Define your circle of competence and stay within it ... I’ll leave you with two quotes by Charlie Munger that have really stuck with me: “For compounding to work its magic, you must start early, live ...
Buffett refers to this world of businesses that he understands well enough to value as his “circle of competence ... a lot of money to commit.” Charlie Munger used to put it like this ...
With Munger’s push, Buffett began to focus on companies with a durable competitive advantage and a strong brand, or what he called a moat, while staying in his ‘circle of competence ...
Charlie Munger didn't sugarcoat it. The late vice chairman of Berkshire Hathaway, known for his no-nonsense advice on life and wealth, famously declared that building your first $100,000 is "a b****." ...
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How Charlie Munger influenced these fundies' investing livesCharlie Munger's passing at the age of 99 hit the investing world like an earthquake this week. For 45 years, Munger helped Warren Buffett transform Berkshire Hathaway from a textile manufacturer into ...
In 2022, Charlie Munger, billionaire investor and Warren Buffett's longtime partner, shared insights that reveal much about his outlook on technological progress and the pervasive role of envy in ...
Charlie Munger Says It's 'Weird' Everything's Improved By 600%, But People Are Less Happy Than When Life Was 'Brutal And Short' Jeannine Mancini Wed, Oct 16, 2024, 10:24 AM 4 min read ...
Charlie Munger called Bitcoin a scam, but he's missing the bigger picture. Learn why Bitcoin's legit and how to avoid the ...
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