Money and Finance
From Poor Charlie's Almanack:
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- Missing The Forest For The Trees...
A few related quotes... From Garrett Hardin in Filters Against Folly (a book Peter Bevelin mentioned as one of the two things he re-reads every year in his 2007 interview): It is unfortunately true that experts are generally better at seeing their...
- Charlie Munger On The Importance Of Reading
From Poor Charlie's Almanack: In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time--none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at...
- East Coast Asset Management's Q2 Letter
Found via Market Folly. In our Q2 letter you will find an update on our portfolio and general market observations. Each quarter we highlight one component of our investment process - this quarter we discuss the “compounder” category, and specifically...
- It’s A Matter Of Reading And Asking Questions
A QUESTION Warren Buffett and Charlie Munger are often asked is: how do you learn to be a great investor? - “First of all,” says Charlie Munger, “you have to understand your own nature. Each person has to play the game given his own marginal utility...
Money and Finance
Charlie Munger on uncommon sense
From Poor Charlie's Almanack:
Organized common (or uncommon) sense--very basic knowledge--is an enormously powerful tool. There are huge dangers with computers. People calculate too much and think too little.Part of [having uncommon sense] is being able to tune out folly, as opposed to recognizing wisdom. If you bat away many things, you don't clutter yourself.We read a lot. I don't know anyone who's wise who doesn't read a lot. But that's not enough: You have to have a temperament to grab ideas and do sensible things. Most people don't grab the right ideas or don't know what to do with them.The more basic knowledge you have, the less new knowledge you have to get.
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- Missing The Forest For The Trees...
A few related quotes... From Garrett Hardin in Filters Against Folly (a book Peter Bevelin mentioned as one of the two things he re-reads every year in his 2007 interview): It is unfortunately true that experts are generally better at seeing their...
- Charlie Munger On The Importance Of Reading
From Poor Charlie's Almanack: In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time--none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at...
- East Coast Asset Management's Q2 Letter
Found via Market Folly. In our Q2 letter you will find an update on our portfolio and general market observations. Each quarter we highlight one component of our investment process - this quarter we discuss the “compounder” category, and specifically...
- It’s A Matter Of Reading And Asking Questions
A QUESTION Warren Buffett and Charlie Munger are often asked is: how do you learn to be a great investor? - “First of all,” says Charlie Munger, “you have to understand your own nature. Each person has to play the game given his own marginal utility...