Career · Modern investor letters

Charlie Munger:Munger's 1994 USC Talk, Additional Excerpt 31

Charlie Munger《A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business》· USC Business School, 1994 · Leadership · History · Human nature

And the one thing that all those winning betters in the whole history of people who've beaten the pari-mutuel system have is quite simple. They bet very seldom.

Source: https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Locator:Archived transcript, additional excerpt 31 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

What does this passage say about how you work today?

公开存档的演讲记录;只摘录并链接存档原文,不托管全文。

This text is still in copyright. Only a short excerpt is shown; read the full text at the official link above. Copyright

← Back to the library