"Charlie Munger on how he invested when younger compared to today, and how he reads books"

From Value Investing World:

I’ve posted iterations of these quotes from the Daily Journal Annual Meeting, but they are worth repeating yet again because I really think they show the shift Munger made not just in his investment focus, but also how he adjusted his activities to fit how he wanted to spend his time, which I think is especially evident in the comment “I was thinking about things I didn’t want to think about.” The excerpts below were taken from Shane Parrish's Notes.

Munger on his investing shift over time:

Kind of like Warren, when I was young I scrambled around doing anything that would work. I could get tiny little obscure companies who were too cheap because they were on the pink sheets and all kinds of things. As I got more money, I decided I didn't like all that scratching around. I was thinking about things I didn't want to think about....MORE