1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Inoculated Investor
Inoculated Investor
Articles (5983) 

2010 Wesco Financial Corp. Annual Meeting Notes

May 08, 2010 | About:

If you thought Munger was on fire at the BRK Annual Meeting, wait until you see the notes from the Wesco meeting. As with the BRK meeting, the following are my hand-typed notes from the Munger love fest that occurred on Wednesday in Pasadena.

Every time I hear him speak, I gain new appreciation for Charles T. Munger. His pragmatism and practical nature resonate with me. He also has a sense of fairness and an appreciation for what is right and what is wrong that makes him very unique. For those of you who were not able to attend the meeting, I hope this 8500 word recap captures some of the wisdom he bestowed on us all.

I hope you enjoy the notes and look out for Value Investing Congress notes to be posted in the coming days.

Inoculated Investor

http://inoculatedinvestor.blogspot.com/

2010 Wesco Annual Meeting Notes



About the author:

Inoculated Investor

My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.



Rating: 4.0/5 (8 votes)

Comments

superguru
Superguru - 6 years ago    Report SPAM
I think I am suffering from overdose of wisdom of Buffett and Munger. It appears people ask them exactly the same questions and they give exactly the same answers every year. I have been in investment world for 3 years.

But it sure is very good for people just entering the investment world.

BRK annual reports are much more fun and educational to read, IMHO.

rgarga
Rgarga - 6 years ago    Report SPAM


In the past, you wrote an article highlighting the investment prudence in reinsurance industry. Does your understanding change after this q and a with munger?
Greg Speicher
Greg Speicher - 6 years ago    Report SPAM
Nicely done. Thanks for all the work you put in on these notes and for sharing them.

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


giacupoDividend Growth-2
alexbernal0ZacksGrowers
Jwalker89TR 10Y (-12M TR)
graemegarnettBest Return
psinghppmfcf_ev
giacupoDividend Growth-1
Stephen NeumeierPiotroski 8-9 0.1-1.5
pbarker465 Values & Good Interest Cover
pbarker46E10 & High Interest coverage
doug.quailConsistent Growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK