16-minute Yahoo! Finance video with Charlie Munger (LINK) [Munger mentioned Eric Hoffer and a key insight from his book The True Believer, around the 10:54 mark.]
Warren Buffett (who then gets joined by Bill Gates and Charlie Munger) on CNBC... Links to videos:
Buffett on streaming Berkshire's meeting (LINK)
Buffett on currencies, rates and financials (LINK)
Buffett on economic recovery (LINK)
Buffett on jobs picture, GDP and oil (LINK)
Buffett on American Express and buybacks (LINK)
Why voters are mad: Buffett (LINK)
Valeant's drug-pricing charge: Buffett (LINK)
I drink Coca-Cola and I'm happy: Buffett (LINK)
Buffett: Hedge funds in focus (LINK)
Jeff Bezos has 'changed the world' in a big way: Buffett (LINK)
Wal-Mart under a lot of pressure: Buffett (LINK)
Buffett on Brexit (LINK)
No surprise Baker Hughes, Halliburton deal fell through: Buffett (LINK)
Buffett on slow global growth (LINK)
Buffett on Big Blue, Yahoo and trade (LINK)
[Gates and Munger join]
Highlights from Omaha (LINK)
Bill Gates: Impact of low rates (LINK)
Bill Gates on the next path to normal (LINK)
Europe's woes affecting our monetary policy: Buffett (LINK)
Munger, Gates on future of AI (LINK)
Buffett on driverless cars (LINK)
Buffett on Puerto Rico's debt crisis (LINK)
Bill Gates on pensions (LINK)
'Idiots of each party' in control: Charlie Munger (LINK) [Munger mentioned Eric Hoffer and The True Believer again in this video.]
Valeant was robbing our hospitals: Charlie Munger (LINK)
Bill Gates on encryption battle (LINK)
Fixing the tax code (LINK)Phil Weiss' 2016 Markel Omaha Meeting Notes (LINK)
..................
And since Munger mentioned Eric Hoffer a couple of times, here's the quote from The True Believer that I've posted a couple of times before:
It goes without saying that the fanatic is convinced that the cause he holds on to is monolithic and eternal - a rock of ages. Still, his sense of security is derived from his passionate attachment and not from the excellence of his cause. The fanatic is not really a stickler to principle. He embraces a cause not primarily because of its justness and holiness but because of his desperate need for something to hold on to. Often, indeed, it is his need for passionate attachment which turns every cause he embraces into a holy cause.
The fanatic cannot be weaned away from his cause by an appeal to his reason or moral sense. He fears compromise and cannot be persuaded to qualify the certitude and righteousness of his holy cause. But he finds no difficulty in swinging suddenly and wildly from one holy cause to another. He cannot be convinced but only converted. His passionate attachment is more vital than the quality of the cause to which he is attached.