Original link: https://ljf.com/2023/07/17/1279/ 1987 Speech at the Shareholders’ Meeting of Siko Finance We run the insurance business, and the great thing about the insurance business is that the business has capacity for capital, and we can always put more money into the insurance business if we want to. It takes a long time to really …
Original link: https://ljf.com/2023/07/14/1278/ 2022 Daily Journal Shareholders’ Meeting Address BECKY QUICK: This question is from Tom Seymour. He asked: “In January, Jeff Gundlach said: ‘My current view is that China is not a good place to invest. I’ve never invested in China, either long or short. Why? Because I have doubts about the data. Because …
The Munger Way – Charlie Munger 2022 Daily Journal Shareholders’ Address Read More »
Original link: https://ljf.com/2023/07/13/1277/ 2021 Daily Journal Shareholders’ Meeting Address Shareholders: Is there an ethical obligation on management to keep the stock price as close to value as possible? I don’t think it can be so over the line. If you really want to raise the stock price to a moral level, everyone can despise me. …
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Original link: https://ljf.com/2023/07/12/1275/ 2020 Daily Journal Shareholders’ Meeting Speech As we all know, the major shareholders of major companies in the United States have all become index funds, with few exceptions. Who would have thought that the voting rights of major American companies would fall into the hands of a group of index fund managers? …
The Munger Way – Charlie Munger 2020 Daily Journal Shareholders’ Address Read More »
Original link: https://ljf.com/2023/07/10/1273/ 2018 Daily Journal Shareholders’ Meeting Speech Changing software service providers requires a huge time cost, and government departments generally do not change software service providers at will. We have a very conservative approach to accounting, we do business with our clients, do the work first, and collect the money later. Peter Kaufman: …
The Charlie Munger Way Charlie Munger 2018 Daily Journal Shareholders’ Speech Read More »
Original link: https://ljf.com/2023/07/09/1272/ 2017 Daily Journal Shareholders’ Meeting Speech I would like to work with excellent people rather than mediocre ones. We don’t know the specific software business, so how can we lead the daily periodical company? We mainly rely on knowing people and doing things well. To run a company, you know how to …
The Munger Way Charlie Munger 2017 Daily Journal shareholder meeting speech Read More »
Original link: https://ljf.com/2023/07/08/1271/ 2016 Daily Journal Shareholders’ Meeting Speech Shareholder: What is the most fulfilling thing you have done in your life? A person, in old age, can have many memorable achievements, such a life is very meaningful. Shareholders: Who are the people you particularly respect? If others entrust their children to you when making …
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Original link: https://ljf.com/2023/07/07/1270/ 2015 Daily Journal Shareholders’ Meeting Speech When companies encounter disruptive technological change, failure is the norm. If you can’t keep up with the pace of the times, you can only be eliminated by the times. I can tell you that, of all the smart people I have ever met, there is not …
The Munger Way Charlie Munger 2015 Daily Journal shareholder meeting speech Read More »
Original link: https://ljf.com/2023/07/06/1269/ 2014 Daily Journal shareholder meeting speech Once, someone asked me who was the most noble person in my life, and I replied without thinking: “It’s my wife’s ex-husband. Whether at work or in life, we only want to be with people we trust and appreciate. With such people, we can feel a …
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Original link: https://ljf.com/2023/06/19/1259/ Causes of hunchback – deformity of the spine POSTURE Guide 1 Physiological flexion is ideal for good posture. Can non-physiological bending also present correct posture? The posture that allows you to sit and operate the computer for a long time is the correct posture; if you are a housewife, the posture that …
Original link: https://ljf.com/2023/06/06/1256/ Chapter 1 Getting to Know the Gym and Training Equipment For a novice who has never done muscle-building training, for the first six months to one year of muscle-building training, he only needs to practice 3 times a week, and about 1 hour each time is enough. Take sit-ups as an example, …
“Lightning Muscle Gain” – How to Lose Fat and Gain Muscle Read More »
Original link: https://ljf.com/2023/06/02/1249/ Part 1 Everyone Can Have Power Good performance doesn’t necessarily keep you in a powerful position, and poor performance doesn’t necessarily mean you’ll lose your job. Performance doesn’t really matter as long as the boss is happy. The reverse is also true, great performance won’t save you if you make them unhappy …
Original link: https://ljf.com/2023/05/26/1254/ Life is not in great thinking, but in real touch and connection time after time. 1 Close the door and stay away from reality You need to perceive the incompleteness first, but you perceive that “I” is incomplete, which also means that you see that there are other people besides “I”. At …