#363 Li Lu and Charlie Munger and Warren Buffett
Founders
**His Core Teachings **
Investing decisions should center on the principle of opportunity cost, emphasizing the importance of weighing potential alternatives against the most promising opportunities at hand. It is crucial to avoid diversifying into lesser options that may dilute focus and resources, especially when a rare, valuable opportunity has been identified. The act of comparing alternatives must justify the shift away from a superior investment. Maintaining a clear understanding of opportunity costs leads to more concentrated investments rather than excessive diversification, ultimately guiding effective decision-making.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
