Author Topic: Looking for Munger Quote  (Read 690 times)

TREVNI

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Looking for Munger Quote
« on: February 23, 2021, 02:20:50 PM »
I'm searching for a Munger quote (could be Buffett) in which he said it would be an intelligent investing strategy to follow 300 companies and wait for a few to go on sale. I swear it was at a Daily Journal meeting, but I've had no luck listening to a few prior meetings. Does anyone remember this comment or am I now dreaming up Mungerisms? Thanks!


ValueMaven

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Re: Looking for Munger Quote
« Reply #1 on: February 23, 2021, 05:08:09 PM »
Howard Buffett has said something very similar ... dont recall Warren or Charlie saying that specifically.  I do agree with that approach :)
« Last Edit: February 23, 2021, 05:59:07 PM by ValueMaven »

coc

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Re: Looking for Munger Quote
« Reply #2 on: February 23, 2021, 05:32:47 PM »
He had said he heard from someone who was trying that approach, and he thought it was a perfectly intelligent thing to do - and yet few would be able to do it.

Like you, I can't for the life of me remember where he said it. But I'm here to say you're not crazy!  8)