转载：芒格最近在Daily Journal会上的分享：

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Munger’s views on:

关于当下的泡沫和狂热行为: 4:15

对于最近的GME卖空、逼空的看法: 6:10

SPACs: 19:38

炮轰Robinhood和泡沫行为: 20:40

Bubble on treasury security: 22:13

Value investing: 25:15

China and Chinese: 45:15 & 56:07

Alibaba & Jack & nationalized BYD: 47:57——他称赞Jack ma（炮轰金融监管这事）是elegant的, 但他不赞同他应该这么做surprise~) $阿里巴巴-SW(09988)$ $阿里巴巴(BABA)$

Federal macro policy in pandemic era: 50:02——rich richer

Modern monetary theory: 53:37

Trend of people leave Cal: 58:02

Real estate: 59:13

Business school: 1:00:53

Cost of human mis-judgment and psychology: 1:05:43

Learning from mistakes: 1:07:46

Circle of competence: 1:08:36——if you have fixable disadvantage, remove it; and unfixable, learn to live without it. What else you can do?

李光耀and Singapore: 1:13:03 ——figure out what works and do it.

Investing in common stocks on early-stage VS mature-stage 1:17:09

Conventional valuation method on Internet stocks: 1:18:20

Great investor and great chess player: 1:21:09

Current opportunities with low rates and low inflation: 1:25:55

Declining business on Daily Journal newspaper: 1:27:46

Technology has caused a permanent change in how a company should be valued? : 1:32:28

关于人生的错误。如果今天给予你机会生命重来，你在生活和投资中会做出啥不同的回应？1:40:28——Man is, too soon old, too late smart

How to choose a good spouse: 1:42:46

Analysis of a company culture in the investment process: 1:44:56

《穷查理宝典》：1:48:00

关于长寿和快乐人生的秘密：1:49:59——长寿：基因的选择。 快乐的人生：1. good at having low expectation; 2. Having good behavior rules, such as: never lie, do it right at the first time.

Advice on starting / doing business: 1:52:55——less travel, more zooming.

感叹已经97的人，仍然拥有如此清晰的头脑以及与时俱进，SPACs、GME等一众“新词”芒格都可以谈上几句。要是主持人问到$百度(BIDU)$ 相关问题，猜想他也能不能答上两句呢？@陈达美股投资