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, long-term perspectives and dialogues with historical thinkers are essential for overcoming cognitive limitations [1] - Reading is emphasized as a crucial tool for enhancing understanding and identifying investment value [1] Summary by Sections Investment Philosophy - Howard Marks and Charlie Munger highlight the importance of aligning cognition with value to achieve desired outcomes [1] - The article stresses that true understanding requires a long-term view and engagement with diverse knowledge sources [1] Recommended Reading - 熊伟, the founding partner of Qiancheng Capital, recommends "A History of Western Philosophy" as a valuable resource for understanding human thought paradigms [5] - The book encourages stripping away superficial data to focus on fundamental economic principles, which is vital for entrepreneurs and venture capitalists [5] Innovation and Decision-Making - Innovation is identified as the core driver of entrepreneurship, often leading to initial skepticism from the majority [5] - The article suggests that venture capital firms should align with innovators during times of perceived risk, fostering technological and societal advancement [5]
千乘资本熊伟：重读经典《西方哲学史》 借千年智慧寻商业本质丨大咖荐书
证券时报·2025-10-04 06:12