Join us in this insightful podcast as we delve into the timeless wisdom from Charlie Munger’s 1994 lecture on stock picking. In this lecture, Munger emphasized the importance of understanding fundamental principles such as accounting, decision tree theory, and the advantages of scale. He also discussed the significance of a company’s economic moat and the necessity of sticking to one’s circle of competence. Munger’s approach combines rigorous analytical methods with practical psychological insights, providing a comprehensive framework for making intelligent investment decisions. Whether you’re a seasoned investor or just starting, this podcast will equip you with valuable tools to navigate the complexities of the stock market. Not investing education or advice.