Parsad Posted August 22, 2013 Share Posted August 22, 2013 http://www.bloomberg.com/news/2013-08-22/daily-journal-tells-sec-munger-knows-best-buying-stocks.html?cmpid=yhoo Cheers! Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 23, 2013 Share Posted August 23, 2013 ‘Little Time’ “Two of the company’s directors, Charles Munger and J.P. Guerin, selected the securities which, given their experience and knowledge of investing, required very little time,” Daily Journal said in the letter. “Also, there have been only purchases and no sales, so no time has been spent trading or ‘managing’ these marketable securities That made my day! Damn the SEC, they have much bigger problems (& crooks running around) they are supposed to regulate but don't have the b$$lls to, and they want to regulate the Daily Journal like a mutual fund! What a bunch of baloney. Link to comment Share on other sites More sharing options...
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