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...
- Charlie Munger Checklist Quote
Via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.…………….....
- 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...
- 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 The Return Hurdle At Berkshire...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:We don’t do a lot of involved math with schedules of investments. Certainly we expect a decent return or we don’t do it. We use a lot of experience and do it in our heads. We distrust...
Money and Finance
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 on the other side. It’s bad to have an opinion you’re proud of if you can’t state the arguments for the other side better than your opponents. This is a great mental discipline.
- 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 Checklist Quote
Via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:I’m a great believer in solving hard problems by using a checklist. You need to get all the likely and unlikely answers before you; otherwise it’s easy to miss something important.…………….....
- 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...
- 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 The Return Hurdle At Berkshire...
Via Whitney Tilson’s notes from the 2006 Wesco Annual Meeting:We don’t do a lot of involved math with schedules of investments. Certainly we expect a decent return or we don’t do it. We use a lot of experience and do it in our heads. We distrust...