Business Quote by Charlie Munger
“Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.”
About This Quote
Source Speech: Berkshire Hathaway Annual Meeting, 2018
Acquiring quality companies at fair prices is difficult, requiring discipline and patience.
In simple terms: Great deals are hard to find.
Key Takeaway
Focus on value and patience.
Themes
investment
value
discipline
patience
Mood
thoughtful
analytical
Type
advice
philosophical
When to use this quote
- business acquisition
- stock analysis
- long‑term investing
Key Concepts
economic cycles
market inefficiencies
Questions to Reflect On
- How do you assess true value?
- What patience strategies help you?
A Different Perspective
Even with skill, market competition can limit opportunities.
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