Here's a Gold Nugget of a Question

From Charles Munger

Do you doom scroll?

I look on Social media for a few ideas and then I’m done for the day.

Does that make me a Doom Scroller?

Here’s an amazing nugget of an idea from Charles Munger:

memetic_sisyphus@memeticsisyphus

So much of leftism is “I don’t think that way, it must not be real.”

James Surowiecki @JamesSurowiecki

I love Charlie Munger, but this particular argument for why Costco charges membership fees always seemed deeply implausible. What person who's going to regularly steal stuff from a store is unwilling to pay $50 a year for the opportunity to access a cornucopia of consumer goods?

1:46 PM · Feb 12, 2026 · 154K Views

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82 Replies · 301 Reposts · 5.54K Likes

So you see I really try to read the articles.

Speed reading this you would have missed out.

Munger is saying if you pay for something you are not going to look to mess around.

When I was a fledgling broker a nice, new brokeress was pitching to short Costco due to valuation and while I didn’t agree she was adamant.

And adamantly wrong as it rose and rose and rose.

Thisis a good reason for that. As all their competitors were getting looted and made shoppers uncomfortable, the entire shopping based moved to Costco in areas that allowed low-level shoplifting.

This is a QUESTION I have never heard asked and most definitely an edge to your investing you just won’t find except in elite stock pickers.

So why is it hard to formulate?

It’s a quip, an aside like a good joke so it’s not valued as much.

Yet it has the kernel of riches ahead.

I would be remiss to point some amazing question I asked but few have picked up on.

If you did not pick up on them, then ask on chat.

In this day and age where data is cheap, prevalent, it’s the folks that ask questions that will succeed.

We are not encyclopedias. Though the kids book Encyclopedia Brown was entertaining.