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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.And please, try to remember, this is just a blog. If you feel the need to email me and call me names because of something I wrote then take a step back and remember that I don't even take this blog that seriously so you shouldn't either.
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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