posted by mark
on Fri, 12/06/2019 - 10:53
“Learning comes in all sorts of places. There’s experiential learning. There’s didactic learning. There’s a host of ways to acquire wisdom. Something Munger has talked a lot (about) that I appreciate the longer I do this is this is not a business of who’s smartest. There are a lot of very smart people that don’t end up doing well in our business. Being smart always helps if one is as smart as Buffett and Munger, I’m sure that’s fantastic but most of us are not.”
- Kenneth Shubin Stein, Portfolio Manager, Spencer Capital Management
