I thoroughly enjoyed going back to the University of California, Irvine to give my 2nd annual UCI lecture entitled, “Few Bets. Big Bets. Infrequent Bets.”
I discussed five decisions by Warren Buffett and Charlie Munger made over a 20-year period (1968–1988) that moved the needle for Berkshire. I also delved into the intense difficulties that Charlie Munger faced along the way. No pain, no gain.
The presentation was followed by a rich Q&A on a diverse range of topics. Enjoy!