Library
Essays
Frameworks for investing, applied AI, and creative work. Every essay is free to read.
Essays
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Build a thesis you can challenge
Understand how a business creates value, then identify the evidence that could change your mind.
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Give AI a job, not a wish list
Evaluate a tool against a real task, including the time it takes to check and repair its output.
In Chinese
These essays are written in Chinese. Their titles and summaries are translated here.
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The nature of consumption 中文
Change the label on the same bottle of wine, and it tastes different. For anyone who sells a service, everything before delivery is the evidence a client uses to judge you.
消费的本质
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Investing requires thinking one level up 中文
The people who bought PetroChina in 2007 and Moutai in 2014 were not answering the same question when they placed their orders. Look one level higher at a time: time, probability, structure, where returns come from, and yourself.
投资一定要有升维思维
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How a person’s understanding of value grows 中文
Some judgments show how much you understand only after you have used them in your own life. A single choice of apartment shows how experience fills in the costs you left out.
一个人对价值的理解，是怎样长出来的
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Respect the bubble 中文
Between judging that valuations are too high and judging when prices will fall lie shifts in capital, interests, and expectations. An industry that adjusts on its own makes short sellers pay for the wait.
尊重泡沫
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