Commercial Real Estate Mastery Podcast

Cigar Butts And Risk-Adjusted Returns

8 min · 1. juni 2026
episode Cigar Butts And Risk-Adjusted Returns cover

Description

Charlie Munger – Warren Buffett’s late business partner – once described the type of deals that Buffett was doing as “cigar butts” and suggested there was a better way to invest. In this Commercial Real Estate Mastery podcast we’re going to explore what Munger was talking about.

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