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Calamity Quote by Charlie Munger

“We bought a doomed textile mill [Berkshire Hathaway] and a…” quote by Charlie Munger
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“We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value.”

Charlie Munger

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