chrispy Posted January 13, 2017 Share Posted January 13, 2017 Munger’s holdings at DJOC consist of ~99% US banks all purchased sometime in 2009. At that time I was still getting my feet on the ground and was not involved with investing at all. Therefore it is hard for me to understand the emotions/anxiety/fear of the time for most human investors. For those that can shed some light on this period: Would an investor have been able to learn about these purchases, and similar purchases by WEB, and had the courage to jump into what were risky businesses? Is it that these purchases weren’t made public until the end of the quarter/year that made it not feasible to do this? In other words, did the stamp of approval by Munger/Buffett make these a no brainer for the educated investor? Part of me is just interested in the history of this period and how things have transpired since. The other part is trying to determine how much it is worth studying the recent purchases by successful money managers. Link to comment Share on other sites More sharing options...
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