가치투자355 찰리 멍거의 주식투자 조언 #27 일시적/구조적 문제 The Tao of Charlie Munger www.yes24.com #27 ENDURING PROBLEMS "An isolated example that's very rare is much easier to endure than a perfect sea of misery that never ceases." 본문 Charlie is talking about the difference between an excellent company, which might confront a major problem a few times in a span of twenty years, compared with a mediocre company, which might go from problem to problem, y.. 2020. 1. 31. 찰리 멍거의 주식투자 조언 #26 절세금융상품 The Tao of Charlie Munger www.yes24.com #26 TAX SHELTERS "In terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes... Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it." 본문 Charlie has seen incredible mistakes in investment judgeme.. 2020. 1. 30. 찰리 멍거의 주식투자 조언 #25 기다림 The Tao of Charlie Munger www.yes24.com #25 WAITING "It's waiting that helps you as an investor, and a lot of people just can't stand to wait." 본문 Blaise pascal, the seventeenth-century French mathematician, said, "All of humanity's problems stem from man's inability to sit quietly in a room alone." Charlie agrees. You have to wait for the right companyㅡone with a durable competitive advantageㅡt.. 2020. 1. 28. 찰리 멍거의 주식투자 조언 #24 투자자문사 The Tao of Charlie Munger www.yes24.com #24 INVESTMENT MANAGERS "I know one guy, he's extremely smart and a very capable investor. I asked him, 'What returns do you tell your institutional clients you will earn for them?' He said, '20%.' I couldn't believe it, because he knows that's impossible. But he said, 'Charlie, if I have them a lower number, they wouldn't give me any money to invest!'" 본문.. 2020. 1. 23. 이전 1 ··· 25 26 27 28 29 30 31 ··· 89 다음