Money and Finance
- Learning From Mistakes...
From Tren Griffin in his book Charlie Munger: The Complete Investor: Buffett has said that if you cannot explain why you failed after you have made a mistake, the business was too complex for you. In other words, Munger and Buffett like to understand...
- More Notes From The Daily Journal Annual Meeting (four Parts)
Link to: Part 1 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 2 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 3 - Charlie Munger And The 2014 Daily Journal Annual...
- Charlie Munger On Rationality...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:What is the central theme that the people in this room represent? I’d argue that it’s rationality rather than to make more money than other people. I’d argue that rationality is a high...
- Charlie Munger On Leucadia And Telecom...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible. I look at telecom...
- Charlie Munger On Berkshire's 15 Best Deals...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:The reason I keep talking about the record without the 15 best deals is that it shows how few deals you need in a lifetime. The people who need a deal every month, by and large, they all...
Money and Finance
Charlie Munger on a macro mistake...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:
Cort benefited from the venture-capital-financed, new-company boom. You could argue that we made a macro mistake. These companies went away for a while and Cort was affected.
- Learning From Mistakes...
From Tren Griffin in his book Charlie Munger: The Complete Investor: Buffett has said that if you cannot explain why you failed after you have made a mistake, the business was too complex for you. In other words, Munger and Buffett like to understand...
- More Notes From The Daily Journal Annual Meeting (four Parts)
Link to: Part 1 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 2 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 3 - Charlie Munger And The 2014 Daily Journal Annual...
- Charlie Munger On Rationality...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:What is the central theme that the people in this room represent? I’d argue that it’s rationality rather than to make more money than other people. I’d argue that rationality is a high...
- Charlie Munger On Leucadia And Telecom...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible. I look at telecom...
- Charlie Munger On Berkshire's 15 Best Deals...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:The reason I keep talking about the record without the 15 best deals is that it shows how few deals you need in a lifetime. The people who need a deal every month, by and large, they all...