Forget The Eye Droppers, Load Up! (2003 Q33 pm)

Warren Buffett and Charlie Munger answer a question at the 2003 Berkshire Hathaway annual meeting about position sizing. They talk about their preference to take big bites when they find something they like. They go on to talk about the opportunity cost of not doing something big, or not doing it at all, a result that doesn't show up on the financial statements. Hey ‪@JessieOpportunityCostInvesting‬ I feel an obligation to alert you to any instance of mention of opportunity cost! Looking to find great businesses to add to your watchlist? Check out http://www.watchlistinvesting.com http://www.theoraclesclassroom.com #berkshirehathaway #portfoliomanagement #opportunitycost