More investing Wisdom...
Just read this on investor irrationality.... Good stuff.
Also printed this one from Charlie Munger .. Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs This is a speech he gave to the economics department at UCSB last Oct. (I try to read everything from Munger.. he is brilliant)
"When Warren took over Berkshire, the market capitalization was about ten million dollars. And forty something years later, there are not many more shares outstanding now than there were then, and the market capitalization is about a hundred billion dollars, ten thousand for one. And since that has happened, year after year, in kind of a grind-ahead fashion, with very few failures, it eventually drew some attention, indicating that maybe Warren and I knew something useful in microeconomics. "
Also printed this one from Charlie Munger .. Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs This is a speech he gave to the economics department at UCSB last Oct. (I try to read everything from Munger.. he is brilliant)
"When Warren took over Berkshire, the market capitalization was about ten million dollars. And forty something years later, there are not many more shares outstanding now than there were then, and the market capitalization is about a hundred billion dollars, ten thousand for one. And since that has happened, year after year, in kind of a grind-ahead fashion, with very few failures, it eventually drew some attention, indicating that maybe Warren and I knew something useful in microeconomics. "
posted by Chris Morse at
1:34 PM
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home