Charles Thomas Munger (born January 1, 1924, in Omaha, Nebraska) is an American business magnate, lawyer, investor, and philanthropist. He is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by Warren Buffett; in that capacity, Buffett describes Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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, where he was a member of the Harvard Legal Aid Bureau, without an undergraduate degree. - Wikipedia
"If you took our (Berkshire Hathaway's) top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor." - Charlie Munger
Charles Thomas Munger. The name has an instant resonance. And with a blink, you recall another name - Warren Buffett.
In this article we shall discuss a very important human tendency that every investor should undoubtedly not avoid.
In this article we shall discuss a very basic tendency that often drives our thoughts and actions and is very relevant to our behaviour in stock markets.
In this article, we shall discuss how incentives can prove to be a double-edged sword.
In this article we shall discuss another extremely important human tendency that every serious investor should be well aware of.
We are delighted to present to you the complete series on the lessons one should learn from Warren Buffett's man Friday, Charlie Munger.
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You know how Charlie Munger's investments have grown a whopping 5,000 times over the last few decades. Well, it may or may not be possible for you to repeat EXACTLY the same feat... But what you can certainly do is identify Indian stocks that Munger too would prefer to put his money in... grab them when they're selling at an attractive price... and make fairly BIG returns for yourself too. Our ValuePro portfolio gives you details of stocks exactly like that. And here's how you can get access to it...
Charlie Munger has never really stated an investment criteria for stocks as clearly as Warren Buffett has done. But, given that the two seem to agree more often than not, one can always apply Buffett's criteria as a fill in for Munger's. So, here is a list of Indian stocks that match Munger's stock picking criteria...
How has Charlie Munger influenced your stock picking style? Tell us!