| One of the world’s most successful investors explains how he uses Occam’s razor (or Ockham’s razor) a principle of arriving at the most likely truth from philosophy. Suppose there exist two explanations for an occurrence. The one that requires the least speculation is usually correct. Another way of saying it is that the more assumptions you have to make, the more unlikely an explanation. Copyright notices: Part 1 of this video is used with the permission of the owner and reproduction is prohibited. Do not upload this video or you will be subject to action through the YouTube copyright protection program. Music credit: Bensound. http://bensound.com/ |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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