Tuesday, August 22, 2017 Text is available under the CC BY-SA 3.0 licence.

Charlie Munger


Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.
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Charlie Munger
You have to learn all the big ideas in the key disciplines in a way that theyíre in a mental latticework in your head and you automatically use them for the rest of your life. If you do that, I solemnly promise you that one day youíll be walking down the street and youíll look to your right and left and youíll think "my heavenly days, Iím now one of the few competent people in my whole age cohort." If you donít do it, many of the brightest of you will live in the middle ranks or in the shallows.
Munger quotes
Both Warren & I insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. So Warren and I do more reading and thinking and less doing than most people in business.
Munger
Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us.




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