Charlie Munger

Well, of course you do that if it's safer and easier and so forth. But I would argue that Costco, where they've done some of these things that are extreme like the hot dog, it's been a plus in that they've been smart to not change their ways on one item or two.

Well, of course you do that if it's safer and easier and so forth. But I would argue that Costco, where they've done some of these things that are extreme like the hot dog, it's been a plus in that they've been smart to not change their ways on one item or two.

I mean, you turned- Well, BYD, this year or so, at least two and a half million cars. Most of them electric. That's unheard of. I don't think I've ever heard of them. They also weigh more than Mercedes, for instance.

I mean, you turned- Well, BYD, this year or so, at least two and a half million cars. Most of them electric. That's unheard of. I don't think I've ever heard of them. They also weigh more than Mercedes, for instance.

Yeah, more than anybody. Yeah. Lots of troubles and losses. They ran into terrible trouble. They created the wrong kind of, they made lots of mistakes. They were lucky they'd be on the cutting edge of this electric car business. It's way more acceleration than most people. So you had a car with more oomph than most people. So the young macho male has a real lively car.

Yeah, more than anybody. Yeah. Lots of troubles and losses. They ran into terrible trouble. They created the wrong kind of, they made lots of mistakes. They were lucky they'd be on the cutting edge of this electric car business. It's way more acceleration than most people. So you had a car with more oomph than most people. So the young macho male has a real lively car.

There are a lot of things about electric car really works in some ways that is better. and making a 90-degree turn. You go right opposite a parallel parking place and just move this way, turn the wheels 90 degrees and go in. Well, nobody's ever done that. If your car goes flat, you could run 100 miles on three other wheels or something.

There are a lot of things about electric car really works in some ways that is better. and making a 90-degree turn. You go right opposite a parallel parking place and just move this way, turn the wheels 90 degrees and go in. Well, nobody's ever done that. If your car goes flat, you could run 100 miles on three other wheels or something.

And do they have better economics because they don't have nearly as many parts?

And do they have better economics because they don't have nearly as many parts?

Well, very good people have an investment. That's a venture capital type investment. It happened to be a thinly traded public company when we bought it instead of a venture capital type company. It was a venture capital type play. And they just went and put the foot right in the floorboard and played it hard. By the way, both BYD and we tried to talk about going into the car business.

Well, very good people have an investment. That's a venture capital type investment. It happened to be a thinly traded public company when we bought it instead of a venture capital type company. It was a venture capital type play. And they just went and put the foot right in the floorboard and played it hard. By the way, both BYD and we tried to talk about going into the car business.

They're going to buy a bankrupt car business and go into the car business. I said, that's a great yard for you. Why would you want to do that? And he paid no attention to us.

They're going to buy a bankrupt car business and go into the car business. I said, that's a great yard for you. Why would you want to do that? And he paid no attention to us.

And it worked fabulously well. After huge mistakes, they almost went broke with their early dealership building system. Almost went broke. What captivated you about BYJ? That guy was a genius. He was at a PhD in engineering and he could look at somebody's part. He could make that part, you know, look at it in the morning and look at it in the afternoon and he could make it.

And it worked fabulously well. After huge mistakes, they almost went broke with their early dealership building system. Almost went broke. What captivated you about BYJ? That guy was a genius. He was at a PhD in engineering and he could look at somebody's part. He could make that part, you know, look at it in the morning and look at it in the afternoon and he could make it.

I'd never seen anybody like that. He could do anything. He is a natural engineer and a get-it-done type production executive. And that's a big thing. It's a big lot of talent to have in one place. And it's very useful. He solved all these problems on these electric cars and the motors and the acceleration and the braking and so on.

I'd never seen anybody like that. He could do anything. He is a natural engineer and a get-it-done type production executive. And that's a big thing. It's a big lot of talent to have in one place. And it's very useful. He solved all these problems on these electric cars and the motors and the acceleration and the braking and so on.

Well, he's a fanatic that knows how to actually make things with his hands, so he has to. He's closer to ground zero, in other words. The guy at B-Radio is better at actually making things than any of the others.

Well, he's a fanatic that knows how to actually make things with his hands, so he has to. He's closer to ground zero, in other words. The guy at B-Radio is better at actually making things than any of the others.