Another way to avoid mistakes is to have someone who you can run your decision by so you can improve your odds of success. Buffett and Munger have the ability to do that for each other. Warren Buffett calls Charlie “The Abominable No-Man” since his answer on a given investment is so ...
Warren Buffett is the Forrest Gump of investing. His life seems to cross paths with every notable investor and operator. Think about it: His partner, Charlie Munger, was a genius that grew up in the same sleepy midwestern town as Buffett. He became the star pupil of the BenGraham– the ...
Munger is an investor, businessman, and former real estate attorney. He is the vice-chairman of Berkshire Hathaway, the multinational conglomerate controlled by Warren Buffett. He was chairman of Wesco Financial Corporation from 1984 to 2011. He is also chairman of the Daily Journal Corporation ...
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.
With Berkshire’s vast holdings in railroads, real estate, utilities, insurance and other industries, Mr. Buffett and Mr. Munger may have more and better data on U.S. economic activity than anyone else, with the possible exception of the Federal Reserve. But Mr. Munger wouldn’t even hazard...
In the chronicles of American financial history Charlie Munger will be seen as the proverbial enigma wrapped in a paradox—he is both a mystery and a contradiction at the same time. Warren Buffett said, “Charlie’s most important architectural feat was the design of today’s Berkshire. The ...
Even before meeting Warren Buffett, Munger was wealthy according to most standards from real estate investing. Here is a quote from a Buffett interview in the book: Charlie, as a very young lawyer, was probably getting $20 an hour. He thought to himself, ‘Who’s my most valuable client?
Charlie Munger is now 98 years old and still answering questions at the 2022 Daily Journal Annual Shareholder Meeting. Yahoo Finance livestreamed the event again, and you can view the full two-hour recording onYouTube(embedded below, starts at 24:47). You’ll miss out on his snar...
11. Bias from Deprival Super Reaction Syndrome, including bias caused by present or threatened scarcity, including threatened removal of something almost possessed but never possessed. Here I took the Munger dog, lovely harmless dog. The one way, the only way to get that dog to bite you was ...
After entering Harvard Law School—without an undergraduate degree—he graduated magna cum laude with a J.D. in 1948. As a real estate attorney in those early years, he foundedMunger, Tolles & Olson, a renowned California law firm.2 Transition From Law to Finance After meeting at a dinner ...