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Wednesday, January 03, 2007

How To Become A Good Investor

Charles T Munger, Vice-Chairman of Berkshire Hathaway Corporation writes:

'If you're going to be an investor, you're going to make some investments where you don't have all the experience you need. But if you keep trying to get a little better over time, you'll start to make investments that are virtually certain to have a good outcome. The keys are discipline, hard work, and practice. It's like playing golf -- you have to work on it.'

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