Even at the age of ninety six, Charlie Munger (Trades, Portfolio) is nonetheless as sharp as a tack. As nicely as staying Warren Buffett (Trades, Portfolio)’s appropriate-hand man and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) vice chairman, Munger is the chairman of the Day-to-day Journal Corp. (NASDAQ:DJCO). Last 7 days, he spoke at the company’s once-a-year conference, the place – as normal – he provided quite a few priceless nuggets of wisdom for traders wanting to boost their own processes.
The moral critical to be rational
Munger subscribes to the belief that in order to be effective, traders will need to increase their