1. Think of yourself as owning a business and not buying something that wiggles around in price.
2. Your attitude toward the market.
3. The margin of safety. Don’t try to drive a 9800 pound truck over a bridge that says “Capacity: 10000 pounds.” Go down the road and find one that says “Capacity: 15000 pounds.”
How to become the best and most successful investor by the billionaire value investor Charlie Munger
Charlie Munger and Li Lu interviewing with Weekly in Stock August 2018 Charlie Munger is 95 year old. Long-term value investing instead of gambling Philosophy: Find a good investment and stay with it for a […]