These are some key insights Charlie Munger looks in an organization to acquire or invest.
(excerpts from the book, Charlie Munger: The Complete Investor) :
- Capital allocation
- Compensation systems that create alignment with shareholders.
- Moat-widening skills.
- Management in place with high integrity.
- Brilliant and exceptional managers.
Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.
–Charlie Munger