29 April 2013

Charlie Munger: Think Like An Investor

Charlie Munger's Thoughts on Just About Everything: "I have a friend here in Los Angeles whose father owned a little machine shop. He was accepted into the Harvard Business School, but he asked to defer his admittance for one year so he could help run his father's business. A year later, he asked if he could defer again. Harvard asked, "One year ago, how many employees did your dad's business have?" "Fifty," he said. "And how many does it have now?" they asked. "Nine hundred," he said. They told him he didn't need Harvard, and maybe he could just come back in a few years and endow the place. This type of thinking is no longer present at Harvard, which is too bad. Business school teaches from the perspective of a career in business, not as an investor in business. But there are great benefits to thinking like an investor."


more news below



No comments:

The 7 Habits of Highly Effective Mediocre Entrepreneurs | TechCrunch: " . . . . persistence is not the self-help cliche “Keep going until you hit the finish line!”. The key slogan is, “Keep failing until you accidentally no longer fail.” That’s persistence." - James Altucher

Both Sides of the Table

Venture Capital Dispatch

Startup News

Entrepreneur News

Angel Investor News

Venture Capital News

Venture Capital Survey

Business - SiliconValley.com

silicontap.com - Silicon Valley High Tech News

DealBook - NYTimes

You're the Boss - NYTimes

Bucks - NYTimes