Charlie Munger

2654.086 - 2680.182 Charlie Munger

Number two, the leading companies of China are stronger and better than practically any other leading companies anywhere. And they're available at a much cheaper price. So naturally, I'm willing to have some China risk in the Munger portfolio. How much China risk? Well, that's not a scientific subject. But I don't mind whatever it is, 18% or something, whatever's worked out in the Munger family.