Charlie Munger, a proponent of making yourself a learning machine, has the following to say about his partner Warren Buffet:
For the uninitiated, there is a new book about Charlie Munger (Bershire Hathaway’s Vice Chairman) titled Charlie Munger: The Complete Investor. The text concisely details the principles of value investing, and explores Munger’s process. It may be repetitive if you have followed his career or read Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger. But otherwise I would highly recommend it as an introduction to this great investor.
This particular tip has saved me a lot of time formatting Excel workbooks over the years. Unfortunately I did not learn it immediately, and I wish I had.
We are working on a series that will introduce Excel for the purpose of building financial models. The first three videos have been posted, and more will follow, but in the interim any feedback would be greatly appreciated.
I recently received a question from a user that highlighted the first error identified on the site since we launched in 2013:
Q: “I really appreciate your site and model. I’ve found it very valuable. I was rebuilding your model for an additional company and believe you may be double counting the RLOC interest. On row 28 of the completed Home Depot model you are adding rows 168 and 253 which are the RLOC interest rows and total interest rows. The total interest row (row 253) adds rows 168 and 251, thus I believe row 168 is being included twice. Am I overlooking something?”