Author Topic: Help finding Munger quote  (Read 738 times)

TREVNI

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Help finding Munger quote
« on: June 30, 2020, 09:55:49 AM »
I'm looking for something Munger said a few years ago to the effect of: Do you think Warren would have carefully built Berkshire only to ignore the topic of succession.

I've looked in the annual meeting transcripts, and searched Google extensively. I'm thinking it might have been a comment at DJCO, but I cannot find anything. Does anyone remember this, or could point me to the origin?  Thanks!!!


oscarazocar

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Re: Help finding Munger quote
« Reply #1 on: June 30, 2020, 10:20:07 AM »
There is an interview on Yahoo Finance with Andy Serwer (former editor of Fortune) from 2019 where he talks about it.

https://finance.yahoo.com/news/charlie-munger-common-sense-berkshire-hathaway-succession-112631602.html

ANDY SERWER: How do you make the decision to step back if you may not have the mental acuity to make that decision?

CHARLIE MUNGER: Well, I think you’ll be surprised at how well both Warren and I are capable of stepping back when we feel our powers are too far deteriorated.

ANDY SERWER: Have you talked about that?

CHARLIE MUNGER: Sure. And Warren has told people to speak up when the time comes. If we’ve been rational all this way, do you think we’re not going to try to be rational right to the bitter end?

TREVNI

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Re: Help finding Munger quote
« Reply #2 on: June 30, 2020, 02:01:20 PM »
There is an interview on Yahoo Finance with Andy Serwer (former editor of Fortune) from 2019 where he talks about it.

https://finance.yahoo.com/news/charlie-munger-common-sense-berkshire-hathaway-succession-112631602.html

ANDY SERWER: How do you make the decision to step back if you may not have the mental acuity to make that decision?

CHARLIE MUNGER: Well, I think you’ll be surprised at how well both Warren and I are capable of stepping back when we feel our powers are too far deteriorated.

ANDY SERWER: Have you talked about that?

CHARLIE MUNGER: Sure. And Warren has told people to speak up when the time comes. If we’ve been rational all this way, do you think we’re not going to try to be rational right to the bitter end?

Thank you!