Jump to content

Alice Schroeder on Munger


Liberty
 Share

Recommended Posts

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.

Link to comment
Share on other sites

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!

Link to comment
Share on other sites

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.   

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...