Many of his observations were collected in a book, "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. To fans, Munger was as much the world-weary psychiatrist as a famed investor. Munger reserved many of his public comments for annual meetings of Berkshire his investment vehicle Wesco Financial Corp, which Berkshire bought out in 2011 and Daily Journal Corp, a publishing company he chaired for 45 years. He expanded my horizons." ORACLE OF PASADENAįans dubbed Buffett the "Oracle of Omaha," but Munger was held in equal esteem by his own followers, who branded him the "Oracle of Pasadena" after his adopted hometown in California. "Charlie shoved me in the direction of not just buying bargains, as Ben Graham had taught me," Buffett has said. Yet Buffett has credited Munger with pushing him to focus at Berkshire on buying wonderful companies at fair prices, rather than fair companies at wonderful prices. Like Buffett, Munger was a fan of the famed economist Benjamin Graham. "I think the best road ahead to human happiness is to expect less." ![]() "I'm slightly less optimistic than Warren is," Munger said at the 2023 annual meeting, prompting laughter after Buffett expressed his familiar optimism for America's future. More often, he did, prompting applause, laughter or both. ![]() ![]() Indeed, when Munger and Buffett would field shareholder questions for five hours at Berkshire's annual meetings, Munger routinely deadpanned after Buffett finished an answer: "I have nothing to add."
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |