Charlie Munger’s 5 Rules of Wealth.

Warren Buffett's long time business partner Charlie Munger always attributed his investing success to 5 core investing rules. So, what are they, and how did Munger use these value investing principles at the Daily Journal and Berkshire Hathaway to become a billionaire?

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0:00 Charlie Munger's Investing Tricks
1:50 Inversion
4:27 Staying Calm
8:15 Humility
11:00 Circle of Competence
11:50 Robust Business Models