Charlie Munger
Tag Archive
(Excerpt from Charlie Munger’s ‘Bag of Tricks’) “We have a very peculiar way of looking at things. We want to buy something that’s intrinsically a very good business, meaning that an idiot could run it and...
October 28, 2020|
Investing
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(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) He Charlie Munger claimed that his best ideas haven’t done better than others’ best ideas, but he’s lost less on his worst...
April 11, 2020|
Fallibility, Inversion, Investing, Via Negativa
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“Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.” Charlie Munger...
September 16, 2019|
Inversion
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If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on...
September 8, 2019|
Investing, Nonlinearity
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“It is 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. There must be some wisdom in the folk saying, ‘It’s the...
September 8, 2019|
Via Negativa
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