I was about to wrap up this article when I heard about the passing of Charlie Munger. His wit and wisdom were unmatched and there were so many facets to him. A unique situation I am reminded of is how much risk he was willing to take early in his career, including at one point putting all his money in one arbitrage situation and borrowing even more to invest in it. I got a chance to hear him at the last Berkshire Hathaway meeting and had hoped to do so again next May. Rest In Peace Charlie.
I like artificial intelligence because we’re still so short of the real thing.