Charlie Munger once said, “any year in which you don’t destroy one of your best loved ideas is a wasted year.” In this episode, Charlie Munger was asked what was the hardest idea that he has ever destroyed and why getting rid of the dumb idea is the most important mental habit?
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This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2017.
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☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.
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Charlie Munger: The ONE HABIT That Changed My Life | Daily Journal 2017 【C:C.M Ep.258】
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