Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
The Lost Book of Sales
FEBRUARY 1, 2021
Multiple mental models serve as a framework for gathering, processing and acting on information. As a securities investor, you can watch all sorts of business propositions in the form of security prices thrown at you all the time. At best, they are merely the beginning of a proper calculation of intrinsic valuation, not the end.
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