Munger Talks Success, Advocates Investing On a Drawdown

Warren Buffett and Charles Munger admire disclipline when purchasing investments on a drawdown, a common tactic utilized by certain discretionary managed futures funds. But Munger is not likely to know about these entities where the profits are independently audited by a regulatory authority generally considered not controlled by Wall Street.

Charlie Munger on trading derivatives

Trading derivatives is “like the slaughter of the innocents,” Munger said in a recent Jason Zweig interview published in the