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Buffet, Lynch and other legends - Investing Strategies
 The Equity Desk Forum :Market Strategies :Buffet, Lynch and other legends - Investing Strategies
Message Icon Topic: Mungerisms: Words of Wisdom from Charlie Post Reply Post New Topic
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manishdave
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Quote manishdave Replybullet Posted: 01/Apr/2007 at 5:27am
Sometimes interdiciplinary does wonders. Before Apple, computers had dull single type of fonts. But somehow Steve Jobs had done course on calligraphy and had knowledge of computers and we have this wonderful things. Otherwise all computer genius people would have no idea that there is other font too. It is different thing that MS copied apple and did better marketing.
 
This is really interesting piece of read. It is not related to WB or Charlie and amin can move it at right place:
 
 
 
On WB's cigar butt investing style Charlie said that WB is smart enough to come out of that mental block. His influence was just to faten it. I think Charlie is not just being humble(he never tries to), but he is right.
 


Edited by manishdave - 01/Apr/2007 at 5:27am
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kulman
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Quote kulman Replybullet Posted: 06/Apr/2007 at 10:01am

"Investing is where you find a few great companies and then sit on your ass." Charlie Munger's comments at the Berkshire Hathaway 2000 Annual Meeting

"If you took out our 15 best ideas, most of you wouldn't be here" Charlie Munger's comments at the Berkshire Hathaway 2001 Annual Meeting
 
 
 
 
Life can only be understood backwards—but it must be lived forwards
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basant
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Quote basant Replybullet Posted: 06/Apr/2007 at 10:22am
"If you took out our 15 best ideas, most of you wouldn't be here"
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This one needs to be framed. It does not require 100 companies to make a lot of money in the markets because finally the number of stocks that do it for us would be less then 5 and we better make sure we have enough in them at the starting block!!!
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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tigershark
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Quote tigershark Replybullet Posted: 07/Apr/2007 at 4:22pm
that is exactly the problem!
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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kulman
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Quote kulman Replybullet Posted: 08/Apr/2007 at 1:08pm
A foreign correspondent said to us, “You don’t seem smart enough to be doing so much better than the rest of us.”  We said we know the edge of our competency better than most people do.  It’s not a competency if you don’t know the edge of it.---Charlie Munger's comments at the Berkshire Hathaway 2006 Annual Meeting
Life can only be understood backwards—but it must be lived forwards
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Mohan
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Quote Mohan Replybullet Posted: 08/Apr/2007 at 9:18am
Basantji,
Yeh Charles Munger ki baate log sunne lage toh TV18 aur doosre business channel will be out of business. What will they fill their programs with.
 
 
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"Investing is where you find a few great companies and then sit on your ass." Charlie Munger's comments at the Berkshire Hathaway 2000 Annual Meeting

"If you took out our 15 best ideas, most of you wouldn't be here" Charlie Munger's comments at the Berkshire Hathaway 2001 Annual Meeting


Edited by Mohan - 08/Apr/2007 at 9:21am
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Ajith
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Quote Ajith Replybullet Posted: 08/Apr/2007 at 10:06am
 IF not the noise from the business channels then the smooth talk from the brokers will make you forget the pearls of wisdom from Buffet and Munger  and Phil Fisher(for tech) .Just stick to it unless you are clearly wrong-thats all I have learnt in practice.
Ajith
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Mohan
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Quote Mohan Replybullet Posted: 08/Apr/2007 at 10:24am
Arrey , Yeh Brokeron ko tho main bhulhi gaya....
Thanks Ajithji
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