Economics and Investing Knowledge in Poor Charlie's Almanack

Economics

• economic market as ecosystem
• advantages of scale
• bad accounting quote
• paradox in economics

Macroeconomics

• wealth effect of stock market
• Japan stagflation

Investing

Value Investing

• Stock price follows underlying business value
• even great companies must be bought at fair price

Checklists

• an investing principles checklist

Advice

• Charlie's approach to life, learning, and decision making
• invest in simple, dominant frachises
• distrust financial statements
• emphasize good management
• competitive advantage
• intrinsic value
• investment timing
• patience and decisiveness
• bet big when opportunity arises
• invest in low risk with high upside

mental models

• disadvantages of scale
• Mr. Market

Other investing knowledge

• why do some industries lose margin from fierce competition and others leave a margin for owners?
• Efficiency Improvements in business
• stock market as a pari-mutuel system
• investment managers
• Investing in the United States
• Diversification in investing