Charlie Munger: Tooth Fairy Points
on Thursday, August 22, 2019Charlie Munger Money Quote saying that Berkshire Hathaway doesn’t use trendy strategies that are comparable to children’s fairy tales to invest. Charlie Munger said:
“I think you’d have to believe in the tooth fairy to believe that you could easily outperform the market by seven percentage points per annum just by investing in high volatility stocks” — Charlie Munger
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