Do you really think Munger managed his partnership without leverage? Look at the volatility of the returns on this tablepic.twitter.com/5letsL3cwh
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Do you really think Munger managed his partnership without leverage? Look at the volatility of the returns on this tablepic.twitter.com/5letsL3cwh
No, I knew he levered up. But that’s not the Munger he presents in public
I sometimes feel a little bad when I think that there must be people who have dedicated significant chunks of their lives to Buffett and/or Munger worship without actually knowing who they really were or what they really did. Want to believe I'm wrong about that.
I think most people who have studied them knows what they were really like in their prime. But yeah, a lot of investors probably think that they always invested like they have invested in the past two decades
What is this from?
The snowball
Which book is this ?
The snowball
What book is this?
Ze Znowball
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