“All the early businesses we owned together have disappeared”
A wonderful nugget of investing wisdom from Buffett and Munger's recent CNBC interview:
All businesses eventually die.
The essence of investing is to buy businesses that give us back so much in dividends before they die that we get our purchase price back, plus a decent return. pic.twitter.com/HOspQiESH9
— 10-K Diver (@10kdiver) July 1, 2021
Full video:
h/t Flaky-Sheepherder150