Hints and tips:
...Munger eventually set up his own investment partnership known as Wheeler, Munger & Company. The returns, like Buffett’s, were stellar....
...By 1978, Munger joined Buffett on the Berkshire board....
...He noted that Munger was “probably the only one that could tell Warren no and that he was doing something dumb”, adding that Munger had earned the “Abominable No-man” nickname Buffett gave him....
...With Munger’s encouragement he began investing instead in fairly priced but well-run businesses....
...Munger was quick witted, straight talking and a pioneer in blending investment and psychology. Eric and I were lucky enough to meet him earlier this year, at Munger’s home in Los Angeles....
...Read Eric and Harriet’s full piece here....
...Munger grew up in Omaha, Nebraska, a few hundred feet from where Buffett now lives. The two met in 1959, when Buffett was 28 and Munger 35....
...After arriving in LA the night before, Eric and I set off for Munger’s home in Greater Wilshire, a leafy neighbourhood....
...Buffett’s annual letter on Saturday laid out in no uncertain terms the challenges they will confront, my colleague Eric Platt in New York reports....
...Munger last month told the Financial Times that investors should reduce their expectations for stock market returns as the Federal Reserve raises interest rates and the economy slows....
...Munger added the problems were not on the scale of the 2008 financial crisis....
...We need to see who the next generation is when Warren is 92 and Charlie [Munger, Berkshire’s long-term business partner] is 99.”...
...Munger did not respond to a request for comment....
...Charlie Munger, Buffett’s longtime right-hand man and the company’s vice-chair, added there was one reason Berkshire had outperformed other large conglomerates....
...Bad loans and astrologers: Charlie Munger tells all Charlie Munger has long been known as an outspoken critic of investment banks, private equity firms and the wider financial sector....
...The letter was a brief 10 pages, about half the length of his letters since 2000, and included almost a page of quotes from his longtime partner Charlie Munger....
...Munger declined to comment....
...Buffett and Berkshire vice chair Charlie Munger have over the past decade presided over a significant expansion in Berkshire’s cash holdings, which they believe is critical given the potential catastrophic...
...The Big Read The golden age for investing is over and investors need to contend with a period of lower returns, warned Charlie Munger, in a wide-ranging and thought-provoking interview with Eric Platt and...
...Read the full report from Eric here....
...But even the legendary investor is capable of making a bad bet, as the FT’s Eric Platt and Anna Nicolaou report.https://twitter.com/sindap/status/1586337173317373953 Munger, now 98, stepped down as chair...
...Berkshire Hathaway vice-chair Charlie Munger warned of a brewing storm in the US commercial property market, saying banks were “full” of “bad loans”....
...Munger, often more acerbic than his long- term business partner, quipped that he wished “we had 20 conflicts of interest just like it”....
...Buffett and Munger took questions for more than five hours and were joined in the morning by Berkshire vice-chairs Ajit Jain and Greg Abel, Buffett’s heir apparent....
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