Charlie Munger’s Investment Philosophy

Charlie Munger, the long-time business partner of Warren Buffett, significantly influenced Buffett’s investment approach. Before Munger, Buffett primarily focused on “cigar-butt” stocks—cheap, undervalued companies nearing their end. However, Munger instilled in him a different philosophy: buying wonderful businesses at fair prices. Here are the key aspects of Munger’s approach: Significance of Consistent Returns on Capital Now, let’s explore the concept of returns on […]

Predictable Cash Flows: Mohnish Pabrai and his Winning Formula

Mohnish Pabrai, a technologist turned super-investor, has a unique approach to value investing that emphasizes predictability and cash flows. Let’s delve into his concentrated investment strategy and explore the key principles he follows: Geographic Diversification Pabrai’s Law of Large Numbers Buying at a Substantial Discount to Intrinsic Value The Dhando Checklist Lunch with Buffett In summary, Mohnish Pabrai’s concentrated approach […]