Warren Buffett may have been lucky to meet Munger. He credits Munger with getting him off buying “cigar butts” and instead focusing on excellent businesses (pri

Warren Buffett may have been lucky to meet Munger. He credits Munger with getting him off buying “cigar butts” and instead focusing on excellent businesses (pricing power, barriers to entry, etc) at fair prices which is largely where Buffett’s wealth expanded the most.