Explore the core investing principles advocated by Charlie Munger, focusing on understanding businesses, durable competitive advantages, reliable management, and buying with a margin of safety. Compare these straightforward principles with the complexities found in academic theories, particularly in relation to value and price in investing.
Phil dispels different stock market theories and discusses why it is possible to beat the market, even though financial advisors will tell you that you can't, because thousands of people have been doing it for years.
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