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Second-order thinking in investing is the practice of looking beyond your own analysis of an asset’s fundamentals to consider what the market consensus already believes, and whether that consensus is wrong in a way that creates a mispricing opportunity. Source: Wikimedia Commons Second-order thinking in investing is the practice of asking not merely “what will … Read more
Buffett’s 2025 Letter is an annual communication from Berkshire Hathaway’s CEO where he outlined the company’s succession philosophy rooted in culture preservation and character, while highlighting long-term macroeconomic risks over short-term market predictions. Source: Wikimedia Commons Reading Buffett’s 2025 Letter: What the Oracle Actually Said (and What He Didn’t) The Berkshire Hathaway annual shareholder meeting … Read more
Reading Buffett’s 2025 Letter: What the Oracle Actually Said (and What He Didn’t) The Berkshire Hathaway annual shareholder meeting is the one investor communications event that functions simultaneously as financial disclosure, philosophical seminar, and trust-building exercise. At 94, Warren Buffett used the 2025 meeting — his 60th — to do something subtler than announce strategy: … Read more
Lattice of mental models: a cognitive framework integrating key concepts from multiple disciplines—such as physics, biology, psychology, and economics—that enables multi-perspective analysis and guards against single-framework bias. Source: Wikimedia Commons A lattice of mental models is Charlie Munger’s term for a cognitive framework built from the foundational concepts of multiple disciplines — physics, psychology, biology, … Read more