2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP494: The Worldly Wisdom of Charlie Munger

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Buffett and Munger's Investment Strategy

Munger has admitted at shareholder meetings that he failed shareholders by not capitalizing on these opportunities. Munger believes that bringing the mistakes to light allows him to reflect on them further, not make the same mistake in the future. Another one of my favorite lessons from studying Buffett and Munger is the power of incentives.

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