Friday, May 08, 2009

"The Best Way to Achieve Felicity is to Aim Low"

Reasonably complete set of Wesco 2009 AGM notes, courtesy the Yahoo Berkshire message board. (Weirdly threaded, so you have to scroll through some off-topic commentary; look for "Pts 1-6"). Mr. Munger in customarily fine form.

In other news, I'm working on an "investment operation" of my own, probably the biggest of my life, which won't be disclosed here for a few months. Regular readers should be able to figure it out pretty quickly, and the rationale behind it, too. But it involves real -- as opposed to play -- money, and I won't discuss it here until it's complete.

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