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Pragmatic Capitalism

Practical Views on Money & Finance

Read of the day: 5 Lessons From Buffett & Munger

Good post here from Market Folly on some lessons from Warren Buffett and Charlie Munger.   The lessons don’t include Buffett’s main two lessons (don’t lose money & don’t lose money), but contains some other good insights:

Via Munger:

1. Carefully watch what other investors are doing
2.  “Look at the cannibals” – look at businesses buying back huge amounts of stock
3. Carefully study spin-offs

Via Buffett:

1. Avoid leverage
2. Be patient

See the full post at Market Folly.  

Got a comment or question? Feel free to contact Cullen via email here or on Twitter here.
Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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