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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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 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
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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 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
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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 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!!!
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'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
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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 Posted: 07/Apr/2007 at 4:22pm |
that is exactly the problem!
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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
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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 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
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Life can only be understood backwards—but it must be lived forwards
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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 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
Senior Member
Joined: 06/Aug/2006
Location: India
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Posts: 1284
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 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.
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Ajith
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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 Posted: 08/Apr/2007 at 10:24am |
Arrey , Yeh Brokeron ko tho main bhulhi gaya....
Thanks Ajithji
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