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REFRESH: Warren Buffett & Charlie Munger: Taking the High Road (part 2)

Squawk Pod

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The Cost of Getting Involved With Bad People

In the early 1970s, Buffett and Munger were trying to grow their conglomerate using the companies they already owned to acquire more. The opportunity cost of getting involved with those bad people turned out to be billions of dollars or even more. "We didn't know how deep a mess we were in"

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