{"id":360,"date":"2017-02-14T01:33:07","date_gmt":"2017-02-14T01:33:07","guid":{"rendered":"http:\/\/charliemungersays.com\/?p=360"},"modified":"2017-10-25T00:25:50","modified_gmt":"2017-10-25T00:25:50","slug":"39-wonderful-sprinkles-of-wisdom-from-djco-annual-meeting-2015-happy-valentine-day","status":"publish","type":"post","link":"https:\/\/charliemungersays.com\/index.php\/2017\/02\/14\/39-wonderful-sprinkles-of-wisdom-from-djco-annual-meeting-2015-happy-valentine-day\/","title":{"rendered":"39. Wonderful Sprinkles of Wisdom from DJCO Annual Meeting 2015 & Happy Valentine Day"},"content":{"rendered":"

\"\"<\/a>Excellent Book: Charlie Munger For All Seasons<\/a><\/a><\/p>\n

Wonderful Sprinkles of Wisdom from From Charlie Munger’s Daily Journal Meeting 2015.<\/p>\n

Ref: http:\/\/www.marketfolly.com\/2015\/03\/notes-from-charlie-mungers-daily.html<\/a><\/p>\n

    \n
  1. 1. Comparing Venture Capital To Value Investing: “It’s a really difficult honest way to make a living. It’s not like shooting fish in a barrel, which is how I’ve made my living.”<\/li>\n<\/ol>\n

    2. On activist investors: “I like the new system even less … Carl Icahn is a very able man but that doesn’t mean he should be running the world.”<\/p>\n

    3. On Attention Span: “I did not succeed in life by intelligence. I succeeded because I have a long attention span.”<\/p>\n

    4. On Trying Too Hard: “When things are damn near impossible, maybe you should stop trying.”<\/p>\n

    5. On Idiocy: “Other people are trying to act smarter. I’m just trying to be non-idiotic.”<\/p>\n

    6. On Wrong Incentives: “If the incentives are wrong, the behavior will be wrong. I guarantee it.”<\/p>\n

    7. On Worrying: “I don’t spend too much time thinking about what is almost certain never to happen.”<\/p>\n

    8. On Shamans and Financial Advisers: “The finance industry is 5% rational people and 95% shamans and faith healers.”<\/p>\n

    9.\u00a0On Camouflaged Casinos: “A lot of our respected financial institutions are just casinos in drag.”<\/p>\n

    10. If It Is Too Easy, it is Hard To Be Profitable: “I don’t think anything that any average person can do easily is likely to be worthwhile.”<\/p>\n

    11. When To Close Your Eyes A Little: “Before marriage, keep your eyes wide open. After marriage, keep them half shut.”<\/p>\n

    12. On Service Industry \u2013 Annoy Customers At Your Peril: On how to compete in a service oriented biz: identify things that annoy customers and go down the list and get rid of them<\/p>\n

    13. On Surviving Open Heart Surgery: “Nobody survives open heart surgery better than the guy who didn’t need the procedure in the first place.”<\/p>\n

    14. On Getting Rich: “The way to get rich is to keep $10 million in your checking account in case a good deal comes along.”<\/p>\n

    https:\/\/www.facebook.com\/groups\/charliemungersays\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Excellent Book: Charlie Munger For All Seasons Wonderful Sprinkles of Wisdom from From Charlie Munger’s Daily Journal Meeting 2015. Ref:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-360","post","type-post","status-publish","format-standard","hentry","category-charlie-mungers-3-categories-of-investment-in-out-too-tough"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/comments?post=360"}],"version-history":[{"count":5,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/360\/revisions"}],"predecessor-version":[{"id":897,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/360\/revisions\/897"}],"wp:attachment":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/media?parent=360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/categories?post=360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/tags?post=360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}