RIP Charlie Munger
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RIP Charlie Munger (by Ray-N-Pa [PA]) Nov 29, 2023 12:56 PM
       RIP Charlie Munger (by Jim [OH]) Nov 29, 2023 3:31 PM
       RIP Charlie Munger (by plenty [MO]) Nov 29, 2023 3:37 PM
       RIP Charlie Munger (by Tarheel T [NC]) Nov 29, 2023 7:11 PM
       RIP Charlie Munger (by 6x6 [TN]) Nov 29, 2023 7:33 PM
       RIP Charlie Munger (by DJ [VA]) Nov 29, 2023 8:44 PM
       RIP Charlie Munger (by David [MO]) Nov 29, 2023 11:44 PM
       RIP Charlie Munger (by Dave [CA]) Nov 30, 2023 5:02 AM
       RIP Charlie Munger (by Dave [CA]) Nov 30, 2023 5:02 AM
       RIP Charlie Munger (by GKARL [PA]) Nov 30, 2023 3:15 PM
       RIP Charlie Munger (by Colleen [MD]) Dec 4, 2023 6:41 PM


RIP Charlie Munger (by Ray-N-Pa [PA]) Posted on: Nov 29, 2023 12:56 PM
Message:

Charlie was Warren Buffet right hand man for about five decades. That is something that would absolutely stick out on a resume.

Here are some of Charlie's most memorable musings:

On investing in tech:

“We were not ideally located to be high-tech wizards. How many people of our age quickly mastered Google? I’ve been to Google headquarters. It looked to me like a kindergarten.” - Berkshire Hathaway meeting, 2018

On algorithmic trading:

“We have computers with algorithms trading against other computers. We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.” - Berkshire Hathaway 2022 meeting

On learning:

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.” - 2007 USC Law School Commencement Address

On sitting tight:

“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your a**: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” - Worldly Wisdom by Charlie Munger 1995 - 1998

On marriage:

“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.” - 1997 Berkshire Hathaway Annual Meeting

On the government deficit:

“A man who jumps out of a building is OK until he hits the ground.” - 2023 Berkshire Hathaway annual meeting

On mastering our emotions:

“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.” - Kiplinger interview, 2005

On problem solving:

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.” - Poor Charlie’s Almanack

On passion:

“You’ll do better if you have passion for something in which you have aptitude. If Warren Buffett had gone into ballet, no one would have heard of him.” – Berkshire Hathaway annual meeting, 2008

On mismanagement:

“Invest in a business any fool can run, because someday a fool will. If it won’t stand a little mismanagement, it’s not much of a business.” - Poor Charlie’s Almanack

On inflation:

“If I can be optimistic when I’m nearly dead, surely the rest of you can handle a little inflation” – 2010 annual Berkshire Hathaway meeting.

On success:

“It’s so simple. You spend less than you earn. Invest shrewdly, and avoid toxic people and toxic activities, and try and keep learning all your life, etcetera etcetera. And do a lot of deferred gratification because you prefer life that way. And if you do all those things you are almost certain to succeed. And if you don’t, you’re gonna need a lot of luck.” - Poor Charlie’s Almanack

On old age:

“The best armor of old age is a well spent life preceding it.” – Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway’s Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clarkhis

--24.101.xxx.xxx




RIP Charlie Munger (by Jim [OH]) Posted on: Nov 29, 2023 3:31 PM
Message:

Ray, this is probably one of your better posts. --184.57.xxx.xx




RIP Charlie Munger (by plenty [MO]) Posted on: Nov 29, 2023 3:37 PM
Message:

Following. --172.59.xxx.xxx




RIP Charlie Munger (by Tarheel T [NC]) Posted on: Nov 29, 2023 7:11 PM
Message:

I have nothing to add. --24.177.xxx.xxx




RIP Charlie Munger (by 6x6 [TN]) Posted on: Nov 29, 2023 7:33 PM
Message:

I like it. --73.190.xxx.xxx




RIP Charlie Munger (by DJ [VA]) Posted on: Nov 29, 2023 8:44 PM
Message:

Good thoughts.

Thanks --68.229.xxx.xxx




RIP Charlie Munger (by David [MO]) Posted on: Nov 29, 2023 11:44 PM
Message:

Good post, Ray. --199.200.xx.xxx




RIP Charlie Munger (by Dave [CA]) Posted on: Nov 30, 2023 5:02 AM
Message:

Charlie and Warren

Both Clearly two of the icons in their field

With grace and humility --172.250.x.xx




RIP Charlie Munger (by Dave [CA]) Posted on: Nov 30, 2023 5:02 AM
Message:

Charlie and Warren

Both Clearly two of the icons in their field

With grace and humility --172.250.x.xx




RIP Charlie Munger (by GKARL [PA]) Posted on: Nov 30, 2023 3:15 PM
Message:

Thanks for sharing Ray --172.58.xxx.xxx




RIP Charlie Munger (by Colleen [MD]) Posted on: Dec 4, 2023 6:41 PM
Message:

Thanks Ray. Love it! --104.28.xx.xxx





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