We have to have a special insight, or well put it in the too tough basket.If you are new to investing, you might have heard Charlie as Warren Buffetts right hand.Charlie Munger is an American investor, businessman, and self-made billionaire with a net worth of over 1.7 Billion (as of Feb 2019).He is the vice-chairman of Berkshire Hathaway, the conglomerate headed by Warren Buffett.
And like Buffett, Charlie Munger is also an active philanthropist and has donated millions of his personal wealth for good causes. During World War II, Charlie studied meteorology at Caltech to become an army meteorologist. Although they knew each other for a very long time, however, they built their informal partnership by investing together only in the 1970s. Later in the 1980s, both started the present structure of Berkshire Hathaway and have been running in profitably ever since by building wealth for themselves and their investors. Heres what Warren Buffett thinks of his business partner Charlie Munger. You know its just weve accomplished more but weve also had way more fun. Warren Buffett. The knowledge and success that he has gained in the past many decades is quite inspirational. Therefore, in this post, we are going to highlight twenty-one evergreen quotes by Charlie Munger that every investor should know. It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. If the facts dont hang together on a latticework of theory, you dont have them in a usable form. And youve got to array your experience both vicarious and direct on this latticework of models. You may have noticed students who just try to remember and pound back what is remembered. Youve got to hang experience on a latticework of models in your head. I didnt get to where I am by going after mediocre opportunities. The world is not yet a crazy enough place to reward a whole bunch of undeserving people. Quick Note: Looking for the best Demat and Trading account to start your investing journey Click here to open your account with the No 1 Stockbroker in India Zero Brokerage on Equity Delivery Long term investments in stocks and mutual funds, Paperless online account opening. Youd be amazed at how much Warren reads and at how much I read. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.
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