How could I EVER improve on the words of worldly wisdom from Charles Munger, the Vice Chairman of Berkshire Hathaway, former hedge fund manager, and billionaire value investor, often known as Warren Buffet's right hand seer and fellow big picture man , speaking at USC Business School, in 1994?
Can't. So, I'll entice you with a few snippets and one web address to visit, which will leave you hungry for more...
Here's a great quote, you can put to use right now, from Charlie:
"...So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don't, you're going to lose. And that's as close to certain as any prediction that you can make. You have to figure out where you've got an edge. And you've got to play within your own circle of competence."