If you buy something because it’s undervalued, then you hav… - Charlie Munger

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If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That’s hard.

Charlie Munger

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger · December 5, 2023 Verified in 1 source Sign up to see the complete provenance

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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.

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Also Known As

Native Name: Charles Thomas Munger

Alternative Names: Charlie Thomas Munger • Charles T. Munger

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This sort of tragedy is caused by letting the slop run. You must stop slop early. It’s very hard to stop slop and moral failure if you let it run for a while.

Then, while people are justifying all these layers, it takes forever to get anything done. They’re too slow to make decisions, and nimbler people run circles around them.

The principal job of an academic administration is to keep the people who don’t matter from interfering with the work of the people who do.

If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. Th… - Charlie Munger

About Charlie Munger

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Additional quotes by Charlie Munger