How investing is similar to choosing a spouse

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1997 Annual Meeting

How investing is similar to choosing a spouse

Charlie Munger and Warren Buffett discuss opportunity cost and how it comes into play in making investment decisions.

Mon, May 5 1997 • 1:00 PM EDT

More From 1997 Annual Meeting

1997 Annual Meeting Highlight Reel

Morning Session - 1997 Meeting

Afternoon Session - 1997 Meeting

Is McDonald's an "inevitable" company?

"There are a lot more interesting things that are going to happen"

"The stock market is there to serve you and not to instruct you"

Why Buffett doesn't invest in Intel and Microsoft

Buffett and Munger on the capital gains tax

America's economy "encourages" adaptation

Buffett's "five minute test"

Buffett's "normal day"

Money managers have gotten "something for nothing"

"Learn from the other guys' mistakes"

"It's share of mind that counts"

"Mistake" not to buy drug companies