TREVNI Posted February 23, 2021 Share Posted February 23, 2021 I'm searching for a Munger quote (could be Buffett) in which he said it would be an intelligent investing strategy to follow 300 companies and wait for a few to go on sale. I swear it was at a Daily Journal meeting, but I've had no luck listening to a few prior meetings. Does anyone remember this comment or am I now dreaming up Mungerisms? Thanks! Link to comment Share on other sites More sharing options...
ValueMaven Posted February 24, 2021 Share Posted February 24, 2021 Howard Buffett has said something very similar ... dont recall Warren or Charlie saying that specifically. I do agree with that approach :) Link to comment Share on other sites More sharing options...
coc Posted February 24, 2021 Share Posted February 24, 2021 He had said he heard from someone who was trying that approach, and he thought it was a perfectly intelligent thing to do - and yet few would be able to do it. Like you, I can't for the life of me remember where he said it. But I'm here to say you're not crazy! 8) Link to comment Share on other sites More sharing options...
TREVNI Posted March 16, 2021 Author Share Posted March 16, 2021 Found it! Thank you LongHaul! It's from the 2014 DJCO AGM. “One person said to me, 'I have a list of 300 potentially attractive stocks, and I constantly watch them, waiting for just one of them to become cheap enough to buy.' Well, that's a reasonable thing to do. But how many people have that kind of discipline? Not one in 100.” Link to comment Share on other sites More sharing options...
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