Munger: "And I don't think, when Berkshire came up, we had an easier world than people are facing. I don't think you're going to get the kind of results we got just by doing what we did. That's not to say that what we did, and the attitudes that we had are obsolete, or won't be useful. It's just that the prospects are worse. We're all [Inaudible] rule. And the first rule of fishing is fish where the fish are. And the second rule of fishing is don't forget the first rule. And investing is the same thing. Some places have lots of fish, and you don't have to be that good a fisherman to do pretty well. Other places are so heavily fished that no matter how good a fisherman you are, you're not going to do very well."