A word with Charlie Munger
“I don’t think it’s a tragedy that a competitor got a better rate in one time frame. We don’t worry about the fact that someone else had a better quarter” – Charlie Munger, Buffett’s long-time #2, maintains a long-term vision infused with a dash of optimism when asked about Progressive taking market share from Geico. Fun Fact #1: it’s the first time the Berkshire Hathaway annual meeting was streamed live worldwide. Fun Fact #2: the event received a lot of love from Chinese fans.