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 interview with our Norwegian friends over at Norges Bank, Stanley Druckenmiller explains how he learned to bet (really) big when the odds are heavily in your favor and how he is using a strategy of invest and investigate. Both inspired by his old colleague George Soros.
In this interview, Mohnish Pabrai outlines his full investment strategy, emphasizing the importance of staying within his “circle of competence” and drawing lessons from seasoned investors.
In a recent interview, Howard Marks argues that economic forecasting offers little value to investors. He notes that even top investors like Warren Buffett steer clear of relying on economic or market predictions when making decisions.
In his latest article, NYU professor Aswath Damodaran explores the common challenges faced by three types of entities that have access to assured funding: corporate venture capital, sovereign wealth funds, and green energy investments.
