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Charlie Munger:
"I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold. They invest in productive businesses."
"All intelligent investing is value investing - acquiring more than you are paying for. You must value the business in order to value the stock."
"It’s not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple."
"If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life. Life is more than being shrewd in wealth accumulation."
"The best thing a human being can do is to help another human being know more"
Investing Articles:
Superinvestors of Graham-and-Doddsville
by Warren Buffet
Behavioral Finance
by Christopher H. Browne of Tweedy, Browne LLC
Building a Trillion Dollar Business
by Charlie Munger
Art of Stock Picking
by Charlie Munger
Parody of the Great Recession
by Charlie Munger
The Wit and Wisdom of Peter Lynch
by Kaushal B. Majmudar, CFA
