Charlie Munger: 'We tend to prefer the business which drowns in cash'

Warren Buffett and Charlie Munger speaking at the 2008 Berkshire Hathaway annual meeting.
Top ten investment books;
The Intelligent Investor by Ben Graham: amzn.to/2XP3Hvo
The Big Short by Michael Lewis: amzn.to/3ak7Wr0
The Dhandho Investor by Mohnish Pabrai: amzn.to/2PqQDgk
One Up On Wall Street by Peter Lynch: amzn.to/39JM2Kk
Ben Graham's Security Analysis: Sixth Edition, Foreword by Warren Buffett: amzn.to/2XNYtAh
The Little Book of Common Sense Investing by Jack Bogle: amzn.to/2UsGk8T
Common Sense on Mutual Funds by Jack Bogle: amzn.to/2Uxu2wl
Common Stocks and Uncommon Profits by Phil Fisher: amzn.to/2XOCU2v
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Peter Kaufman: amzn.to/2oBddW4
The Essays of Warren Buffett: Lessons for Corporate America: amzn.to/3EwbNxx
(The above are affiliate links.)

[@mrpmj00]

That construction business at the end of the year is just sitting in the yard like realestate (Buffet and Munger don't like this type of business) and no cash, whereas the stock market is highly liquid cash (preferable).

[@ReflectionOcean]

- Understand the nature of the business before analyzing financial statements
- Look for businesses that generate a lot of cash flow for ease of valuation
- Prefer businesses that have consistent cash flow rather than those with fluctuating profits
- Value businesses that provide cash flow regularly, like apartment properties
- Avoid buying businesses solely based on good management if they are in the wrong industry

[@pongfoong8760]

If you interested about four postfilio I can’t working alone hope you know.I often listen you because hope you can help .

[@ReflectionOcean]

- Understand the nature of the business before relying on financial statements for investment decisions.
- Look for businesses that generate substantial cash flow.
- Prefer businesses that have consistent cash flow over those that do not.
- Evaluate businesses based on their ability to provide cash returns.
- Consider investing in businesses that offer regular income streams like apartment rentals.
- Assess businesses based on their current cash-generating capacity.

[@vicheakeng6894]

The "BOOK OF INDEX"