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Revisiting AK’s simple strategy with Charlie Munger.
By A Singaporean Stockmarket Investor (ASSI)  •  July 7, 2014
Readers who attended InvestX Congress last month would remember that I quoted Charlie Munger: "It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities." Charlie Munger Lesson #1: We always need a war chest. Lesson #2: There will be great opportunities to make money. Be patient. Progressing from this, readers will also remember that, at the event, I attributed the moderate success I have had in my stock investing journey to my inclination to take a look when there is blood on the streets. "When there is blood on the streets, go take a look lah," AK. This is, of course, a Singlish version of what Sir John Templeton said, "buy when there's blood in the streets". Like my fellow blogger, SMOL, I borrow with pride......
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By A Singaporean Stockmarket Investor (ASSI)
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