2026-01-09 09:32:21

Many people have heard Warren Buffett say that he doesn't pay much attention to macroeconomics, but this statement actually has prerequisites. The reason he dares to say this precisely indicates one thing: his understanding of macroeconomics has long surpassed 99% of economists. The macro perspectives he can see and the overall view he possesses are fundamentally beyond the level of ordinary analysts and economists.

This is similar to how experts and beginners often interpret things in opposite ways. While beginners are still struggling with short-term interest rate fluctuations and exchange rate movements—these micro factors—he is already thinking about industry evolution and social structural changes over 20 or 30 years. Different time horizons naturally lead to different perspectives.

Interestingly, investment masters like Graham and Munger have indeed played mentor roles in his growth journey, and he has learned a lot from them. But in terms of comprehensive ability and the capacity to integrate all dimensions, no one can be more thorough than him. Those mentors are more like individual links in his growth chain, rather than ultimate decision-makers. This difference actually stems from his ability to blend short-term and long-term, micro and macro, theory and practice into a single decision-making framework.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
7
Repost
Share

Comment

0/400

IntrovertMetaverse

· 01-09 10:01

In simple terms, it's about having a high perspective and a long-term view. While we are still looking at K-lines, he has already looked decades ahead.

View OriginalReply0

NFTArchaeologis

· 01-09 10:00

This sounds like you're "archaeologizing" Buffett... Essentially, it means that once you understand the industry trends over decades, you naturally won't care about short-term noise. It's similar to how we view early on-chain projects; what’s truly worth recording is never the daily ups and downs, but the traces of innovation and iteration.

View OriginalReply0

AirdropHarvester

· 01-09 09:55

This is a classic case of dimensionality reduction attack; they are simply not on the same level of thinking.

View OriginalReply0

MetaverseHobo

· 01-09 09:54

This is the difference in realm. Buffett says he doesn't focus on macro, but in fact he has already mastered macro concepts. --- To put it simply, we are still looking at K-line charts, while they have understood the world 30 years into the future. --- Graham and Munger indeed introduced him to the basics, but in the end, he integrated all dimensions himself. This is the difference between a genius and a master. --- Listening to experts in reverse is a brilliant move. --- Interest rates, exchange rates, these things are really just noise for long-term investors. --- So we are still worried about how the economy will perform next year, while they are already planning their industry layout for the next 20 years. --- This article is actually about one thing: people who have a global perspective don't need to stare at macro data every day like we do. --- The most impressive thing is not learning others' methods, but being able to synthesize all methods seamlessly.

View OriginalReply0

SleepTrader

· 01-09 09:46

That's right, it's just a matter of different realms. Buffett can pretend not to pay attention to macroeconomics because he has already seen through it. While we're still scrolling through news and looking at data, he's already thinking about things twenty years from now. That’s the gap. A mentor can only teach you the tricks; in the end, you still have to integrate the whole set yourself—that's the real skill. A person's cognitive dimension truly determines everything. I'm still struggling with short-term fluctuations at the basic level, while others are already standing at a different height. So, to transcend the beginner stage, it's not about reading more news, but about changing the time dimension in which you view problems. It's like trading—some focus on minute charts, others look at yearly charts. The ones who make money are always the latter. Honestly, most of us can't even learn their way of thinking; the cognitive ceiling is right there.

View OriginalReply0

SighingCashier

· 01-09 09:43

Basically, it's just a different level. Buffett is playing a game in another dimension.

View OriginalReply0

UnluckyMiner

· 01-09 09:32

Basically, it's a matter of different realms. Buffett figured it out a long time ago, and we're still studying K-lines here. I just don't believe it. How is it that no one can surpass him? No matter how awesome a person is, they have to start as a rookie. Is Munger's approach really that absolute? By the way, can this framework be copied? It seems to be related to talent. Damn, another story of a genius. Why am I so ordinary? It feels like I've been learning macro and microeconomics all along, but I still lose money. Why is the gap between people so big? This logic sounds comfortable, but in practice, it's really not that simple.

View OriginalReply0