I know you are all familiar with the Oracle of Omaha, Warren Buffet, but have you ever heard of Charlie Munger?
Charlie was the vice chairman, along with Buffet, of Berkshire Hathaway, until his death. His razor sharp wit, and financial acumen were overshadowed in mainstream media, but there is no diminishing the influence he brought to the partnership.
Charlie was quoted as saying:
"The big money is not in the buying and selling, but in the waiting."
What does that mean to you?