Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Since his passing I've read articles with quotes from him that I had never seen before. Here's one that mentions the basic rules that he credits to his success. Of the three rules, this is the one I like best...
Quote:
Don’t work for anyone you don’t respect and admire.
He would have witnessed the first boom of stocks, the rise of unions, prohibition, the Great Depression, WWII, the Interstate System, Suburbia, Cold War, Korea, Vietnam, Iran, Iraq, Rise of Organized Crime, rise of securitization, removal of the gold standard, the advent of computers, internet, robotics, various financial scandals, oil shortages, inflation, deflation.....etc etc.
Through it all, at least on the face of it....he truly appears to have come out an upstanding man who lead a good life.
he always had some words of wisdom when he spoke .
i think at this stage with or without munger and buffett berkshires investing culture will be the same ..others have been handling things for a long time now
Charlie Munger was majoring in math before he dropped out to join the army. He never finished his undergraduate degree, but completed law school. Charlie said he was majoring in math because he could earn "A"s without any effort. As someone who struggled to complete a year in Calculus, Charlie was on a whole 'nother level when it came to math.
Charlie Munger was majoring in math before he dropped out to join the army. He never finished his undergraduate degree, but completed law school. Charlie said he was majoring in math because he could earn "A"s without any effort. As someone who struggled to complete a year in Calculus, Charlie was on a whole 'nother level when it came to math.
Read this and thought, "I can relate". Definitely much less work involved in completing math classes than any other subject. It didn't come quite that easily to me though.
This suggests he was a bit lazy or otherwise uninterested in college? Or perhaps I'm projecting.
Read this and thought, "I can relate". Definitely much less work involved in completing math classes than any other subject. It didn't come quite that easily to me though.
This suggests he was a bit lazy or otherwise uninterested in college? Or perhaps I'm projecting.
Charlie Munger was initially rejected from Harvard Law School because he did not have an undergraduate degree. He was accepted after Roscoe Pound, former dean of Harvard Law and a family friend, intervened. I have mixed feelings about this. However, he graduated magna *** laude from Harvard Law School.
I tried to find out about Charlie's house that he lived in for 70 years. It's described as "modest", but Warren Buffet's "modest" house sold for $850,000 in 2022, Way out of my price range.
His advice still rings true today. Buy good companies when they are cheap or reasonably priced and hold for the long term. It is unfortunate that most people do not follow this plan.
the problem is most people don’t know what constitutes a good company .
at one time general motors , ibm and kodak were good companies
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
