14 Sep 2014 Charles Munger: Secrets of Buffett’s Success? ( Portfolio )

Even he is a bit puzzled by how two men could take a jumble of dying textile mills, stagnant department stores and a trading-stamp company and turn it into the fifth-biggest firm in America, with a stock-market value of $337 billion.

“How the hell does this thing end up blowing past GE?” asked Mr. Munger, a sense of wonder in his voice. (General Electric’s stock is valued at $260 billion.)