+Follow
SureshKumar
No personal profile
0
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
SureshKumar
2023-11-04
Hi
Sorry, the original content has been removed
SureshKumar
2023-11-04
Hi
Sorry, the original content has been removed
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4162093105470262","uuid":"4162093105470262","gmtCreate":1698989984638,"gmtModify":1699070689202,"name":"SureshKumar","pinyin":"sureshkumar","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/aac31e825cf4fc152d64b1cf44e6e7fc","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":0,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":1,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[],"userBadgeCount":0,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":237696028901584,"gmtCreate":1699067002473,"gmtModify":1699070661415,"author":{"id":"4162093105470262","authorId":"4162093105470262","name":"SureshKumar","avatar":"https://community-static.tradeup.com/news/aac31e825cf4fc152d64b1cf44e6e7fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4162093105470262","authorIdStr":"4162093105470262"},"themes":[],"htmlText":"Hi ","listText":"Hi ","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237696028901584","repostId":"2380679921","repostType":2,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237695784968400,"gmtCreate":1699066942919,"gmtModify":1699070661534,"author":{"id":"4162093105470262","authorId":"4162093105470262","name":"SureshKumar","avatar":"https://community-static.tradeup.com/news/aac31e825cf4fc152d64b1cf44e6e7fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4162093105470262","authorIdStr":"4162093105470262"},"themes":[],"htmlText":"Hi ","listText":"Hi ","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237695784968400","repostId":"2380679921","repostType":2,"repost":{"id":"2380679921","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1699055909,"share":"https://ttm.financial/m/news/2380679921?lang=&edition=fundamental","pubTime":"2023-11-04 07:58","market":"us","language":"en","title":"Charlie Munger Muses on Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=2380679921","media":"Dow Jones","summary":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.He doesn't design his own electric motors and his egg beater.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn't afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That's gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it's charlatanism to charge 3 percentage points per year or something like that to manage somebody else's money.</p><p>Most people probably shouldn't do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn't want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I'm not the guy that's using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I'm not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You've got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else's property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we've used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that's ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you're throwing your stink ball into a recipe that's been around for a long time, that's worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don't consider it all that significant. They've got their little niches. Microsoft maybe has a nice niche, but it doesn't own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you've learned recently from the books you've read?</strong></p><p>A: I think I learn a little something from...everything I've read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don't know how to get smart without reading a lot.</p><p><strong>Q: You've spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlie Munger Muses on Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Muses on Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-11-04 07:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn't afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That's gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it's charlatanism to charge 3 percentage points per year or something like that to manage somebody else's money.</p><p>Most people probably shouldn't do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn't want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I'm not the guy that's using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I'm not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You've got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else's property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we've used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that's ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you're throwing your stink ball into a recipe that's been around for a long time, that's worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don't consider it all that significant. They've got their little niches. Microsoft maybe has a nice niche, but it doesn't own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you've learned recently from the books you've read?</strong></p><p>A: I think I learn a little something from...everything I've read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don't know how to get smart without reading a lot.</p><p><strong>Q: You've spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4588":"碎股","BK4550":"红杉资本持仓","LU0251142724.SGD":"Fidelity America A-SGD","BRK.A":"伯克希尔","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BRK.B":"伯克希尔B","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4176":"多领域控股","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380679921","content_text":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.Here is an edited selection of highlights from the interview:Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That's gone, all of that low-hanging fruit.I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.Q: If you were starting a business today, what would it be?A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it's charlatanism to charge 3 percentage points per year or something like that to manage somebody else's money.Most people probably shouldn't do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn't want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater.Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?A: Of course I worry about that. And I have tried not to be.... I'm not the guy that's using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.I'm not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You've got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else's property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we've used is the sovereign issues it.The only way to get from hunter-gathering to civilization that we know of that's ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.When you start creating an artificial currency...you're throwing your stink ball into a recipe that's been around for a long time, that's worked very well for a lot of people.Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?A: I would not break them up. I don't consider it all that significant. They've got their little niches. Microsoft maybe has a nice niche, but it doesn't own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.Q: Is there anything you've learned recently from the books you've read?A: I think I learn a little something from...everything I've read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don't know how to get smart without reading a lot.Q: You've spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":237696028901584,"gmtCreate":1699067002473,"gmtModify":1699070661415,"author":{"id":"4162093105470262","authorId":"4162093105470262","name":"SureshKumar","avatar":"https://community-static.tradeup.com/news/aac31e825cf4fc152d64b1cf44e6e7fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4162093105470262","authorIdStr":"4162093105470262"},"themes":[],"htmlText":"Hi ","listText":"Hi ","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237696028901584","repostId":"2380679921","repostType":2,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237695784968400,"gmtCreate":1699066942919,"gmtModify":1699070661534,"author":{"id":"4162093105470262","authorId":"4162093105470262","name":"SureshKumar","avatar":"https://community-static.tradeup.com/news/aac31e825cf4fc152d64b1cf44e6e7fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4162093105470262","authorIdStr":"4162093105470262"},"themes":[],"htmlText":"Hi ","listText":"Hi ","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237695784968400","repostId":"2380679921","repostType":2,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}