The Munger Technique - Deepstash
The Munger Technique

The Munger Technique

*Just like compound interest multiples one’s savings, improving one’s mind daily, during the best hour of the day, multiplies one’s mental compounding interest.

This ‘mental’ compounding interest advice comes from investor Charlie Munger, in his book University of Berkshire Hathaway.

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"Everybody Has a Plan Until They Get Punched in the Mouth" - Tyson. But you still need a plan.

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In an interview he gave for his authorized biography The Snowball, Buffett told this story about Charlie Munger, his longtime business partner at Berkshire Hathaway:

“Charlie, as a very young lawyer, was probably getting $20 ...

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