Charles Munger
160 posts
Warren Buffett: Why Investors Should Ignore Wall Street ProjectionsAt the 2011 Berkshire Hathaway Annual Meeting, Warren Buffett and Charlie Munger reminded everyone why they’re value investing legends. In their signature no-nonsense style, the…
Charles Munger: 4 Reasons Investing Will Be Harder Over The Next 100 YearsThis interview by John Collison with Charles Munger was scheduled to air for a while, coinciding with Stripe Press’s launch of the reprint of Poor Charlie’s Almanack, which is l…
Charles Munger: Ben Graham’s Low-Hanging Fruit vs My Premium ApproachDuring one of his last interviews with Becky Quick, Charles Munger discussed the evolution of value investing. Ben Graham, a pioneer in value investing, taught that you could fi…
RIP Charles Munger: I Never Anticipated Getting To $100 Billion From Our Piddly StartDuring his recent interview with Becky Quick, Charles Munger explained how he never anticipated getting to $100 Billion from his piddly start with Warren Buffett. Here’s an exce…
Charles Munger: Berkshire’s Success: The Constructive Peculiarities of Buffett and the Berkshire SystemIn his Special Letter titled Vice Chairman’s Thoughts – Past and Future, Charles Munger discusses Berkshire’s success, emphasizing that while luck played a role, the heavy lifti…
Warren Buffett: How Long Is The Right Time To Wait For OpportunitiesDuring the 1998 Berkshire Hathaway Annual Meeting, Warren Buffett states that they haven’t found attractive investment opportunities in equities for a while. He also discusses h…
Warren Buffett: Avoiding Down Years Is Just A ‘Fluke’During the 2000 Berkshire Hathaway Annual Meeting, Warren Buffett explains why its been a fluke that his investments have consistently increased in underlying value without down…
Charles Munger: We Made A Fortune From ‘Pissant’ BusinessesDuring this recent interview with the Acquired Podcast, Charles Munger explains how he and Warren Buffett made a fortune in the early days from ‘pissant’ businesses. Here’s an e…
Charles Munger: Public Hangings and the Transformation of Corporate Behavior in Earnings ReportingIn the 2005 Wesco Financial Annual Meeting, Charles Munger discussed the obsession with companies meeting quarterly earnings targets, sometimes resorting to unethical practices …
Warren Buffett: “Wonderful Assets” In An Inflationary EnvironmentDuring the 2011 Berkshire Hathaway Annual Meeting, Warren Buffett explained why the best asset to hold in an inflationary environment is a high return on tangible capital busine…
Warren Buffett: The Investing World Really Has Changed: More Than People AppreciateDuring the 2017 Berkshire Hathaway Annual Meeting, Warren Buffett discussed how the investing world has changed from the days of Rockefeller and Carnegie. Here’s an excerpt from…
Warren Buffett: The Secrets To Our SuccessDuring the 2016 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the secrets to their success. Here’s an excerpt from the meeting: WARREN BUFFETT: But we — Charlie an…
Warren Buffett: “You Don’t Get Paid for Activity, You Only Get Paid for Being Right!”During the 1998 Berkshire Hathaway Annual Meeting, Warren Buffett explained why investors should focus on being patient and finding the right investment, rather than being activ…
Charles Munger: The Cost Cutting PhenomenonIn Charles Munger’s famous speech at USC Business School in 1994 entitled A Lesson on Elementary Worldly Wisdom, he discussed the cost cutting phenomenon. Here’s an excerpt from…
Charles Munger: Value Investing Will Never Go Out Of StyleDuring the 2021 Daily Journal Annual Meeting, Charles Munger explained why value investing will never go out of style. Here’s an excerpt from the meeting: Charlie Munger: Well, …
Warren Buffett: 15 Of My Favorite Charles Munger ThoughtsIn his 2022 Berkshire Hathaway Annual Letter, Warren Buffett provides fifteen thoughts from his long-time business partner Charles Munger. Here’s an excerpt from the letter: Not…
Charles Munger: Identifying Great Companies Is Easy, But How Much Do You Pay For Them?During the 2015 Daily Journal Annual Meeting, Charles Munger explains how identifying great companies is easy, but how much do you pay for them? Here’s an excerpt from the meeti…
Warren Buffett: We Can Tell In The First Sentence Whether An Investment Is Worth PursuingDuring the 1997 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the importance of understanding a business and whether it has a sustainable edge. He also points out …