Charlie Munger

Charlie Munger

Last Update: 01-10-2018

Number of Stocks: 4
Number of New Stocks: 0

Total Value: $173 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Charlie Munger past Portfolios

Charlie Munger 13F Filings

Portfolio DateNumber of StocksTotal Value (Mil)Number of New StocksQ/Q Turnover
2017-12-314$17300%
2017-09-304$15400%
2017-06-304$15200%
2017-03-314$15100%
2016-12-314$14600%
2016-09-304$11300%
2016-06-304$11200%
2016-03-314$11400%
2015-12-314$13200%
2015-09-304$12400%
2015-06-304$13500%
2015-03-314$12900%
2014-12-314$13500%
2014-09-304$13300%
2014-06-304$13000%
2014-03-314$12900%
2013-12-314$11900%

Charlie Munger 13D/G Filings

Filing date :

Charlie Munger Watch

  • What Charlie Munger Can't Understand

    Charlie Munger (Trades, Portfolio) is Warren Buffett (Trades, Portfolio)’s right-hand man and an extremely accomplished investor in his own right. His experience means that when it comes to investing, there’s not much Munger does not understand or have some insight into. However, there’s one topic he has expressed some lack of understanding of in the past.


    The following extract is taken from Charlie Munger (Trades, Portfolio)’s “A Lesson on Elementary Worldly Wisdom as It Relates to Investment Management & Business” from a lecture to the students of Professor Guilford Babcock at the University of Southern California Marshall School of Business as published in the Outstanding Investor Digest's May 5, 1995, Edition.

      


  • Bitcoin Prices Tumble 11% on South Korean Ban Fears

    Bitcoin's price was volatile Wednesday into Thursday, as South Korea announced a plan to sign a bill that would ban cryptocurrency trading in the country. All cryptocurrencies tumbled on the news, with Coindesk reporting an 11% drop in bitcoin value on the day.


    South Korea's government has cracked down on tax evasion, with the country's tax authorities and police raiding local bitcoin exchanges.

      


  • Some Thoughts on Combining the S&P 500 With Value Investing

    Index funds and value investing sit in two distinctly different investment groups.


    On one hand, you have value investing; the principle that stocks should only be acquired if they are trading below intrinsic value.

      


  • We Didn’t Start the Fire

    What should long-duration common stock owners like us do with the news of the horrific flood in Texas, the Category 5 hurricane in the Caribbean, the heightened tensions created by North Korea’s Dictator, Kim Jong-un, and the 8.1 magnitude earthquake in Southern Mexico? What is wise behavior in a more volatile stock market environment created by outside events?


    More than 30 years in the industry have taught us that outside events come and go, but patience matters. Just look at the similarities with Billy Joel’s 1989 hit “We Didn’t Start the Fire.”1 The song named 100 major people, political and economic events in the first 40 years of his life. As you can see, it is interesting how the same subjects continue to pop up in the 28 years since the song hit the top of the Billboard charts.

      


  • GuruFocus Value Conference 2018: Suggest a Speaker

    GuruFocus Value Conference 2018 will be held at the DoubleTree Hotel in downtown Omaha from the evening of May 3 to the afternoon of May 4, the Thursday and Friday before the annual Berkshire Hathaway meeting.


    We are reaching out to a group of excellent investors and fund managers to speak at the conference. If you have any suggestions for speakers, please let us know in the comment area of this article. If you think you are a good investor and good speaker, feel free to contact us.

      


  • Short-Term Noise and Long-Term Investing

    Under Armour Inc. (NYSE:UA) (NYSE:UAA) reported ugly results on Tuesday. Most notably, management cut 2017 guidance across the board, giving analysts another reason to doubt the company (there are few things the street hates more than a company that cannot predict results six to twelve months out with pinpoint accuracy). Sales growth has slowed and margins are under pressure. UA is experiencing some pressure. As an investor, this is a frustrating period.


    But periods of frustration are part of life as a business owner; there are bound to be times when things are not going your way in the short term (at the macro level, industry level or company level). Anybody that bought Under Armour shares with the expectation there would never be bumps in the road is learning a painful lesson – and probably deserves the lumps they have taken.

      


  • After Whole Food Acquisition, Investors Are Looking at Costco

    The most searched-for stock on GuruFocus Monday, the day Amazon announced its $13.7 billion bid for Whole Foods (NASDAQ:WFM), was not Amazon (NASDAQ:AMZN) or Whole Foods – it was a competitor, Costco (NASDAQ:COST), that could be vulnerable to disruption.


    Costco stock shed almost 9% since Monday, versus a 2.5% drop in the S&P 500 Retail Select Index and 0.53% decline in the S&P 500. Fear of Amazon’s move into brick-and-mortar rippled through the retail industry, with Target (NYSE:TGT), another rival, sliding 0.45%. Walmart (NYSE:WMT), widely seen as having the strongest position against Amazon, with Moody’s writing in a research note Wednesday that Amazon had “no discernible edge” over the company, gained 2.52%.

      


  • New Home Page Feature: Saving Bookmarks in GuruFocus

    We are pleased to announce a new feature on our home page, bookmarks. This feature allows you to access your most commonly used GuruFocus sites without having to search from the blue ribbon.


    Brief introduction to bookmarks

      


  • Rubicon Project: Creating a Bargain Price

    If profit is an investor's motive, why sell a stock worth $1 for 50 cents?


    This is an enormous and exciting topic. Charlie Munger (Trades, Portfolio)'s sage advice is "think forwards and backwards invert, always invert." Focus your efforts capitalizing on overlooked yet simple investing techniques.

      


  • Similarities Between Railroads and Airlines Part I


    “We said railroads were no damn good. There were too many of them. They had truck competition. And we were right; it was a terrible business for about 80 years. Finally they get down to four big railroads, and it was a better business. Something similar is happening in the airline business.”  Charlie Munger (Trades, Portfolio) at the 2017 Daily Journal Meeting

      


  • Some Thoughts on Wells Fargo

    Wells Fargo (WFC) reported first-quarter results last Thursday. I’m far from an expert on banks, but the valuation seems reasonable at current levels. The purpose of this article is to share some thoughts on Wells Fargo – and to hopefully push readers with more experience than myself to share some of their thoughts. If all goes well, I’ll do the same for JPMorgan (JPM) in a few weeks.


    The first number that catches my attention is $1.3 trillion: that’s how much Wells Fargo had in deposits at the end of the first quarter (up 7% from the prior-year period). The company has nearly 24 million consumer checking customers and does business with one in three U.S. households. Wells Fargo is the industry leader in retail deposit market share in the United States; based on the data I’ve seen, Wells Fargo’s retail deposit share is roughly 10%.

      


  • Wells Fargo's Probe Finds Major Flaws in Company Sales Model

    Wells Fargo & Co. (NYSE:WFC) recouped approximately $136 million from two executives on April 10 following the company’s investigation of improper sales practices.


    During the investigation, the San Francisco bank’s Corporate Risk division highlighted several root causes of the retail fraud. Two major areas include failure of top management to address the underlying problems and potential corporate risks resulting from its aggressive sales model.

      


  • Lessons From Sir John Templeton

    Sir John Templeton is one of history’s most famous investors. Known for his contrarian nature, Templeton liked to buy stocks trading at deeply discounted prices, a trait personified by his great World War II trade.


    In 1939, Templeton made a large $10,000 bet on stocks trading on the New York Stock Exchange by buying every stock trading under $1 (104 equities). Near the end of the war, he sold the stocks for around $40,000.

      


  • Private Equity Masquerade


    “Investors should remember that excitement and expenses are their enemies.” Charlie Munger (Trades, Portfolio)

      


  • Valeant: It Is Not a Game of Chess – Part III

    Valeant’s (NYSE:VRX) business model is predictated upon three key areas:


        


  • Timeless Lessons From the 2017 DJCO Meeting – Part II The Investment

    In my last article I posted part of my notes and observations from the 2017 Daily Journal Corp. (NASDAQ:DJCO) meeting including the after-meeting small group discussion. Some readers have asked specifically about the auto parts supplier investment that made Charlie Munger $80 million profits, which turned into $400 million by Li Lu. In this article, I’ll share my notes on this specific example.


    (Disclaimer: The follow-up analysis was based on pure speculation, and it was intended for entertainment purposes only.)

      


  • 3 Charlie Munger-Approved Banks

    Charlie Munger (Trades, Portfolio) is an investor and the business partner of the world’s most famous investor, Warren Buffett (Trades, Portfolio), but he is also among the rarified group that cleaned up during the financial crisis. The fountain of wit, wisdom and ice-cold discipline got into the market at its most despairing and quietly made a small fortune, primarily on banks, which he still owns nearly a decade later. With the rally in financials in recent months, Munger has three that continue to thrive.


    Munger’s move into stocks began in 2009 after keeping most of the investment funds of his company, Daily Journal (NASDAQ:DJCO), in cash and U.S. Treasurys. Initially, he sold most of the Treasurys earning nominal interest to buy $15.5 million in stocks of two Fortune 200 companies, saying he “took advantage of near-panic selling in the stock market.” By September 2010, the unnamed stocks had provided a $9.30 million gain.

      


  • Charlie Munger Speaks at the Daily Journal Annual Meeting 2017

    Charlie Munger (Trades, Portfolio) speaks at the Daily Journal (NASDAQ:DJCO) Annual Meeting 2017.


      


  • Energy Sector Showing Good Value Potential

    As of Dec. 1, the U.S. stock market’s total market cap to gross domestic product is 123.5%, about a 5% increase from Nov. 4 valuations. Even though the overall stock market is overvalued, some sectors are relatively undervalued. Among the sectors, the energy sector has the lowest median Shiller price-earnings ratio, suggesting potential value-increasing opportunities.


    Overall stock market overvalued according to Buffett and Shiller

      


  • CBRE: Using an Industry Deep Dive to Detect an Emerging Moat

    “Future profitability of the industry will be determined by current competitive characteristics, not past ones. Many managers have been slow to recognize this. It’s not only generals that prefer to fight the last war. Most business and investment analysis also comes from the rearview mirror.”



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