I have been reading Munger's Tao recently, and I feel that Munger is really powerful, but kindness should be used to describe it🤦 Whatever he has, give him double, and whatever he doesn't have, even take away what he has left. past. The most famous thing he said is that most people are stupid for life. I only point out those who learn chemical energy, and ignore those who can't keep up. The second level is difficult to say, but it is also very simple to say simple. Buffett's life has only been about cash flow. Technical analysis, I think can be summarized in four words: supply and demand. Common market phenomena, such as support, resistance, trends, fluctuations in volume and price, etc., are all caused by the imbalance of supply and demand. This is even higher than the transaction data of the derivatives market. Derivatives are used to amplify returns. Spot The supply and demand relationship is the real price formation mechanism. This supply and demand is affected by factors such as cycle, liquidity, chip structure, etc.