Billionaire Charlie Munger Said, ‘If You Mix Raisins With Turds, You Still Have Turds’ – His Insightful Reminder To Be Selective In Your Investments … And Your Life

The investment World was at a crossroads in 2000. The dot-com bubble was in full swing, drawing investors to internet- and tech-related stocks. Traditional investment wisdom seemed to take a backseat as the allure of quick gains took center stage. Amid this speculative frenzy, Charlie Munger, legendary investor Warren Buffett’s esteemed partner, delivered a memorable analogy at the Berkshire Hathaway Inc. annual meeting. “If you mix raisins with turds, you still have turds,” Munger said, cautioning against the perilous practice of blending promising investments — the raisins — with speculative…

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