The advantages of scale can bring considerable benefits to companies and are “ungodly important” to a business’s long-term prospects, Charlie Munger noted in his now-famous speech, The Art of Stockpicking. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Munger’s talk on stock picking contains some of his most informative lessons. In the discussion, he combined his thinking on mental models, as well as psychology, and applied it to the process of picking stocks for investment success. His thoughts on the advantages of scale were particularly poignant. “Ungodly important” benefits…
Charlie Munger The Art of Stockpicking: Benefits of Scale
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk