Sorry for no updates in the last few months. Been pretty busy as wrote CFA level II test. Here are some words of wisdom from Charlie in the latest Wesco meeting. It is a must read. Thanks inoculated investor.
Charlie Munger: The plan is to follow the procedure from last year and then talk about interesting issues.
Regarding his general observations, he is flabbergasted that so many people came to Pasadena after going
to Omaha. He thought we would have had our fill of his opinions but apparently there are “addicts” out
there. Wesco is a quiet enterprise. It has a $2B market cap, up from $20M at the time they started buying
back stock. That is a failure in comparison to Berkshire Hathaway (BRK), but compared to other
companies it looks alright.
Read the rest here
Tuesday, June 8, 2010
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment