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— Charlie Munger"After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions."
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An improviser does not operate from a formless vacuum, but from three billion years of organic evolution
— Stephen Nachmanovitch
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It took us months of buying all the Coke stock we could to accumulate $1 billion worth - equal to 7% of the company. It's very hard to accumulate major positions.
— Charlie Munger
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