University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting

by Daniel Pecaut

Rather than age, learning is the name of the game. Munger noted it is essential to learn from both the mistakes of others as well as your own. He quoted Patton: “It’s an honor to die for your country. Make sure the other guys get the honor.”