LongHaul Posted January 25, 2019 Share Posted January 25, 2019 Munger's comments on value investors from recent WSJ article. Any thoughts? The money managers among them are “like a bunch of cod fishermen after all the cod’s been overfished,” Mr. Munger tells me. “They don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” https://www.wsj.com/articles/when-charlie-munger-calls-listen-and-learn-11548421209?mod=hp_lead_pos9 Link to comment Share on other sites More sharing options...
Guest Posted January 25, 2019 Share Posted January 25, 2019 I liked the quote but, I'll say if they knew where to cod were they would've started fishing there already. ;) Link to comment Share on other sites More sharing options...
gfp Posted January 25, 2019 Share Posted January 25, 2019 Charlie just dropped this same quote at the meeting. Fish where the fish are gentlemen I liked the quote but, I'll say if they knew where to cod were they would've started fishing there already. ;) Knowing Charlie, he’s probably thinking of ponds like China and would point out that ‘the Mungers’ have been fishing there for some time Link to comment Share on other sites More sharing options...
DooDiligence Posted January 26, 2019 Share Posted January 26, 2019 This seems loosely related to a WEB quote, "What the wise do in the beginning, fools do in the end." Link to comment Share on other sites More sharing options...
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