Charlie Munger: The Parable Of BasiclandThe Acquirer's Multiple
Several years ago, Charles Munger wrote a great piece called – Basically, It’s Over – A parable about how one nation came to financial ruin.
Charlie Munger provides a cautionary warning through the story of a fictional place called ‘Basicland’. A large, unpopulated island in the Pacific Ocean that is rich in all nature’s . . .
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