Coca-Cola: How to Turn $2 Million Into $2 Trillion
Here’s Charlie Munger’s way of explaining how lollapalooza effects from the simplest academic models create the success and trajectory of Coca-Cola.
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Here’s Charlie Munger’s way of explaining how lollapalooza effects from the simplest academic models create the success and trajectory of Coca-Cola.
Imagine it’s the year 2025. We’re over the pandemic, we have learned the end result, and we know all the events that have yet to play out.
Knowledge and know-how can act as an almost indestructible moat for a company’s competitive position and growth prospects. But there’s also a large risk of losing it coming from within an organization.
Charlie Munger spreads wisdom at the annual meeting for the Daily Journal. Here’s a full transcript of the entire meeting.
Keynes said that markets can stay irrational longer than you can stay solvent. Some of the greatest lessons of why that is are found in the history of market corners and short squeezes.
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What is said in Kipling’s timeless poem is incredibly powerful.
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