Posts Tagged “munger”

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.

More here.

My Twitter Feed
- Gradually learning the geography of my new office location. Today's lesson: Holborn Circus is a fair walk from Holborn tube. #london about 6 days ago from Twitter for Android
- Reading Kahneman and Tversky: it appears there is little so rational as a calculated loss. #prospecttheory #economics about 6 days ago from Twitter for Android
- Using #windows7 for the first time. The improvement over #vista is incredible. Not sure if I will stick with it yet. 09:39:37 PM September 01, 2010 from web
Links from Del.icio.us
- Understanding Put-Call Parity | The Options & Futures Guide
  As mentioned, a useful explanation of the equivalence of a call option + cash with a put option + stock holding. The diagram is the most intuitive bit.
- Bank competition benefit questioned
  Matt Symonds, retail banking partner at Bain, warned that an influx of entrants into the UK market could have the reverse effect of encouraging lenders to take more risk as they chase new business.
- IFRS vs US-GAAP: European Banks Leverage Overstated
  Interesting graph on the impact of different accounting standards on bank's balance sheets.

Posts Tagged “munger”

Munger’s advice

My Twitter Feed

Links from Del.icio.us