Look at those hedge funds - you think they can wait? They...

Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'

Charlie Munger Quote About Thinking, Years, Waiting: Look At Those Hedge Funds...
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