They even sound alike
Watching Charlier Munger and Warren Buffett give a casual interview on CNBC, reminds you that keeping things simple is often better than getting complicated.
Munger and Buffett humbly commented that:
- I don't have a lot of areas of expertise but stick close to those I understand
- We don't try to jump over 7 foot bars just 1 foot bars that are easy to step above
- Other people who are very intelligent have isolated patches of massive stupidity. We just avoid those. It is a simple formula.
- We don't think that we can analyze 90% of the businesses
Munger also added
- "What is interesting to me is that Trump is right on some things"
However, he refused to elaborate.
The other thing of note, if you closed your eyes, you could not tell who was talking. They sound and talk in a very similar tone and fashion.
They also have a lot of fun together.
They are two peas in a pod.
