Charlie Munger：Munger's 1994 USC Talk, Additional Excerpt 39

And, by the way, the bulk of the billions in Berkshire Hathaway have come from the better businesses. Much of the first $200 or $300 million came from scrambling around with our Geiger counter. But the great bulk of the money has come from the great businesses.

Source： https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Locator：Archived transcript, additional excerpt 39 · Verified：2026-10-19 · Verification：Short excerpt

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