https://ko66.gifts/ When Charlie Munger is pressed on this issue, his response is that Warren Buffett would have fallen around to this way of investing anyway; it was just a a couple of time. Charlie helped him get there sooner. What is this to investing that Munger is considered for, after all, Munger is a billionaire from investments in his or her own excellent. It can be summed up in a few sentences. With a DB plan the retiree could only receive exactly what the company wanted to give them but having a DC plan, if the investments associated with retiree's plan did well the retiree could possibly have all the more to retire on compared to what they invested. While earlier investor has more experience and more knowledge about investing, the students investor can produce vastly superior returns. Is that hard to suppose? Well, it will become obvious in only one minute we all discuss the strength of Ko66 compound interest . Warren likes a business that he can understand. However for Warren, this has a deeper business meaning. A business that the guy can understand one in not wearing running shoes has a machine or service that does not have alter in order to sell off. To Warren, a predictable product equals predictable returns. Coke is fine example of this. The cola product has been the same for over 100 years, so it is not unreasonable to suggest it in order to be the same for the other 100 seasons. This gives Warren better insight in how to forecast future earnings. Please keep in that this can be a very rough estimation of brand value . We just assume the same 10 cents product differential everywhere. Coke sells to almost every corner of the globe and cost tag on differential may not be 10 cents every moment. Furthermore, as you may know, if Coca Cola is not selling a lot Coke this year, the value of the brand will drop and the other way around. Therefore, the value with the Coke brand will fluctuate depending on the sales for this product. Supply disruption will re