Heh, saw chatter about Berkshire Hathaway meeting and thought, “dammit, Burning Man time for lifehackers... otherwise nice people are going to be insufferably mungery for weeks now” Then I saw NYT describe it as “Woodstock for capitalists”. Same metaphor, different generation.
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Whoa Munger has a net worth of only 1.7B compared to Buffett’s ~90B. I thought they were more in the same league than that
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It’s def his eyes
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At least amongst casual investors, Buffett is seen as "everyone knows about him" so it's not high status. Munger is the sophisticated person's choice of rule model
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For me, his key insight: [...] Just think of it as a heavy odds against game full of craziness with an occasional mispriced something or other. And you're probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up.
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I've got more quotes in the same vein stashed here: https://norswap.com/munger-opportunity/ …
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