Tren Griffin
“It’s very hard to acquire unrelated companies, earn a higher return on capital and pay market prices for them. Most people who try and do that, fail. The only reason Berkshire and Stonehouse succeed is we don’t do it very often, and we’re pretty careful.” https://t.co/9COepGIwWh
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Tren Griffin
RT @TheTranscript_: Charlie Munger this month invested a part of his personal wealth in Australian-based Stonehouse Corporation, run by American-turned-Australian Charles Jennings.

Thereafter, he gave an exclusive interview to the @FinancialReview this week.

Here are a few quotes & notes: 👇 https://t.co/QoQPU83Cfq
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Frederik Gieschen
Ackman still on that inflation train: "We believe inflationary pressures are likely to persist due to ongoing supply demand imbalances. Precedents suggest that prematurely easing monetary policy in a stagflationary environment is a serious policy mistake"
https://t.co/mtSoOJ0i5f
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Tren Griffin
“I don’t pay much attention to macroeconomic trends. Like the weather, I just ignore the weather. I just try to invest whatever capital I have as best I can and take the results as they fall. I seize whatever opportunities I can and I hope I get my share.” https://t.co/G3tw8AnXSP
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Frederik Gieschen
Munger on becoming an LP in Australian investment firm Stonehouse: “The money is not all that material for the Mungers. “I did it because I admired him, and he’s a rare type and I thought it would help him.”
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Tren Griffin
RT @TheTranscript_: 3. On the high cash reserves at $BRK:

"We didn’t accumulate the cash because we were anticipating a big decline where you can spend it. We accumulated the cash because things got so competitive and prices for good businesses ... we couldn’t find any good buy https://t.co/Jm43uFWWgb
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Frederik Gieschen
“To be a great teacher, an effective teacher, it's about being a great student, be a great learner yourself. And I think that comes through if you're doing it well.” @mjmauboussin
https://t.co/9Sp6EgnBkO
You can find the full conversation here👇

https://t.co/2ESoXo5s5d - Frederik Gieschen
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Frederik Gieschen
Munger: “Life is a game where you work very hard and deal only occasionally.”
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Tren Griffin
“We didn’t accumulate the cash because we were anticipating a big decline where you can spend it...things got so competitive we couldn’t find any good businesses to buy. Of course we hope that eventually Berkshire will find a good investment for its accumulated cash.” CM
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Morning Brew ☕️
When the job sucks but the pay is too good https://t.co/u519VUhS6Z
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Tren Griffin
This is hysterical:

"Disney hopes the dramatic rate hike will remind subscribers there’s a lot of new and valuable content on the service."

https://t.co/ZJOR4woS3Z
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Morning Brew ☕️
"So I put the kid's college fund into this new NFT project" https://t.co/NV0TBFf31m
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Tren Griffin
"Fixed wireless customers would recommend their service more than that of any other service even though in many cases it has slower speeds – with the exception of DSL – than the other options available." https://t.co/fBHNZNuaVk
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Paul Graham
Starting bid a mere $400 at https://t.co/hsMalXHlT4. https://t.co/jO0C4Qpnnv
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Tren Griffin
Guessing without accountability is fun!

"Ask paid forecasters what will happen to the market next, and the answers [range from] falling 12% to jumping 32%, this is one of the widest ranges on record, according to S&P 500 strategists tracked by Bloomberg." https://t.co/lUnl0DOL7b
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