In a recent interview titled – Inner Conversations with the Titans, Charlie Munger, Stewart Resnick, and Dick Ridordan sat down with Dr Sabrina Kay to discuss life, wealth, and the future. During the interview Munger was asked how he makes successful investment decisions. Here’s an excerpt from the interview:
Q. How do you make those decisions, investment decisions?
Munger: I have a very simple system. I call it organized uncommon sense. All I do is take conventional sense and strip the asininity out of it and now I have uncommon sense. Because most people use conventional sense instead of uncommon sense. So my whole method of operation is just to avoid asininity. I don’t succeed a hundred percent but I succeed more than most.
You can watch the full discussion here:
For all the latest news and podcasts, join our free newsletter here.
Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple: