As we saw earlier, Munger ran his own investment partnership that beat the market over a meaningful period of time. He also has a strong impact on Berkshire Hathaway’s investment decisions to this day. Accordingly, his thoughts on when to buy stocks are worth discussing. Munger’s investment...
In the modern world we live in, there are people who specialize in dragging others into the water and teaching others to trade stocks frequently. In my opinion, this is no different from abetting young people to take heroin. It's stupid. How can a person who has already made money make...
The Mungers have Berkshire stock, Costco stock, Chinese stocks through Li Lu, a little bit of Daily Journal stock and a bunch of apartment houses. Do I think that’s perfect? No. Do I think it’s OK? Yes. I think the great lesson from the Mungers is you don’t need all this da...
Investment Process:Almost every investor has some ‘all time favourites’. All time favourite stocks, all time favorite investors, all time favourite managements etc. This is fine till the point it clouds their judgment about all those favourites. I hear so many people bullish on a stock becaus...
152. Charlie Munger: 10 Principles of Investing 151. Warren Buffett Achieved Gains of More Than 1,000% in These 6 Stocks 150. What Does Warren Buffett Know About The Candies Business – A Lot With Depth & Breadth 149. The secret to life is to a long and happy life: Learn from Charli...
"This is a very, very bad thing. The country did not need a currency that was good for kidnappers," Munger said in an interview with CNBC's Becky Quick Tuesday.
This one needs to be framed. It does not require 100 companies to make a lot of money in the markets becausefinally the number of stocks that do it for us would be less then 5 and we better make sure we have enough in them at the starting block!!!
I thought Charlie Munger was known for his quick wit.. but this is some deep message... Thanks for bringing this to the forum Deep insight ji ! --- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to...
WB: I couldn’t be in better health. It’s a little bit discouraging to me that my partner in business, life, and everything else — Charlie Munger — is 98. (Laughs) CR: And still going strong. WB: I’m still the kid! (Laughs) ...
Of course…if you take the Munger’s, I care about the Munger’s. The Munger’s have three stocks. We have a block of Berkshire, we have a block of Costco, we have a block of Li Lu’s fund, and the rest is dribs and drabs. So am I comfortable? Am I securely rich? You’...