Charlie

3 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Mar 2, 2024 by David Senra · across every show →

Everything said about Charlie, oldest first

Mar 2, 2024 positive
Opinion
Senra: No other investor has Buffett and Munger's patience to copy them
“One of the reasons Charlie and Warren have never worried about anyone mimicking their investment style, because no other institution or individual has the discipline or the patience to wait as long as they can.”
David Senra Mar 2, 2024 ▶ 32:42 I had dinner with Charlie Munger
Mar 2, 2024
Insight
Munger: Effective decision-making requires concentrating power in one person, not democracy
“In a democracy, everyone takes turns. But if you really want a lot of wisdom, it's better to concentrate decisions and process in one person.”
David Senra Mar 2, 2024 ▶ 55:26 I had dinner with Charlie Munger
Mar 2, 2024
Insight
Munger: Investors must learn to fold beloved positions when odds shift
“Charlie says, life is like a poker game, wherein you have to learn to quit. Sometimes when holding a much loved hand, you must learn to handle mistakes and new facts that change the odds.”
David Senra Mar 2, 2024 ▶ 20:39 I had dinner with Charlie Munger
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