Suppose you had $2 million to invest in just one business, what ideas would you follow to turn that $2 million equity stake into a corporation worth $2 trillion 150 years later?
Q3 2019 hedge fund letters, conferences and more
In 1996, Charlie Munger gave a talk titled Practical Thought about Practical Thought, in which he explored this idea.
In the talk, which was published in Munger's unofficial biography, Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, the billionaire investor presented the following puzzle:
"It is 1884...
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