Munger also believed that a compelling competitive advantage was one reason to be interested in a stock. What stands out about Munger’s analysis of competitive advantages is how he related them to disciplines outside of the world of investing. As an example, Munger related geometry to scale-ba...
The article focuses on Charlie Munger, vice chairman of conglomerate holding company Berkshire Hathaway, and his investments in the publisher Daily Journal. It states during the stock market panic in 2009, he had investment gains which may have tripled the share price of the Daily Journal. It ...
It collects his speeches and musings, including his intriguing thoughts on the several tendencies that lead us humans to make really bad decisions. Here is a document that contains Munger’s ideas on the art of stock picking. I’ve read and re-read this document several times over in the p...
CHARLIE MUNGER: You know, I said on another occasion that, to some extent, stocks sell like Rembrandts. They don’t sell based on the value that people are going to get from looking at the picture. 查理·芒格:你知道,我在另一个场合说过,在某种程度上,股票的销售就像伦勃朗的画。它们的销售并...
Mungerisms: Words of Wisdom from Charlie Printed From:The Equity Desk Category:Market Strategies Forum Name:Buffet, Lynch and other legends - Investing Strategies Forum Discription:DIscuss about the strategies followed by the great investors. Share an idea which would have impressed the masters. Try...
- Munger recommended the bookA Man For All Marketsabout Ed Thorp. For other books he likes, be sure to check out outCharlie Munger's recommended reading list. - "The success of Berkshire came from making two decisions a year over 50 years." ...
To the Shareholders of Berkshire Hathaway Inc.: Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their ad
Charlie Munger, the vice chairman, and now we are adding another powerful business leader to the roundtable: Bill Gates. He is the founder of Microsoft and the co-chair of the Bill and Melinda Gates Foundation. He's also a member of the CNBC First 25 list that was revealed last week ...
Munger has said for example “Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis — you must think biologically”and“I find it quite useful to think of a free market economy—or partly free market economy—as...
It wasn’t something where stock was generally available, and so it’s very easy to mis-weigh the vivid evidence. Gutfreund did that when he looked into the man’s eyes and forgave the colleague. 22. Stress-induced mental changes, small and large, temporary and permanent. Oh no, no no...