The math behind "it's better to buy a great company at a fair price, than a fair company at a great price".https://twitter.com/Molson_Hart/status/1178065121593180160 …
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Haha, love it. >They buy/create monopolies. Agree, or at least companies with producer surplus that they do not turn into consumer surplus. >Bankrupt innovators with litigation & an advertising arms race. Where can I read more about this.
>Squeeze the life out of suppliers & employees. Where can I read more about this? I'm not sure they do this. >Pretend to be wise generous old men I think they're overrated as good people for the human race, but I have to say that Charlie Munger is my personal Jesus.
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He convinced me to be a better person by telling me that high intregrity behavior is actually better for you! It changed me. I think their greatest contribution to society is not their wealth, nor their contributions to charity, but instead their explanation of what they do.
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It's significantly more difficult to do what they did because they've explained it. That's probably a good thing for society. I wrote this, it's very on topic.https://medium.com/@mike_95126/an-argument-against-stock-picking-and-the-veneration-of-warren-buffett-8ee96ef0bd76 …
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