Interloper View

These quotes were taken from the following site . “We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”   ―   Charles T. Munger “We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.”   ―   Charles T. Munger “In my whole life, I have known no wise people who didn't read all the time -- none, zero. You'd be amazed at how much Warren(Buffett) reads -- at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out".”   ―   Charles T. Munger ,   Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger The following is taken from another source : “SOME OF THE MOST ADMIRED PEOPLE IN...

It is a pretty interesting speech by Vice Chairman of Berkshire Hathaway .   The text of the speech can be found here . The table of content is as follow: TABLE OF CONTENTS Page Introduction by Rajnish Mehra ...................................................................................................... 1 Munger’s Opening Remarks:......................................................................................................... 1 Non-use of Efficient Market Theory at Berkshire ............................................................. 2 Personal Multidisciplinary Education................................................................................ 3 The Obvious Strengths of Academic Economics .............................................................. 4 What’s Wrong with Economics......................................................................................... 5 1) Fatal Unconnectedness, Leading To “Man With A Hammer Syndrome,” Often Causing ...