Timeless wisdom from one of the greatest minds of our times on investment. Worth thinking about it for a while…
Some great quotes from Charlie Munger, vice-chairman of Berkshire Hathaway, found in Janet Lowe’s interesting book, Damn Right!.
« The basic concept of value to a private owner and being motivated when you’re buying and selling securities by reference to intrinsic value instead of price momentum – I don’t think that will ever be outdate. »
« The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple ».
Source: Damn Right! Behing the Scenes with Berkshire Hathaway Billionaire Charlie Munger, Janet Lowe, John Wiley & Sons, 2000, page 78.