“Microeconomics is what you do, macroeconomics is what you put up with”

That headline is a quote from Charlie Munger from today’s Annual Meeting for Berkshire Hathaway (BRK.B) here in Omaha, and it’s one of the ones that really caught my ear. He was responding to a question about how he and Buffett avoid making big predictive calls about the economy, or assessing the near-term health of […]