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MYSTERIOUS: Charlie munger - What They Never Told You

Quote of the day by Charlie Munger: "If I had to name one factor that dominates human bad decisions, it would be what I call denial"

Charlie Munger believed denial is a major cause of poor decisions, especially when people ignore uncomfortable facts. For investors, accepting mistakes, reassessing assumptions and changing course when fundamentals deteriorate can prevent manageable losses from becoming significantly larger financial setbacks.

The Economic Times

Quote of the day by Charlie Munger: “You look at Carnegie and Franklin. They had only a few...” — Inspiring life lessons from a timeless quote on curiosity, self-improvement, critical thinking, personal growth, and what the late Berkshire Hathaway vice chairman known for disciplined reasoning and lifelong learning understood about teaching yourself what matters

Quote of the day by Charlie Munger: “You look at Carnegie and Franklin...” and see how much of their knowledge came from teaching themselves through reading. The idea reaches beyond books, touching the way people handle work, uncertainty, mistakes and important decisions when no one else can provide the answer.…

The Economic Times

Billionaire Charlie Munger Said He Owned Just 3 Stocks — Berkshire, Costco, and Li Lu’s Fund — ‘So Am I Comfortable? Am I Securely Rich? You’re Damn Right I Am.’

Billionaire Charlie Munger owned just three major investments and called diversification a rule for “know-nothing investors.” His strategy centered on deep knowledge, conviction and concentrated bets.

Barchart

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‘Who in the Hell Needs a Rolex?’ Billionaire Charlie Munger Told Young People to Skip ‘Pretentious’ Spending of Rich—‘I Don’t Think There’s Much Happiness’

Billionaire Charlie Munger urged young people to skip the rich’s flashy status symbols, arguing that spending thousands on a Rolex brings little happiness and could be better put to work investing.

Barchart

AI productivity tools are overhyped and overfunded. Investors should look elsewhere

Over 50 years ago, Charlie Munger convinced his best friend Warren Buffett to ditch the proverbial cheap cigar butts for durable, high-quality businesses.

Fortune

Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI's Sam Altman once said he 'doesn't care' what others think

As Joshua Kushner and Bob Iger close in on a record $12.5 billion Lakers deal, OpenAI CEO Sam Altman once said Kushner makes 'high-conviction bets'.

Fortune

Quote of the Day by Charlie Munger: “Nothing has served me better in my long life than...” — Why daily curiosity creates a compound life advantage? Timeless life lessons from an inspiring quote by Warren Buffett’s longtime business partner on continuous learning, wisdom, self-growth, discipline, success, and lifelong learning

Quote of the Day by Charlie Munger: Munger's famous quote, “Nothing has served me better in my long life than continuous learning.” The sentence is simple, but the idea behind it is much larger. He was not talking only about collecting degrees, reading financial reports or becoming an expert at…

The Economic Times

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How Leveraged ETFs Turned South Korea’s Stock Market Into a Casino and Why the U.S. Might Be Next

South Korea’s benchmark KOSPI index cratered 44% from its June peak — a collapse worse than the 2020 pandemic crash — before staging a record-breaking 18% single-day rebound on Friday.

Barchart

Top quote of the day by Warren Buffett, Charlie Munger and Bill Gates: What do the world's greatest minds know about success? Timeless life lessons on leadership, wealth, discipline, character, smarter decision-making, long-term success, and why their strategic wisdom still inspires personal growth and better choices today

Today’s Top quote of the day by Warren Buffett, Charlie Munger, and Bill Gates cuts straight to the real secret of success: extreme focus, emotional discipline, and long-term thinking. Skip the daily noise. Master these timeless habits to sharpen your decisions, build genuine wealth, and achieve real personal growth starting…

The Economic Times

Quote of the day by Charlie Munger: “The single most important thing is knowing where...” — Inspiring life lessons on self-awareness, humility, wisdom, lifelong learning, and why understanding your limits can become your greatest advantage from the legendary investor and Berkshire Hathaway vice chairman

Today's Quote of the Day by Charlie Munger: Charlie Munger’s quote, "The single most important thing, if you want to avoid a lot of stupid errors, is knowing where you’re competent and where you aren’t," emphasizes the critical concept of the "Circle of Competence." At its core, the quote means…

The Economic Times

Billionaire Charlie Munger Said Your First $100K Is the Key to Getting Rich — ‘I Don’t Care What You Have to Do. Find a Way.’ Then You Can Ease Off the Gas a Little.

Charlie Munger said the first $100,000 is the hardest step to getting rich. Here’s why building wealth gets easier after that and how his advice applies today.

Barchart

Why Warren Buffett and Charlie Munger don't like EBITDA as an earnings metric

As Q1 earnings dominate investor focus, Warren Buffett and Charlie Munger's criticism of EBITDA is back in the spotlight. Buffett called it a tool to mislead investors, while Munger famously dubbed it "bullshit earnings", arguing that ignoring depreciation and other real costs distorts a company's true financial health.

The Economic Times

I've interviewed 700 leaders. The ones outsourcing their thinking to AI lose their best people first

There's an old warning about AI for leaders, from the story Charlie Munger used to tell about Max Planck: "I'll ask my chauffeur to reply."

Fortune

Charlie Munger psychology lessons: 5 hidden mind traps that change how you make life decisions

Charlie Munger psychology lessons reveal how human behavior, decision-making, and mental models shape life outcomes. His timeless wisdom on success, emotions, incentives, and mistakes helps people understand hidden patterns behind choices. These powerful life lessons from Charlie Munger offer practical insights into better thinking, personal growth, and smarter decisions in…

The Economic Times

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The Economic Times

Quote of the Day by Legendary Investor Charlie Munger: "The wise ones bet heavily when the world offers them that opportunity. They bet big when..." — Learn extraordinary success lessons on patience, intelligent risk, and lasting wealth by Warren Buffett's long-time business partner

Quote of the Day by Charlie Munger reminds us that lasting success is rarely built on constant action. Instead, it grows from patience, preparation, and the courage to act only when the odds are truly in your favor. His timeless words speak to investors, entrepreneurs, students, and anyone making difficult…

The Economic Times

Wealth lesson by Charlie Munger: 'The big money is not in the buying or selling, but in the waiting' The timeless wealth lesson from Warren Buffett's legendary partner 'Oracle of Pasadena'

Legendary investor Charlie Munger emphasized that substantial wealth isn't found in frequent trading, but in patient waiting. His advice highlights the power of long-term investing, allowing quality assets to compound over time. This disciplined approach, rather than market timing, is crucial for significant financial growth. Munger's wisdom underscores that true…

Fortune

Stripe cofounder says Gen Z will need two college majors to compete thanks to AI—and investing legend Charlie Munger called it first

Stripe cofounder John Collison believes going to school and doubling up on disciplines with two majors is key to standing out in the AI era.

The Economic Times

These 5 Charlie Munger psychology lessons show why mindset matters more than intelligence, talent, or luck — lessons from Warren Buffett’s most trusted partner

The Charlie Munger psychology lessons continue to inspire people seeking smarter decisions and lasting success. Rather than relying on intelligence, talent, or luck, Munger believed mindset and mental discipline shape better outcomes. His five timeless psychology lessons reveal why emotions, incentives, habits, and clear thinking shape better decisions. Backed by…

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The Economic Times

Quote of the day by Charlie Munger: "I figure that I want to swim as well as I can against the tides. I’m not trying to predict the tides"

Charlie Munger’s quote on swimming against market “tides” highlights his belief that investors should not try to predict markets but instead focus on improving judgement and discipline. His philosophy emphasises long-term thinking, strong fundamentals and emotional control, reinforcing that successful investing is built on preparation rather than prediction.

The Economic Times

Did you know the key to building wealth is saying 'no'? Here are the 5 things rich people refuse to do, according to Charlie Munger’s wealth rule

Charlie Munger, Berkshire Hathaway's vice-chairman, identified five key areas where people seeking wealth often falter. He emphasized saying no to complexity over clarity, compromised ethics, broken systems and bad partners, speculation and gambling, and isolated facts without a thinking framework. Munger believed discipline and restraint were crucial for building lasting…

The Economic Times

Wealth Wisdom of the day: ‘Big money is not in buying and selling. But in…’ – What you can learn from Charlie Munger’s advice

Warren Buffett's business partner and the longtime Vice Chairman of Berkshire Hathaway - Munger – passed away in November 2023, but his astute words continue to reverberate with the investing community. Munger had often spoken about patience when it comes to real wealth creation.

Barchart

Billionaire Charlie Munger Was Asked Why Warren Buffett Is ‘So Much Richer’ Despite Being Partners — ‘Why Was Albert Einstein Poorer Than I Was?’

Charlie Munger’s famous reply to why Warren Buffett became much richer reveals a timeless investing lesson: Wealth isn’t an IQ contest, it’s a compounding contest.

Kiplinger

My First $1 Million: Public Affairs Director and Farmer, 53, the Midwest

"I feel like I got a lot better at investing when I started listening to Warren Buffett and Charlie Munger."

The Economic Times

How Charlie Munger’s behavioral lessons apply to today’s market reality

Global markets face AI optimism and inflation anxiety. Charlie Munger's insights on human misjudgment offer a survival guide. Higher interest rates, concentrated mega-cap liquidity, and retail participation drive current trends. Investors must manage emotional distortions like envy and FOMO. The Lollapalooza effect amplifies biases. Overconfidence from past gains is risky.…

Barchart

Berkshire Hathaway Buys Macy’s After 60 Years Away From Department Stores. M Stock Offers Real Estate, Dividends, and an Interesting Twist.

Berkshire Hathaway’s unexpected return to the department store sector with a new stake in Macy’s suggests it may see overlooked value in the retailer.

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