21 March 2016

Notes by Frank Olsson - "Early January I read an interesting book called Charlie Munger, the complete investor by Tren Griffin. I think the book makes a lot of sense and of course the proof of the formula is in the tremendous successes experienced by Warren Buffett, Charlie Munger and all the shareholders of Berkshire Hathaway. Investment success will normally start out with a plan which you try to stick to. For this to be possible the plan needs to be rather general and simple so it can allow changes in the market place to harmonise with the long term plan. The plan should be more philosophical than sophisticated, i.e. take into account the broader parameters of investment policy."

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