behavioral finance theory

Charlie Munger At DJCO Advice For Parents And Teachers

Charlie Munger shares his advice for teachers and parents at DJCO meet in 2018, on a question asked by Vishal Khandelwal of SafalNiveshak.com

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behavioral finance theory

My name is the Vishal. I come from India. My friend who told me to come here said that you are not getting any younger, but I think he was wrong when I see you. As for the officer, my question is that I am a teacher of value investing back in India. I'm also a parent. So my question is what would you advise me as a teacher to be there to help my kids and my students become better thinkers and diligent thinkers and also be happy in life. Thank you.

Well, I would say look the minute you have the attitude that you already expressed you are probably going to win in everything that you want to win at. You just keep trying to live a good life and a constructive life. And to be rational and to be honorable and to meet reasonable expectations of the people who depend on you.
Of course you are going to get ahead over time, and of course, the best way to teach is by example.
And of course, example works better when you win and behave right you are more likely to win

But I would say you're on the right track already all you have to do is keep at it

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