This week Phil and Danielle talk about why Charlie Munger is so bitter about missing out on a stock purchase in the 1970s. Phil talks about what he calls “Mistakes of Omission”.
Phil also talks about why it’s extremely hard to find a company that’s on sale right now. He’s not alone in this. Warren Buffett shares in his annual letter that he’d love to buy a huge company, but that nothing is priced on sale right now. It’s also hard to find companies in the private market as well.
We’re given the opportunity at the end of a bull market run. Right now it’s a blessing that the market hasn’t crashed because there are so many companies that you haven’t researched. This means you should be out there, researching all of the great companies that you can, and building your watchlist.
Want to hear about everything Warren Buffett talks about in his annual letter? Join us on the podcast today!
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