Charlie Munger

Thoughts on Cost of Capital and Buffett’s $1 Test – Part 1

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“I’ve never heard an intelligent discussion about ‘cost of capital’.” – Charlie Munger I read something a few weeks back that referenced some comments that Charlie Munger once made on the topic of cost of capital. Maybe these comments will be yet another unintelligent discussion of cost of capital, but I thought I’d share some notes I wrote down this past week as I gave this concept some more thought. This post will touch on Buffett’s $1 test, which is […]