Charles Munger: The Investing World Is Just A Morass Of Wrong Incentives, Crazy Reporting, And A Fair Amount Of Delusion

Johnny HopkinsCharles Munger Comments

During Saturday’s annual Berkshire Hathaway pilgrimage, Warren Buffett and Charlie Munger once again challenged the value of hedge funds and their managers. During the meeting Buffett said, “The huge money [in hedge funds] is in selling people the idea that you can do something magical for them”. Munger added, “The investing world is just a morass of wrong incentives, crazy reporting … Read More

Warren Buffett – How Charlie Convinced Me To Break My Cigar-Butt Investing Habit

Johnny HopkinsCharles Munger, Warren Buffett Comments

(Image Source, Huffington Post,, [Accessed 9 Feb, 2017]) One of our favorite investors at The Acquirer’s Multiple is of course Warren Buffett. As a value investor, one of the most important free investing resources is Buffett’s Berkshire Hathaway shareholder letters. Each contains hidden gems of value investing wisdom. One of my favorite gems is in the 2014 shareholder letter in which Buffett explains … Read More

Ken Shubin Stein – Follow Munger’s 3 Ways To Find Good Opportunities

Johnny HopkinsCharles Munger, Ken Shubin Stein Comments

One of our favorite investors at The Acquirer’s Multiple is Ken Shubin Stein. Ken Shubin Stein is the Founder and Portfolio Manager of Spencer Capital Management and the Chairman of Spencer Capital Holdings. Spencer Capital is a value-oriented investment management firm with a successful long-term track record investing in undervalued securities and special situations. He is also an Adjunct Professor … Read More

Charlie Munger | Wall Street’s Locker Room Culture Does Enormous Damage

Johnny HopkinsCharles Munger Comments

Charlie Munger is clearly one of the smartest investors on the planet. One of my favorite Munger interviews was one he did with the BBC (below). My favorite Munger quote from this interview is: “If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to be a common shareholder and … Read More

(New Link) – Still The Best Article Ever Written on Stock Picking – Charles Munger

Johnny HopkinsCharles Munger Comments

First of all, my apologies! Last week I  published an article called, Still The Best Article Ever Written on Stock Picking by Charles Munger. Then, for some incomprehensible reason I decided to move the article. Don’t ask me why! Anyway, this lead to dozens of emails from people asking me for the link so, I decided to republish the article instead here. … Read More

What’s most often forgotten about one of the greatest Superinvestors – Charles Munger

Johnny HopkinsCharles Munger, Research, Resources Comments

(Image Credit, If you’re a value investing nut like me you’ll have read everything you can on Charles Munger, Warren Buffett, Rick Guerin, Tom Knapp, Ed Anderson, Stan Perlmeter, Bill Ruane and Walter Schloss. The so called “Superinvestors of Graham & Doddsville”. But, we often forget that these investing megastars had ordinary lives before they became super-investors. A long time ago I … Read More