All rights reserved. And you mentioned technologythats very, very important. I think the Chinese were very smart. Im not saying I wanted to live in China. Has the quality gone down? Question: What advice would you give to someone who is trying to stay within their circle of competence but finding that the pace of technical technological innovation is rapidly reducing that circle? People really trust Costco will be delivering enormous value. But I do admire what the Chinese have done. He took over a malarial swamp with no army, no nothing. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. The disruption from the decline in newspapers has had a significant impact. Charlie Munger: I dont have any wonderful new thoughts. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. In a shareholder letter, Barra said 2023 will be a "breakout year" for GM's Ultium-based EVs. Of course, thats a useful thing. WebShareholder Letter Q2 2022 AUGUST 9, 2022. So far the evidence would be that maybe the monetary modern monetary theory is right. Delayed Nasdaq Written by Andy Jassy, CEO at Amazon. In December 2019, we had a peak of 10 million daily meeting participants, but by April 2020, we were averaging 300 million daily meeting participants 30x growth in about three months. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? Because we have the proxies those directors are now reelected. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. And the next time around the poor will get richer faster than the rich. Our editorial system and our advertising system are all in the cloud. Question: Charlie, you are known as an advocate for learning from ones mistakes. He was just so damn smart. Hed been a receiver for a bank. If I had stayed in Omaha, where I was raised, and gotten into the banking business, I would have been a hell of a good banker. Scan this QR code to download the app now. And it was probably wise that we acted exactly as we did. Thats the nature of capitalism. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. Its a funny way to make money. Letter
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