• Get into great businesses
    Oct 9 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

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    3 mins
  • Real working strategy of BRK
    Oct 7 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

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    4 mins
  • Normal investment managers have their limits
    Oct 5 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

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    1 min
  • Why Mr Munger is not a strict follower of Mr Graham
    Oct 3 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

    Show more Show less
    5 mins
  • How does Mr. Market behave
    Oct 1 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

    Show more Show less
    2 mins
  • Why did Ben Graham’s strategy work and why does it still work
    Sep 29 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

    Show more Show less
    2 mins
  • You probably can’t make big money by doing rotation
    Sep 27 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

    Show more Show less
    1 min
  • Why the market dysfunctional
    Sep 25 2024

    We have covered quite a few quotes from Charlie Munger. Picking up lessons here and there and trying to integrate them into your thinking won’t be easy. Not only do we need to learn from the best, but we also want to understand their systems and frameworks. From there, we can develop our own checklists and systems, aiming for the best possible outcomes from our learning.


    But why people, especially the best professionals, who may rely one this to make money, share their business secrets with strangers. I think so till I found a speech wrote by the investing Guru Charlie Munger. And I quickly read it. It is real, and in my opinion, no article can’t be better than that, or remotely comparable. It may take 60 years of day in and day out learn to achieve that level of mastery.


    So, for the next many episodes, I will share my learnings from reading just that. I have long wanted to do this, but I didn’t feel I knew enough to do it properly. Especially because I don’t think I would do it again, and these episodes will be listened to by my daughter and sons when they grow up. I have to do it the right way, with quality.


    Although I don't think I am, by any means, comparable to their understanding of the art of stock picking, I have read hundreds of investing books, many books written about them, and all the letters they wrote to their stockholders. I've also listened to many of their interviews and attended stockholders meetings. I know the deals they've done right, as well as some they've admitted were mistakes. There are also some they haven't recognized as mistakes, but I have my own thoughts on what likely would be considered errors. So I believe I do know something and have some insights to share.


    Here is the link. You really want to read the transcript as well. https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf

    Show more Show less
    2 mins