SHOCKING: Charlie munger | Mind Blowing Facts

Late Billionaire Charlie Munger Told Value Investors to ‘Get Used To Making Less’ Because They All Want ‘A Diminished Bunch Of Opportunities’ but Warren Buffett Disagrees

Growth has beaten value by roughly 24 points since that meeting. Berkshire's own shares trailed both, which complicates the scoreboard for the man who disagreed.

Barchart · Oct 6

Michael Saylor Told Founders That 4 to 10 Years Is ‘Very Very Normal’ but Past 10, ‘You’re Probably Not Cut Out for the Business’

The rule only counts founders who were still in business at year ten, which is the survivorship problem sitting underneath every timetable like it.

Barchart · Oct 6

Charlie Munger backed Costco for decades and was its second-largest shareholder; Berkshire sold 4.3 million shares for $1.3 billion in 2020 - here’s what the stake would be worth now

Charlie Munger was a longtime Costco supporter and became the retailer’s second-largest shareholder. Berkshire Hathaway later sold 4.3 million Costco shares for about $1.3 billion in 2020. Five years later, those shares would have been worth around $3.66 billion, highlighting Costco’s remarkable stock performance.

The Economic Times · Oct 1

‘Even Though It’s Bad for Berkshire’ Billionaire Charlie Munger Said to Skip Insurance Because ‘You’re Paying for the Other Fellow’s Frauds’

The advice came with a condition: insure anything you could not comfortably afford to replace out of your own pocket.

Barchart · Sep 20

From a failing textile mill to a trillion-dollar giant: The Warren Buffett story

Warren Buffett has ended his formal leadership of Berkshire Hathaway after more than six decades, becoming chairman emeritus at 96. His son Howard Buffett takes over as chairman, while Greg Abel remains CEO. Buffett leaves behind a company he transformed from a struggling textile mill into a conglomerate worth more…

The Economic Times · Sep 18

Quote of the day by Charlie Munger: “My advice would be, if you have a fixable disadvantage, remove it. If it's unfixable...” — What can we fix, accept and endure? Timeless life lessons on struggle, acceptance, resilience, endurance, growth, control and being pragmatic

Quote of the day by Charlie Munger is about knowing which problems in life can be fixed and which must simply be accepted. His words fit the moments when we face failure, make mistakes, question ourselves or struggle with things beyond our control. The article looks at what his advice…

The Economic Times · Sep 17

Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — ‘All Intelligent People Do It My Way’

Charlie Munger explained why he self-insured against some risks after becoming wealthy, saying people should insure against losses they can’t afford and keep manageable risks themselves.

Barchart · Sep 15

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 · Sep 4

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 · Sep 2

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 · Aug 31