弄鬼妆幺

Hello everyone, I'm Jack. I'm doing a silly thing: writing about all the S&P 500 companies in order of their founding. Jobs once said, 'In the end, everything comes down to taste.' In the world of investing, this taste first points to the ability to understand business models. As Buffett emphasized, to evaluate a company, one must start with its business model. Only by truly 'seeing' can one perceive what excellence is. Buffett's method is extremely simple: turn every page. He once read the thousands of pages of 'Moody's Manual' twice, leaving no corner unexplored. Munger was amazed by his familiarity with small California companies...

Hello everyone, I'm Jack. I'm doing something silly: writing about all the constituent companies of the S&P 500 in order of their founding. Jobs once said, 'In the end, everything comes down to taste.' Taste is the ability to recognize excellence. In the world of investing, this taste first points to the ability to understand business models. As Buffett emphasized, evaluating a company must start with its business model. Only by truly 'seeing' can one perceive what excellence is, and taste can form standards through insight. Buffett's method is extremely simple: turn every page. He once read the thousands of pages of the 'Moody's Manual' twice, leaving no corner unexplored...

大家好，我是杰克。我正在做一件笨事：按成立时间顺序，写完标普 500 的成分企业。乔布斯曾说：“最终，一切都关乎品味。” 品味，是识别卓越的能力。在投资世界中，这种品味首先指向看懂商业模式的能力。正如巴菲特强调，评价一家企业，必须从商业模式开始。唯有真正 “看过”，才能感知何为卓越，品味才能在洞察中形成标准。巴菲特践行的方法极为朴素：翻开每一页。他曾两遍通读数千页的《穆迪手册》，不放过任何角落...

大家好，我是杰克。我正在做一件笨事：按成立时间顺序，写完标普 500 的成分企业。乔布斯曾说：“最终，一切都关乎品味。” 品味，是识别卓越的能力。在投资世界中，这种品味首先指向看懂商业模式的能力。正如巴菲特强调，评价一家企业，必须从商业模式开始。唯有真正 “看过”，才能感知何为卓越，品味才能在洞察中形成标准。巴菲特践行的方法极为朴素：翻开每一页。他曾两遍通读数千页的《穆迪手册》，不放过任何角落...

Hello everyone, I'm Jack. I'm doing something foolish: writing about the long-lived companies in the S&P 500 in chronological order. Time is the most ruthless judge in the business world, but also the fairest coronator. From the canals and flour mills of the 18th century, to the railroads and steel of the 19th century, to the consumer goods and oil of the 20th century, and finally to the Silicon Valley chips of the 21st century. This is not just a list of the S&P 500, but a living history of the evolution of capitalism. What we're looking for are those business secrets that have survived wars and depressions, truly possessing the "anti-fragile" gene...