Charlie Munger

[winston]

"The best thing a human being can do, is to help another human being know more."

- Charlie Munger

[behappyalways]

Munger Says Prepare for Harder World as Buying Power Slides
http://www.bloomberg.com/news/articles/ ... wer-slides


Munger Mocks Greek ‘Idiotic Idea’ You Can Vote Yourself Rich
http://www.bloomberg.com/news/articles/ ... rself-rich

[winston]

Who’s the Real Genius at Berkshire Hathaway?

By Kyle Ferguson

Source: GuruFocus

http://www.thetradingreport.com/2015/11 ... -hathaway/

[winston]

Charlie Munger on How to Reduce Errors in Life

By Brian Flores

Source: Guru Focus

http://www.thetradingreport.com/2016/02 ... s-in-life/

[winston]

Some of Poor Charlie’s Almanack’s Best Quotes

By Brian Flores

Munger talks about the most desired qualities of an investor: preparedness, patience and decisiveness.

It is only by being prepared that one recognizes opportunities as they come along. Patience is a requisite to avoid wasting bullets with mediocre opportunities and decisiveness to act promptly and bet heavily when it is required.

Source: Guru Focus

http://www.thetradingreport.com/2016/03 ... st-quotes/

[behappyalways]

Munger: Donald Trump's behavior reflects a 'form of sickness'
http://finance.yahoo.com/news/munger--d ... 0579.html#

[winston]

The single most important question investors should ask themselves

By Morgan Housel

Let’s agree on three things:

You have lots of beliefs.
You don’t know everything.
Therefore, some of those beliefs are incomplete, misguided, or wrong.

When something is simple but difficult to achieve, the right question to ask isn’t, “What can I learn to help me get better?” It’s, “What belief is getting in my way that I should let go of?”

It’s when you should ask, “What do I strongly believe that’s likely wrong?”

Source: Yahoo Finance

http://finance.yahoo.com/news/the-singl ... 21941.html

[winston]

5 things I’ve learned from Charlie Munger

By David Clark

Source: Market Watch

http://www.marketwatch.com/story/5-thin ... yptr=yahoo

[winston]

3 Quotes on Investing from Warren Buffett's Right-Hand Man, Charlie Munger

by Ryan McQueeney

Regardless of your IQ, we are all susceptible to our personal biases, and we must always work to mitigate their influences over our portfolios.

For most people, the goal of investing is to steadily accrue profits over time in order to provide a better future for themselves. That’s a task that requires patience.

KISS: Keep it simple, stupid.

Source: Zack's

https://finance.yahoo.com/news/3-quotes ... 04040.html

[winston]

Charlie Munger's Checklist for Investing

by Nicholas Vardy

No. 1: Treat a share of stock as a proportional ownership of the business.
No. 2: Buy at a significant discount to intrinsic value to create a margin of safety.
No. 3: Make Mr. Market your servant rather than your master.
No. 4: Be rational, objective and dispassionate.

Source: The Oxford Club