5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP494: The Worldly Wisdom of Charlie Munger

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Warren Buffett and Charlie Munger Talk About the Lala-Plusa Effect

Buffett and Munger talk about the importance of buying good businesses. Buffett: The ability to take criticism constructively is a very good lesson for anyone. Have you or Munger ever known of a company that has regained its competitive advantage once it was lost?

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