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, KIPLINGER, 2005 The trouble with what I call the classic Ben Graham concept is that gradually the world wised up [after enough time had passed after the Great Depression] and those real obvious bargains disappeared. … Ben Graham followers responded by changing the calibration ...
which is natural. I can’t remember when I first read Ben Franklin. I hadThomas Jeffersonover my bed at seven or eight. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.”―Charlie Munger ...
Inspirational and Motivational Quotes by Charlie Munger “In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They thin...
Charlie Munger: Well, that’s a very good question, and I’ve always believed that nothing was worth an infinite price. So at some, even an admirable place like Costco could get to a price where you would say that’s too high. But I would argue that if I were investing money for ...
沃伦-巴菲特是投资界的阿甘。他的人生似乎与每一位著名的投资者和经营者都有交集。想想看:他的搭档查理-芒格(Charlie Munger)是一位天才,和巴菲特一样在中西部的小镇长大。他成为价值投资之父本-格雷厄姆的明星学生。巴菲特 10 岁时,父亲带他去了纽约证券交易所。巴菲
Munger’s example reaffirms that if you have a relatively high income, save a high percentage of that income, AND invest that money into productive assets, your net worth will grow quite quickly. A criticism of financial independence seekers is that it is pitched to “everyone” but only wor...
“The Chinese economy has better future prospects over the next 20 years than almost any other big economy,” Munger said in his first longform podcast interview. The legendary billionaire investor further noted the leading companies of China are stronger and better than practically any other ...
Charles “Charlie” Munger, a longtime resident of Pasadena, California, was perhaps best known as the business partner of Warren Buffett at the world’s greatest compound interest machine: Berkshire Hathaway, Inc. Spend each day trying to be a little wiser than you were when you woke up. Di...
In his lifetime he’s tested his methods in the arenas of business and investing, and his net worth of $1.7 billion testifies to the effectiveness of his approach. Today I’m going to give you a taste of the katana-sharp mind of Charlie Munger, and if your interest is piqued, I’ll...