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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 and extra one, two, or three percentage points per annum. Munger
It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities. Munger Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher 5, 10 or 20 years from now. WB (BH 1996)
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I wrote newsletters for almost 10 years (2014 - 23) for publication on ADVFN. Here you can find old newsletters in full. I discussed investment decisions, basics of value investing and the strategies of legendary investors. Archives
October 2020
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