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.” Great Investors Debate – Should You Be Investing In Family-Controlled Businesses? Charlie Munger Interview – Extreme Evidence Misleads You On A Deeper Reality Savaria – An Elevating Idea From NewGen Asset Management Why You Should Avoid IPOs Charlie Munger was the CEO and chairman of Wesco…