A Dozen Things I've Learned from Charlie Munger about Risk. 1:02. Charlie Munger explains why he and Buffett have changed ... Charlie Munger isn't as famous as Warren Buffet. Billionaire Charlie Munger is bankrolling the design of a massive dormitory at the University of California, Santa Barbara. This comes to mind in considering the wit and wisdom of Charlie Munger, the 95 year old Warren Buffett sidekick with a net worth of about $1.8 billion.I look at Munger -- who majored in math in . People with humility and success quote a lot. At 95, Charlie Munger is best known for his steady role as the right-hand man of investing legend Warren Buffett. Now they own more than . They know where their views, where their knowledge comes from. However, it is important to note that he is the Vice Chairman of Berkshire Hathaway, meaning that he is well worth listening to when it comes to investing as well as other business topics. That's why one of the great honors of my life was being a contributor to the definitive book about Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. 1:02. First, understand that Buffett and his long time partner, Charlie Munger, view Berkshire's holdings of marketable stocks as a collection of businesses. square feet - and which the Santa Barbara Independent dubbed "Dormzilla". Source: Yahoo Finance / Alibaba Group Holding Limited Share Price 1 Year Chart. Streaming my consciousness here… This was because Charlie Munger, (a 97-year-old investor, a business partner of Warren Buffet, and vice chairman of Berkshire Hathaway )criticized brokerages for making money by selling gambling services to people and also . As the vice chairman of Berkshire Hathaway, Munger is worth . It wasn't so long ago that marketers, and business leaders in general, didn't really have a way to gather direct data about their marketing efforts. A Cannibal That Charlie Munger Would Love. Over the weekend, in an interview with CBS Marketwatch, Munger expressed little in the way of regret over the Santa Barbara . #1580 Charles Munger on the 2021 Billionaires - As vice chairman of famed holding company Berkshire Hathaway, Charlie Munger is Warren Buffett's right-hand man. My children laugh at me. The reason why Charlie Munger leveraged himself to the hilt was because there was little chance that the deal would fall through. Li Lu's value investment firm, Himalaya Capital Investors, has reportedly produced a 30% compound annual return since inception in 1998, putting this little known investor in the same leagues as the greats, Warren Buffett, Charlie Munger, and Peter Cundill. Source: Yahoo Finance / Ring Energy Stock Summary. - Charlie Munger Despite being 96 years old, Charlie Munger is as sharp as ever in this interview sponsored by CalTech. Not too bad a return on investment for a Warren Buffett Strategy, really. Dissatisfied with academic psychology, he developed his own model for standard thinking errors, which he kindly shared in his 1995 speech: The Psychology of Human Misjudgement. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you," Charlie Munger once said. At an old Berkshire Hathaway Shareholder Meeting in the 1990's, a young man asked Charlie Munger for his best advice on creating wealth. Could, reading Charlie Munger's favorite books be considered being mentored by Charlie Munger? But I don't like thinking about it too much. The Obsession With ROI. Similar proverbs include "you reap what you sow" and . They think I'm a book with a couple of legs sticking out.', 'To get what you want, you have to deserve what you want. Billionaire investor Charlie Munger isn't happy about it. Answer (1 of 10): This is a perfect example of the most important investment principle of them all: Compound Interest. Now take a look at Ring Energy. Be the first to comment on "Why Charlie Munger 'bulls-t profit' metric is used by so many technology companies" It is interesting to see that. Charlie Munger (Charles Munger) is an American lawyer, businessman and investor with an estimated net worth of $1.31 billion. Charlie Mungers Net Worth vs Warren Buffett At the time of writing Charlie Munger is believed to be worth about $2.2 billion US dollars (I know what a peasant). 1:07. The young man complained that he was having a hard time getting started and that his net worth wasn't increasing as fast as he would like. More blunt object than fine precision, he wastes very . Amid this volatility, Berkshire Hathaway's vice chairman Charlie Munger made his appearance at the Sohn conference in Australia today and discussed several topics. In his recent 13F filing, Charlie Munger took a stake in Alibaba last quarter, adding 165,000 American depositary shares (ADS) in Alibaba worth $37 million making this his top 3 holdings after Bank of America and Well Fargo. One day, in 1990, during the Berkshire Hathaway Shareholder Meeting, a young man asked Charlie Munger - vice chairman of Berkshire Hathaway and one of the wealthiest people in the world - to give him an advice to get rich: he told him he had a very hard time, he failed in getting started and . Warren also started in the investment game earlier than Charlie who was still. In today's Alibaba stock analysis, we will discuss why Munger invested in the company based on its latest earnings performance. He helped fund and design the Munger Alumni Residences, which opened at the University of Michigan Ann Arbor in 2019. If you can combine leverage with arbitrage like Charlie did, you can make a killing. "I'd say that's probably why they didn't buy Amazon or Facebook." WATCH: D.A. Posted By: newsus February 16, 2020. . In the past, Munger has shown little appetite for the idiosyncrasies of design. Today's share price of around US$105 a share on average, will translate to about 24% return. Charlie Munger: "the First 100k is a B*tch". Charlie Munger, the 97-year-old billionaire who has been ridiculed for wanting to build a dormitory with thousands of windowless bedrooms at the University of California, Santa Barbara, came out swinging on Monday morning. you want to see if a company is trying a little too hard to be creative." . 1 Or how to learn to do what people did through reading what they read… So you can do it too. He covers a wide range of topics, including rationality and decision making, investing, and how to live a good life. So you can see what they saw. So we got a choice of making 400,000 people mad at us and unhappy, and, or making two people happy, and that's just a dumb equation." . So why would UCSB allow Munger to dictate how $1.3 billion of university money will be spent? And is it really such a bad thing? But I thought this would be a fun one to talk about so, yeah, let's dig in a little bit on Munger's feelings on Bitcoin. Charlie Munger's place in history is almost destined to be "the other Berkshire . With elite investors like Charlie Munger, Michael Burry and Jeremy Grantham all saying the market is due for a correction, it might be worth looking into investments other than stocks. You'd be amazed at how much Warren reads--and at how much I read. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man.Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. Risk has many different dimensions that must be considered including sources, magnitude, outcomes and decision making inputs. As an investor, Charlie, if you would like to come on screen now, you have been phenomenally successful over the very long run [crosstalk 00:00:13]. He is, however, a man with considerable means, excellent . In terms of a definition, Seth Klarman writes that risk is . Add on to the dividend yield of around 5%, this would give you about 29% return. This 380,000-square-foot building is just a fraction of the size of the proposed Santa Barbara dormitory, which is nearly 1.7 million. Jan. 17, 2013. People with humility and success quote a lot. Companies that consistently lower shares outstanding -- at a discount to intrinsic value -- are doing shareholders an enormous favor that leads to . So I can see why Charlie Munger likes cannibals. Charlie Munger deserves more credit for his role in shaping Warren Buffett's business philosophy. The $1.5 billion project comes with a major catch — 94% of the dorm's . 43 quotes from Charles T. Munger: 'In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. So before diving in, I provide a brief bio about Munger (for those who don't know much about him) and promise won't be coming back to his present life in this piece again! Warren Buffett's top lieutenant, Charlie Munger, told a . Munger's recommendation . Berkshire Hathaway's Warren Buffett and Charlie Munger used to think the airline industry was a "joke," and now they own billions of dollars worth of airline stocks. That's why one of the great honors of my life was being a contributor to the definitive book about Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. You'll learn why Charlie considers . Charlie Munger says Al Gore is 'not very smart,' but became filthy rich using this simple investing formula. Your Money's Worth. 10 insights on living a rich life from Buffett's right-hand-man Charlie Munger Published Wed, Aug 16 2017 8:30 AM EDT Updated Wed, Aug 16 2017 8:31 AM EDT Kathleen Elkins @kathleen_elk Davidson has $75 price target on Lyft for 2020 Charlie Munger says Al Gore is 'not very smart,' but became filthy rich using this simple investing formula. 01:07. Charlie Munger on why he admires Singapore's first prime . My children laugh at me. His life is best summarized with the following from the acclaimed book Poor Charlie's Almanack: Source: Poor Charlie's Almanack. Risk has many different dimensions that must be considered including sources, magnitude, outcomes and decision making inputs. Charlie Munger (Trades, Portfolio) has a strong track record of outperforming the stock market.. For example, he ran an investment partnership from 1962 to 1975 that delivered an annualized return of around 20%. Investor Charlie Munger was interviewed by Caltech faculty on December 14. So I was more than a little intrigued when I saw this tweet, as I've never heard anything about Munger buying apartment buildings: Munger: A little inequality is good for the economy. Charlie Munger prefers to be cautious rather than buying stocks because he doesn't want to put investors' money in danger.. Nobody Knows If There Will Be Another Stock Market Crash.