13. Can Someone Come Along and Do Better Than Warren Buffett and Charlie Munger? 12. How Do I Deal With Setbacks in Life? 11. Should I Invest In Bitcoins? 10. Education 9. Solving Problems 8. Favorite Political System 7. Getting What You Want ...
Charlie Munger heavily influenced Warren Buffett’s investment style. Munger believed in holding a hyper-concentrated portfolio of extremely high-quality businesses. Munger eschewed diversification – he was comfortable holding as few as 3 securities at a time. Munger’s philosophy of buying and holding...
Charlie Munger quotes to elevate your perspective 31. “A great business at a fair price is superior to a fair business at a great price.”―Charlie Munger 32. “Most people don’t grab the right ideas or don’t know what to do with them.”―Charlie Munger 33. “There is no way yo...
Ipersonally believeMunger’s influence at Berkshire and on Buffett’s thinking goes, regrettably, unsung. Very unsung. If Munger hadn’t been around, Buffett arguably would not have gained an appreciation of buying great businesses rather than cigar butts.Munger helped make Berkshire’s returns phen...
Charlie Munger: My favorite human misjudgment is self-serving bias: how the brain subconsciously will decide that what’s good for the holder of the brain is good for everyone else. If the little me wants it, why shouldn’t the little me have it? People go through life like this. I’...
I’m currently reading a new book calledCharlie Munger: The Complete Investorby Tren Griffin because, well, I like to read anything about Charlie Munger. There is a lot of good stuff related to investing inside, but it didn’t mention one of my favorite personal finance quotes from Mr. Mu...
Munger:I think the main reason is that I can't learn. For example, a large company like Procter & Gamble Co, its inherent culture, itsBureaucratic styleHow do you think Procter & Gamble Co can be made to look like Berkshire Hathaway? This question can be directly classified into the cate...
But more importantly, Munger is trying to put across another very important point – We are often aware that incentives matter and people can be incentivized to do required things. But the real power of incentives lies in its ability to manipulate the cognitive process at a subconscious level....
Charlie:Well, I coined that term the “Lollapalooza effect” because when I realized I didn’t know any psychology and that was a mistake on my part, I bought the three main text books for introductory psychology and I read through them. And of course being Charlie Munger, I decided t...
This 36-year-old spent a year learning how to invest using Charlie Munger's 4 principles When Danielle Town found herself burnt out and even starting to get sick from her work as a corporate attorney, she knew she didn't want to keep laboring at the same breakneck pace for much longer....