Notes: Some excerpts from David Clark’s Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway’s Vice Chairman on Life, Business, and the Pursuit of Wealth. (Farnam Street)
Quote of the Day
"The reality is that Facebook is one of the most powerful companies the tech industry — and arguably, the world — has ever seen."(Ben Thompson)
Chart of the Day
Hedge funds are not all that liquid.