Charlie Munger’s Math: Lose A Negative, Gain A Positive
In fourth grade subtracting negative numbers perplexed me.Q2 2020 hedge fund letters, conferences and moreSubtract negative five from ten and get fifteen?Charlie Munger's Math: 10 - (-5) = 15How could a “take away” result in addition?How could less be more?How could the loss of a negative be a gain?“People Do Not React Symmetrically To Loss And Gain.” --- Charles T. MungerI could perform the operation by rote.But I could not understand how subtraction could result in addition.When my daughter entered fourth grade she asked the same question.I thought awhile.“Throw a party.Don’t invite party po...