$Berkshire Hathaway(BRK.B)$ PCT: Charlie Munger Wisdom V10.0 .

PCT = Pandas Coffee Talk.

Source: YouTube: Quotefancy: Top 40 Charlie Munger Quotes:

*please don't copyrights commonsense. These copyrights belong to Tiger: RickPANDA ghostwriter to YouTube: Quotefancy ghostwriter to Charlie Munger. Me PANDA here is just trying to consolidate all wisdom learnings to answer a BBA Question: how the hell Charlie Munger created Berkshire.

(01) Take a simple idea & do it seriously.

(02) Don't sell anything you won't buy. Don't work for anyone you don't like.

(03) People calculate too much but think too little.

(04) Big money is not in buying & selling. But in waiting.

(05) Never know a wiseman who don't read.

(06) You just need to be wiser than normal people most of the time.

(07) Know reality even you don't like it. Especially.

(08) There are always better people. Just be follower to be a leader.

(09) Acknowledging what you don't know is the start of wisdom.

(10) Reputation & integrity are valuable assets that can lost in a heartbeat.

(11) Assume the toughest life. If you can handle. You won.

(12) Charlie Munger Daily Routine: (a) little wiser before you wake up. (b) Discharge duties well & faithfully. (c) Step by step stay ahead. (d) Build up discipline for spurts. (e) Slug it out one inch at a time. (*) To get what you deserve.

(13) Buy a great stock at a fair price is better than buy a fair stock at a great price.

(14) Charlie Munger Golden Rule: to get what you want. Deserve it.

(15) Value Investings = is just getting more value than you pay for. But you must value know the stock first.

(16) Be a wise real-life pilot. Use a checklist.

(17) The best thing a human can do. Is to teach another human to know more.

(18) l'm right. You are smart. Soon you will know I am right.

(19) All good stocks have pains first. Gains later.

(20) When you borrow a man car. Return with gas full.

(21) We have 3Investment Baskets = (a) yes (b) no (c) and too tough to understand.

(22) Someone will be always richer than you. It is not a bad thing.

(23) The wise bet big when odds is in their favour. Rest of the time. They don't. It is that simple.

(24) Understand it is true character to sit with large amounts of cash & do nothing. We don't do mediocre opportunities.

(25) I learn from people who figure it all out. I don't figure everythings out myself.

(26) Determine value from price. Progress from activities. Wealth from size.

(27) To excel in a subject. Have intense interests.

(28) Good opportunities don't always come. Seize them. Learn to fold early. If you don't have a big edge. Then bet heavily.

(29) Good business make easy decisions one after another. Bad business are bad decisions all the time. Differentiate them.

(30) Track records are important. Like perfect honesty. It helps greatly at later parts of life.

(31) It amazes me what can be done when you master the obvious & easy principles.

(32) When think of incentives. Think nothing else.

(33) A good spouse is not nuts. You must be good enough to be chosen deserved her.

(34) Without numeracy fluency. It is a one-legged race in Value Investings.

(35) Ignore a few little mistakes from teachers. Because there is only a few teachers that can be learned from.

(36) We profit more from remembering the obvious than the esoteric.

(37) Chess history shows in the long run. Chances of business surviving agreeable to business owners is very slim.

(38) The safest way to get what you want is to deserve it.

(39) I won't bet 100.00USD against the house from now to grave.

(40) <Missing No.40 .> Conclusion: Barrons.Com: Charlie Munger is clear thinkings. Tim Cook: is coach. Bill Gates: is legendary.

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