Their reticence stems in part from lurking risks in banks’ vast portfolios of commercial property loans. “A lot of real estate isn’t so good any more,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. ...
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 ...
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 ...
Gain a complete understanding of “Charlie Munger” by Tren Griffin from Blinkist. The “Charlie Munger” book summary will give you access to a synopsis of key ideas, a short story, and an audio summary.
Charlie Munger: Well, you’d have to have some kind of a rule that just made stocks way less liquid. We have all the real estate we want, all those shopping centers and auto agencies and so forth without having a perfect liquid market. We would have a stock market that was way less...
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 ...
Charles T. 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 ...
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...
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 ...
Usha Vance, 38, most recently worked as a litigator at law firm Munger, Tolles & Olson but left after her husband's selection as Trump's vice presidential pick was announced. JD Vance's wife Usha introduces him at RNC Share This is a modal window. This video is either un...