Money and Finance
- Stretching For The Right People...
Comment from Charlie Munger about Iscar, via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:It’s not a Ben Graham stock – in fact, it would be the ultimate non-Ben Graham stock. It’s located a few miles from the Lebanese border in Israel....
- Charlie Munger On Capital And Credit In 2005...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:It is weird the way that capital occurs. We have monetized houses in this country in a way that’s never occurred before. Ask Joe how he bought a new Cadillac [and he’ll say] from borrowing...
- Charlie Munger On Berkshire's 15 Best Deals...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:The reason I keep talking about the record without the 15 best deals is that it shows how few deals you need in a lifetime. The people who need a deal every month, by and large, they all...
- Leucadia Annual Meeting Notes
From The Inoculated Investor blog: 2009 Leucadia Annual Meeting Notes ……………….. Related previous post: Leucadia 2008 Letter to Shareholders ...
- Leucadia's Unmined Potential
LEUCADIA NATIONAL MAY BE THE CLOSEST THING to what Berkshire Hathaway was 20 years ago, before Berkshire became so large that Warren Buffett needed investments of several billion dollars to move the needle.-Run for 30 years by a secretive duo, Ian Cumming...
Money and Finance
Charlie Munger on Leucadia and telecom...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:
We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible.
I look at telecom and all the change and my reaction is that of Samuel Goldman: “Include me out.” I’m just not suited for this; I don’t know how to predict those outcomes, so I leave it to other people.
- Stretching For The Right People...
Comment from Charlie Munger about Iscar, via Whitney Tilson’s notes from the 2007 Wesco Annual Meeting:It’s not a Ben Graham stock – in fact, it would be the ultimate non-Ben Graham stock. It’s located a few miles from the Lebanese border in Israel....
- Charlie Munger On Capital And Credit In 2005...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:It is weird the way that capital occurs. We have monetized houses in this country in a way that’s never occurred before. Ask Joe how he bought a new Cadillac [and he’ll say] from borrowing...
- Charlie Munger On Berkshire's 15 Best Deals...
Via Whitney Tilson’s notes from the 2005 Wesco Annual Meeting:The reason I keep talking about the record without the 15 best deals is that it shows how few deals you need in a lifetime. The people who need a deal every month, by and large, they all...
- Leucadia Annual Meeting Notes
From The Inoculated Investor blog: 2009 Leucadia Annual Meeting Notes ……………….. Related previous post: Leucadia 2008 Letter to Shareholders ...
- Leucadia's Unmined Potential
LEUCADIA NATIONAL MAY BE THE CLOSEST THING to what Berkshire Hathaway was 20 years ago, before Berkshire became so large that Warren Buffett needed investments of several billion dollars to move the needle.-Run for 30 years by a secretive duo, Ian Cumming...