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Management Lessons from The Eminent Dead

“Make friends with the eminent dead.”- Charlie Munger

Investing is incredibly difficult, and the competition is fierce. Most people hope to get rich quickly with little work—of course, they do. Investors sometimes hear about some stock that folks have made money on and buy it blindly, hoping to get in on whatever the gold rush of the day is. Stories of great success in the stock market keep people coming back, but the people who make real money over time tend to focus on a fundamental quest...

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