Charlie Munger's Investment Wisdom: 'If People Weren't So Often Wrong, We Wouldn't Be So Rich'

Charlie Munger's Investment Wisdom: 'If People Weren't So Often Wrong, We Wouldn't Be So Rich'

Charlie Munger, a long-standing associate of Warren Buffett, once shed light on his investment strategy, highlighting the significance of learning from errors and managing anticipations. What Happened: At a Berkshire Hathaway yearly shareholder gathering in 2015, Munger remarked, “Warren, if people weren’t so often wrong, we wouldn’t be so rich.” This comment highlights the prospects that emerge from others’ market misunderstandings and blunders…