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384 - From the Vault: Best Munger Quotes
InvestED: The Rule #1 Investing Podcast
Introduction
value investing is buying something cheaper than it's worth. You have to be quite confident that you have estimated its future value, even if it's just it'll be more. And then you have a margin of safety on to day's price. That solves a lot of problems. If you're not for sure you're doing that, if you're buying something cause you hope somebody'll buy it for more later, you're speculating and gambling. We thought we would do as go through some munger quotes like ye and on that, just because i'm going to forget if i don't say it.
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