Money and Finance
- 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...
- Stretching For The Right People...
Comment from Charlie Munger about Iscar, via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:It’s not a Ben Graham stock – in fact, it would be the ultimate non-Ben Graham stock. It’s located a few miles from the Lebanese border in Israel....
- Charlie Munger On Destroying Your Best Loved Ideas...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:The ability to destroy your ideas rapidly instead of slowly when the occasion is right is one of the most valuable things. You have to work hard on it. Ask yourself what are the arguments...
- Charlie Munger On Inflation And Interest Rates
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:I have never believed that interest rates have a perfect correlation to inflation. I think there’s some relation, but it’s complex and not easily quantifiable.………………. And,...
- 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...
Money and Finance
Charlie Munger on being an exemplar
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:
I think people have a duty when they rise high in life to be exemplars. A guy who rises high in the Army or becomes a Supreme Court justice is expected to be an exemplar, so why shouldn’t a guy who rises high in a big corporation act as an exemplar and not take every last penny?It’s not a problem we’ve had at Berkshire, but look at how far it’s spread. We have about two imitators. [Laughter]
- 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...
- Stretching For The Right People...
Comment from Charlie Munger about Iscar, via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:It’s not a Ben Graham stock – in fact, it would be the ultimate non-Ben Graham stock. It’s located a few miles from the Lebanese border in Israel....
- Charlie Munger On Destroying Your Best Loved Ideas...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:The ability to destroy your ideas rapidly instead of slowly when the occasion is right is one of the most valuable things. You have to work hard on it. Ask yourself what are the arguments...
- Charlie Munger On Inflation And Interest Rates
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:I have never believed that interest rates have a perfect correlation to inflation. I think there’s some relation, but it’s complex and not easily quantifiable.………………. And,...
- 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...