One of the biggest problems facing investors is the amount of ‘noise’ that we get from the financial media and commentators. Financial news sections, the internet, and podcasts are continually bombarding us with the latest ‘hot stock’ or miracle investing strategy. Meanwhile investors get caught up in the noise checking … Read More
25 Timeless Investing Lessons From Charles Munger
One of our favorite investors here at The Acquirer’s Multiple is Charles Munger. Over the years Munger has provided us with a number of investing gems and one of the best sources of Munger’s quotes can be found in the book – Poor Charlie’s Almanack. While there are hundreds of Mungerisms … Read More
Here’s How Successful Investors Put The Odds Squarely In Their Favor – Charles Munger
One of the best investing speeches ever given was – A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business, by Charles Munger. In particular are Munger’s insights into investing in the stock market being a lot like betting at the race-track, which uses a system called … Read More
Here’s How Charlie And Warren Calculate Intrinsic Value Differently To Everyone Else
One of the biggest problems facing investors is the calculation of intrinsic value. There has been much written about the correct way to calculate intrinsic value but one of the best explanations can be found in the book Charlie Munger: The Complete Investor, by Tren Griffin. The book provides the essential … Read More
Charles Munger – It Is Ridiculous That Investors Cling On To Failed Ideas
In 2003 Charles Munger gave a great talk to the students in the Economics Department at The University of California. While his talk focused on the strengths and weaknesses in teaching academic economics he also provided a number of great lessons for investors including the importance of being able to destroy your own wrong … Read More
Charlie Munger – Great Investors Must Be Able To Adapt To A Changing Business Environment
Earlier this year Berkshire Hathaway Vice-Chairman Charlie Munger was interviewed at the 2017 Daily Journal Annual Meeting. Munger spent time answering questions on a number of subjects including deferred gratification, polymath, filial duties, and the psychology of human misjudgment. The breadth of his knowledge is quite astounding. While the interview is … Read More
How To Develop A Superinvestor Mindset Like Buffett, Munger, Neff, Loeb, Lynch and Soros
One of my favorite investing books is How To Think Like Benjamin Graham and Invest Like Warren Buffett, by Lawrence A Cunningham. One of the best pieces in the book looks at the principles applied by some of the greatest superinvestors of all time. Here’s an excerpt from the book: The … Read More
Charlie Munger Says The Investment Management System Is Bonkers – Here’s Why
One of my favorite investing tomes is Poor Charlie’s Almanack by Charles Munger. As an investor, it’s the one book you need to read on ‘rational’ investing strategy. A quick look on Amazon shows that there are fourteen used copies selling for $162.01 and one new copy for $50,000. That … Read More
Charles Munger – Still The Best Article Ever Written on Stock Picking – TAM Archives
This is still the best talk ever given on The Art of Stock Picking by Charles Munger. It’s a masterpiece in the world of value investing. The lessons that Munger provides are timeless and it’s an absolute must read for all investors. Here is an excerpt from the article, The Art … Read More
Charles Munger: The Investing World Is Just A Morass Of Wrong Incentives, Crazy Reporting, And A Fair Amount Of Delusion
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 … Read More
Warren Buffett – How Charlie Convinced Me To Break My Cigar-Butt Investing Habit
(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 … Read More
Ken Shubin Stein – Follow Munger’s 3 Ways To Find Good Opportunities
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 … Read More
“Ben Graham Had A Lot To Learn As An Investor” – Charlie Munger
One of our favorite investors at The Acquirer’s Multiple is of course Charlie Munger. Munger has one of the sharpest minds in investing. He’s incredibly insightful and his quotes are legendary, like this one: “One of the greatest ways to avoid trouble is to keep it simple. When you make it … Read More
Charlie Munger | Wall Street’s Locker Room Culture Does Enormous Damage
Charlie Munger is clearly one of the smartest investors on the planet. One of my favorite Munger interviews was one he did with the BBC (below). My favorite Munger quote from this interview is: “If you’re not willing to react with equanimity to a market price decline of 50% two or three times … Read More
Charlie Munger Presentation at CalTech – Funny & Brilliant
One of my favorite Charles Munger presentations is one that he did for the folks at Caltech. It’s a much watch for all investors.
(New Link) – Still The Best Article Ever Written on Stock Picking – Charles Munger
First of all, my apologies! Last week I published an article called, Still The Best Article Ever Written on Stock Picking by Charles Munger. Then, for some incomprehensible reason I decided to move the article. Don’t ask me why! Anyway, this lead to dozens of emails from people asking me for the … Read More
Still The Best Article Ever Written on Stock Picking – Charles Munger
In my view, this is still the best talk ever given on The Art of Stock Picking by Charles Munger. It’s a masterpiece in the world of value investing. The lessons that Munger provides are timeless and while it does take some time to read, it’s an absolute must for … Read More
What’s most often forgotten about one of the greatest Superinvestors – Charles Munger
(Image Credit, dealbook.nytimes.com) If you’re a value investing nut like me you’ll have read everything you can on Charles Munger, Warren Buffett, Rick Guerin, Tom Knapp, Ed Anderson, Stan Perlmeter, Bill Ruane and Walter Schloss. The so called “Superinvestors of Graham & Doddsville”. But, we often forget that these investing megastars had ordinary … Read More
The Psychology of Human Misjudgment – Charlie Munger (Audio & Transcript)
(Image Credit, danshipper.com) Here’s the timeless speech by Charlie Munger, given to an audience at Harvard University back in 1995. The speech is titled, “The Psychology of Human Misjudgment”. I never get tired of listening to this classic orator.