CHARLIE MUNGER
Vice Chairman of Berkshire Hathaway Corporation, diversified investment company chaired by American renowned investor Warren Buffett. Known as Charlie, he founded Munger, Tolles & Olson LLP, a real estate company in 1948. Then he started focusing on managing investments and created an investment company Wheeler, Munger and Company in 1965, obtaining a seat on the Pacific Coast Stock Exchange. He met Buffett while practicing law in Omaha, and joined Berkshire.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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