14 more ideas from Buffett and Munger I don’t want to forget: 1. The one thing that has surprised me all my life is how many people with high IQs do massively stupid things. 2. Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You can't b... See more

Greatbusinesses create enormous wealth over long holding periods acrossmarket cycles, even in the midst of negative macro headlines about highinflation, rising interest rates, geopolitical tensions, weak macroeconomicdata points, and political uncertainty. Gruesome businesses eventuallydestroy wealth, irrespective of whether the news is positive or... See more