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Founders Notes: Buffett And Munger Unscripted

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Buffett and Munger Unscripted Alex W. Morris We had some good fortune. Warren says he was lucky to go find GEICO, but not every twenty-year-old was going down to Washington DC, and knocking on the doors of empty buildings to try and find something out that he was curious about. So we also made our own luck by being curious and seeking wisdom. NOTE Create your own luck by following your own curiosity. If you enjoy what you're doing, you are likely to get a better result than if you go to work with your teeth clenched every morning. (Buffett) NOTE Intense interest in any subject is indispensable if you're going to excel in it. I feel like a horse's ass for not identifying Google [Alphabet] better. (Munger) We had some insights, because we were using Google ads at GEICO, and we were seeing the results produced. We were paying $10 a click for something that had a marginal cost to Google of exactly zero. And we saw that the ads were working for us. (Buffett) We could see at GEICO how well Google advertising worked-and we sat there sucking our thumbs. (Munger) NOTE If you are paying attention you can spot an opportunity popping up early in a parallel industry. Jay Gould identified telegr

Buffett and Munger Unscripted Alex W. Morris We had some good fortune. Warren says he was lucky to go find GEICO, but not every twenty-year-old was going down to Washington DC, and knocking on the doors of empty buildings to try and find something out that he was curious about. So we also made our own luck by being curious and seeking wisdom. NOTE Create your own luck by following your own curiosity. If you enjoy what you're doing, you are likely to get a better result than if you go to work with your teeth clenched every morning. (Buffett) NOTE Intense interest in any subject is…

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