While Warren Buffett gets all the credit, his right hand man, Charlie Munger, who passed away on November 28th at age 99, is credited with convincing Buffett to not only purchase companies that were priced cheaply but also consider buying companies with “wonderful businesses selling at reasonable prices.” In effect, Munger was telling Buffett that paying more for quality growth stocks can be an attractive opportunity. We heartily agree.

Click here to read entire piece.