In 1959, Warren Buffet met a couple while trying to sell an investment scheme. The couple told him "You sound just like Charlie Munger. You two must meet". The couple organized a dinner just for the two of them. They met for the first time that year. A friendship blossomed.
64 years later, these duo have become one of the most legendary duo in history. When you watch Berkshire's annual meeting, you will see one of the greatest partnerships on earth unfolding before your eyes. It is a festival of wisdom, entrepreneurship, nationhood, economic thinking, and a celebration of common sense!
Their partnership has produced a company worth over 700 billion dollars. And their investment advice has produced many more that cumulatively should be worth more than a trillion.
All of these happened because a couple intentionally decided that these two must meet each other and these two decided they should be friends.
Takeaway 1: You need older people in your life who genuinely care for you. These older folks know more than you do and they see the world in a better way than you do.
Takeaway 2: You must choose your friends intentionally. Don't leave nothing to chance. Someone said you can't choose your family, but you can choose your friends. Better choose wisely. Choose people that will help you become wiser, older and happier.
The story of Charlie Munger and Warren Buffet reminds me of the story of Bill Gates and Warren Buffet. It was Bill Gates mother who set up the first meeting between Bill Gates and Warren Buffet. Bill never wanted to attend the meeting but he attended out of respect for his mother. That meeting led to another legendary friendship. Warren Buffet has donated more than $50 billion to Bill and Melinda Gates Foundation, money that has been used to solve some of the world's biggest problems!
Choose your friends intentionally and wisely ! Association Matters !
Winter Session of Parliament may have the Cryptocurrency Bill 2021 as per the below extract.
Have not had time to myself verify this from primary sources yet.
If true , crypto investors in India should be careful.
Enough of Zomato ranting.
Good luck and best wishes to all the shareholders who're going to provide money for burning. May you find a greater fool in the future to make profit.
Zomato got more than 35 times bids from anchor investors :It received bids worth 1.5 trillion rupees ($20 billion) from large funds compared with the 42 billion rupees offered.
Smart Money paying homage to Profitless Prosperity.
"The focus of most investors differs from that of value investors. Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose."-Seth Klarman