David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
linkedin.com
David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
The way to win [in the markets] is to work, work, work, work and hope to have a few insights. How many insights do you need? Well, I'd argue: that you don't need many in a lifetime. If you look at Berkshire Hathaway and all of its accumulated billions, the top ten insights account for most of it.
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
“Take a simple idea and take it seriously.”
—Charlie Munger
Doing a few sets of pushups each day is a simple idea.
Saving at least 10% of your income is a simple idea.
Sending Thank You notes is a simple idea.
...but most people don't take simple ideas seriously.
—Charlie Munger
Doing a few sets of pushups each day is a simple idea.
Saving at least 10% of your income is a simple idea.
Sending Thank You notes is a simple idea.
...but most people don't take simple ideas seriously.