We try more to profit from always remembering the obvious than from grasping the esoteric.
Charlie MungerBerkshireis in the business of making easy predictions If a deal looks too hard, the partners simply shelve it.
Charlie MungerWe like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireoperating subsidiaries], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their businesses. Many have expressed to me how happy they are that they don't have to spend 25% of time on activities they didn't like.
Charlie Munger