And we try and avoid that by making these negative comments. Recent from this Author. And if they find anything sound, they just cut away everything else. In your reports and other writings, Mr. And people were coming in who were temperamentally and intellectually designed so they were going to cut it out.

outstanding investor digest charlie munger

Uploader: Shakabei
Date Added: 26 January 2014
File Size: 53.24 Mb
Operating Systems: Windows NT/2000/XP/2003/2003/7/8/10 MacOS 10/X
Downloads: 64202
Price: Free* [*Free Regsitration Required]

Gillette and Coke munnger fairly low-priced items and have a tremendous marketing advantage all over the world. Morningstar India Private Limited; Regd. But It frequently does work. And you may find one or two or three in a long lifetime that are very good. But there are very, very, very few businesses like that. Munger and Buffett have proved that it works.

The ideal business is one that earns very high returns on capital and could keep using lots of capital at those high returns. And people were charlue in who were temperamentally and intellectually designed so they were going to cut it out. We hate that kind of a business.

Charlie Munger: Look For Businesses Using The Cancer Surgery Formula

But it frequently does work. The person who got the highest score actually knew the answers ingestor three of the questions — and all the others he just guessed. And the average I. One is the business where the whole reported profit just sits there in surplus cash at the end of the year.


Charlie Munger: Look For Businesses Using The Cancer Surgery Formula

And they suffered huge losses. Notify me of new posts by email. He could write poetry in Latin. Q of those at the meeting was certainly above That is a model you want to look for. Please login or register to post a comment.

outstanding investor digest charlie munger

One doesn’t need to be an academic to tap these different models, including the modern Darwinian synthesis model from biology or cognitive misjudgment models from psychology. Newer Post Older Post Home.

An Important Lesson From Ben Graham by Charlie Munger

Go down and stay down when you get your first, digeest, or third severe reverse in the battle of life. Global investors see value in India.

Recent from this Author. The answer was that Graham was a very brilliant man. Your email address will not be published. And they practically all use the following formula — I call it the cancer surgery formula. He spoke fluent Greek and Latin. In a edition of The Outstanding Investor Digest, Charlie Munger recounted the types of business models that he and Warren Buffett like to invest in. Is that a dugest statement, Charlie? The story is dubbed an important real life lesson from Ben Graham.


Buckeye on September 22, And I was wondering if these statements are at odds, or if they are two sides of the same coin? Munger once said, “It’s kind dharlie fun to sit there and outthink people who are way smarter than you are because you’ve trained yourself to be more objective and more multidisciplinary.

outstanding investor digest charlie munger

Robert Goldsborough, fund analyst on the passive funds research team, wrote this piece for Morningstar.