Consumers who make value-buys in the general marketplace may not be able to replicate this behaviour in the financial markets due to certain reasons. Here s why
"Central banks the world over have been guiding towards somewhat elevated interest rates and lower liquidity. The equity markets, however, are continuing to value assets like they were when the rates were very low," says Rajeev Thakkar, Chief Investment Officer and Director, PPFAS Mutual Fund.
Charlie Munger was a complex thinker, while Warren Buffett is a simple thinker. Buffett is a deal maker. Munger was a wall that Buffett had to face for every decision he took. Without Munger, Buffett would have eventually achieved the status of the greatest investor, but chances are he would have missed out on opportunities like Apple.