The Age logo The Age 1 month ago

Kathmandu or Kathmandon’t?

In a speech at the USC Business School in 1994, billionaire investor Charlie Munger said “any time anybody offers you anything with a big commission and a 200-page prospectus, don’t buy it. Occasionally, you’ll be wrong if you adopt ‘Munger’s Rule’. Full Article at The Age

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  2. Warren Buffett
  3. Burlington Northern Santa Fe

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  1. Charlie Munger, Berkshire Hathaway's vice chairman and Warren Buffett's right-hand-man, is seen prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. , Saturday, May 2, 2009.
  2. AUCKLAND, NEW ZEALAND - DECEMBER 05: His Holiness the 14th Dalai Lama speaks at the Vector Arena on December 5, 2009 in Auckland, New Zealand. His Holiness the 14th Dalai Lama of Tibet is visiting New Zealand conducting Public teachings to New Zealanders.
  3. AUCKLAND, NEW ZEALAND - DECEMBER 03: Brad Wilson of the Northern Knights sets off for a run during day one of the Plunket Shield match between the Auckland Aces and the Northern Knights at Colin Maiden Park on December 3, 2009 in Auckland, New Zealand.
  4. AUCKLAND, NEW ZEALAND - NOVEMBER 26: Dillon Boucher of the Breakers attempts to pass the ball under pressure from Julien Mills of the Taipans during the round 10 NBL match between the New Zealand Breakers and the Cairns Taipans at North Shore Events Centre on November 26, 2009 in Auckland, New Z...
  5. AUCKLAND, NEW ZEALAND - NOVEMBER 21: Protestors march up Queen Street as part of the Vote With Your Feet March on November 21, 2009 in Auckland, New Zealand. The March for Democracy was being held to protest against the Government's failure to respond to amending the anti-smacking legislation.
  6. AUCKLAND, NEW ZEALAND - NOVEMBER 17: Charlies fresh juice is displayed in a fridge during the Charlies Group Ltd Annual General Meeting at The Northern Club on November 17, 2009 in Auckland, New Zealand. Charlies Group is a New Zealand manufacturer of fresh juices and beverages.
  7. FILE - Oct. 6 1950 b/w file photo of 10 year old twins Brian Thomas Sullivan (left) and Kevin James Sullivan from Islington, London, who carry their luggage to the boat train "Rangitoto" as they leave Liverpool Street station in London bound for Auckland, New Zealand.
  8. WELLINGTON, NEW ZEALAND - NOVEMBER 14: Rebecca Dubber of Auckland during the New Zealand Paralympic National Championships on November 14, 2009 in Wellington, New Zealand.
  9. AUCKLAND, NEW ZEALAND - NOVEMBER 12: Head coach Andrej Lemanis of the Breakers appeals to the referee during the round eight NBL match between the New Zealand Breakers and the Perth Wildcats at North Shore Events Centre on November 12, 2009 in Auckland, New Zealand.

Cast of Characters

  1. NYSE NYSE
  2. U.S. Congress U.S. Congress
  3. Berkshire Hathaway
  4. Tom Gardner Tom Gardner
  5. NASDAQ NASDAQ
  6. Warren Buffett Warren Buffett