Parsad Posted February 21, 2013 Share Posted February 21, 2013 Hi Folks, Here is a detailed transcript of the Daily Journal Meeting with Munger. Cheers! DJCO_Meeting.pdf Link to comment Share on other sites More sharing options...
Liberty Posted February 21, 2013 Share Posted February 21, 2013 Thank you! :) Link to comment Share on other sites More sharing options...
dcollon Posted February 21, 2013 Share Posted February 21, 2013 Thanks for posting the notes Link to comment Share on other sites More sharing options...
Guest FFHfan Posted February 21, 2013 Share Posted February 21, 2013 Thank you :) Link to comment Share on other sites More sharing options...
vikx01 Posted February 21, 2013 Share Posted February 21, 2013 Wonderful! Thanks Prasad. Link to comment Share on other sites More sharing options...
rranjan Posted February 21, 2013 Share Posted February 21, 2013 Thanks a bunch!! Link to comment Share on other sites More sharing options...
Guest hellsten Posted February 21, 2013 Share Posted February 21, 2013 Thank you! This is the best transcript I've seen so far. A few quotes that I like: Our main business is not to see what lies dimly at a distance, but to do what clearly lies at hand. General Motors, out of the profits of their good years, they could have bought, every year, for many years, a big company. They could have bought Eli Lilly one year and Merck the next, and United Technologies. General Motors could own the world. Instead, what they declared to their shareholders was a goose egg. They took the common equity to zero. I regard it as perfectly normal to fail and make bad decisions. I think the tragedy in life is to be so timid that you don't play hard enough so you have some reverses. Link to comment Share on other sites More sharing options...
Parsad Posted February 21, 2013 Author Share Posted February 21, 2013 I don't know who transcribed it, but it was sent to me by the fellow mentioned on page 17! :o Great job whoever did it. Cheers! Link to comment Share on other sites More sharing options...
farnamstreet Posted February 21, 2013 Share Posted February 21, 2013 Interstingly, those are the notes available here http://myinvestingnotebook.blogspot.ca/2013/02/daily-journal-meeting-notes.html As you know, a lot of work and effort goes into creating soemthing so extensive; feel free to leave a donation if you find them valuable https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=UWNRQ6NNZQUQL Link to comment Share on other sites More sharing options...
Parsad Posted February 21, 2013 Author Share Posted February 21, 2013 Hi there Farnam, Mohnish and I had no idea that it was from a site. I've removed it. If anyone wants a copy, please purchase it directly from Farnam's blog. They are very good notes. Cheers! Link to comment Share on other sites More sharing options...
Guest hellsten Posted February 21, 2013 Share Posted February 21, 2013 Interstingly, those are the notes available here http://myinvestingnotebook.blogspot.ca/2013/02/daily-journal-meeting-notes.html As you know, a lot of work and effort goes into creating soemthing so extensive; feel free to leave a donation if you find them valuable https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=UWNRQ6NNZQUQL I made a small donation. Thank you for the notes. Almost felt like being at the meeting :) Link to comment Share on other sites More sharing options...
farnamstreet Posted February 21, 2013 Share Posted February 21, 2013 Sanjeev, Let's try something. No need to remove them, although I appreciate the offer. If people enjoy them, they are free to leave a modest (or large!) donation as it takes a bit of effort to put those together. https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=UWNRQ6NNZQUQL Link to comment Share on other sites More sharing options...
Parsad Posted February 21, 2013 Author Share Posted February 21, 2013 Hi Farnam, I put it back up. Cheers! Link to comment Share on other sites More sharing options...
JAllen Posted February 21, 2013 Share Posted February 21, 2013 My favorite quote is "I would much rather push a button than have my arm broken." Link to comment Share on other sites More sharing options...
biaggio Posted February 22, 2013 Share Posted February 22, 2013 Have posted donation to Farnham's site- appreciate + enjoy information posted there. Thanks for posting notes here, though have not had a chance to read them, I am sure they are good. Link to comment Share on other sites More sharing options...
cubsfan Posted February 22, 2013 Share Posted February 22, 2013 Farnamstreet: I was at the meeting as well. I took pages and pages of notes. But you make me look like a complete piker. Nice job - I'm sending a donation - as I like your notes way better than mine. Thanks much. Link to comment Share on other sites More sharing options...
vikx01 Posted February 22, 2013 Share Posted February 22, 2013 Made my donation. Farnam, I thoroughly enjoy the articles on your blog. I haven't read the notes (will do so after I leave from work), but I'm sure they are as wonderful as your articles are. Thanks again. Great work! Link to comment Share on other sites More sharing options...
jay21 Posted February 22, 2013 Share Posted February 22, 2013 I thought the most interesting comment was how P&G's and Unilever's moat might be shrinking. I'll have to think about that and other branded products. Thanks for the notes! Link to comment Share on other sites More sharing options...
vn35 Posted February 22, 2013 Share Posted February 22, 2013 Made my donation. Excelent notes. Link to comment Share on other sites More sharing options...
cubsfan Posted February 22, 2013 Share Posted February 22, 2013 He made that comment in regards to the quality of Costco's private label products (Kirkland), starting to rival the branded products. Link to comment Share on other sites More sharing options...
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