
“Only when the tide goes out do you learn who has been swimming naked.”
Warren Buffett
“Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.”
Charlie Munger
Copyright © 2023 – 2025 Seravalue
“Only when the tide goes out do you learn who has been swimming naked.”
Warren Buffett
“Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.”
Charlie Munger
Copyright © 2023 – 2025 Seravalue