If my memory is correct!
There were people who said really terrible things on the Mitsubishi Corporation bulletin board about whether people change their personalities when money is spent, probably 2 or 3 years ago. When I think about it now, both PER and PBR were low.
It sounds like Mr. Munger said that knowing the value of that company is value investment.
Japanese stocks are easy to understand, but I was struggling with US stocks.
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