By
Borsgade
In an interview with Morningstar India, Mohnish Pabrai discusses Charlie Munger’s philosophy of focusing on continuous improvement and not dwelling on past performance. They talk about the friendship with both Munger and Buffett, how Pabrai handled the financial crisis, and more.
So what I found is that all of his [Munger’s] energies were focused on taking the next step forward. And they were not focused on looking back and saying wow that’s… I’ve covered a lot of distance behind me.
Anyone else looking at Charlie would say forget what’s in front of you, the daily General CEO, or whatever else, or Berkshire’s money, you dropped it today it’s fine the history is so impressive, but that’s not how he thought.
And that’s also not how Warren Buffett thinks. So I try to learn from that. So used to be like a lot of other what is normal for humans is we look back, we did well at school, or we did well in a business, or we did well at my investment fund or whatever else.
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
In this article, Michael Mauboussin argues that whenever investors value a stake in a cash-generating asset, they are essentially using a discounted cash flow (DCF) model, whether explicitly or implicitly.
In this video, Guy Spier gives a full tour of the Aquamarine office in down town Zürich. Guy walks around the office while discussing the idea and history behind the different office spaces and the library.
In this article, Aswath Damodaran delves into the complex interplay between corporate earnings reports, market expectations, and stock price movements, using Nvidia’s recent earnings announcement as a case study.
In this interview, Guy Spier covers a wide range of topics, blending practical investing advice with broader life lessons and philosophical insights. Guy emphasizes the importance of long-term thinking, personal growth, and maintaining a balanced perspective on success and happiness.
