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The way to get rich is to keep $10 million in your checking account in case a good deal comes along.

by 고니과장 2019. 6. 24.

This is an element of the Munger investment equation that is almost always misunderstood. 

Why? Because most investors cannot image that sitting on a large pool of cash year after year, waiting for the right investment could possibly be a winning investment strategy, let alone one that would make them superrich.

- <THE TAO OF CHARLIE MUNGER>

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