitability, which is rooted in the depth of understanding [1] - In a rapidly changing world, making future predictions based solely on the present is limited; engaging with historical perspectives and broader contexts can enhance understanding [1] - Reading is emphasized as a crucial tool for investors to observe long-term trends and identify enduring principles that reveal investment value [1] Group 1: Investment Philosophy - Howard Marks states that investment success is largely determined by the correct assessment of profitability [1] - Charlie Munger highlights that deserving what one wants fundamentally involves aligning understanding with value [1] Group 2: Importance of Reading - The article underscores that successful individuals across various industries share a common trait: a passion for reading and continuous learning [1] - Reading is presented as a means to engage with time and knowledge, allowing investors to discern the unchanging amidst change [1] Group 3: Recommended Literature - Li Feng, founding partner of Peakview Capital, recommends two books by Xu Zhuoyun: "Where Are We Going" and "How Did the World Come to This," emphasizing the importance of understanding historical context to navigate future directions [5] - The recommendation reflects a shift in focus from merely asking "Where are we going?" to first understanding "How did the world come to this?" in the context of early-stage investments [5]