Money and Finance
- 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 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...
- Nassim Taleb Quote
“Trial and error has one overriding value people fail to understand: it is not really random, rather, thanks to optionality, it requires some rationality. One needs to be intelligent in recognizing the favorable outcome and knowing what to discard....
- Investment Nuggets
Though not the most recognised public face of Berkshire Hathaway, Charlie Munger’s contributions to the philosophy of value investing cannot be overlooked. Notably, Warren Buffet credits Munger with Berkshire’s investments in high quality companies...
- What Will This Blog Be About?
I suppose a logical first post on a blog would be to describe the general direction it will take. So, what will this blog be about? Will it be about investing? Of course. Will it be about value investing? Of course. Will it include a whole lot of other...
Money and Finance
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 moral duty. It’s the idea the binds us all together. I think that is a reallygood idea. It requires that you avoid taking in a lot of the nonsense that’s conventional in your time. There’s always a lot of nonsense in anyone’s time. It requires gradually developing systems of thought that improve your batting average and thinking correctly.
- 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 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...
- Nassim Taleb Quote
“Trial and error has one overriding value people fail to understand: it is not really random, rather, thanks to optionality, it requires some rationality. One needs to be intelligent in recognizing the favorable outcome and knowing what to discard....
- Investment Nuggets
Though not the most recognised public face of Berkshire Hathaway, Charlie Munger’s contributions to the philosophy of value investing cannot be overlooked. Notably, Warren Buffet credits Munger with Berkshire’s investments in high quality companies...
- What Will This Blog Be About?
I suppose a logical first post on a blog would be to describe the general direction it will take. So, what will this blog be about? Will it be about investing? Of course. Will it be about value investing? Of course. Will it include a whole lot of other...