In this interview with HBO and the Kunhardt Film Foundation, Charlie Munger discusses the power of extended confucianism. Here’s an excerpt from the interview: Well he [Warren] came out of a private partnership where people he knew were trusting him a lot when he was obscure and he had his … Read More
Charlie Munger: When You Make A Mistake, Act Quickly To Get Out
In their recent interview with CNBC, Charles Munger and Warren Buffett discussed what to do when you know that you’ve made a mistake. Here’s an excerpt from the interview: BUFFETT: Now, if the department store had succeeded, we’d have a nice little business then. Send us a nice little check, … Read More
Charlie Munger: Easy Money Is With Crooks And Fools
In their latest interview with CNBC, Warren Buffett and Charlie Munger discussed a number of topics including the deal between Credit Suisse and Archegos Capital Management. Here’s an excerpt from the interview: QUICK: We asked Munger and Buffett their thoughts on some of the latest headlines in the business world, … Read More
Charles Munger: Why Warren Buffett Is Selling Wells Fargo And I’m Not
Earlier this year during the DJCO Annual Meeting, Charles Munger discussed the reasons why Warren Buffett was selling Wells Fargo stock, and he was not. Here’s an excerpt from the discussion: Julia La Roche [ Norman Bergman ], he asks, why is Berkshire Hathaway selling shares of Wells Fargo as … Read More
Charlie Munger: There’s Way Too Much Turnover In The Berkshire Portfolio
During the latest Berkshire Hathaway Annual Meeting, Charlie Munger joked that there’s way too much turnover in the Berkshire portfolio. Here’s an excerpt from the meeting: Host: Mr Buffett has espoused for decades the philosophy of buy and hold or hold forever was too short of a time period. Is … Read More
Buffett & Munger On The Evolution Of Value Investing
In Robert Hagstrom’s book – Warren Buffett: Inside the Ultimate Money Mind, there’s a great passage on the evolution of value investing, which includes thoughts from Warren Buffett and Charles Munger on why investors need to change their thinking on traditional value investing, as originally defined by Ben Graham. Here’s an … Read More
Charles Munger’s Top 10 Holdings (Q1 2021)
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
Charles Munger: The Main Secret Of The Berkshire Conglomerate
In this interview at the University of Michigan, Charles Munger explains why Berkshire is the world’s most successful conglomerate. Here’s an excerpt from the interview: That’s the main secret of Berkshire. The reason that Berkshire has been successful as a big conglomerate. More successful than any other big conglomerate. So … Read More
Charlie Munger: The Difficulty With Ordinary People Becoming Great Investors
In his recent 2021 Daily Journal Annual Meeting, Charlie Munger discussed his thoughts on ordinary people becoming great investors. Here’s an excerpt from the meeting: Question: I enjoyed your Caltech interview and wanted you to elaborate and provide more insights on your point of great investors and great chess players. … Read More
Charlie Munger: DJCO Meeting – Value Investing Will Never Go Out Of Favor
In his recent Daily Journal shareholder meeting, which may have been done on venues from venuefinderpro.com/venue-finding-agency/, Charles Munger discussed a number of topics including Robinhood, SPACs, Bitcoin, market speculation, interest rates, and why value investing will never go out of favor. Here’s an excerpt from the meeting: Munger: Well that … Read More
Charles Munger Top 10 Holdings (Q4 2020)
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
Charles Munger: 6 Traits Of Being A Great Investor
In his recent Caltech webinar, Charles Munger was asked, what are the traits of being a great investor? Here’s his response: Charlie: Obviously you have to know a lot. But partly it’s temperament. Partly it’s deferred gratification. You got to be willing to wait. Good investing requires a weird combination of patience and aggression … Read More
Charles Munger: Today’s High-Tech Companies Will Eventually Get Clobbered
On his recent Caltech Webinar, Charles Munger provided some great insights into the lifespan of today’s high-tech companies. His belief is that while these companies will enjoy success for a little time, eventually they will get clobbered. Here’s an excerpt from the webinar: Munger: Over the long term the companies … Read More
Charles Munger’s Top 10 Holdings (Q3 2020)
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
Charlie Munger: We Like Businesses That Stand A Lot Of Mismanagement But Don’t Get It
Earlier this year at the Redlands Forum Charlie Munger spoke about a number of topics including what makes a great business for investment. Here’s an excerpt from the interview: Q: I have a question. As you have acquired many companies, you and Warren together in your career, you’ve looked at … Read More
Charles Munger: Top 10 Holdings (Q2 2020)
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
Charles Munger: Successful Investing Using Organized Uncommon Sense
In a recent interview titled – Inner Conversations with the Titans, Charlie Munger, Stewart Resnick, and Dick Ridordan sat down with Dr Sabrina Kay to discuss life, wealth, and the future. During the interview Munger was asked how he makes successful investment decisions. Here’s an excerpt from the interview: Q. … Read More
Charles Munger: Top 10 Holdings (Q1 2020)
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
Charles Munger: Classical Moats Are Rapidly Disappearing
During the recent Daily Journal annual meeting (2/12/2020), Charles Munger was asked about the impact that technology is having on traditional moats. Here’s the question and his response: Question: I have a question for you related to technology. There is this common sentiment that technology is both accelerating the pace … Read More
Charles Munger: Daily Journal Annual Meeting 2020: Fish Where The Fish Are, And That’s Not The U.S!
This week Charles Munger spoke at the Daily Journal Annual Meeting 2020. During the meeting Munger was asked a question from our very own Bill Brewster, co-host on the VALUE: After Hours Podcast with Tobias Carlisle, and Jake Taylor. Here’s Bill’s question: (50:37) Bill Brewster: Mr Munger, Bill Brewster here … Read More