Another Charlie Classic For All Time!

[Parsad]

When asked about building a circle of competence, after a lovely long answer by Buffett, Charlie responds:

 

"There is an advantage in specialization.  No one wants a doctor who is half dentist and half proctologist!"

 

Classic!  Cheers!

[Parsad]

One more near the end of the meeting...when asked about why See's never became as big as Mars or Hershey.  Again, after an expansive answer by Warren, Charlie responds:

 

"We've failed at growing See's like you've failed at winning the Nobel Prize and immortality!  It's just too hard for us!"

 

Cheers!

[LightWhale]

CM was interviewed (for 6 hours) by the WSJ:

https://www.wsj.com/articles/charlie-munger-unplugged-11556935195

 

If anyone knows how to get around the paywall i'd be happy to read the transcript.

[Guest longinvestor]

Why is Warren richer than you are? Was it because he started earlier?

 

Yes, but how come Einstein was poorer than I am?

 

[LongHaul]

CM was interviewed (for 6 hours) by the WSJ:

https://www.wsj.com/articles/charlie-munger-unplugged-11556935195

 

If anyone knows how to get around the paywall i'd be happy to read the transcript.

 

The Munger article was brilliant.  Lots of nuggets of wisdom. 

[longterminvestor]

Article Printed

Charlie_Munger_Unplugged_-_WSJ.pdf

[bookie71]

Thanks

[CorpRaider]

When asked about building a circle of competence, after a lovely long answer by Buffett, Charlie responds:

 

"There is an advantage in specialization.  No one wants a doctor who is half dentist and half proctologist!"

 

Classic!  Cheers!

 

I've already used that one in the office twice.  Thanks Charlie!

[nickenumbers]

I would rather make money playing a piano in a whorehouse.  --Charlie Munger!

[nickenumbers]

A horse that can count to 10 is not a Mathematician, it is a Horse.. that can count to 10...    Charlie Munger

[Jurgis]

I would rather make money playing a piano in a whorehouse.  --Charlie Munger!

 

Where do I sign up?  ::)

[thowed]

Thanks, Longterm.

[DooDiligence]

I would rather make money playing a piano in a whorehouse.  --Charlie Munger!

 

Valid career move.

 

Does anyone know if Charlie plays piano?

 

---

 

'This is my business, so I was kinda surprised', Bill Gates on Munger: … 'when discussing venture capitalists who defend stock options he deems them' "no better than the piano player in a whorehouse".

 

https://medium.com/@victorosyka/summary-poor-charlies-almanac-book-6d50bd73258f