January 25, 2024
2 books · 13 highlights · 10 notes

Poor Charlie's Almanack
Charles T. Munger
“First, we are never going to create something worth $2 trillion by selling some generic beverage. Therefore, we must make your name, Coca-Cola, into a strong, legally protected trademark.”
12:50 PM
把生意做大一定要注重品牌的价值
✎ NOTE
“Second, we can get to $2 trillion only by starting in Atlanta, then succeeding in the rest of the United States, then rapidly succeeding with our new beverage all over the world. This will require developing a product that has universal appeal because it harnesses powerful elemental forces. And the right place to find such powerful elemental forces is in the subject matter of elementary academic courses.”
12:51 PM
以终为始
✎ NOTE
“We will next use numerical fluency to ascertain what our target implies. We can guess reasonably that by 2034 there will be about 8 billion beverage consumers in the world. On average, each of these consumers will be much more prosperous in real terms than the average consumer of 1884. Each consumer is composed mostly of water and must ingest about 64 ounces of water per day. This is eight 8-ounce servings. Thus, if our new beverage, and other imitative beverages in our new market, can flavor and otherwise improve only 25 percent of ingested water worldwide, and we can occupy half of the new world market, we can sell 2.92 trillion 8-ounce servings in 2034. And if we can then net 4¢ per serving, we will earn $117 billion. This will be enough, if our business is still growing at a good rate, to make it easily worth $2 trillion.”
12:53 PM
成功的BP,市场分析之需要初级的数学知识
✎ NOTE
“There are two intertwined challenges of large scale. First, over 150 years, we must cause a new-beverage market to assimilate about one-fourth of the world’s water ingestion. Second, we must so operate that half the new market is ours while all our competitors combined are left to share the remaining half.”
12:57 PM
新饮料必须占有足够的市场,而且还要保持足够的优势
✎ NOTE
“These results are lollapalooza results. Accordingly, we must attack our problem by causing every favorable factor we can think of to work for us. Plainly, only a powerful combination of many factors is likely to cause the lollapalooza consequences we desire.”
12:57 PM
Lollapalloza效应:所有的有利因素综合在一起
✎ NOTE
“we are going into the business of creating and maintaining conditioned reflexes. The Coca-Cola trade name and trade dress will act as the stimuli, and the purchase and ingestion of our beverage will be the desired responses.”
12:59 PM
条件反射是最强大的力量
✎ NOTE
“We need only 1) maximize rewards of our beverage’s ingestion and 2) minimize possibilities that desired reflexes, once created by us, will be extinguished through operant conditioning by proprietors of competing products.”
12:59 PM
“For operant conditioning rewards, there are only a few categories we will find practical: 1. Food value in calories or other inputs 2. Flavor, texture, and aroma acting as stimuli to consumption under neural preprogramming of man through Darwinian natural selection 3. Stimulus, as by sugar or caffeine 4. Cooling effect when man is too hot or warming effect when man is too cool”
1:00 PM
饮料怎么给出奖赏:卡路里,味道、气味等刺激,糖或咖啡因,cooling effect
✎ NOTE
“Chapter 4; Talk Four[stripe.press/pca-8](https://stripe.press/pca-8)Practical Thought about Practical Thought?”
1:02 PM
经典的演讲
✎ NOTE
“To start out, it is easy to decide to design our beverage for consumption cold. There is much less opportunity, without ingesting a beverage, to counteract excessive heat compared with excessive cold.”
1:05 PM
天气热的时候,能降温的方式不多;天气冷的时候,能取暖的方式多
✎ NOTE
“It is also easy to decide to include both sugar and caffeine. After all, tea, coffee, and lemonade are already widely consumed. And it is also clear that we must be fanatic about determining, through trial and error, flavor and other characteristics that will maximize human pleasure while taking in the sugared water and caffeine we will provide.”
1:06 PM
饮料当中要有让人快乐的东西
✎ NOTE
“And, to counteract possibilities that desired operant-conditioned reflexes, once created by us, will be extinguished by operant-conditioning-employing competing products, there is also an obvious answer: We will make it a permanent obsession in our company that our beverage, as fast as practicable, will at all times be available everywhere throughout the world. After all, a competing product, if it is never tried, can’t act as a reward creating a conflicting habit. Every spouse knows that.”
1:07 PM
清华博士李一舟,ai搞钱第一人
史慧芳
“给淘金者卖水、卖地图、卖铲子,比下水淘金的人赚得更多。”
8:38 AM