126 - 25 Years of Wisdom - Charlie Munger and Warren Buffett Part 1
Maven Money Personal Finance Podcast
00:00
Investing in Petro China
In the 20 18 meeting, n buffet was asked, what did he do before investing in the company petro china? So he took a big stake in petroChina. I believe he invested around about 300 million, which for us mere mortals, is a shed load of cash. For warren buffet, that then became around three or four billions. Whe had a tennex return in three or four years. A fantastic investment. You need to know what you know and what's outside of your circle of competents. He said, we want to walk over one feet bars instead of trying to jump over seven feet bars. Make things easy for yourself.
Transcript
Play full episode
