The Meb Faber Show - Better Investing cover image

Harris “Kuppy” Kupperman - Oil is the World’s Central Banker Now | #450

The Meb Faber Show - Better Investing

00:00

Investing in Semi-Monopoly Business or Monopoly Businesses

Charlie Munger will, he says it. If you can't handle a 50% loss, which has happened multiple times in Berkshire, he's like, you shouldn't be here. I'm the sort of guy that adds on the pullback. You have to be willing to accept a lot of volatility. Most funds they spend a lot of money on hedges. They buy options. It reduces the volatility. So it makes it more marketable. But the downside is that if you're looking at this as a long-term investor in the fund, why do I want to make the most possible in a tax advantaged way? Why give away 50 BIPs every month to buy

Play episode from 54:27
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app