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...
If it was easy to be like him and think like him, then there wouldn’t be just one Charlie Munger. Turning oneself into a learning machine with multiple mental models … is very hard work, and the few people who succeed at doing it may still fail to benefit from it if they don’t ...
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...
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...
Charlie Munger: Well, we did it for a very simple reason we got more strength per dollar invested in China. The companies we invest in are stronger relative to their competition and priced lower. That’s why we’re in China. (link 1, 2) Becky Quick: Although the financials seem strong...
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.
bike ride from his Omaha home—Charlie Munger was learning this important investment skill while playing poker with his army buddies. That’s where he learned to fold his hand when the odds were against him and bet heavy when the odds were with him, a strategy he later adapted to investing...
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...
Charlie Munger : Well , that's easy Tesla last year reduced its prices in China twice . BYDicreased its prices Were direct competitors . BYD is so much ahead of Tesla in China ,s like a . . it's almost ridiculous . If you look at BYD , which most people never heardof , if you...