Wealth of Nations
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Adam Smith: The Origin and Use of Money

Adam Smith (1723 – 1790) was a Scottish moral philosopher and a pioneer of political economics who’s best known for writing An Inquiry into the Nature and Causes of the Wealth of Nations (A.D. 1776). “[I]t is but a very small part of a man’s wants which the produce of his own labor can supply. He supplies the […]

Charlie Munger

Mental Models and Techniques

So let’s briefly review what kind of models and techniques constitute this basic knowledge that everybody has to have before they proceed to being really good at a narrow art like stock picking. First there’s mathematics. Obviously, you’ve got to be able to handle numbers and quantities—basic arithmetic. And the great useful model, after compound […]


Tips From Master Investors

1. “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.” — Warren Buffett 2. “A business that makes nothing but money is a poor business.” — […]

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