Charlie Munger, for decades my partner in managing Berkshire, viewed this obligation identically and would expect me to communicate with you this year in the regular manner. He and I were of one mind regarding our responsibilities to Berkshire shareholders. * *** Writers find it useful to pictu...
Charlie Munger: Well, I’ll handle it as long as we can, and when I’m gone or sufficiently impaired, we’ll get somebody else to do it. Becky Quick: Ok, the second part of that question is, what are the reasons for Gerry and Peter Kaufman leaving the board? Charlie Munger: Well,...
Bottom line.Charlie Munger was born in 1924 and reached financial independence at age 38 from his earnings as a lawyer (beforehe became partners with Warren Buffet). While he is now best known as a billionaire investor, he took a familiar path to financial independence: solid 9-5 income, c...
”. That was the guy that didn’t invest. He got reminded of this by the other 11 for the rest of his life. And those people stuck with me and, one of them died. Then the last year was in front of my deleted and 101, and his name was Stan Tools. And he came from a ...
Second, here is another version of the quote credit to Munger, perConservative Income Investor: “The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find...
the talented assistant of investment genius Warren Buffett, passed away at the age of 99. It was just over a month before Munger’s 100th birthday. Buffett stated in the announcement, “Without Charlie’s inspiration, wisdom, and involvement, Berkshire Hathaway could not have achieved its curren...
This is an unofficial transcript of Warren Buffett, Charlie Munger and Bill Gates appearing live with Becky Quick on CNBC's "Squawk Box," Monday, May 5, 2014. A PDF version of this transcript may be downloaded by clicking here. BECKY QUICK, CNBC: We are live this morning from the Nebras...
Munger also warned that the golden age of investing is over and investors will need to contend with a period of lower returns. Munger said, "It's very difficult to get the same returns now as in the past." He noted that as in...
The Chinese automaker BYD may end up being a mistake for Berkshire perhaps because Munger and Buffett drifted too far from what they call their “circle of competence.” Charlie has said that it was fun to make the investment and particularly at his age and level of success he is entitled ...
Charles Munger Yes, it’s true. I operated with no leverage for long stretches of my old age and Warren is the same way. And recently, I did use a little bit of leverage here in another place because the opportunities were so ridiculously good. I thought it was desirable to do that....