Charlie Munger, the longtime vice chairman of Berkshire Hathaway and the closest investing partner of Warren Buffett, was widely known as one of the most influential thinkers in modern investing. A lawyer by training, he helped build Berkshire’s investment philosophy by encouraging a shift from buying merely cheap companies to investing in high-quality businesses with…
“Know what you own, and know why you own it.” –Peter Lynch LiveMint’s quote of the day is by Peter Lynch, the legendary investor known for exceptional returns and a straightforward, accessible approach to stock picking. Lynch transformed how many everyday investors view the market — his philosophy, often distilled into pithy, actionable advice, remains…
Quote of the day by Ray Dalio: The billionaire hedge fund manager and founder-chairman of Bridgewater Associates LP has some advice for organizations and leaders looking to draw on the talents of their teams. Ray Dalio believes organizations can benefit from a culture of radical transparency as it is more comfortable for teams, than “the…
Charlie Munger, the late vice-chairman of Berkshire Hathaway and the “architect” of Warren Buffett’s investment philosophy, was a staunch advocate for the Latticework of Mental Models — a framework for thinking that combines multiple cross-disciplinary models to improve decision-making, problem-solving, and understanding of complex systems. Advocating for the virtue of reading, Munger said, “In my…
