Image Credit: Nick Webb, 2010 (Flickr)
If the coronavirus lockdown has frozen your investing plans, you’re in good company. Charlie Munger is watching and waiting, too.
Mr. Munger, vice chairman of Berkshire Hathaway Inc. and Warren Buffett’s longtime business partner, likes to say that one of the keys to great investing results is “sitting on your ass.” That means doing nothing the vast majority of the time, but buying with “aggression” when bargains abound.
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This article was originally published on The Wall Street Journal.
Further reading
Peter D. Kaufman (editor), Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
Tren Griffin, Charlie Munger: The Complete Investor
Benjamin Graham, The Intelligent Investor
CNBC’s compilation of interviews with and comments by Munger
A satisfying compendium of all manner of Munger material by Austin Capital (PDF)
Jason Zweig, On Charlie Munger
25iq, Charlie Munger