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Unformatted text preview: customers happy, then the regulators tend to stay away. ii) If companies keep customers happy then that creates durability 3) Advice a) You must love to read b) You must love to be up at 5 in the morning c) It must excite you d) You must want to be there, because you will be there and be reading all the time e) You must love to read f) Always learn the right thing from your mistakes g) Don’t invest in the ten year old race horse h) Momentum investing is insanity 4) Qualities of a good Fund Manager a) Temperament b) Think of yourself, not afraid to go against the crowd; it can be very lonely to be going against the crowd c) Have a humble ego; be willing to admit you are wrong d) Have an open mind – Charlie Munger e) Be curious f) Be a hard worker g) If you are excited about work then it is not work h) Most important organ is not the brain but the stomach i) Must love to read...
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- Finance, energy companies, long term perspective, Study Short term