Category Archive

During his fireside chat with Todd Combs, Charles Munger explained why there’s nothing mysterious about great investing. Here’s an excerpt from the conversation: Munger: You’ve got to remember that Warren made a lot of money running his Geiger counter over the ’30s. He’d find something selling for 1/4 of the … Read More

During the 2001 Berkshire Hathaway Annual Meeting, Charles Munger discussed one mistake of omission that cost him $200 Million. Here’s an excerpt from the meeting: CHARLIE MUNGER: I don’t like mentioning the specific companies, because the — you know, we may, in due course, want to buy them again and … Read More

During his recent DJCO Annual Meeting, Charles Munger explained why he hasn’t shorted anything in over 30 years. Here’s an excerpt from the meeting: Charles Munger No, I don’t short. I have made 3 short sales in my entire life, and they’re all more than 30 years ago. And one … Read More

During his most recent Daily Journal Meeting, Charles Munger discussed why you should invest 200% of your net worth in a stock if the opportunity is great enough. Here’s an excerpt from the meeting: Well yes it’s true. I operated with no leverage for long stretches of my old age … Read More

During the 2018 Daily Journal Annual Meeting, Charles Munger was asked about the talent of Li Lu. Here’s an excerpt from the meeting: Munger: The second question was Li Lu. What was unusual about Li Lu. Li Lu is one of the most successful investors. Imagine him, he just popped … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During his recent interview with CNBC, Charles Munger discusses how investing firms have had their reputations destroyed by crypto. Here’s an excerpt from the interview: Munger: It pains me that in my own country, I see people who were once regarded as very reputable people, helping these things exist, promoting … Read More

During the 2003 Berkshire Annual Meeting, Charles Munger discussed a good business, but not a fabulous business, tends to fall into two categories. Here’s an excerpt from the meeting: CHARLIE MUNGER: If you take a business that is a good business, but not a fabulous business, they tend to fall … Read More

During the 2010 Berkshire Annual Meeting, Charles Munger quoted Otto von Bismarck on the two things you shouldn’t watch – sausage making and legislation making. Here’s an excerpt from the meeting: WARREN BUFFETT: Everybody should read chapter 12. It’s a little — it starts a little slow in the first … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During the 2011 Berkshire Hathaway Annual Meeting, Charlie Munger explained why he would take an axe to the financial sector. Here’s an excerpt from the meeting: CHARLIE MUNGER: Yeah, the one place that I feel we’re making a huge mistake is not learning enough from the big mess that came … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During his recent interview with AFR following his personal investment in Australian company Stonehouse Corporation, Charles Munger explains why inflation, like the weather, should be largely ignored. Here’s an excerpt from the interview: The business partner of Berkshire Hathaway chairman Warren Buffett, Munger’s investment philosophy is to look beyond the … Read More

In the latest Berkshire Hathaway Annual Meeting, Charles Munger discusses how stocks are being traded on a casino basis. Here’s an excerpt from the meeting: Munger: Well it happened, it’s almost a mania of speculation that we now have. We have computers with algorithms trading against other computers. We’ve got … Read More