Replies to post #185950 on DD Support Board and Research Team

[bar1080]

Munger [at BRK SHM] strongly agrees with Bar1080 on portfolio turnover

INTERVIEWER: Mr Buffett has espoused for decades the philosophy of buy and hold or hold forever was too short of a time period. Is it a misperception on my part or has his philosophy changed? It seems to be a much greater turnover in the equity portfolio, lately.

BUFFETT: I don't think there's that much turnover.

MUNGER: No, but there's too much.

BUFFETT: What?

MUNGER: There's way too much.

[LAUGHTER]

BUFFETT: Yeah.

https://finance.yahoo.com/video/warren-buffett-philosophy-buying-holding-211644684.html