2min chapter

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#79 Charlie Munger (The Complete Investor)

Founders

CHAPTER

What Would Charlie Munger Do?

Munger: When in doubt about making a decision related to investing or otherwise, ask yourself what would Charlie Munger do? Warren and I raised the prices of C's candy a little faster than others might have. We invested in Coca-Cola, which has some untapped pricing power. Creating a moat is something that people like Ray Crock, founder McDonald's, Sam Walton, Estee Lauder, Mary Kay Ash, and Bill Gates have accomplished.

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