가치투자355 찰리 멍거의 주식투자 조언 #8 마찰비용 The Tao of Charlie Munger www.yes24.com #8 SITTING ON YOUR ASS "Sit on your ass investing. You're paying less to brokers, you're listening to less nonsense, and if it works, the tax system gives you an extra one, two, or three percentage points per annum." 본문 This important investment philosophy assumes that one is better off buying a business with exceptional business economics working in its f.. 2020. 1. 8. 찰리 멍거의 주식투자 조언 #7 그레이엄의 안전마진 The Tao of Charlie Munger www.yes24.com #7 GRAHAM'S ERROR "Ben Graham had a lot to learn as an investor. His ideas of how to value companies were all shaped by how the Great Crash and the Depression almost destoryd him... It left him with an aftermath of fear for the rest of his life, and all his methods were designed to keep that at bay." 본문 The Crash of October 29, 1929, was hard on Graham, an.. 2020. 1. 8. 찰리 멍거의 주식투자 조언 #6 청출어람 The Tao of Charlie Munger www.yes24.com #6 REVELATION "Once we'd gotten over the hurdle of recognizing that a thing could be a bargain based on quantitative measures that would have horrified Graham, we started thinking about better businesses." 본문 Benjamin Graham was the dean of value investing. He was also Warren Buffett's teacher and mentor, and in his world value investing meant buying a sto.. 2020. 1. 7. [주린이 주식 공부] 찰리 멍거의 주식투자 조언 #5. The Tao of Charlie Munger www.yes24.com #5 EASY SHOOTING "My idea of shooting a fish in a barrel is draining the barrel first" 본문 Sometimes the shortsighted stock market serves up an investment opportunity that is so obvious it is hard to resist. This usually happens when there is a stock market panic and investors are fleeing any and all invetments, even the ones with great long-term economics .. 2020. 1. 6. 이전 1 ··· 26 27 28 29 30 31 32 ··· 89 다음