@avichal Munger is a man of great wisdom whose commentary and writings are an indispensable part of the investing canon. One idea I think is essential to push back on is “invest in what you know”. This is a fundamental Mindset flaw and surprised this view is being ascribed
https://twitter.com/avichal/status/1388626762670559235
to Munger, a life long learner. Some of our best investments have been in areas I knew nothing about like Sovereign debt trades in Greece and Argentina, structured credit starting in ‘07 (short then long) and privates/VC. We don’t Ape into these things but
do the requisite work to familiarize ourselves with the fundamentals and market structure of these new areas. I trust our efforts in digital currencies, blockchain and Defi will pay off.
Sometimes the bigger risk is not being involved than staying in your comfort zone on the sidelines. 💎🙌🏻🚀
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