"As my late mother famously observed, the one thing to be said for growing old is that every year there are a few more things I don’t have to give a rat’s ass about."

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If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.

— Charlie Munger