How to Invest Like Charlie MungerBy Jon Quast –Updated Aug 19, 2024 at 1:41PM Key Points Charlie Munger concentrated his investments, holding only three major stocks: Berkshire Hathaway, Costco, and Daily Journal. Munger's investment strategy emphasized quality over quantity, bu...
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....
45. One person told me,"I have a list of 300 potentially attractive stocks & I constantly track them, waiting for just one of them to get cheap enough to buy." Well, that's a reasonable thing to do. But how many people have that kind of discipline? Not one in 100. 46. People c...
Charlie Munger: Well, of course, if you invest in marketable securities, you have the risk that they’ll go down and you’ll lose money instead of make it. But if you hold a depreciating currency, that’s losing purchasing power. On balance, we prefer the risk we have to those we’...
to invest on a fulltime basis at the urging of Warren Buffett, whom he did not meet until after he was living in Pasadena, California. Between 1962 and 1975, Munger ran a partnership for a group of investors, which generated annual financial returns of nearly 20 percent, compared to a ...
On February 17th, 2022, at the annual meeting of Daily Journal, Munger mentioned the reason why he chose to invest in Chinese companies. He said that every dollar he invested in Chinese companies has its own advantages, and that is because the companies they invested in are stronger but cost...
7. “Live within your income and save so that you can invest. Learn what you need to learn.”―Charlie Munger 8. “It’s remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”―Charlie Munge...
What that did for a long time was keep me out of venture capital on the edge of technology. I tried to avoid it. Two lessons come out of Munger’s story. The first is this. The outcome of your first investment can make a big impression on how you view similar investment opportunities...
It may not be to their advantage to learn it. Charlie would — that would probably plug right in to Charlie’s model. It’s — 学习它可能对他们没有好处。查理会——这可能会直接插入查理的模型。这是—— CHARLIE MUNGER: You bet.
17. What Are The Eight Key Investment Principles of Charlie Munger? 16. What Kind of Son or Daughter Should I Be? 15. How Do I Invest Like Charlie Munger? 14. If You Think Your Life Is Tough, What Should You Do To Win? 13. Can Someone Come Along and Do Better Than Warren Buffett...