Tough to argue with Charlie Munger. I like to focus people on eliminating the noise from decisions and using the facts. For example, I received a call from an investor who asked me, "Why is the attorney general in Michigan expanding his investigation into your company?" I asked the investor for the source of the information and he pointed to a news story. I asked him the AG actually said those words on the record or if it was something the reporter simply embellished to get clicks? Needles to say, the investor had as good laugh at himself, and I made a new friend.
Tough to argue with Charlie Munger. I like to focus people on eliminating the noise from decisions and using the facts. For example, I received a call from an investor who asked me, "Why is the attorney general in Michigan expanding his investigation into your company?" I asked the investor for the source of the information and he pointed to a news story. I asked him the AG actually said those words on the record or if it was something the reporter simply embellished to get clicks? Needles to say, the investor had as good laugh at himself, and I made a new friend.