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Atmrix

About

CM

Charles Munger

07/21/21

@ Life Stories

We have bought businesses that initially seemed good but turned out poorly; we hold onto mediocre ones unless they present unsolvable problems.

Video

LS

Charles Munger Interview: The Power of Partnership with Warren Buffett

@ Life Stories

Charles Munger Interview: The Power of Partnership with Warren Buffett

07/21/21

Related Takeaways

PC

Parker Conrad

01/11/25

@ Y Combinator

We initially started a company based on a bad idea, trying to create a wiki for stock research, but it never took off, which is common in consumer businesses where success can feel random.

CM

Charles Munger

07/21/21

@ Life Stories

Warren and I both wanted to buy good companies at cheap prices, which became essential when we started acquiring entire companies.

PS

Peter Singlehurst

03/19/25

@ 20VC with Harry Stebbings

Not all of our bad investments are necessarily mistakes; sometimes negative outcomes are part of the uncertainty inherent in investing.

AK

Alexander Karp

03/12/25

@ The 92nd Street Y, New York

The decisions that seemed like the worst business choices often turned out to be the best, especially when they were aligned with core values.

CM

Charles Munger

07/21/21

@ Life Stories

I made millions value investing in poorly managed companies that I bought very cheaply, but it's much more enjoyable to watch someone you admire succeed than to see a poorly managed company fail.

PB

Paul Buchheit

03/07/18

@ Y Combinator

Investing out of pity for founders rarely yields returns; focus on strong, capable founders instead.

PB

Paul Buchheit

03/07/18

@ Y Combinator

Most investments won't succeed, and it's easy to overthink and miss good opportunities; I try not to let past failures cloud my judgment.

BH

Ben Horowitz

04/29/25

@ a16z

We realized that venture capital is a mediocre product for entrepreneurs, offering little more than money and occasional advice, which diminishes quickly over time.

TL

The Logan Bartlett Show Cast

05/24/25

@ The Logan Bartlett Show

We focus on investing in companies that can potentially become generational, even at high valuations, if they have the right market adjacencies.