“I watched a man build up a business in southern California, which was a wonderful business. And the time came to sell it — and he devoted his whole life to creating it — he sold it to a known crook who was obviously going to ruin the business just because he could get a slightly higher price. I think that’s an insane way to live a life if you own a prosperous business. I think the better course is to sell to somebody you know is going to be a good steward of what you’ve created.”
—Charlie Munger.
