Hutong keeps books alive
Independent bookstores in historic hutong foster reading, community engagement, and cultural heritage, offering spaces where literature, creativity, and human connection thrive.
This outlook also shapes Wang's approach to investment. He sees investing not merely as a matter of finance, but as a way of understanding life — something that numbers alone cannot capture.
He draws inspiration from Poor Charlie's Almanack, a collection of practical wisdom from legendary investor Charlie Munger.
"Munger uses a latticework of mental models — an interconnected framework of ideas from psychology, economics, and physics — to guide his judgment," Wang said. "He examines how each model works on its own and how it fits into a broader system."
Like Munger, Wang looks beyond financial data, turning to history for perspective. An avid reader of works such as Zizhi Tongjian (Comprehensive Mirror to Aid in Governance) by Sima Guang and 1587, A Year of No Significance by Ray Huang, he believes investors — like historians — must understand companies within long-term historical and social cycles.
"When markets are driven by fear, greed, and the chase for instant gratification, these broader insights help you cut through the noise," he said, adding that such a mindset keeps him grounded in value investing even amid shortterm market swings.
