Sit-On-Your-Ass Investing
- An investment strategy based on maintaining composure and awaiting the right investment chances.
- Unlike many investors who frequently buy and sell stocks, Munger advocated for a more passive approach - to benefit from the compounding effect.
- Analogy to how lions hunt: Lions are known for their patience when hunting. They can wait for extended periods, observing their prey, and only strike when the right opportunity arises.
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The Wit and Wisdom of Charles T. Munger.
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