Warren Buffett & Charlie Munger, BRK Annual Meeting (2008)

Warren Buffett:
“If I were working with small sums of money, it would open up thousands of possibilities. We have found very mispriced bonds. We found them in Korea a few years ago. You could make big returns but had to be of small size. I wouldn’t be in currencies with a small amount of money. I had a friend who used to buy tax liens. I’d look in small stocks or specialized bonds. Wouldn’t you say that, Charlie?”

Charlie Munger:
“Sure.”

Source:
Warren Buffett & Charlie Munger, BRK Annual Meeting (2008) - https://www.tilsonfunds.com/BRKnotes08.pdf