Career · Modern investor letters
Charlie Munger:Munger's 1994 USC Talk, Additional Excerpt 33
Charlie Munger《A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business》· USC Business School, 1994 · Leadership · Human nature
To me, it's obvious that the winner has to bet very selectively. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people.
Source:
https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Locator:Archived transcript, additional excerpt 33 · Verified:2026-10-19 · Verification:Short excerpt
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