Elon Musk
Charlie Munger

Elon Musk and SpaceX

What’s most interesting about Musk is not what he thinks but how he thinks:-SpaceX Perhaps no one embodies first-principles thinking more than Elon Musk. He is one of the most audacious entrepreneurs the world has ever seen.  I think people’s thinking process is too bound by convention or analogy to prior experiences. It’s rare that […]

big business
Thoughts

J.A. Hobson

“For big business has succeeded in imposing a wide acceptance of the view that success is a sound test and measure of a socially serviceable fitness or ability, and that large profits, even when visibly resulting from price-fixing monopoly, are a natural, a necessary, and a just incentive to the exercise of high business qualities […]

Charlie Munger
Charlie Munger

Charlie Munger

Charlie Munger believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.” Charlie Munger’s breadth of knowledge is something that is naturally part of his character but also something that he intentionally cultivates. […]

valueandprices
Charlie Munger

Mental models improves creativity

“Talking about breaking mind-sets, or creativity, or even just openness to new information is really talking about spinning new links and new paths through the web of memory. New ideas result from association of old elements in new combinations. Previously remote elements of thought suddenly become associated in a new and useful combination. When the linkage is made, the […]

Charlie munger
Charlie Munger

Charlie munger

Charlie munger If you stop to think about it, a pari-mutual system is a market. Everybody goes there and bets and the odds chance on what’s bet. That’s what happens in the stock market. Learn Continuously:  Read, Read, Read  “You don’t have to pee on an electric fence to learn not to do it” said […]

valueandprices
Charlie Munger

Curiosity Tendency Bias

Curiosity Tendency Bias – Number 6 Many things in life involve tradeoffs.  A source of what is good in life can be a source of what is bad in life. That inevitable tradeoff applies to curiosity-and there is nothing like failure and mistakes to teach a person the right approach to curiosity. The wise investor will […]

valueandprices
Blog

Paying Up Rarely Pays off

What does all this have to do with picking solid stocks? By paying close attention to the price you pay for a stock, you minimize your speculative risk, which helps maximize your total return. No one knows what a stocks speculative return will be over the next year – or even 10 years- but we […]