Every Warren Buffett needs a Charlie Munger
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Representative Photo: A display showing the German Stock Market Index DAX is pictured at the stock exchange in Frankfurt, Germany.
(AFP)
Jason Zweig
, The Wall Street Journal
Online trading buddies can lift you up when you’re feeling down. But real-world friends tell you when you’re wrong.
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As anyone who’s ever raised or been a teenager knows, happy outcomes are rare when groups of people egg each other on in a risky activity.
Just look at financial markets now. An activity that people have historically pursued in isolation buying and selling stocks and other assets has become the hottest way to socialize.
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