David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
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David Senra on LinkedIn: Charlie Munger’s formula: “There is an old two-part rule that often…
I learned this formula for success from Charlie Munger:
1. Don’t sell stuff you don’t want to buy.
2. Don’t work for people you don’t want to become.
3. Create win-win relationships for all.
1. Don’t sell stuff you don’t want to buy.
2. Don’t work for people you don’t want to become.
3. Create win-win relationships for all.
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
Charlie detests placer mining, the process of sifting through piles of sand for specks of gold. Instead, he applies his “big ideas from the big disciplines” to find the large, unrecognized nuggets of gold that sometimes lie in plain sight on the ground.
Charles T. Munger • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Charlie Munger's 7 Iron...