Charlie Munger Isn’t Impressed with Donald Trump

Charlie Munger has never been a particular fan of Donald Trump. According to Yahoo! Finance: “I think [Trump] deserves some credit, but a lot of it just happened,” says Munger, 95, in his first interview after the Berkshire Hathaway Shareholders Meeting…. Munger, a Republican, said the strong economic performance resulted largely from the natural economic […]

Is Amazon a Value Stock?

Speaking at the 2019 Berkshire Hathaway annual meeting of shareholders, Warren Buffett on why Amazon could be a value stock: Yeah. It’s interesting that the term “value investing” came up. Because I can assure you that both managers who — and one of them bought some Amazon stock in the last quarter, which will get […]

Bad Advice

In 1887, President Grover Cleveland welcomed an old friend to the White House. Weary of the office, he said to the man’s 5-year-old son, “My little man, I am making a strange wish for you. It is that you may never be president of the United States.” The boy was President Franklin Roosevelt. The Strawfoot, […]

The Subways of New York & Coronavirus Epidemic

This National Bureau of Economic Research working paper by Jeffrey E. Harris discusses how the subways of New York seeded the massive Coronavirus epidemic in New York City: New York City’s multitentacled subway system was a major disseminator—if not the principal transmission vehicle—of Coronavirus infection during the initial takeoff of the massive epidemic that became […]

The Toxic Leadership Habits

Leadership coach and author Lolly Daskal on identifying someone with bad leadership skills: We all have things we need to work on. Maybe you catch yourself zoning out in meetings, or taking on work that you should be delegating. It’s important to pay attention to those areas and keep them under control. But some habits […]

Charlie Munger Says Failed Casino Owner Shouldn’t Be President

Charlie Munger thought failed casino owner President Trump should never ever be president. According to Bloomberg, at the 2016 Daily Journal Corp’s shareholders meeting, Munger declared, Munger, 92, responded to a question Wednesday at the annual meeting of his Daily Journal Corp. about whether a person who couldn’t make money in the gaming industry would […]

Swearing: The Foul Mouthed are to Be Pitied

Parents and teachers do their best to stop kids from swearing and using profane language. Yet, people resort to foul language, and it’s repellent. Jeff Minick, writes at the Intellectual Takeout commentary website: When I was a boy, my mother told me several times that men and women who habitually used profanity or obscenities were […]

Jeff Bezos’s Frugality: Desks Made Out of Doors

Andreesen Horowitz venture capitalist Ben Horowitz comments on Jeff Bezos’s frugality: Very early on, Jeff Bezos, founder and CEO of Amazon.com, envisioned a company that made money by delivering value to rather than extracting value from its customers. In order to do that, he wanted to be both the price and customer service leader for […]

Shared-Hardship People Model for Businesses in a Recession

Charlie Munger said at the 2009 Berkshire Hathaway annual meeting: Some of our businesses have a shared-hardship model, where they don’t layoff, at least not yet. And the businesses with that model tend to be very strongly placed economically. So I guess it shows that Benjamin Franklin was right, when he said, ‘It’s hard for […]

Intelligent Investing is Value Investing

Charlie Munger at the 2000 Berkshire Hathaway annual meeting: All intelligent investing is value investing. You have to acquire more than you really pay for, and that’s a value judgment. But you can look for more than you’re paying for in a lot of different ways. You can use filters to sift the investment universe. […]