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"We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value."

— Charlie Munger
charlie munger Quotes California,Doomed,Textiles

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Charlie Munger
California
Doomed
Textiles
Mills
Calamity
Discounts

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The story depicts also the troubled part of the hero's life which precedes and leads up to his death; and an instantaneous death occurring by 'accident' in the midst of prosperity would not suffice for it. It is, in fact, essentially a tale of suffering and calamity conducting to death.

— A. C. Bradley

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Never have the young taken themselves so seriously, and the calamity is that they are listened to and deferred to by so many adults.

— Eric Hoffer

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