#UniversityOfBerkshireHathaway #WarrenBuffet #CharlesMunger Along with their strategies this whole book is filled with quips from both Warren Buffett and Charles Munger. It's definitely a page turner if you are money minded. As we all know that Berkshire Hathaway's annual meetings are famously known as "an MBA in a weekend." And reading this book one can find out why. They answer the questions in their own quirky way and in process leave behind a lot of learnings for us to ponder upon. They take shot at everything from Asset Allocation to how shitty various modern day portfolio theories and models are. And as per them economists within a company is an extra person on payroll on whom money is wasted. Also, they curse Derivatives in every meeting. 😂 In majority of the meetings Buffet highlights that "if he were to teach in a Business School, he would make it shockingly simple and teach: 1) How to Value a Business, and 2) How to Think about Market Fluctuations - that the market is there to serve you, not influence you." With their risk averse nature both Buffet and Munger has invested and built an empire of businesses which is difficult to copy and one shouldn't copy as well. They've got access to deals which we are not capable of. But still they push us to read, find businesses and become a shareholder cum owner of the business and stick with it. So in words of Buffet, "Spend less than what you make. Know and stay within your circle of competence (in terms of investing). The only business that matter are the ones you put your money in. Keep learning over time. Don't lose. Insist on a margin of safety. And REPEAT WHAT WORKS!" 🙂 Read it if something you read above interests you. https://www.instagram.com/p/CGJ_yZRnWSX/?igshid=1ei7qkkhi2n8l
