Aug 20, 2019

Robert Hagstrom recalls a talk by Charlie Munger about finance "as part of a larger body of knowledge"

Rather than discussing the stock market, he intended to talk about “stock picking as a subdivision of the art of worldly wisdom.” ...[H]e challenged the students to broaden their vision of the market, of finance, and of economics in general; to see them...as part of a larger body of knowledge...that...also incorporates psychology, engineering, mathematics, physics, and the humanities... [E]ach discipline entwines with, and in the process strengthens, every other.

~ Robert Hagstrom, The Warren Buffett Way

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