Matthew Ackerman

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“When you mix raisins with turds, you still have turds.” – Here Charlie is talking about companies buying other companies. If a great company buys a turd of a company, it ends up with a mixture and the turd of a company drags down the results of the great company.
Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clark
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