Charlie Munger On One Of His Biggest Mistakes

Reading through the histories of Warren Buffett and Charlie Munger, it would be easy to conclude that these two billionaires have never lost money on an investment. It seems everything they touch turns to gold. However, Buffett and Munger have made mistakes in the past, but these mistakes have been relatively small compared to the profits they’ve booked over the years. Charlie Munger — Part Two: Quality Over Value [munger] Charlie Munger On One Of His Biggest Mistakes Bell rich oil One of these mistakes was described by Charlie Munger at the Daily Journal Corp annual meeting. Munger was answering…