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Charlie Munger has the strongest coverage in these notes.
Company
Company
WESCO
1 Books1 Highlights14 Themes
WESCO appears across 1 book, with 1 highlight.
Books
Notes
Recurring themes
Consistently Not Stupid Beats Brilliant, Intrinsic Value Through Cash Flow Not Momentum, Stock as Business Ownership Not Ticker Symbol
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The idea of a margin of safety, a Graham precept, will never be obsolete. —CHARLIE MUNGER, WESCO ANNUAL MEETING, 2003 No matter how wonderful [a business] is, it’s not worth an infinite price. We have to have a price th…
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Highlights
"The idea of a margin of safety, a Graham precept, will never be obsolete. —CHARLIE MUNGER, WESCO ANNUAL MEETING, 2003 No matter how wonderful [a business] is, it’s not worth an infinite price. We have to have a price that makes sense and gives a margin of safety considering the normal vicissitudes of life. —CHARLIE MUNGER, BBC"
Charlie Munger
Themes
Consistently Not Stupid Beats BrilliantIntrinsic Value Through Cash Flow Not MomentumStock as Business Ownership Not Ticker SymbolMr. Market as Servant Not MasterFree Cash Flow as Valuation BedrockBottom-Up Only ValuationIndependent Thought Over Herd RegressionSimplicity as Performance AdvantageBuy at One-Third of Sellout Value Then WaitShort-Term Predictions in the Too-Hard PileMargin of Safety Renders Prediction UnnecessaryChecklist Before CommitmentPrice Versus Value DisciplineProjections as Dressed-Up Delusion