Common Shareholder
topic on 1 show · 1 statements across 1 episodes
1 statements about Common Shareholder, every show
Senra quotes Munger: Investors intolerant of 50% drawdowns get mediocre returns
“If you're not willing to rack with equanimity to market price decline at 50% two or three times a century, you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get compared with the people who do have the temperament, …”