Charlie Munger

Charlie Munger

Daily Journal
Last update 2019-01-08 4 Stocks (0 new)
Value $137.00 Mil Turnover 0 %
Top Holdings: WFC(53.56%) BAC(41.38%) USB(4.67%) KOR: PKX(0.39%)
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Charlie Munger Profile

Charlie Munger is the Chairman of Wesco Financial. He is also the Vice Chairman of Berkshire Hathaway, where his long term partner Warren Buffett serves as Chairman. Like Buffett, Munger is a native of Omaha, Nebraska. After studies in mathematics at the University of Michigan, and service in the U.S. Army Air Corps as a meteorologist, trained at Caltech, he entered Harvard Law School without an undergraduate degree. Graduating in 1948 with a Juris Doctor magna cum laude, he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP until 1965. He then gave up the practice of law to concentrate on managing investments. In his book Poor Charlie's Almanack, Munger has introduced the concept of "Elementary, Worldly Wisdom" as it relates to business and finance. Munger's worldly wisdom consists of a set of mental models framed as a latticework to help solve critical business problems.

Charlie Munger Investing Philosophy

Buffett followers believe that Charlie Munger had significant influence on Warren Buffett’s investment philosophy. Before partnering with Munger, Buffett was a Ben Graham type of cigar butt bargain investor. Charlie Munger inspired Warren Buffett to invest in high quality business for long term. The latest investment Charlie Munger convinced Warren Buffett was the investment in Chinese electric car maker BYD.

Performance of

Commentaries and Stories

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Launching a contest between young Buffett’s 'fair companies at wonderful prices' and mature Buffett’s 'wonderful companies at fair prices'
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430 Views    Robert Abbott    2019-02-14 20:52
Renowned investor shares his thoughts live in rare public appearance
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409 Views    Holly LaFon    2019-02-14 20:12
Some of the best outperformance is created by acquiring shares of great companies at fair prices
6 Votes
1152 Views    Thomas Macpherson    2019-02-11 17:39
'Invert, always invert'
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448 Views    Rupert Hargreaves    2019-02-06 21:40
Some thoughts on the importance of discipline
3 Votes
1907 Views    Rupert Hargreaves    2019-02-05 20:26
Two important investment lessons from the Oracle of Omaha
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562 Views    Stepan Lavrouk    2019-02-04 20:40
Dow exceeds 25,000 for the first time since fourth-quarter 2018 meltdown
1 Votes
1147 Views    James Li    2019-02-01 21:58
Are you wondering if you should take a passive or active approach to investing? Here's what some of the world's most successful gurus think
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87 Views    Joshua Rodriguez    2019-01-31 16:18
Charlie Munger discusses the difficulties of finding lasting investments
1 Votes
351 Views    Rupert Hargreaves    2019-01-30 20:22
The mutual fund giant sees high risk and low reward in equities
1 Votes
787 Views    John Engle    2019-01-28 23:06

Top Ranked Articles

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21 Votes
7028 Views    John Huber    2015-04-27 21:56
How much value you get out of a single stock idea depends on how big your position size is, how long you hold the stock, how fast the stock compounds its value and how cheap it is
21 Votes
2195 Views    Geoff Gannon    2017-09-29 15:41
A look at the continued exclusion of stock-based compensation from reported earnings
19 Votes
1795 Views    The Science of Hitting    2016-03-16 15:24
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2566 Views    Grahamites    2015-05-18 14:09
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1611 Views    Grahamites    2014-04-02 15:37
Charlie Munger shared thoughts on deferred gratification
15 Votes
2597 Views    Grahamites    2017-03-02 16:10
Looking back on a fun weekend in Omaha for the Berkshire Hathaway shareholder meeting
14 Votes
2445 Views    The Science of Hitting    2016-05-05 18:33