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“The market is not going to do exactly what you want when you want it … I wouldn’t worry too much about what happens over six months or twelve months. I don’t think you’re really all that welcome in this room if the short-term orientation is what turns you on.” — Charlie Munger
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How a top Chinese AI model overcame US sanctions
“DeepSeek’s success is even more remarkable given the constraints facing Chinese AI companies in the form of increasing US export controls on cutting-edge chips. But early evidence shows that these measures are not working as intended. Rather than weakening China’s AI capabilities, the sanctions appear to be driving startups like DeepSeek to innovate in ways that prioritize efficiency, resource-pooling, and collaboration.”
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“Price is what you pay. Value is what you get.”
— Warren Buffett
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Law of Supply and Demand in Economics: How It Works
The law of demand posits that as prices rise for a given resource, product, or commodity, demand declines; conversely, as prices fall, demand increases. On the supply side, the law posits that as price rises, producers supply more of a resource, product, or commodity; as prices fall, so does supply.
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“The first rule of a happy life is low expectations. That’s one you can easily arrange. And if you have unrealistic expectations, you’re going to be miserable all your life.”
— Charlie Munger
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Charlie Munger’s advice on investing and life choices that make a person wealthy
RIP