Money and Finance
From Tren Griffin in his book Charlie Munger: The Complete Investor:
- 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,...
- Observing What Works And What Doesn't And Why...
From Tren Griffin in his book Charlie Munger: The Complete Investor, which it appears will now be released at the end of this week instead of next month. So if you haven't ordered your copy yet, you can order it HERE and may even get it by the end...
- A Few Notes From The Berkshire Hathaway Annual Meeting
I'll put up some of the better transcripts that start to appear over the next few days, but until then, here are a few highlights from the notes that I took during the meeting. These are based on my scribbling and aren't exact quotes, just summaries...
- Buffett, Munger, And Gates On Fox Business
Link to videos: Buffett on Performance of Berkshire, Future Leadership Buffett : Agree With Administration’s Use of Buffett Rule Buffett: Euro Idea Was a Mistake Buffett and Gates on Tech Investing Munger: I Plan to Be at Berkshire Meeting Next Year...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...
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 why they made a mistake so they can learn from the experience. If you cannot understand the business, then you cannot determine what you did wrong. If you cannot determine what you did wrong, then you cannot learn. If you cannot learn, you will not know what you’re doing, which is the real cause of risk.
"Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not celebrate stupidities in both categories?" —CHARLIE MUNGER, WESCO ANNUAL MEETING, 2006
- 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,...
- Observing What Works And What Doesn't And Why...
From Tren Griffin in his book Charlie Munger: The Complete Investor, which it appears will now be released at the end of this week instead of next month. So if you haven't ordered your copy yet, you can order it HERE and may even get it by the end...
- A Few Notes From The Berkshire Hathaway Annual Meeting
I'll put up some of the better transcripts that start to appear over the next few days, but until then, here are a few highlights from the notes that I took during the meeting. These are based on my scribbling and aren't exact quotes, just summaries...
- Buffett, Munger, And Gates On Fox Business
Link to videos: Buffett on Performance of Berkshire, Future Leadership Buffett : Agree With Administration’s Use of Buffett Rule Buffett: Euro Idea Was a Mistake Buffett and Gates on Tech Investing Munger: I Plan to Be at Berkshire Meeting Next Year...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...