or." - John Malone "Ideas are commodity. Execution of them is not." - Michael Dell "The only duty of a corporate executive is to widen the moat." - Charlie Munger "Discovering the object of the game IS the object of the game." - Daniel Schorr, The Game "Always analyse the downside and structure everything so

kely take longer to achieve our hoped-for outcome, and the eventual upside might be lower, but we are confident that patience will be rewarded. As Charlie Munger says when it comes to investing: "It's not supposed to be easy. Anyone who finds it easy is stupid." After almost seven years where WAM caught a lo

Easy In 2011, as I was putting the finishing touches on my book The Most Important Thing, I was fortunate to have one of my occasional lunches with Charlie Munger. As it ended and I got up to go, he said something about investing that I keep going back to: "It's not supposed to be easy. Anyone who finds it ea

nager has lost his/ her way or possibly was nothing more than lucky for the first nine years. However, this track record belongs to none other than Charlie Munger and runs from 1962 to 1975. At the end of 1975, he shut down his investment partnership and went on to become vice chairman of Berkshire Hathaway, w

ty contest. http://en.wikipedia.org/wiki/Keynesian_beauty_contest Some people make money speculating, but its not really my game since I follow the Charlie Munger school of thought on that point. EFTA00671241 It is not possible to invest in Bitcoins per se since they have no intrinsic value. Compendium (aga