Tag Archives: charlie munger

The human brain is capable of 1016processes per second, which makes it far more powerful than any computer currently in existence. But that doesn’t mean our brains don’t have major limitations. The cheap calculator can do math thousands of times better than we can, and our memories are often less than useless  – plus, we’re subject to cognitive biases, those annoying glitches …

‘Price is what you pay; value is what you get.’  – Warren Buffett When A High Price Is Still Cheap Let’s consider the price for a product rose from 275 USD in 1980 to over 219’000 USD today. No one would argue against, that this product has become quite expensive. But with stocks, the exact same price development doesn’t necessary mean …

Priorities & Profits A few month ago, a client of mine from Austria asked me to support him in the process of recruiting an employee for his office in Romania. The open position included regular office duties with a changing workload, sometimes low, but just the next day could bring a ton of work, I was told. And the candidate …