Charlie Munger, business partner of Warren Buffett, recently spoke at the 2020 Daily Journal Annual Meeting. You can watch the full recording here. It turned out to be a great one, full of wisdom and juicy punches. A 96 year-old with a sharp mind and snappy tongue! Takeaways: #1: Take the high road, because it’s…
Tag: Deferred gratification
Deferred gratification
Recently I watched this Q&A with Charlie Munger. Pure wisdom, and two hours very well spent. He talked about a key principle of (value) investing: Deferred gratification We live in a world of instant gratification. It’s very hard to get rich if you eat your seeds, instead of planting them. That’s what makes value investors…