Wednesday, November 13, 2013

Charlie Munger on Leucadia and telecom...

We regard the Leucadia people as very smart. Is it conceivable that the Leucadia people could have one outcome that didn’t work very well? Sure, it’s possible. 
I look at telecom and all the change and my reaction is that of Samuel Goldman: “Include me out.” I’m just not suited for this; I don’t know how to predict those outcomes, so I leave it to other people.