Munger and sitting on your ass

“Investing is where you find a few great companies and then sit on your ass.”

While Forget the Noise isn’t about sitting on your ass and investing, it is a great approach for a time-poor professional. You need only spend a couple of hours a month (or week, you choose) on your investment portfolio. Why pay well over 1% per year to someone else when you can do it yourself?

More on Charlie (source: Wikipedia):

Charlie Munger is an American investor, businessman, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Buffet has described Munger as “[his] partner.” Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

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