Charlie Munger
Acquired
**New Investor Model for ling term investment **
If venture capital were a perfect system, it would empower and support innovators without interfering. However, many venture capitalists are disliked because they prioritize their own interests. Berkshire Hathaway, on the other hand, values long-term relationships and holds onto decent businesses. This buy and hold approach aligns investors with managers. Most venture capitalists charge excessive fees and attract the wrong people. To be successful, venture capital should focus on achieving exceptional results rather than making extra money.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
