I do not use a formulaic approach to valuing a company or stock like future cash flow etc. … - Charlie Munger

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Quote of the day

The purpose and cause of the incarnation was that He might illuminate the world by His wisdom and excite it to the love of Himself.

Charlie Munger

I do not use a formulaic approach to valuing a company or stock like future cash flow etc. If the gap between value and price do not look attractive, I go to something else.

Approach, Company, Formulaic, Stock, Use, Valuing

Same Author Quotes

Show me the incentive and I will show you the outcome

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Our biggest mistakes, were things we didn't do, companies we didn't buy.

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Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

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Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

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'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Different, Men, Practice, Practices, Thinking, Under

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Jean Genet

Limited by the world, which I oppose, jagged by it, I shall be all the more handsome and sparkling as the angles which wound me and give me shape are more acute and the jagging more cruel.

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Peter Abelard

The purpose and cause of the incarnation was that He might illuminate the world by His wisdom and excite it to the love of Himself.

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Lou Holtz

The only people who aren't going to be criticized are those who do absolutely nothing

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Cee Lo Green

I feel like I'm really accomplishing something with harmony and melody. Ultimately, again, I'm not a singer, some people can sing with an "I" or an "a," some people can sing and they can sang. I think I can "sang" more than anything. I'm not a formal singer and I'm an MC, but it's secondary to the second nature of just melody. You know but ultimately I'm a writer and I do soul music. Whether it's in song form or rhyme scheme, it's soul.

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Murray Bookchin

To speak of ‘limits to growth’ under a capitalistic market economy is as meaningless as to speak of limits of warfare under a warrior society. The moral pieties, that are voiced today by many well-meaning environmentalists, are as naive as the moral pieties of multinationals are manipulative. Capitalism can no more be ‘persuaded’ to limit growth than a human being can be ‘persuaded’ to stop breathing. Attempts to ‘green’ capitalism, to make it ‘ecological’, are doomed by the very nature of the system as a system of endless growth.

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