Charles Munger: The Investing World Is Just A Morass Of Wrong Incentives, Crazy Reporting, And A Fair Amount Of Delusion

Johnny HopkinsCharles MungerLeave a Comment

During Saturday’s annual Berkshire Hathaway pilgrimage, Warren Buffett and Charlie Munger once again challenged the value of hedge funds and their managers. During the meeting Buffett said, “The huge money [in hedge funds] is in selling people the idea that you can do something magical for them”. Munger added, “The investing world is just a morass of wrong incentives, crazy reporting … Read More

Warren Buffett – How Charlie Convinced Me To Break My Cigar-Butt Investing Habit

Johnny HopkinsCharles Munger, Warren BuffettLeave a Comment

(Image Source, Huffington Post, http://www.huffingtonpost.com/john-g-taft/the-warren-buffett-effect_b_5577685.html, [Accessed 9 Feb, 2017]) One of our favorite investors at The Acquirer’s Multiple is of course Warren Buffett. As a value investor, one of the most important free investing resources is Buffett’s Berkshire Hathaway shareholder letters. Each contains hidden gems of value investing wisdom. One of my favorite gems is in the 2014 shareholder letter in which Buffett explains … Read More

Ken Shubin Stein – Follow Munger’s 3 Ways To Find Good Opportunities

Johnny HopkinsCharles Munger, Ken Shubin SteinLeave a Comment

One of our favorite investors at The Acquirer’s Multiple is Ken Shubin Stein. Ken Shubin Stein is the Founder and Portfolio Manager of Spencer Capital Management and the Chairman of Spencer Capital Holdings. Spencer Capital is a value-oriented investment management firm with a successful long-term track record investing in undervalued securities and special situations. He is also an Adjunct Professor … Read More