[00:16:54] Buffett: I’ve lived in the same house since 1958, 63 or 64 years. A quarter of the life of the country. I’ve lived a quarter of the life of the country in one house. And I like being five minutes from the office too. I’m gonna just think if I’d had a 35...
Charlie Munger warned that a mega-mansion can make you ‘less happy’—and he lived in the same relatively modest house for seven decades BYSteve MollmanDecember 2, 2023 Success Why Charlie Munger and Warren Buffett refused to buy companies with bad managers BYJane ThierNovember 29, 2023 Finan...
几年前没有人听说过他们。 Charlie Munger : Well , that's easy Tesla last year reduced its prices in China twice . BYDicreased its prices Were direct competitors . BYD is so much ahead of Tesla in China ,s like a . . it's almost ridiculous . If you look at BYD , which most peopl...
Charlie Munger: Full Transcript of Daily Journal’s 2022 Annual Meeting June 3, 2022 / Richard Lewis / 3 Comments It’s always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. Once again, the wit and wisdom of Charlie Munger was on full display at t...
Munger’s limited partners realized 19.8% annualized returns during the lifetime of the partnership (before fees), comparing very favorably to the 5.0% return realized by the Dow Jones Industrial Average in the same time period. Clearly, we have a lot to learn from this great investor. ...
MUNGER: Well, the Davises were like second parents to me. There were two sets of three children, my father's best friend was Eddie Davis and my mother's best friend was Mrs. Davis. I lived in that house back and forth as th...
This speech was originally delivered by Charlie Munger to an audience at Harvard University in 1995. Speech Transcript I am very interested in the subject of human misjudgment, and Lord knows I’ve created a good bit of it. I don’t think I’ve created my full statistical share, and I ...
Net worth analysis.According to his Wikipedia bio, the 95-year-old Munger graduated from law school in 1948. Let’s say he practiced law from 1949 to 1962. At the end of those 13 years, he states that he had $300,000 in liquid assets, a house, and two cars. The median value for...
I lived all my life with people who were intodeferred gratification. In fact most of them will never have any fun. They just defer gratification all the way to end, that’s what we do. And it does cause you to get rich. So we’re going to have a lot of rich dead people. (l...
4. Having a basic house really helps you. Having a really fancy house, it’s good for entertaining 100 people at once. It’s a very expensive thing to do. And it doesn’t do you that much good.Warren and I both lived in the same house for decade after decade after decade. All ou...