Core Viewpoint - The article highlights the annual 618 shopping festival, emphasizing the opportunity for consumers to purchase books at discounted prices, particularly in the investment and finance category [1][2]. Summary by Sections Promotional Offers - The company offers limited-time discounts on investment-related books during the 618 event, with discounts starting at 50% and additional coupon stacking available, allowing for a maximum discount of 130 on purchases over 300 [4]. Featured Books - The promotional book list includes six notable titles: 1. "The Active Fund Investment Guide" 2. "The Index Fund Investment Guide" 3. "Ten Years to Financial Freedom through Regular Investment" 4. "The Long-Term Stock Market Secret" 5. "The Trillion Dollar Index" 6. "Patient Capital" [6][16][20][26][31]. Book Summaries - "The Active Fund Investment Guide" provides a comprehensive introduction to active funds, including how to buy and sell them, aimed at helping readers build their investment systems [9]. - "The Index Fund Investment Guide" is suitable for beginners, detailing 256 mainstream index funds and investment strategies for ordinary investors [12][13]. - "Ten Years to Financial Freedom through Regular Investment" outlines a detailed plan for regular investment, particularly beneficial for salaried individuals with consistent cash flow [16]. - "The Long-Term Stock Market Secret" is a globally recognized investment classic, emphasizing that stocks are the best long-term wealth accumulation method, while also addressing the risks involved [20][21]. - "The Trillion Dollar Index" narrates the history of index funds and features insights from renowned investors, making it an engaging read [26][28]. - "Patient Capital" shares stories of long-term investment pioneers, providing lessons on managing family assets effectively [31][32]. Additional Recommendations - The article also mentions various other investment and finance-related books, including titles focused on financial literacy for children, family financial planning, and classic investment strategies, catering to a wide audience from beginners to seasoned investors [35][39][45][49].

Core Viewpoint - The article emphasizes the importance of time management and decision-making quality in investment, drawing insights from Charlie Munger and Warren Buffett's philosophies on managing time and work effectively [2][11]. Time Management - Time is a finite resource, and even the most successful individuals have the same amount of it [4]. - The "80/20 rule" suggests that only 20% of tasks are truly valuable, while 80% have minimal impact [6]. - Focusing on improving decision quality within that critical 20% is essential [6]. Decision-Making - Major life decisions, such as career choices and financial planning, can significantly alter one's life trajectory [7][12]. - Munger and Buffett allocate substantial time for reflection and reading, which enhances their decision-making capabilities [7]. - The article highlights the tendency of individuals to overanalyze trivial matters while rushing significant life decisions [7]. Surrounding Oneself with Excellence - Associating with intelligent and successful individuals can elevate one's own decision-making quality [9]. - The difference in outcomes among investors can be attributed to the quality of information and insights gained from peers [9]. - Experienced investors tend to achieve better average returns compared to novices, especially those who have weathered market fluctuations [9]. Personal Development - Finding a fulfilling career is crucial, and it may take time to discover one's passion [11]. - The article encourages individuals to seek out wise and capable companions to foster mutual growth and learning [11].

Core Viewpoint - The article discusses Charlie Munger's perspective on market efficiency, highlighting the contrast between theoretical market efficiency and real-world examples of market inefficiencies, particularly in the context of investment strategies and behaviors of investors [2][4][12]. Summary by Sections Effective Market Hypothesis - The Efficient Market Hypothesis (EMH) suggests that all known information is reflected in stock prices, making it impossible for investors to consistently outperform the market [4]. - Eugene Fama's work in 1965 introduced the concept of stock prices following a random walk, asserting that current prices represent fair value [4]. Buffett as an Exception - Warren Buffett is presented as a notable exception to the EMH, having consistently outperformed the market, which has led to skepticism from academic circles [5][6]. - Critics, including notable economists, have questioned Buffett's success, attributing it to luck rather than skill [6]. Buffett's Counterargument - Buffett countered the academic criticism by showcasing the historical performance of nine successful investors, including himself and Munger, arguing that their success stemmed from hard work and adherence to value investing principles [8][10]. Market Inefficiencies - Munger identifies two types of market inefficiencies: those arising from small market sizes with limited attention and those driven by investor psychology, particularly during periods of fear and greed [12]. - A specific example of market inefficiency is the premium on ETFs, where investors may buy at inflated prices due to lack of understanding of the underlying mechanics [14]. Opportunities in Inefficient Markets - The article emphasizes that while efficient markets are an ideal, real-world inefficiencies create opportunities for experienced investors to buy undervalued assets and sell overvalued ones [16].

Core Viewpoint - The article highlights the importance of reading and self-investment in the context of financial growth, emphasizing that knowledge gained through books can lead to significant future wealth [1][6]. Group 1: Event Overview - The company hosted a special event for World Book Day from April 23 to May 5, offering exclusive investment insights alongside a reading initiative [1]. - Participants engaged actively, sharing their insights and book recommendations, which were evaluated based on likes and content quality [1]. Group 2: Book Recommendations - Five lucky participants were selected to receive a copy of "Blood and Wealth," with their recommended books including: - "Reminiscences of a Stock Operator" [2] - "Cycles: Capturing Opportunities in Extreme Volatility" [1] - "Poor Charlie's Almanack: Avoiding Pain" [2] - "The Way of Munger: The Importance of Value Investing" [5] Group 3: Future Engagement - The company plans to organize more engaging activities in the future, encouraging participants to follow their official account for updates [6].

还为大家详细介绍了几位投资大师：股神巴菲特、他的好搭档查理芒格和指数基金之父约翰博 格。分享了他们的人生经历、投资生涯和投资的理念。 大家可以点击下面链接查看部分螺丝钉带你读书合集： 《 世界读书日，螺丝钉送你103本私藏经典好书 》 往期回顾 大家好，我是银行螺丝钉，欢迎来到这期的螺丝钉带你读书。 「螺丝钉带你读书」也陪伴大家度过了三百多期，为大家讲解了很多有趣、经典的书籍和故 事，比如《三十几岁，财务自由》、《如何读一本书》、《战胜拖延症》等等。 有的行业，会进行心理状态的定期评估。 例如运动员、飞行员、医生等，都要求情绪稳定。 在投资中，像巴菲特和芒格还有一个优秀特质，就是情绪稳定。 各行各业都需要情绪稳定 情绪管理，在各行各业都至关重要。 第一篇：《 查理·芒格的价值投资智慧：从捡烟蒂到买入优秀公司 》 第二篇 ： 《 投资高手的秘密：如何掌握查理·芒格的多元化思维模型 》 投资的优秀特质：情绪稳定 这几期螺丝钉带你读书，介绍的是《芒格之道》。 汇总了上世纪80年代，到2022年前后，芒格在股东会上的讲话实录。 之前提到了，查理·芒格对价值投资的贡献。 介绍了查理·芒格的多元化思维模型，如何构建。 医 ...

大家可以点击下面链接查看部分螺丝钉带你读书合集： 《 世界读书日，螺丝钉送你103本私藏经典好书 》 往期回顾 第一篇：《 查理·芒格的价值投资智慧：从捡烟蒂到买入优秀公司 》 多学科、多元化的思维模型 从上一期螺丝钉带你读书开始，跟大家介绍了一本经典投资好书，《芒格之道》。 大家好，我是银行螺丝钉，欢迎来到这期的螺丝钉带你读书。 「螺丝钉带你读书」也陪伴大家度过了三百多期，为大家讲解了很多有趣、经典的书籍和故 事，比如《三十几岁，财务自由》、《如何读一本书》、《战胜拖延症》等等。 还为大家详细介绍了几位投资大师：股神巴菲特、他的好搭档查理芒格和指数基金之父约翰博 格。分享了他们的人生经历、投资生涯和投资的理念。 这本书汇总了巴菲特的老搭档，查理·芒格，上世纪80年代，到2022年前后，股东会上的讲话 实录。 上一篇咱们提到了，查理·芒格对价值投资的贡献。 帮助巴菲特，养成了用合理价格买入优秀公司的策略。 查理·芒格另一个被熟知的，则是他的多学科、多元化的思维模型。 也就是俗称的"格栅理论"。 查理·芒格的多学科出身背景 多元化思维方式，这其实跟查理·芒格的经历有关。 芒格本身出身律师世家，对法律非常精通； ...