Money and Finance
Quote from Mohnish Pabrai in his ValueConferences session on investment checklists last year:
Related previous post: Charlie Munger on the balance between competency and gumption...
- The Cost Of Self-indulgence...
From Phil Fisher in Common Stocks and Uncommon Profits: ...there is a complicating factor that makes the handling of investment mistakes more difficult. This is the ego in each of us. None of us likes to admit to himself that he has been wrong. If we...
- Mohnish Pabrai On Guy Spier, Charlie Munger, And Having Another Person To Bounce Things Off Of...
From Pabrai's December 2014 talk to Sanjay Bakshi's MDI class (from about 48:13 to 53:53), and slightly edited for clarity: I had a conversation a few years back with Charlie Munger and he mentioned that he always had someone to talk to about...
- 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 On The Balance Between Competency And Gumption...
A quote from Jason Zweig's article, "A Fireside Chat With Charlie Munger," worth a post of its own: You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption...
- Mohnish Pabrai Interview Segments On The Motley Fool
Thanks to Will for passing these along. Links to: Checklist Investing: How to Avoid Errors and Learn From Mistakes The Number One Trait of a Successful Investor How Investors Should Think About the Economy The Untraditional Path of Becoming a Great Investor...
Money and Finance
The combination of being both conservative and aggressive...
Quote from Mohnish Pabrai in his ValueConferences session on investment checklists last year:
"...you have to understand that a great investor is not going to just be someone who’s super careful and super conservative. You have to have a conservative bent with an aggressive bent. Those two attributes, many times, are diametrically opposed to each other, but you need them in the same person."....................
Related previous post: Charlie Munger on the balance between competency and gumption...
- The Cost Of Self-indulgence...
From Phil Fisher in Common Stocks and Uncommon Profits: ...there is a complicating factor that makes the handling of investment mistakes more difficult. This is the ego in each of us. None of us likes to admit to himself that he has been wrong. If we...
- Mohnish Pabrai On Guy Spier, Charlie Munger, And Having Another Person To Bounce Things Off Of...
From Pabrai's December 2014 talk to Sanjay Bakshi's MDI class (from about 48:13 to 53:53), and slightly edited for clarity: I had a conversation a few years back with Charlie Munger and he mentioned that he always had someone to talk to about...
- 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 On The Balance Between Competency And Gumption...
A quote from Jason Zweig's article, "A Fireside Chat With Charlie Munger," worth a post of its own: You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption...
- Mohnish Pabrai Interview Segments On The Motley Fool
Thanks to Will for passing these along. Links to: Checklist Investing: How to Avoid Errors and Learn From Mistakes The Number One Trait of a Successful Investor How Investors Should Think About the Economy The Untraditional Path of Becoming a Great Investor...