Last night, we saw the passing of one of the greatest investor of our time, Charlie Munger, he has many famous quotes, the one that is the foundation of Berkshire Hathaway's investment philosophy is “The big money is not in the buying or selling, but in the waiting." Finding a few great companies and let the power of compounding multiply your wealth. Berkshire is a testament of this buy and hold strategy... Coca Cola, Apple, BoA, Amex ... over time an investment in BRK beats the S&P handsomely
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Comments
I learned a lot from Charlie Munger and Buffett’s investment philosophies
The only thing I can do now is to firmly hold BRK
To be honest, BRK is the best company in my mind
I hope Buffett can stay healthy.
I'm saddened by Charlie Munger's death