Charlie Munger, Berkshire Hathaway Lacy O’ Toole | CNBC Editor's note: This is Pro Strategy, a column on how to use the philosophies of the smartest minds on Wall Street to generate quality investment ideas. BillionaireCharlie Mungeris one of the most celebrated investors in the world and ...
John Szramiak
Here’s what Berkshire Hathaway’s Balance Sheet looked like in 1964 as Buffett Took Control. Warren Buffett’s 2014 letter to shareholders tells the amazing story of Buffett buying Berkshire Hathaway. At the time Warren’s investing style, taught by Ben Graham, was to look for “cigar… ...
In this blog post we will dive deep into the concept of personal knowledge management, also known by the acronym: PKM. I would like to elaborate on the following subjects surrounding PKM including: A way of applying personal knowledge management is Zettelkasten, which I have written about in ...
Investors might be tempted to think of Costco like any other retail chain. But its "real" business is selling memberships. Its merchandise sales are incredibly high volume, but with razor-thin profit margins -- the goal is to sell products to its members at the cheapest ...
(Charlie Munger) If you go looking for Cathie Wood's predictions of the future on platforms likeYouTube you'll find the most click-baity, FOMO-obsessed collection of attractions. It's important to note that none of these are from Cathie Wood or ARK Invest directly. But it's like she ...
43. “It hurts like hell when the world won't invest in you. But it's excruciating, almost more than you can bear when you don't believe and invest in yourself.”— Julia Cameron 44. “Be passionate and bold. Always keep learning. You stop doing useful things if you don’t learn....
These innovations should revolutionize the financial industry, impacting every sector of the global economy. Space Exploration Seeks to provide exposure to companies involved in space-related businesses like reusable rockets, satellites, drones, and other orbital and sub-orbital aircrafts. These innovations...
My retirement savings is at about $350,000. Not the best, but apparently I’m in good company since most Americans don’t have that amount. I often wonder though — how much is enough? Like most people I’m tired of my job. My last child will be entering college next year, so my...
There is nothing like actually having a little experience in investing. And you soon find out whether you like it. If you like it, if it turns you on, you know, you’re probably going to do well on it. And the earlier you start, the better, in terms of reading. ...