Warren Buffett’s business partner Charlie Munger is extremely fond of quoting the 1800s German mathematician Carl Gustav Jacob Jacobi who once said “man muss immer umkehren” which translates to “Invert, always invert.” The idea is that by looking at problems backward in addition to forwards, one can identify ways to avoid the problem entirely. Munger is a very wise man and this is extremely sound advice when it comes to investing. I thought it might be a good idea to utilize Jacobi’s principle to examine Five Ways to Invest Unsuccessfully:…
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