In 2009, Berkshire Hathaway share was down 50% from it’s peak.
Charlie Munger was asked about how he felt about this. Listen to his Cold Blooded answer 🥶
Reporter: “How worried are you by the 50% decline in the Berkshire Hathaway share?”
Charlie: “Zero. This is the 3rd time that Warren and I have seen our stock holdings fall by 50% or more.”
“In fact, you should react with equanimity to market price decline of 50% or more in your portfolio at-least 2-3 times a century.”
“If you don’t, you’re not fit to be a common shareholder and you deserve the mediocre results you’re going to get. 🔥