You Don’t Have to Make it Back The Way You Lost it

Warren Buffett and Charlie Munger address the issue of gambling. Reporter’s Question Hi i’m Susie Taylor from Lincoln Nebraska. By way of explaining, we wrote down the value of U.S. air reflecting our investments current market value you had a good explanation in your report as to why the economics of the business are unattractiveContinue reading “You Don’t Have to Make it Back The Way You Lost it”

Warren Buffett and Charlie Munger Talk Projections

The year is 1995, A question is poised about the opinions of projections on future cash flow. The following is a response from Mr. Munger and Mr. Buffett. Charlie Munger To the extent that the method of estimating future cash flow requires projections? I would say that projections while they’re logically required by the circumstancesContinue reading “Warren Buffett and Charlie Munger Talk Projections”

Opportunity Cost Described By Warren Buffett and Charlie Munger

“Life is a whole series of opportunity cost, you have to marry the best person who is convenient to find who will have you. Investment is very much the same sort of a process.” – Charlie Munger The year is 1997, an investor approaches and ask an indirect question about opportunity cost. The response fromContinue reading “Opportunity Cost Described By Warren Buffett and Charlie Munger”