Monday, December 10, 2007

An Investing Principles Checklist from Poor Charlie

This is a list by Charlie Munger from his book Poor Charlie's Almanac, and it describes principles which apply to value investors and ordinary people alike. Very quick read and well worth it. (Hat Tip to Lincoln Minor for bringing this to my attention)

“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”

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