Once again, adherence to value investing principles has rewarded us immensely.
My annual letter for 2024 to our partners at Quyn Capital.
https://t.co/WecSk8wy80
Charlie Munger: "If you watched [Warren Buffett] with a time clock, I would say half of all the time he spends is just sitting on his ass and reading."
"And a big chunk of the rest of the time is spent talking one-on-one with highly gifted people whom he trusts."
@sanjiva@murtazajaff Sanjiva whenever you pontificate about the States you display the ‘Shoe Button Complex’.
It’s term Buffett and Munger coined to describe a man who grew to believe he was a genius on all subjects, all because he managed to corner the market on shoe buttons.
@farnamstreet Quoting Charlie Munger and the Robinhood CEO is like mixing rat poison with raisins.
Robinhood does not aid civilization get to a better place, it makes it worse and Charlie reviled it and made his displeasure well known. Reflects poorly on you.
https://t.co/rVkSS1oXJK
@GSpier I have visited the ME, never lived there.
So much of Germany after WW2 was due to the Marshall Plan and not just indiscriminate bombing.
I hope ‘regime change’ doesn’t turn out the way it did in Libya & Iraq. The current arrogance on display does not lend much confidence.
@GSpier "Whose bread I eat, his song I sing"
Heard of Persian Messenger syndrome Guy? Honestly, did you not pick up anything from Munger?
I hope you are right. Because being wrong could do so much damage.
https://t.co/x5Eur1mRW0
@GSpier Using the WW2 lens for everything is ‘man with a hammer’ syndrome as every solution will then look like a nail.
I’m not saying you are wrong, but I hope you considered other possibilities.
I hope you are right tho. I despise that evil and terrible regime.
@GSpier WW2 required a ground invasion & the Marshall plan to rebuild Germany. Do you really think this admin cares about rebuilding an ‘enemy’ when they’ve got tariffs on their allies?
I hope you are right and this isn’t Iraq. But I fear the odds are against you.
@tobi That’s a pretty dumb statement from a smart man. Can you guarantee what comes next? How did US-led regime change work out for Libya? Or Iraq? Sitting in the comfort of your 1st world home, you think you know what revolution is like in the 3rd world. You are out of your depth.
@patrickc@brian_armstrong Do you really think it’s a great idea for bank deposits to move into Coinbase & other crypto players? For someone who published Munger’s biography you seem to have forgotten he called anything to do with crypto Rat Poison (²) for a reason. Disgraceful.
@Gautam__Baid Aren’t you a supposed value investor? Gold produces nothing and is a greater fool game, as Buffett has eloquently explained many times in the past.
@GSpier@DanielSLoeb1@DalrympleWill@nntaleb Charlie Munger said “I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do.”
So please state the opposing opinion with equal vigor. BTW I agree with you, but Taleb & Dalrymple aren’t always wrong.
@GSpier this is the counter to your great Bloomberg article.
Wise value investors have an edge when everyone else doesn’t read and relies on AI to shortcut their supposed ‘easy’ way to wisdom.
“It's not supposed to be easy. Anyone who finds it easy is stupid” —Charlie Munger
@GSpier 'He that lies down with dogs shall rise up with fleas.' —Benjamin Franklin
Tucker Carlson is an awful human being. It’s really no surprise. It is surprising that smart people do dumb things like associate themselves with elements of the fringe right.
@GSpier You have helped many by sharing a lot great investing wisdom and life lessons to people around the world through your content.
It is a pleasure to talk to you given how much I have benefited from your content. Tc Guy!
@GSpier You are making the point Guy. Reality is complicated, there are reasonable people in the middle. Drawing sides by pointing out nuts on the left is not a rational thought but a pathway to an ideological extreme on the right. Munger’s wisdom can help us stay sane here, and we must.
@GSpier I agree & share 98% of your views Guy. But it is easy to drift into ideological & extreme positions. I admire you, & when I saw you group people under emotional distress I felt you were not being your best. I did not mean to demonize but just point out that this isn’t rational.
@GSpier I’m in Canada now. Btw I agree with 98% of your views. I admire you (based on your knowledge, book & YouTube vids).
But your reaction is drifting you to extremes & other major psychological misjudgments. Run through Munger’s 25 point checklist & tell me you are being your best?
@GSpier One can be progressive, have sympathy for innocent lives lost in Palestine AND condone all forms of violence. Civilization is built on a non violent exchange of power.
One isn’t fascist or evil cause they may have sympathy for what you have listed in your original tweet Guy.