I have a different point of view here, I obviously don’t have anything to prove my point, but I guess it sure has merit.
Munger is 98 years old now. I am guessing he must have been at least 90 when he bought the stock. 90 may not be old age by the standards of geniuses, but nevertheless I guess it is not an age where the brain can work the same as it did even 10 years ago. So despite Munger being Munger at the time of the investment, but he may not have had his entire brainpower by his side, including his vast experiences, because experiences too are memories which also reside in the brain. He may not have went through the entire process of investing in the stock, he simply may have nodded his head as approval.
So I don’t think it is appropriate to look at this particular investment from any standard vantage point, considering the advanced age of the investor in question.
On a lighter note, I would be glad to stand corrected if Munger himself sees this post, and says that I am utterly wrong, and he is healthy as a horse, and he is currently reading about Metaverse.
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