,
7 tweets,
2 min read
Read on Twitter
Charlie Munger gave his annual two hour talk and Q&A, so I spent two hours listening. A joy at 95
- Diversification gets you average performance so it better be cheap
- Fish where the fish are
- Yes, he’s poorer than Buffett. But richer than Einstein!
dropbox.com/s/vlh308ig8u39…
- Diversification gets you average performance so it better be cheap
- Fish where the fish are
- Yes, he’s poorer than Buffett. But richer than Einstein!
dropbox.com/s/vlh308ig8u39…
A young man had a prize horse that kept getting sick. He took it to the vet, “Dr. I have a problem...”
The doctors says “No problem, this is easy to fix
Next time your horse looks healthy, sell it!”
...and that’s Private Equity
The doctors says “No problem, this is easy to fix
Next time your horse looks healthy, sell it!”
...and that’s Private Equity
“If you take the high road, it’s never crowded”
“It’s always a mistake to marry for money, and it’s really stupid when you‘re already rich.
It’s also really stupid when you’re already rich to get a reputation as a no-good Nick”
“It’s always a mistake to marry for money, and it’s really stupid when you‘re already rich.
It’s also really stupid when you’re already rich to get a reputation as a no-good Nick”
Pastor: “Now is the time in the funeral when we say something nice.”
Nobody moves, nobody moves, and finally someone stands
“Well, his brother was worse”
When Harry Cohen died the saying was everyone went to the funeral to make sure he was dead!
Think of how your life works
Nobody moves, nobody moves, and finally someone stands
“Well, his brother was worse”
When Harry Cohen died the saying was everyone went to the funeral to make sure he was dead!
Think of how your life works
Young man: “Mozart, I want to write symphonies”
Mozart: “Well, how old are you?”
YM: “I’m 23”
M: “You’re too young!”
YM: “But you were only 10 when you wrote your first symphony”
M: “Yes, but I wasn’t asking anyone how to do it”
Mozart: “Well, how old are you?”
YM: “I’m 23”
M: “You’re too young!”
YM: “But you were only 10 when you wrote your first symphony”
M: “Yes, but I wasn’t asking anyone how to do it”
Some rich people die and build these huge mausoleums
I guess the idea is they want people to walk by and think “Wow, I wish I was in there!”
I guess the idea is they want people to walk by and think “Wow, I wish I was in there!”
Politicians are never so bad that you don’t live to want them back
When I was young the legislature was full of small time crooks and prostitutes and so on
Fade in, fade out, we have a different kind of legislature now
And I want those crooks and lobbyists and prositutes back
When I was young the legislature was full of small time crooks and prostitutes and so on
Fade in, fade out, we have a different kind of legislature now
And I want those crooks and lobbyists and prositutes back
