Charlie Munger

In a 1998 Berkshire Hathaway shareholder meeting, renowned investor, Charlie Munger, unveiled his three-step strategy for wealth accumulation starting from scratch. What Happened: Munger discussed the challenge of building wealth from ground zero. He underscored that rationality,...

Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) CEO Warren Buffett and his former vice Chairman Charlie Munger passed on investing in Tesla Inc (NASDAQ:TSLA) stock over the years. That hasn't stopped the two legendary investors from praising Tesla CEO Elon Musk. In an April 2022 interview, Buffett...

The late Berkshire Hathaway vice chairman once saw Social Security as a pillar of American dignity and argued against policy shifts that would hurt retirees. What Happened: In a 2011 discussion at the University of Michigan's Ross School of Business, legendary investor Charlie Munger called Social...

It's that time of the year. The pomp and circumstance of Independence Day are behind us. The smell of something else is in the air. It's the prediction factory kicking into high gear. The second half of the year is upon us, and the soothsayers, wizards, prognosticators, and Instant Experts of the...

Legendary investor Warren Buffett has been fascinated with the stock market from a young age, which could be one of the reasons why he's so good at outperforming the market and other investors. What Happened: The Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) CEO bought three...

Legendary investor Warren Buffett has been fascinated with the stock market from a young age, which could be one of the reasons why he's so good at outperforming the market and other investors. What Happened: The Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) CEO bought three...

In 2017, the vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, Charlie Munger, visited the Ross School of Business at the University of Michigan. He was interviewed by Dean Scott DeRue, sharing insights into his and the company's phenomenal success. His key message...

Charlie Munger once warned that "smart men go broke three ways: liquor, ladies and leverage." Venture capitalist Chamath Palihapitiya admits that the leverage he piled on during the pandemic bull run "almost broke" him. What Happened: Palihapitiya posted the admission on X while quoting the late...

Renowned billionaire investor Charlie Munger once shared his six rules for a happy life. What Happened: Munger, despite facing significant personal and financial challenges early in his life, managed to transform his circumstances and achieve extraordinary success. His six rules for a...

At Berkshire Hathaway's (NYSE:BRK) (NYSE:BRK) 2023 annual meeting, CEO Warren Buffett shared a rare insight into why See's Candies, a beloved West Coast confectioner owned by the conglomerate since 1972, hasn't expanded successfully beyond its core markets. What Happened: "We have this wonderful...

Veteran commodities trader Peter Brandt says that the math behind successful speculation is brutally lopsided, as he teams up with another legendary trader to make his case against broad diversification. What Happened: On Monday, Brandt highlighted the “Pareto Principle” of trading and...

The S&P 500 index has yielded a 220% return in the last 10 years. Peter Mallouk, the CEO of Creative Planning Inc., highlights this data and recalls veteran investor Charlie Munger‘s insights on the power of compounding and being patient through uncertainty. What Happened: According to...

Charlie Munger, the late Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) vice chair, once mentioned that smart stock traders imitate baseball sluggers who "wait for one that they can really handle" instead of hacking at every offering. What Happened: Munger told CNBC in a birthday-tribute interview in...

Berkshire Hathaway CEO Warren Buffett and former vice chairman Charlie Munger's distaste for fancy degrees and business schools is well known. At the 2012 Annual Meeting, a Master of Business Administration student asked them what they considered the right way to train business leaders. What...

Speaking at the Daily Journal Annual Meeting in 2019, Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc and Warren Buffett's longtime partner, stated in clear terms why their investment track record outperformed the rest. During his remarks, in his trademark humorous manner, he took...