Charlie Munger: Great Investors Remain Rational, Objective, and Dispassionate

Johnny HopkinsCharles Munger, Investing PsychologyLeave a Comment

Here’s some great Charlie Munger quotes from the book Charlie Munger: The Complete Investor, by Tren Griffin. Munger is highlighting the importance of investors remaining rational, objective, and dispassionate: Rationality is not just something you do so that you can make more money; it’s a binding principle. Rationality is a … Read More

Charles Munger: Munger’s Rule!

Johnny HopkinsCharles MungerLeave a Comment

Every time we listen to Charles Mungers’ famous speech titled – The Psychology of Human Misjudgement, we learn something new. One example is Munger’s example of the problem with having a ‘Board of Directors’ in American companies, saying: Finally the institution of the board of directors of a major human … Read More

Charles Munger: If Mozart Can’t Get By With This Kind Of Asinine Conduct I Don’t Think You Should Try

Johnny HopkinsCharles MungerLeave a Comment

Here’s some more classic Munger. During his USC Law Commencement Speech, Munger provides some insights into counteracting the self serving bias, which includes overspending ones income, saying: (6:38) “Another thing of course that does one in is the self-serving bias to which we’re all subject.” “You think that your ‘little me’ is entitled … Read More