Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99

Pricechange said:
Charlie 99 yrs old. Warren 93 yrs old. Nebraska was never industrialized. No urban renewal. No smoke stack industries or major urban centers. In 1990, they told us that subsequent generations would live longer and longer. It probably was true except for the chemical age, the synthetic age, the food additive age. Nebraska living was probably the most untouched. Charlie was able to see many, many things during his long years. Charlie was front row for both the rise and the fall. Kinda of amazing. And when I read about Jimmy...I got worried in Omaha until I read the name more closely.
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Charlie lived most of his adult life in one of the most polluted areas in the US: LA, Pasadena.
 
Pricechange said:
Charlie 99 yrs old. Warren 93 yrs old. Nebraska was never industrialized. No urban renewal. No smoke stack industries or major urban centers. In 1990, they told us that subsequent generations would live longer and longer. It probably was true except ....... Nebraska living was probably the most untouched. Charlie was able to see many, many things during his long years. Charlie was front row for both the rise and the fall. Kinda of amazing.
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Mostly true;
except for the ''smart phone'' bunch , that is not to smart =socialism , dope ,dopes that walk around with thier nose in smart phones + get run over more.
Like Dave Ramsey, readers are leaders.
Spend [invest] in each day /aiming to be more wise than when you wake up.-C Munger
WO'N, IBD founder lived to 90, may have lived much longer if not lived in LA \CA:caution::caution:
 
Here are a few quotes from Charlie Munger that has been in my trading journal.

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.

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.

The big money is not in the buying and selling ... but in the waiting.
 
ironchef said:
We day traders make BIG money in the buying (low) and selling (high).... but not in the waiting (flat).
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BIG, BIG enough to buy a BIG Mac,good brand also.
SPY ,Vanguard, Fidelity500, JPM, MS,BAC, buying + holding [waiting] .
And most likely some market making trades also.
IF SSO does NOT make a daytrade profit\kick it out\exit \small loss not Big Mac size loss.:D:D LOL.\Actually the regular size MCD burgers+ coffee are excellant, even for breakfast.
NOT a stock tip, not in SPXL now\too big.
 
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