If the same family were always on the bottom, then you'd...

If the same family were always on the bottom, then you'd have big resentments. But if DuPonts go down and Pampered Chef up, [that's good]. That much churn makes people think the system is fairer. Buffett: We don't like churn now, but we liked it more 30-40 years ago.

Charlie Munger Quote About Thinking, Years, People: If The Same Family Were...

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