7 Nuggets of University of Berkshire Hathaway (vol.21)

1. Today, stocks are extremely popular.

2. Berkshire bought several businesses in 1999.

3. Munger discussed the collapse of Japan.

4. Munger concluded people were fear to borrow money.

5. Reasonable return on capital

6. Munger claim discount.

7. Buffet says to invest in yourself.