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Another Charlie Classic For All Time!


Parsad
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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!

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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!

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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?

 

😂

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  • 2 weeks later...

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!

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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

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