Charlie Munger：Munger's 1994 USC Talk, Additional Excerpt 47

You will get a few opportunities to profit from finding underpricing. There are actually people out there who don't price everything as high as the market will easily stand. And once you figure that out, it's like finding in the street—if you have the courage of your convictions.

Source： https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Locator：Archived transcript, additional excerpt 47 · Verified：2026-10-19 · Verification：Short excerpt

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