Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
30 Oct 2023 Acquired Charlie Munger
“I would say the central norm was: don't raise the market. Get it low and keep it there forever.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 30 Oct 2023
- Publisher
- Acquired
- Episode
- Charlie Munger
Transcript context
…I mean, they talk about the story of the ketchup that you could increase the price of ketchup by 3% and nobody would notice, but that would destroy everything if you did that, right? I would say the central norm was: don't raise the market. Get it low and keep it there forever. Which brings us to the hotdogs. Is it true, the story that when Craig took over as CEO, he did try to raise the price of the hotdogs?…
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