Don’t be stupid

Don’t be stupid

Charlie Munger said: ““It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” Straight from the mouth of one of the most successful investors of all time. Avoid being...
Some Quick Thoughts

Some Quick Thoughts

  08/04/24 Hope The incumbent offers the truth. Everyone else offers hope – the hope that the truth might become better elsewhere. As investors we hope the truth continues, the record to date certainly supports that hope. And that’s safer than hoping...
Coachability

Coachability

In today’s world the ability to be your own boss – to set up a company, banking, all the infrastructure – has never been easier. When my children ask what I think they should do I will always reply: “Be an entrepreneur. Do what it takes to be captain of your own ship...