“Berkshire has always tried to keep a culture where we act
like we were having a recession when we aren’t.”
……….
[After they discussed how Warren Buffett wants to be
remembered as a teacher.]
Becky Quick: How do you want to be remembered?
Charlie Munger: Well I have a little different twist. I have
less ambition than Warren of being a great teacher. I am trying to emulate my
great grandfather. When he died they said about him, nobody envied the success
so fairly won and wisely used. It’s a simple philosophy. Wouldn’t Wall Street
have worked better if more people had tried to imitate my great grandfather?