Charlie Munger

Well, the sauce flavor. It's happened elsewhere. In Korea, one guy, a Chinese guy, throws all the sauces. Every single major sauce he controls at least 95% of.

Well, the sauce flavor. It's happened elsewhere. In Korea, one guy, a Chinese guy, throws all the sauces. Every single major sauce he controls at least 95% of.

Yeah.

Yeah.

Is that Coca-Cola as well?

Is that Coca-Cola as well?

I think, I knew when I was 70 that it was plenty hard, but it's just so hard. I know how hard it is now. And all these people who are getting this two and 20 or three and 30 or whatever, they all talk as though it was easy and they get to believe their own bullshit. And of course, it's not a bit easy. It's very hard.

I think, I knew when I was 70 that it was plenty hard, but it's just so hard. I know how hard it is now. And all these people who are getting this two and 20 or three and 30 or whatever, they all talk as though it was easy and they get to believe their own bullshit. And of course, it's not a bit easy. It's very hard.

Well, probably because it suits my nature. But I didn't really enjoy the three and 30 business. Once I had enough money of my own, I'd rather just operate with my own money. That is a much better way of doing it than investing. Because of the freedom? We're forced to deal with investment bankers. We're forced to deal with investment consultants. We're forced to deal with venture capital.

Well, probably because it suits my nature. But I didn't really enjoy the three and 30 business. Once I had enough money of my own, I'd rather just operate with my own money. That is a much better way of doing it than investing. Because of the freedom? We're forced to deal with investment bankers. We're forced to deal with investment consultants. We're forced to deal with venture capital.

You don't want to need other people. The point of getting rich is so you don't have to need other people.

You don't want to need other people. The point of getting rich is so you don't have to need other people.

The answer to that is no, we wouldn't. We had everybody that has an unusually good result. Almost everything has three things. They're very intelligent, they've worked very hard, and they were very lucky. It takes all three to get them on this list of the super successful. How can you arrange to have two of the answers of good luck?

The answer to that is no, we wouldn't. We had everybody that has an unusually good result. Almost everything has three things. They're very intelligent, they've worked very hard, and they were very lucky. It takes all three to get them on this list of the super successful. How can you arrange to have two of the answers of good luck?

The answer is you can start early and keep trying a long time, and maybe you'll get one or two. If you were starting again today, do you think insurance would still be the vehicle? It depends on your temperament. Insurance would be ideal for a certain kind of a temperament. And it takes a very patient person to get rich in insurance. It takes forever to get anything in.

The answer is you can start early and keep trying a long time, and maybe you'll get one or two. If you were starting again today, do you think insurance would still be the vehicle? It depends on your temperament. Insurance would be ideal for a certain kind of a temperament. And it takes a very patient person to get rich in insurance. It takes forever to get anything in.

It takes forever to push anybody aside. It's very hard to make money.

It takes forever to push anybody aside. It's very hard to make money.

Think of all the crumbums of the world that drink too much and then file big claims with the insurance company when the place gets on fire or something. Why would you want to pay your share of their stupidity?

Think of all the crumbums of the world that drink too much and then file big claims with the insurance company when the place gets on fire or something. Why would you want to pay your share of their stupidity?