Munger’s advice

0Ross • 18th May 2010 • Learning • berkshire, finance, investment, money, munger, stocks

Charlie Munger advises small investors:

Don’t go after large areas. Don’t try to figure out if Merck‘s pipeline is better than Pfizer’s. It’s too hard. Go to where there are market inefficiencies. You need an edge. To succeed, you need to go where the competition is low.

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Munger’s advice

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