Charlie Munger, the esteemed Vice Chairman of Berkshire Hathaway, is known for his investment acumen and his indispensable role in building an investment empire alongside Warren Buffett. Munger attributes their phenomenal success to a set of fundamental ideas that guide their investment decisions. Below are the 10 key principles:
1. Consider Opportunity Costs -...
The quotes with a bit more detail and context:
About active stock trading & related courses:
If you take the modern world where people are trying to teach you how to come in and trade actively in stocks. Well I regard that as roughly equivalent to trying to induce a bunch of young people to start off on heroin. It is really stupid.
And when you’re already...