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Charlie Munger: "One of the reasons that Berkshire has been so successful is there's practically nobody at headquarters. We have almost no corporate bureaucracy." "Some of these [managers] that go into a stupid bureaucracy and fire a third of the people and then the place works better... They're doing the Lord's work, but you wouldn't think so if you were working there. There is a lot of horror and waste in bureaucracy — and it's inevitable."
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