Stock Talks - Charlie Munger's Trading Rules

"Charlie Munger (Trades, Portfolio), vice chairman of Berkshire Hathaway (BRK.A)(BRK.B), is a legendary investor who few value investors follow like Warren Buffett (Trades, Portfolio). Buffett has a cult following in the investment world. There are numorous articles written about him and his investing philosophy, yet very little is written about Munger, despite the fact Buffett has said Munger had a massive effect on him to move away from Graham classic value investing into a hybrid value and growth investing. As Buffett has inspired us through his simple investment philosophy, Charlie is the man who changed the investment method of the Oracle of Omaha. Munger is the inventor of modern day value investing that looks for franchise companies selling at fair value and growing at above average levels. Mr. Munger has always been a independent thinker who didn't think twice on rethinking Graham's net net investment strategy. He doesn't think twice to pay up for a wonderful company with a franchise." (CodyEustice) SOURCE: http://www.gurufocus.com/news/348824/charlie-mungers-ten-rules-for-investment-success Charlies Munger's 10 Rules For Successful Investing: 1. Live Below Your Means 2. Understand Your Risk Tolerance 3. Research Opportunities 4. Invest For The Long-Term 5. Funds Are No Substitute 6. Patience, Coupled With Decisive Action 7. Tax Planning - 8. Love The Process 9. Pay A Reasonable Price 10. Choose Good Partners

Comments