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I Love This Quote and I Just Want These Traits
Charlie Munger speaking, it's obvious that if a company generates high returns on capital and reinvests at high returns, it will do well. I love the Munger's use of this word constantly. This is the choatl tendency. And another reason I think why he's read hundreds of biographies as opposed to hundreds of the latest business book. So yeah, those are just great. I mean, who doesn't want that?