“You can mix turds with chocolate but they are still turds.” This was answer Charlie gave to a shareholder meeting during the dot.com era when a shareholder asked why Berkshire couldn’t allocate some capital to Internet and dot.com companies.
Especially in the digital age, it's key to say NO ... our most precious asset is our focus, time and skills. Upside of digital is scaling by meeting great folks and no issue in digging when we need & want to.
“You can mix turds with chocolate but they are still turds.” This was answer Charlie gave to a shareholder meeting during the dot.com era when a shareholder asked why Berkshire couldn’t allocate some capital to Internet and dot.com companies.
Another great Munger quote, thanks! To access genius level you need to have the right insights AND the right delivery!
Great coverage George, thank you!
Especially in the digital age, it's key to say NO ... our most precious asset is our focus, time and skills. Upside of digital is scaling by meeting great folks and no issue in digging when we need & want to.
Munger, a legend ... RIP.
Cheers!