Category Archive

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 recent Berkshire Hathaway Annual Meeting, Charles Munger explained why some investors can’t tell their best ideas from their worst. Here’s an excerpt from the meeting: Munger: I think one of the inane things that’s taught in modern University education is it a vast diversification is absolutely mandatory investing … Read More

During his recent interview with FT, Charles Munger discussed a number of issues including the trouble with banking, commercial property loans, great returns are a thing of the past, why there’s a lot of agony out there. Here are some highlights from the interview: In Good Times You Get Into … 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 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