Benzinga
Charlie Munger Said ‘If You Mix Raisins WIth Turds, They’re Still Turds’ — Mixing The Good With The Bad Leads To ‘Wretched Consequences’
Known for his blunt wit and homespun wisdom, the late Charlie Munger offered an analogy that remains relevant: “If you mix raisins with turds, they’re still turds.” At the 2000 Berkshire Hathaway Annual Shareholders Meeting, a discussion unfolded regarding the speculation frenzy in high-tech and internet arenas. Amidst the dot-com bubble, questions were raised about the long-term economic implications of speculative activities. Don’t Miss: Warren Buffett flipped his neighbor’s $67,000 life savin