Money and Finance
These are also from yesterday's Berkshire Hathaway Annual Meeting (where Munger said he thought the U.S. would be lucky to get 1% REAL GDP growth over the next 20 years, and cited increased foreign competition as one reason):
"We have found in a long life that one competitor is frequently enough to ruin a business."
"The world is getting very much more competitive."
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- More Notes From The Daily Journal Annual Meeting (four Parts)
Link to: Part 1 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 2 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 3 - Charlie Munger And The 2014 Daily Journal Annual...
- Charlie Munger Quote
The quote below was one of my favorite quotes from Saturday’s Berkshire Hathaway Annual Meeting. I believe it came right after Munger was discussing how Berkshire’s record wouldn’t have been as good as it is if they wouldn’t have been flexible...
- Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...
Money and Finance
Charlie Munger quotes on competition
These are also from yesterday's Berkshire Hathaway Annual Meeting (where Munger said he thought the U.S. would be lucky to get 1% REAL GDP growth over the next 20 years, and cited increased foreign competition as one reason):
"We have found in a long life that one competitor is frequently enough to ruin a business."
"The world is getting very much more competitive."
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- More Notes From The Daily Journal Annual Meeting (four Parts)
Link to: Part 1 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 2 - Charlie Munger And The 2014 Daily Journal Annual Meeting: A Fan's Notes Link to: Part 3 - Charlie Munger And The 2014 Daily Journal Annual...
- Charlie Munger Quote
The quote below was one of my favorite quotes from Saturday’s Berkshire Hathaway Annual Meeting. I believe it came right after Munger was discussing how Berkshire’s record wouldn’t have been as good as it is if they wouldn’t have been flexible...
- Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...
- Charlie And Checklists
"Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure in the world that will work as well." -- Charlie Munger -...