You’ve inherited some money, or sold a business. What now? Most people don’t have the skill, time, or willingness to manage their own investments. One option is to entrust your funds to a professional money manager. But how to choose one? I would recommend the following checklist: 1. Skin in the gameThe first question I…
Tag: Investment Philosophy
6 Key Takeaways from Charlie Munger’s 2019 Daily Journal Annual Meeting
Charlie Munger, business partner of Warren Buffett, recently spoke at the 2019 Daily Journal Annual Meeting. You can watch the full recording here. Here are my key takeaways: #1: Fish where the fish areFor Charlie, that means China. High-quality companies in China are currently available for cheaper prices than similar companies in the USA. #2:…
Building a compounding engine
Ever since reading The Intelligent Investor many years ago, I subscribe to the “value investing” school of thought. It boils down to buying undervalued companies and being a long-term investor. What Has Worked In Investing (PDF) is a great start if you are new to the concept. Here is what I learned so far: While learning…