"Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us."
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Businesspeople from the United StatesPhilanthropists from the United StatesLawyers from the United StatesPeople from OmahaCalifornia Institute of Technology alumni
Original Language: English
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Poor Charlie's Almanack, p. 100 (1st edition, 2005; 2nd edition, 2008)
https://en.wikiquote.org/wiki/Charlie_Munger
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Charlie Munger
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.
19 quotes on TrueQuotesView all quotes by Charlie Munger →
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