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charlie munger21

I’ve never been able to predict accurately. I don’t make money predicting accurately. We just tend to get into good businesses and stay there. However, the one thing he can predict is that the stock market will have moments of wild exuberance and high stock prices, usually followed by bouts of severe depression and much lower stock prices. Can he predict with accuracy when these events will happen? No. But he does know they will happen - he just has to have the patience to let them happen.- -찰리 멍거도 못하는 시장 예측을공부 며칠하고 떠들어대는 이들은 천재란 말인가. 2019. 6. 20.
You should remember that good ideas are rare - when the odds are greatly in your favor, bet heavily. ​When are the odds in our favor? When some macroeconomic event causes stock prices to collapse, Charlie buys as much as possible. - - 2019. 6. 19.
You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing. ​A company is a mispriced gamble when the price of the stock is out of sinc with the company's long-term future economics. This mispricing can be on the upside, meaning that the stock price significantly overvalue the long-term prospects of the business. Or it may be on the downside, meaning that the stock price greatly undervalues the long-term prospects of the company.- -​Charlie, by contrast,.. 2019. 6. 18.
In the corporate world, if you have analysts, due diligence, and no horse sense, you’ve just described hell. I think what Charlie is saying is that when analysts from a rating company such as Moody's Corporation issue a new rating on a bond, while being paid millions by the Wall Street investment bank that requested the rating, we should probably be a little suspicious.- -책에서는 애널리스트에 대해 이야기 했지만,증권 전문가, 언론, 자칭 전문가 등등 의심해봐야 할 곳은 정말 많다.이 뉴스는 왜? 이 리포트는 왜? 어떤 목적으로 쓰는 걸까?전문가의 말 한마디, 뉴스 한 토막에 휘둘리지 말고 이들은 무얼 위.. 2019. 6. 17.

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