I came across this summary that I have to mention here. Kudos to The Inaculated Investor for summarizing the conversation Charlie Munger have on the current economy, investing, WESTCO and life in general.
As a personal leading a busy life you really appreciate it when someone goes out of the way to summarize these great interviews the way he does and shares it with us. Its like you are not at the meeting and your colleague takes the minutes for you. Only thing this is dealing with value investing. I urge anyone who uses RSS feeds to subscribe to his blog.
There is much to learn from Charlie Munger, but what I learn after reading this summary is that although you may have found what works for you, be it as a trader or a value investor, but it is important to be realistic and always see it as a continuous learning experience. Be ready to change or be able to see that perhaps dividend investing is not the way forward or will not work out in the future, or be open about leverage and why it is necessary etc.
Conversation With Charlie Munger
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Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
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