Quote of the day by Charles Munger: “One of the greatest ways to avoid trouble is…”
Charlie Munger, the longtime vice chairman of Berkshire Hathaway and the closest investing partner of Warren Buffett, was widely known as one of the most influential thinkers in modern investing. A lawyer by training, he helped build Berkshire’s investment philosophy by encouraging a shift from buying merely cheap companies to investing in high-quality businesses with…