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...
- Links
Jason Zweig on Charlie Munger's comments at the Daily Journal Annual Meeting (LINK) Bloomberg on Charlie Munger's comments at the Daily Journal Annual Meeting (LINK) Guy Spier on Bloomberg TV discussing his book The Education of a Value Investor (H/T...
- 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 The Insurance Business And Ethical Limits
Via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:Views on the insurance business and ethical limits I don’t think the insurance business will be that great for most people in it. I think we will do way better. We have great people....
- Daily Journal Tells Sec Munger Knows Best Buying Stocks
Charles Munger’s Daily Journal Corp. (DJCO) told regulators that selling Treasuries and jumping into stocks was the safe move for the publisher in the financial crisis. “The board recognized that this decision would be contrary to the conventional...
Money and Finance
Munger and POSCO
As a follow-up to the post about the Daily Journal Holdings becoming public (HERE), here’s a comment from Charlie Munger about POSCO at the 2007 Wesco Annual Meeting:
I would argue that what POSCO does is not a commodity business at all – it’s a high-tech business. They learned from Nippon Steel and they’re now even more advanced. I’d argue that if you have the most technologically advanced steel company in the world making unusual, [non-commodity] stuff, then business can be quite attractive for a long time.
- 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...
- Links
Jason Zweig on Charlie Munger's comments at the Daily Journal Annual Meeting (LINK) Bloomberg on Charlie Munger's comments at the Daily Journal Annual Meeting (LINK) Guy Spier on Bloomberg TV discussing his book The Education of a Value Investor (H/T...
- 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 The Insurance Business And Ethical Limits
Via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:Views on the insurance business and ethical limits I don’t think the insurance business will be that great for most people in it. I think we will do way better. We have great people....
- Daily Journal Tells Sec Munger Knows Best Buying Stocks
Charles Munger’s Daily Journal Corp. (DJCO) told regulators that selling Treasuries and jumping into stocks was the safe move for the publisher in the financial crisis. “The board recognized that this decision would be contrary to the conventional...