The Legends Speak

In 1949, Charlie Munger was 25 years old. He was hired at the law firm of Wright & Garrett for $3,300 per year, or $29,851 in inflation-adjusted dollars as of 2010. He had $1,500 in savings, equal to $13,570 now. A few years later, in 1953, Charlie was 29 years old when he and his

Simple advice on risk management: “But really, it’s knowing you can have a very bad day. Do not live your life in such a fashion that a bad day can kill you.”

Charlie Munger’s wisdom will continue to spread forever. He is a big inspiration and role model for many investors. Here are 12 insights from Charlie himself: 1. Understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things.  2. In my whole adult

Warren Buffett loves Return on Equity (ROE). But every ratio or formula has its pros and cons. ROE is no different. Here are 5 pros and 5 cons ⬇️ Return on Equity (ROE) is a financial ratio that measures a company’s profitability and efficiency by assessing how effectively it utilizes shareholders’ equity.  We can measure

Here are 5 pages of quotes from my recent podcast with Dan O’Keefe (two-time Morningstar International Stock-Picker of the Year). Read them and let me know which one is your favorite…The one that resonates most with you or the one that is getting you thinking the most. Continue reading here.

In this excerpt from his annual letter, investing great Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by most market participants.” * * * The Forgotten Lessons of 2008 One might have expected that the near-death experience of most investors in 2008

Buffett on the 4 characteristics of a wonderful business:

Warren Buffett: How to calculate intrinsic value