03-31-2022, 08:41 PM
At a Berkshire Hathaway events some years ago, Warren Buffett's partner Charlie Munger made an observation about speculation in the financial world, which may apply in other areas of life as well, such as healthcare:
“If you mix raisins with turds, they’re still turds."
“If you mix raisins with turds, they’re still turds."