Tag Archive

According to the lastest Q4 2021 13F for Daily Journal Corp, Charles Munger has increased his position in Alibaba Group Holding (NYSE: BABA) by 99%. Munger purchased the shares at an estimated average price of $155. He now holds 602,060 shares, up 300,000 from the previous quarter. Alibaba now represents … Read More

In his recent interview on the Think with Pinker Podcast, Charles Munger explains how he and Warren Buffett use patterns of noise to find hunting grounds for value. Here’s an excerpt from the interview: What happens in the investment world is quite interesting. If you look at the noise of … Read More

In the book – Poor Charlie’s Almanack, Charles Munger discusses overriding your subconscious by using two-track analysis. Here’s an excerpt from the book: Personally, I’ve gotten so that I now use a kind of two-track analysis. First, what are the factors that really govern the interests involved, rationally considered? And … Read More

In the book – Seeking Wisdom: From Darwin to Munger, Charles Munger discusses the point that we should pay more attention to our failures. Here’s an excerpt from the book: It is assumed by many business school graduates, and by almost all consultants, that a corporation can easily improve its outcome … Read More

In his latest interview with CNN, Charles Munger discusses the Democrats’ plan to tax stock buybacks, which he says is ‘literally insane’, and why China handles booms better than America. Here’s an excerpt from the interview: Munger: China, recognizing the horrible troubles that come with letting booms get too big, … Read More

In the 1994 Berkshire Hathaway Shareholder Meeting, Charles Munger discussed the idea of keeping your thinking simple. Here’s an excerpt from the meeting: WARREN BUFFETT: Some businesses are a lot easier to understand than others. And Charlie and I don’t like difficult problems. I mean, we — if something is … Read More

In Tren Griffin’s Book – Charlie Munger: The Complete Investor, there’s a great quote by Munger on knowing the limits of your knowledge. Here’s an excerpt from the book: Confucius said that real knowledge is knowing the extent of one’s ignorance. Aristotle and Socrates said the same thing. Is it a … Read More

In Tren Griffin’s Book – Charlie Munger: The Complete Investor, there’s a great quote by Munger on betting heavily when an opportunity presents in investing. Here’s an excerpt from the book: “Experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act … 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 this Berkshire Hathaway Annual Meeting, Charles Munger explains why the investment world is full of people who are succeeding based on quite different sorts of talent. Here’s an excerpt from the conversation: Munger: When multiple factors are causing success you get these anomalies. You could have two people who … Read More

Earlier this year at The Redlands Forum, Charles Munger discussed examples of how to invert your thinking. H/T to 10-K Diver for highlighting the video. Here’s an excerpt from the forum: Munger: There are all kinds of tricks that I just got into by accident in life. One I invert … Read More

Earlier this year during the Daily Journal Annual Meeting, Charles Munger explained why the Chinese economy will continue to dominate the U.S economy. Here’s an excerpt from the meeting: I think the Chinese have behaved very very shrewdly in managing their economy, and they’ve gotten better results than we have … 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

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

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

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