92. What is the secret of success? I’m rational. That’s the answer. I’m rational. It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds]. 93. A lot ...
Munger, who spearheaded Berkshire's investment in BYD Co, also reiterated his optimism in outlook of the Chinese electric vehicle (EV) heavyweight at his podcast with Acquired a week ago. Munger called BYD a “miracle” and highly praised BYD founder, chairman and CEO Wang Chuanfu. He said ...
Charlie Munger heavily influenced Warren Buffett’s investment style. Munger believed in holding a hyper-concentrated portfolio of extremely high-quality businesses. Munger eschewed diversification – he was comfortable holding as few as 3 securities at a time. ...
In the 45 years since Munger joined Buffett's team。the market value of the team has skyrocketed from 10 million dollars to nearly 750 billiondollars。an increase of over 75000 times。The stock portfolio(/po：rtfouliou/) of Buffett's team has created investment myth(/m0/) wit an average ...
That wreck was followed by three key happenings – two positive, one negative – that set us firmly on our present course. At the beginning of 1996, we acquired the half of GEICO we didn’t already own, a cash transaction that changed our holding from a portfolio investment into a wholly...
It's a sentiment that Munger has expressed in the past, and one he's previously attributed to his longtime friend and investment partner,Warren Buffett. But Munger seems confident that he's overcome the tendency himself. "I have conquered envy in my own l...
Brief summary "Charlie Munger" by Tren Griffin is a comprehensive biography of the legendary investor and Berkshire Hathaway Vice Chairman. With insights into his investment philosophy and approach to life, this book offers valuable lessons for any aspiring investor.Topics...
Becky Quick: How does the Daily Journal plan to handle its investment portfolio after Charlie steps back? Gerry Salzman: Charlie, I think you should answer that. Charlie Munger: Well, I’ll handle it as long as we can, and when I’m gone or sufficiently impaired, we’ll get somebody el...
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BHE (Berkshire Hathaway Energy):The fourth giant, BHE, a portfolio of locally managed businesses in the utility sector, is another classic example of the Munger-Buffet preference for companies with an economic moat—the massive capital required to lay power lines across the U.S. protects BHE fr...