An Easter Investing Reflection

Good Morning. He has Risen.

I was reading parts of the Gospel of John early this morning, and once I got away from that, I drifted into my usual habit of reading through old Wesco transcripts with Charlie Munger. One of them I distinctly recall was an investor lamenting increased taxes and seeking Munger’s counsel.

Before Munger answered, he said, “If any of you any here are feeling sorry for yourself because of the taxes you have to pay, you need to give yourselves a good kick in the rear.” The underlying point of what Munger was getting at was this: out of the 7 billion people hanging out on the globe, only … Read the rest of this article!