Munger Talks Success, Advocates Investing On a Drawdown
Warren Buffett and Charles Munger admire disclipline when purchasing investments on a drawdown, a common tactic utilized by certain discretionary managed futures funds. But Munger is not likely to know about these entities where the profits are independently audited by a regulatory authority generally considered not controlled by Wall Street.
Charlie Munger on trading derivatives
Trading derivatives is “like the slaughter of the innocents . . .
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