How did Charlie Munger and Warren Buffett overcome the financial crisis?
A simple but effective method of 2 elders from Omaha; You paid attention to the quality of the gain instead of the thrill.
In a note published in Bloomberg, financial expert Nir Kieser, by examining the investment strategy of Warren Buffett and Charlie Munger during the formation and collapse of the dot-com bubble, discusses the lessons of this experience for investors in the age of artificial intelligence.
◀ He believes that focusing on the quality and profitability stability of the companies, instead of following the excitement caused by the emergence of new technologies, can reduce the risk of investment and form a basis for achieving good returns in the long term.
Nir Kiser wrote in Bloomberg: As artificial intelligence advances, increasingly dominates the financial markets and creates new wealth, I often think of these two legendary investors.
◀ I go back to the 90s and imagine how these two watched in amazement the rise of the Internet, a new technology that created a new world, a new language and a huge fortune.
Full report on the Senate website.