As investors, but most importantly as humans, we are prone to make mistakes in our decisions. So how does a rational man such as Charlie Munger cope with mistakes? What is his recommendation regarding the correct attitude to take when we face them? Luckily for us, at a Wesco Annual Meeting, Munger elaborated on the subject.
Shareholder: When Bell Rich Oil goes up 35 times, I imagine myself having a lot of regret or debilitating. How does one recuperate from something like that? A big missed opportunity? Continue Reading »