Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game. Charlie Munger assetcompanyearnings Change image and share on social
If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change. Charlie Munger casechangecompany share on social
People are trying to be smart - all I am trying to do is not to be idiotic, but it's harder than most people think. Charlie Munger hardidioticpeople Change image and share on social