가치투자355 찰리 멍거의 주식투자 조언 #31 주식을 소유하는 것은 기업을 소유하는 것이다 The Tao of Charlie Munger www.yes24.com #31 OWNERSHIP OF A BUSINESS "View a stock as an ownership of the business and judge the staying quality of the business in terms of its competitive advantage." 본문 Benjamin Graham, the dean of value investing, looked at owning a stock as owning part of a business. If we look at investing from the standpoint of buying a fracional interest in a business, we c.. 2020. 2. 6. 찰리 멍거의 주식투자 조언 #30 장기투자 The Tao of Charlie Munger www.yes24.com #30 A FEW GOOD COMPANIES "If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But, if you can buy a few great companies, then you can sit on your ass. That's a good thing." 본문 We touched on this point earlier, but it is so important that we will go o.. 2020. 2. 5. 찰리 멍거의 주식투자 조언 #29 '확실하지 않으면 승부를 걸지 마라' 이런 거 안 배웠어? The Tao of Charlie Munger www.yes24.com #29 UNDERSTANDING THE ODDS "Move only when you have the advantageㅡyou have to unerstand the odds and have the discipline to bet only when the odds are in your favor." 본문 Here is where it gets counterintuitive. To understand this piece of advice, you need a little bit of "Charlie history." In the late 1960s both Charlie and Warren had their own hedge fund. .. 2020. 2. 4. 찰리 멍거의 주식투자 조언 #28 로우리스크 하이리턴 The Tao of Charlie Munger www.yes24.com #28 SUPRISES "Favorable surprises are easy to handle. It's the unfavorable surprise that cause the trouble." 본문 Prepare for the worst, and hope for the best. It is always wise to be prepared for the worst. Benjamin Graham's "margin of safety" was devised to protect us from the worst. When it comse to stocks, Charlie lie thinks of the margin of safety in te.. 2020. 2. 3. 이전 1 ··· 24 25 26 27 28 29 30 ··· 89 다음