3-Bullet Sunday (Charlie Munger Notes, Chris Cerrone's From Akre Capital Quality Discussion and Fred Liu's Latest Letter)
This week is jam packed with insights!
This week has been a busy and fulfilling week of networking with other investors and listening to Charlie Munger dropping wisdom bomb at the Daily Journal meeting.
Some photo to share with you!
Meet up with Fred Liu of Hayden Capital:
I. Charlie Munger Speaks at the Daily Journal Meeting
At 98, Munger is as sharp as ever.
His recent 2-hours sharing at Daily Journal was 🔥
Talked about Alibaba, Costco, Activision Blizzard, crypto, interest rates, envy, antitrust, the great resignation, growth vs value investing and more.
If you don’t have time to watch the full 2-hours, check out my notes.
II. A Quality Discussion
Chris Cerrone is a fund manager at Akre Capital and I really enjoyed this discussion.
Topics covered:
How to increase the investing feedback loop
Akre Capital investing process
How Zen Motorcycle helped him think about quality
III. Hayden Capital Discussion on Sea Limited
In this letter, Fred discusses:
Market volatility
Investor’s psychology
Sea Limited’s operations in Brazil and thoughts on valuation
Read Here: Hayden Capital Quarterly Letter 2021 | Vol. 4
That’s all for this Sunday. 3 gems that I found most insightful.
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See you again next week.
Cheers,
Thomas