In investment management today, everybody wants not only to...

In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women

Charlie Munger Quote About Crazy, Winning, Feet: In Investment Management Today Everybody...

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