Warren Buffett:
“All these economists with 160 IQs and spending their life studying it. And can you name me one super wealthy economist who’s ever earned money out of securities? No.”
Charlie Munger: “If you want a formula, you should go back to graduate school. They will give you lots of formulas that won't work.” 😂
“When Costco was selling at about 12 to 13x earnings, I thought that was a ridiculously low value…but I can't reduce that to a formula for you.”
Dominio's Pizza $DPZ just increased its quarterly dividend by 14.4% up to $1.99 per share from its previous $1.74 per share quarterly dividend
Warren Buffett and Berkshire Hathaway $BRK.B owned 3.35M shares as of the end of 2025
That means Berkshire are about to get a $6.67M quarterly dividend check up from the $5.83M check they would have gotten
Charlie Munger: "It's very counterproductive for an individual to feel like a victim — even if he is [one]. The best attitude is just to be cheerful about everything and keep plugging along."
"Who wants to be a victim instead of a survivor? You can recognize your position as bad and try to improve it. That's okay. But to have a deep feeling that it's all somebody else's fault is a very counterproductive way to think. People don't even like being around it."
“Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.”
— Charlie Munger