![]() ![]() “Neither my father or my grandfather believed that a degree was necessary, or even useful, in the investment business.” Chris Davis "Mostly, if you go to business school you will learn a lot of things we don’t believe." Charlie Munger "If calculus were required, I'd have to go back to delivering papers." Warren Buffett Intellectually active people are particularly attracted to elegant concepts, which can have the effect of distracting them from simpler, more fundamental truths.” Peter Cundill “Just as many smart people fail in the investment business as stupid ones. "There’s a great desire of the priesthood in finance to want to teach the things that they know and you don’t know and that they spent a long time learning and that maybe requires a fair amount of mathematics. And it really has nothing to do with investment success." Warren Buffett "I am not putting down the study of economics, business cycles, and even security analysis. But knowing them does not guarantee success, and if you haven't a clue about them, there may be hope for you yet." Adam Smith, The Money Game Also, look around you and find your role models and ask them what principles led them to be successful." Ray Dalio ![]() You can work yourself up from running a little store or other simple experiences, and you can go online and get wonderful courses on any skill that you want to acquire. And I do think you learn a lot from the most basic experiences. "I don’t think you learn the most from an MBA anyway. "I never had any business school training, why should you have any?" Charlie Munger "We start with some good news about your education: simply put, if your goal is to beat the market, an MBA or a PhD from a top business school will be of virtually no help. Well, it's good news, that is, if you haven't squandered tons of money and time at a business school in the single-minded quest for stock market success." Joel Greenblatt “One thing I’ve noticed in a long life is that you can be a perfect nut with a high IQ.” Charlie Munger "I would say we’ve seen relatively little correlation between investment results and IQ." Warren Buffett "Much of what is taught in modern corporate finance courses is twaddle." Charlie Munger
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