In this segment from The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Charlie Munger's wisdom and how the investing great strives to be rational. The guys also highlight two happenings in today's market that seem irrational.

Matt suggests investors are focusing too much on what went wrong in the financial sector during the crisis, while David reminds viewers how hard it can be to "buy low."

David Hanson owns shares of JPMorgan Chase, American International Group, and American Express. Matt Koppenheffer owns shares of Bank of America, JPMorgan Chase, and American International Group.

The Motley Fool recommends American Express, American International Group, Bank of America, and Wells Fargo. The Motley Fool owns shares of American International Group, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo and has the following options: long January 2014 $25 calls on American International Group. Try any of our Foolish newsletter services free for 30 days.

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