Our game is to recognize a big idea when it comes along, when one doesn’t come along very often. Opportunity comes to the prepared mind.
Born: January 1, 1924
Charles Thomas Munger is an American investor, businessman and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation. (Source + full bio: Wikipedia org)
How Soon Should You Launch Your Enterprise?
• Director’s Definition
• Mimicking the Herd
• Eggs in One Basket
• Reading and Thinking
• Extreme Objectivity
• Good Ideas Are Hard to Find
• Good vs. Bad Investment Ideas
• Margin of Safety
• Costco vs. Rockefeller Foundation