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Stay within a well-defined circle of competence. - Charlie Munger
" "Stay within a well-defined circle of competence.
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About Charlie Munger
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.
Biography information from Wikiquote
Also Known As
Native Name:
Charles Thomas Munger
Alternative Names:
Charlie Thomas Munger
•
Charles T. Munger
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However, averaged out, betting on the quality of a business is better than betting on the quality of management. In other words, if you have to choose one, bet on the business momentum, not the brilliance of the manager. But very rarely, you find a manager who’s so good that you’re wise to follow him into what looks like a mediocre business.
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