Monday, May 03, 2010


Charlie Munger:
But you can argue that if you are not willing to react with equanimity to a market price decline of 50% two or three times a century, you are not fit to be a common shareholder and you deserve the mediocre result you are going to get compared to the people who do have the temperament, who can be more philosophical about these market fluctuations.

BBC NEWS Business Charlie Munger Boom and Bust Is Normal

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