A Quote by Charlie Munger

We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value.

Charlie Munger

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Before Both Bought Calamity California Discount Doomed Just Just Be Liquidation Loan Mill Savings Textile Value Were

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Charlie Munger
American - Businessman
Born: January 1, 1924

Wesco had a market capitalization of $40 million when we bought it [in the early 1970s]. It's $2 billion now. It's been a long slog to a perfectly respectable outcome - not as good as Berkshire Hathaway or Microsoft, but there's always someone in life who's done better.

Charlie Munger

The very first stock I bought right out of college was Berkshire Hathaway.

Christie Hefner

Like the stocks of both Berkshire and Wesco to trade within hailing distance of what we think of as intrinsic value. When it runs up, we try to talk it down. That's not at all common in Corporate America, but that's the way we act.

Charlie Munger

I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.

Charlie Munger

I think the first three Rickenbacker basses were imported around 1964. Pete Quaife, the bassist for The Kinks, bought one. Then John Entwistle from The Who bought one. As for the third one, I asked the manager of the store if I could get an employee discount. He said I could, and so I picked up that one.

Chris Squire

I bought everyone in my family a car, I bought my mum a convertible Mercedes. I bought a studio at a ridiculous cost - just insane.

Chesney Hawkes

Whatever Iranian people have bought, they have bought in the black market. It is not clear what they have bought, how many secondhand materials they have bought. I am very worried that something like Chernobyl will happen to Iran.

Akbar Ganji

Eventually, my dad bought me a guitar for Christmas, and then I just went from there, man. I bought a drum kit a few years later and bought a bass, started producing, started singing.

Tom Walker

I bought a Hummer before I bought a house, and then I bought a house. Every year, everything doubled. The work was doubling. The money was doubling. The popularity was doubling.

Gabriel Iglesias

I bought my mum a car, and I bought my brother one of those hoverboards for Christmas, and I bought my family a holiday to Australia.

Russell Howard

I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.

Charlie Munger

Nirvana, to a value investor, is paying a cheap price for a company that is growing in value every year at a nice rate - this largely explains why today we own stocks like Berkshire Hathaway, McDonald's, Wal-Mart, Microsoft, Costco and Anheuser-Busch.

Whitney Tilson

When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.

Seth Klarman

I've bought QPP shares but unfortunately both times I bought it they immediately dropped by over 10p. Do you pay much attention to the dealing notes?

Alan Green

We don't have any miraculous way of avoiding taxes at Wesco and Berkshire.

Charlie Munger

Well, I guess that early 12 string. The first Martin I bought. I bought it around 1957 with money I earned as a janitor assistant. I bought brand new. I still have that.

Roger McGuinn

A Quote by Charlie Munger

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