Ben Gilbert: belief

Transcript context

…Yeah. Something changed. Yeah, absolutely. You're totally right. What did Charlie Munger tell us? He said, there aren't many times in a lifetime where you know you're right and you know you really have an investment that's going to work. You may even find it five years after you bought it. Your own understanding gets better. I think that's basically what happened with the Novo Nordisk foundation. They realized oh, my God, this isn't just a service we're doing for the world. This is one of the most important markets in the world. Totally right. It's so funny. Obviously we weren't in the room as these conversations were happening. But from reading the history, it feels like they understood it more than management at the time. Management was too close to it and thinking, industry wisdom, we need to merge, consolidation is happening. They were like, no, there's this incredible wave that we are riding here. Let's keep compounding.…

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