How much to allocate to a big idea?
From a previous Berkshire annual meeting…
Munger: “There have been times in my life when I have had more than 100% in things”
Didn’t Charlie use leverage to buy an early BABA tranche for the DJCO account?
Buffett: " You will see things over time where it would be a mistake, if you are working with smaller sums, not to have 50% of your net worth in them"
https://www.youtube.com/watch?v=qbEeSlqLTxY
At the moment, I’m over 40% BABA.