A Tribute to Munger

Eric Schmidt stresses that the AI revolution is underhyped, with autonomous agents potentially surpassing human reasoning.China leverages its 9,9,6 work ethic to advance in AI despite lacking the capital-raising capabilities of the US, excelling in consumer apps and robots. China competes globally with open-source AI models and open training data, while the US focuses on […]

The first and greatest rule in speculation is position sizing, not entries, exits, charts, tips, or timing, as it protects capital and allows traders to survive market fluctuations. Proper sizing enables traders to remain calm and disciplined, avoiding desperation and reckless decisions, which is crucial for long-term success in trading. Psychology and DisciplineThe market is […]