Wesco Financial's Annual meeting
Whitney Tilson returned from Wesco Financial's Annual meeting...
My favorite quotes from his notes:
Charlie Munger, who runs Wesco Financial, is the famed right-hand man of Warren Buffett. He is also a master investor in his own right. At Wesco's annual meeting on Wednesday, he shared his wisdom on keys to investment success, the importance of moral behavior, the outlook for Berkshire, and more.
Here is the Fool Article
Here are his full notes
My favorite quotes from his notes:
- "Tell truth and you won't have to remember your lies."
- [To be a good investor.. you have to like learning a lot]. . "But I'd inject one line of caution: there's an apocryphal story about Mozart. A 14-year-old came to him and said, "I want to learn to be a great composer." And Mozart said, "You're too young." The young man replied, "But I'm 14 years old and you were only eight or nine when you started composing." To which Mozart replied, "Yes, but I wasn't running around asking other people how to do it."
- "Any year that passes in which you don't destroy one of your best loved ideas is a wasted year."
Charlie Munger, who runs Wesco Financial, is the famed right-hand man of Warren Buffett. He is also a master investor in his own right. At Wesco's annual meeting on Wednesday, he shared his wisdom on keys to investment success, the importance of moral behavior, the outlook for Berkshire, and more.
Here is the Fool Article
Here are his full notes

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