Matthew Ackerman

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When are the odds in our favor? When some macroeconomic event causes stock prices to collapse, Charlie buys as much as possible. Remember, in Charlie’s world, as stock prices fall, the odds become more in our favor, provided we invest in companies with good long-term economics working in their favor. When that happens, Charlie recommends that we bet big!
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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