Great teachers are very rare. The best in the profession have an infectious enthusiasm for their subject and view their work as a higher calling rather than just a way to earn a paycheck. I was lucky enough to have
Weekend Links – February 26, 2021
Friday, February 26, 2021Volume 2, Issue 16 “I try to think of my shareholders as my partners. I try to think of the information I would want them to send me if they were running the place, and I was the
Daily Journal Annual Meeting
Wednesday, February 24, 2021Volume 2, Issue 15 “The best thing a human being can do is to help another human being know more.” — Charlie Munger The Daily Journal Corporation Annual Meeting will be live-streamed on Yahoo! Finance today at 1:00 pm Eastern time
Weekend Links – January 29, 2021
Friday, January 29, 2021Volume 2, Issue 7 “It’s dangerous to short stocks. Being short and seeing a promoter take a stock up is very irritating. It’s not worth it to have that much irritation in your life. We don’t like trading
Reward and Punishment Superresponse Tendency
“Never, ever, think about something else when you should be thinking about the power of incentives.” — Charlie Munger The power of incentives is obvious. Even small children will modify their behavior in response to incentives set by their parents.