Charlie Mungers life lesson – always be learning

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  • Berkshire Hathaway’s vice chairman Charlie Munger dies at 99
    • Top 10 Charlie Munger quotes:
      • “Spend each day trying to be a little wiser than you were when you woke up.”
      • “The best thing a human being can do is to help another human being know more.”
      • “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
      • “In my whole life, I have known no wise people who didn’t read all the time — none, zero.”I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.”
      • “The big money is not in the buying and selling, but in the waiting.”
      • “You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.”
      • “The first rule is that you can’t really know anything if you just remember isolated facts and try and bang ’em back.”
      • “There are worse situations than drowning in cash and sitting, sitting, sitting.”
      • “The game of life is the game of everlasting learning. At least it is if you want to win.”
  • Ten days in Mauritius
    • GDP ±4%
    • Unemployment ±6%
    • Per capita GDP ±US$10k
    • Expensive if you are a tourist, cheap if you eat local
  • Pepkor (JSE code: PPH) results show higher rates hurting interest bill and port delays.

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Thursdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.

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