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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

NOTE

Building Discipline Gradually for Long-term Success

Trust and belief in management's decisions make business operations smoother. Post-Warren era, Berkshire Hathaway will rely on momentum from great businesses and a cash reserve. Despite a potential decline in returns over time due to the challenge of high growth rates at a large scale, gradual progress and discipline lead to deserving outcomes in life.

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