The Munger Approach to Investing in a Business

The Munger approach in my opinion is more superior to the gram approach and but the Munger approach requires patience. It requires you to understand what you truly like and then you wait for the right opportunity. Top down that doesn't work because it's very unpredictable when these things are available and when they're not available and what is within your circle of competence and what is not. I can think of at least three or four companies in my portfolio that could end up being huge home runs i cannot tell you which one i don't know which one i'm willing to be patient and let them play outBecause even if one of them is a 10x it's worth letting that play out because