Alice Schroeder on Munger

[Liberty]

http://www.bloomberg.com/news/2011-07-15/corporate-america-to-miss-munger-as-mencken-commentary-by-alice-schroeder.html

[zarley]

Charlie will, indeed be missed.

 

One nit to pick . . . Schroeder links the famous raisins and turds comment to internet stocks.  I thought the context was about accounting rules.

[biaggio]

he will still be around brk/b

 

just not at Wesco, no?

[dcollon]

It's hard to think about losing either one, but I'm not sure if I will miss Warren or Charlie more. 

 

Biaggio, yes he will still be at the Berkshire meetings hopefully for a long time to come.

[Guest Hester]

Charlie will, indeed be missed.

 

One nit to pick . . . Schroeder links the famous raisins and turds comment to internet stocks.  I thought the context was about accounting rules.

 

I've heard/read Munger make this analogy probably a dozen times about a dozen different things. So it's probably about both at some point in time.

[Parsad]

No, I was there when it was asked.  The question was about internet stocks, and after Warren gave a long-winded answer, he turned to Charlie and he said "When you mix raisins with turds, you still get the turds."  We all went crazy in the Civic Auditorium.  Although that answer still could be applied to a number of things.  Cheers!

[zarley]

Hester/Parsad, thanks for clarifying on that.  As you say Hester, it is applicable to many things; I may just be remembering an occasion other than the original comment.

[Guest ValueCarl]

Hats off to Alice Schroeder! She did a great job paying homage to Mr. Munger for the value he represents to all Capitalists walking planet earth.