As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 5 May 2019

Figure out what works and do it

Highlights from the 2019 Berkshire Hathaway Shareholders Meeting

Highlight: Munger: "If you want one mantra, it comes from Lee Kuan Yew. ... Figure out what works and do it. You just go at life with that simple philosophy from your own national group, you’ll find it works wonderfully well. Figure out what works and do it." 


Why is this quote from Charlie Munger on "Figure out what works and do it " also applicable to our long term investing?

After one or two market cycles of either Bull-Bear-Bull or Bear-Bull-Bear; we have to figure out what works for us and do it again for the next market cycle.

What we read and hear from elsewhere is always other people's investing experience. It may serve as reference or guide our future investing strategies; but we still have to figure what works for us and do it.

1 comment:

  1. Munger is huge fan of S'pore. Another interview just a few hours ago where he praised S'pore for "zero debts".

    12min highlights of Munger interview 6 May 2019

    He also reiterated "what the hell's wrong" with sitting on billions of cash. Haha.


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