095 - Lessons from Charlie Munger
Maven Money Personal Finance Podcast
00:00
Lessons From Charliey Munger
Oham's razor is the problem solving principle that essentially states that simpler solutions are more likely to be correct than complex ones. Charliey munger is an american business manni five years of age, and he's warren buffett's business partner. His seen as a modern day stoic, smart and deep thinker. If you can't through a minus 50 % decline in the stock market at least three times a century, you deserve the mediocre returns you'll get compared to people who do have the general temperament to act with equanimity during these declines. He was also asked by a famous journalist how they bothered with the current price of berkshire hathaway? Before he could
Transcript
Play full episode
