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Lessons From The Charlie Munger Partnership

Lessons From The Charlie Munger Partnership

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Before he became Warren Buffett’s right-hand man at Berkshire Hathaway, Charlie Munger ran his own investment partnership where he established an impressive track record for himself. In fact, the Munger partnership performance earned him a place in Warren Buffett’s now-famous essay, The Superinvestors of Graham and Doddsville: “ … is the record of a friend of mine who is a Harvard Law graduate, who set up a major law firm. I ran into him in about 1960 and told him…

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How To Invest Like Charlie Munger

How To Invest Like Charlie Munger

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Charlie Munger is Warren Buffett’s right-hand man and also an accomplished investor in his own right. Warren Buffet is known as the world’s greatest investor and it can be said that Munger is the investment world’s most exceptional thinker. Indeed, it was Munger that inspired Buffett to change his strategy away from value towards quality, and ever since he joined Berkshire Hathaway, Charlie has proven himself to be a highly valuable filter of ideas for Buffett. “Opportunity cost is a…

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The Best Investment Ideas Should Be Easy

The Best Investment Ideas Should Be Easy

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Following on from my last post (Second-Level Thinking: What Is It And Why You Need It) I wanted to take another look at investing psychology, specifically, the emotional bias associated with investment research. Investment ideas should not require a lot of work Researching a stock is a critical part of the investment process, but if you’re not careful, you’ll end up convincing yourself to buy the stock, rather than buying based on fundamental research. To explain further, I’m going to…

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The Superinvestors of Graham-and-Doddsville: Charlie Munger

The Superinvestors of Graham-and-Doddsville: Charlie Munger

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Table 5 is the record of a friend of mine who is a Harvard Law Graduate, who set up a major law firm. I ran into him in about 1960 and told him that law was a fine hobby but he could do better…”— Warren Buffett’s introduction to Charlie Munger in his essay: The Superinvestors of Graham-and-Doddsville. This is the fourth part of a six part series on Warren Buffett’s essay, The Superinvestors of Graham-and-Doddsville. Click to read the earlier…

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