Fascinating video about Quants

This is a fascinating video of Quants. Why should we bother about quants. We all know that every model is based on historic data. We also know historic data does not capture every possible scenario. This will only provide more opportunities for people like us where we are patient and take opportunities when they come by

Charlie Munger - Nuggets of wisdom

Sorry for no updates in the last few months. Been pretty busy as wrote CFA level II test. Here are some words of wisdom from Charlie in the latest Wesco meeting. It is a must read. Thanks inoculated investor.


Charlie Munger: The plan is to follow the procedure from last year and then talk about interesting issues.


Regarding his general observations, he is flabbergasted that so many people came to Pasadena after going

to Omaha. He thought we would have had our fill of his opinions but apparently there are “addicts” out

there. Wesco is a quiet enterprise. It has a $2B market cap, up from $20M at the time they started buying

back stock. That is a failure in comparison to Berkshire Hathaway (BRK), but compared to other

companies it looks alright.
 
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