Some Knowledge Bombs From Charlie Munger
It’s the festival of capitalism in Omaha, Nebraska. Charlie Munger sits for an interview. It’s remarkable how many parallels there are between the type of investing Berkshire does and startups with regard to what he says about people and markets.
They invest in people, and great companies. They invest “against the tide”.
Here is the link to the entire video which is worth watching. 10:36 he talks about the flash crash and HFT.
Here is a snippet that CNBC allows for embedding. On their website, they put the most controversial segments. You need to hear them in context to understand the whole of what Mr. Munger is talking about.
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The post Some Knowledge Bombs From Charlie Munger appeared first on Points and Figures.
Source: http://pointsandfigures.com/2013/05/04/some-knowledge-bombs-from-charlie-munger/
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