Tag: charlie munger

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Indexing – Hugging

Article by Investment Master Class “Any program which involves complete investment of all capital at all times is not apt to be the most successful one”  Gerald Loeb “You can understand why many succumb to the pressure to “hug” the index, so […]

Circle Of Competence

Circle Of Competence

By Investment Master Class “If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter” Warren Buffett “It makes sense that if you limit your investments to […]

Value Investing

Value Investing

By Investment Master Class “Value investing is an approach to stocks that is as close as it gets to a golden rule”  Leon Levy “Buy values, not fancy names” Philip L Carrett “We know from experience that eventually the market […]

Understand

Understand

“Never invest in a business you cannot understand.” Warren Buffett “First understand the business and then understand the stock” Mario Gabelli “What I want to do is understand the business” Marty Whitman Understand “If you understand the business, you ought to […]