Subject: Re: Munger : BRK a pretty damn good bet
From today's Whitney Tilson Daily, a link to the transcript from Charlies Daily Journal Corp Annual Shareholders Meeting 2023.



For me , this was the most memorable reply from Charlie to the question,

" What are some of the most important things that we need to know about Greg Abel? "

Charlie Munger

"Yeah, well, Greg is just sensational at being a business leader, both as a thinker and as a doer. And he's also sensationally good at smoothly getting things done through other people. So he's a very remarkable human being. And Berkshire is very lucky to have him. And, and he's also always has a tremendous learning machine, you can argue that he's just as good as Warren is learning all kinds of things. And one of the interesting things about Greg is there's some things he's better at than Warren is, and more knows that, and he just keeps dumping on to Greg, everything that Greg can do better. And it's a lot. And, and so the system at Berkshire is working right now. Well, we're very lucky to have a 92 year old is as good shape as Warren anyway. And we're very lucky to have us, a chief executive like, Greg, Greg is very remarkable. Greg is trusted by insurance regulated by utility regulators, and rightly so he is trying to run all those utilities as if he were the regulator. Now, many people think that way. But it's such a smart way to think."

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ciao