Bakshi: Opportunity Costs Dictate Shutting Down Underperforming Businesses Earlier Than Expected
Sanjay Bakshi · #3 Sanjay Bakshi: Why Mental Models · Sep 18, 2015 · at 19:07
Finance professor Sanjay Bakshi discusses capital allocation lessons learned from Charlie Munger and Warren Buffett.
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“Ah, but if you study Charlie, and if you study Warren Buffett's life, you'll find out that actually you should shut it down well before when it makes sense for you to shut it down, because you have to think about opportunity costs.”
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