Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
The Lost Book of Sales
FEBRUARY 1, 2021
” When faithfully adhered to, these traits result in one of the best-known Munger characteristics: not buying or selling often! At best, they are merely the beginning of a proper calculation of intrinsic valuation, not the end. ” For example, do they deploy cash? Few businesses survive over multiple generations.
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