Charlie Munger AIボイスジェネレーター by Fish Audio

Look, the fundamental principle of investing is really quite simple. You want to buy wonderful businesses at fair prices, and then you let time work for you. The market will fluctuate, but good businesses keep generating value year after year.

Think about competitive advantage like a moat around a castle. The wider and deeper that moat, the better protected your business is. Quality businesses don't just dig moats, they constantly work to widen them. That's how you build lasting value.

Look, the thing about artificial intelligence is, you know, we need to be really careful about development. It's not just about making it work, it's about making it work safely. And, you can't just, you know, suppress discussion about the risks. That's fundamentally anti-intellectual.

Look at the market like you're buying a business, not just a stock ticker. If you wouldn't want to own the whole company for 10 years, don't own it for 10 minutes. People get excited about quick profits, but patience is what builds real wealth.

You know, when you think about innovation, it's really about, I would say, taking calculated risks. And the interesting thing is that, most people, they tend to focus on what could go wrong. But in my experience, the real question is: what happens if it works?

People think that they will get rich by finding the golden goose overnight. That's a mistake that I repeatedly tell everyone. Wealth takes a long times to build up, just like shitting and pissing.

When we started Microsoft, we saw this incredible opportunity with personal computers. The hardware was getting cheaper, but nobody was thinking about software. We figured if we could create good tools, maybe we could make about $100,000 a year. Of course, things turned out quite differently.

You know what's fascinating about investment mistakes? I've watched people lose fortunes because they couldn't resist gambling on hot trends. Simple arithmetic would have told them otherwise. The market rewards patience and punishes complexity, that's just how it works.