Charlie Munger

Charlie Munger on Looking For Acquisitions at Wesco Financial

"It is assumed by many business school graduates," Charlie Munger writes in the 1989 Wesco Financial Annual report, "and by almost all consultants, that a corporation can easily improve its outcome by purchasing unrelated or tenuously related businesses... Our experience, both actual and vicarious, makes us less optimistic about easy solutions through business acquisition."


Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


Congrats! We have a limited time offer for loyal readers like yourself.

Sign up today and get three months free if you select yearly subscription

Use coupon code 3monthsfreeconfidential at checkout

Limited time offer only expires 3/31/2019 or next 30 subscribers whichever comes first – please do not share this discount with others