Charlie Munger on Whether Berkshire Hathaway’s Historic Success is Repeatable
At the Daily Journal Corporation Annual Shareholders’ Meeting 2018 (14-Feb-2018,) Charlie Munger was asked, “In 1999, Warren Buffett said that he could return 50% if he ran $1 million. Give what you said about the investment landscape today being more difficult, what do you think that number would be today?” His response: Well I do […]
Mohnish Pabrai: Investing and the Art of Cloning
In a video talk to students of an MBA class, hedge-fund investors and Warren Buffett-disciples Mohnish Pabrai and Guy Spier share their considerable wisdom with University of California, Davis’s MBA Value Investing class on 22-Aug-2012: If you set up an investment operation…like an operation I run…and instead of tearing your hair out…trying to find stocks […]
Discovering the Gems Within
For many Korean Zen practitioners, Chinese Zen master So Sahn’s collection of wisdoms, The Mirror of Zen, is second in standing only to the Buddha’s principles. So Sahn writes in The Zen of Confidence, People who are attached to sutras and a scriptural teaching of words can lack faith in the living, mysterious experience of […]
Buddhist Science
Matthieu Ricard writes in Why Meditate: Working with Thoughts and Emotions, Buddhist science is not just an intellectual pursuit for the sake of unraveling the mystery of nature, but it also has a therapeutic aspect that gets to the very basic cause of suffering. In this context, a rigorous pursuit of science is not to […]
Charlie Munger on the Failure of Performance at General Electric
At the Daily Journal Corporation Annual Shareholders’ Meeting 2018 (14-Feb-2018,) Charlie Munger opined about what caused the failure of performance at General Electric: It is interesting that a company so well regarded for acumen, education, technology, etc. etc. etc. could end up so ill-regarded as a result of a long period of sub-par performance. People […]
11 Things Healthy People Do Before 10 A.M.
According to this Reader’s Digest slideshow, healthy people do these things before 10 A M every day: Meditate Take a break from your phone Take a shower Read something inspiring Connect with others Stay positive Practice gratitude Exercise Eat breakfast at 10 a.m. Hydrate Keep your space clean
Trapped in the Same Old Patterns
Tara Brach writes in Radical Acceptance: Embracing Your Life With the Heart of a Buddha, Perhaps the biggest tragedy of our lives is that freedom is possible, yet we can pass our years in the same old patterns.. We may want to love other people without holding back, to feel authentic, to breathe in the […]
Lessons from Charlie Munger: All Good Investing is Value Investing
Following Berkshire Hathaway’s annual shareholder meeting, Warren Buffett and Charlie Munger (later joined by Bill Gates) have a tradition of doing more than a few interviews. Here’s a snippet from their 07-May-2018 interview (video, transcript) with CNBC’s Becky Quick on “Squawk Box,” You got to remember, that in our way of thinking, all intelligent investment […]
Rest in The Present Moment
Jack Kornfield writes in A Path with Heart: A guide to the Perils and Promises of Spiritual Life, When we let go of our battles and open our heart to things as they are, then we come to rest in the present moment. This is the beginning and end of spiritual practice. Only in this […]
The ‘No Trump’ Rule
In an op-ed at The Wall Street Journal, Joseph Epstein writes about how people can’t stop talking about Donald Trump: Every Friday I meet for lunch with three or four friends from high school days. I instituted at these lunches what I called the No Trump Rule: ‘No’ not in the sense of being against […]