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Charlie Munger on LAW and LAWYERS
| aphrodisiac clear sanctuary | 11/29/23 |
| aphrodisiac clear sanctuary | 11/29/23 |
| aphrodisiac clear sanctuary | 12/01/23 |
| crimson insane crackhouse deer antler | 12/01/23 |
| Olive Thriller Nibblets | 12/01/23 |
| aphrodisiac clear sanctuary | 12/01/23 |
| costumed alcoholic digit ratio hairy legs | 12/01/23 |
Poast new message in this thread
Date: November 29th, 2023 5:21 PM Author: aphrodisiac clear sanctuary The men soon found themselves on the phone nearly every day talking about investing strategies. “Warren obviously had a better business model than I did,” Mr. Munger said, referring to his billing by the hour for his legal services. “He kept pointing out to me that I had an insane way of making a living, and that his was better and that I should do what he was doing.”
Mr. Munger was won over. “Like Warren, I had a considerable passion to get rich,” Mr. Munger was quoted as saying in Roger Lowenstein’s book “Buffett: The Making of an American Capitalist” (1995). “Not because I wanted Ferraris — I wanted the independence. I desperately wanted it. I thought it was undignified to have to send invoices to other people.”
Mr. Munger began investing side by side with Mr. Buffett, in companies like Westco Financial and See’s Candies, before officially joining him as vice chairman. For the first year, he said, “I kept one toe in the law firm in case my capitalist career cratered.”
Together they built Berkshire into a $500 billion-plus juggernaut whose original shares posted annual gains averaging 21.6 percent between 1965 and 2014, more than twice the 9.9 percent rise for the Standard & Poor’s 500. (The company got its name when, early on, Mr. Buffett took over a fading Massachusetts textile manufacturer called Berkshire Hathaway.) https://www.nytimes.com/2023/11/28/business/charles-t-munger-dead.html |
Date: November 29th, 2023 6:16 PM Author: aphrodisiac clear sanctuary (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47114195) |
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Date: December 1st, 2023 10:26 PM Author: aphrodisiac clear sanctuary (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47122894) |
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Date: December 1st, 2023 10:29 PM Author: crimson insane crackhouse deer antler This is a fraud story. Of course passive income beats having to bill but if it were so easy as that every lawyer doctor accountant architect or whatever other white collar professional in America would do it. (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47122903) |
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Date: December 1st, 2023 10:37 PM Author: Olive Thriller Nibblets The successful ones do. They stop trading time for money and start leveraging other people, other people’s money, technology, etc. In other words, stop practicing law and start owning a law business. (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47122924) |
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Date: December 1st, 2023 10:38 PM Author: aphrodisiac clear sanctuary Or just do Goldman CEO, bro. (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47122925) |
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Date: December 1st, 2023 10:38 PM Author: costumed alcoholic digit ratio hairy legs circlehead (http://www.autoadmit.com/thread.php?thread_id=5452357&forum_id=2#47122930) |