"I'd say that's probably why they didn't buy Amazon or Facebook." WATCH: D.A. Risk has many different dimensions that must be considered including sources, magnitude, outcomes and decision making inputs. Charlie Munger explains why he doesn't sell stocks during speculative frenzies . Munger's recommendation . Add on to the dividend yield of around 5%, this would give you about 29% return. By Matt Egan, CNN Business Democrats want to tax stock buybacks to help pay for President Joe Biden's $1.75 trillion spending plan. Why You Should Take Charlie Munger's Secret To Success ... They know where their views, where their knowledge comes from. A Dozen Things I've Learned from Charlie Munger about Risk He is, however, a man with considerable means, excellent . The $1.5 billion project comes with a major catch — 94% of the dorm's . Charlie Munger's greatest lesson learned from 2020: If you're not a little confused by what's going on, you don't understand it. Charlie Munger on why he admires Singapore's first prime . ted.cooper.3@gmail.com (Ted Cooper)via The Motley Fool. Videos. 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. Your Money's Worth. Buffett has described Munger as his partner and "right-hand man." I'm curious why Charlie Munger invests a large sum in Alibaba Group (Ticker: BABA). Charlie Munger deserves more credit for his role in shaping Warren Buffett's business philosophy. 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. Similar proverbs include "you reap what you sow" and . The transaction means the doomed developer has barely avoided a second disastrous default in a week. Charlie Munger's Life & Investment Partnership Results. Amid this volatility, Berkshire Hathaway's vice chairman Charlie Munger made his appearance at the Sohn conference in Australia today and discussed several topics. So, what did Buffett and Charlie Munger they have to say on 2nd May 2015? Munger: A little inequality is good for the economy. This illustrates just how insanely powerful compound interest is once you have a few hundred thousand dollars saved up. 1:02. Becoming a life . The Obsession With ROI. So why does this obsession with ROI exist in so many companies? 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. 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. 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. Billionaire Charlie Munger is bankrolling the design of a massive dormitory at the University of California, Santa Barbara. Source: Nick Webb. 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! In a wide-ranging conversation with Record, he called his opponents — including a respected architect who resigned from an advisory committee last week — "idiots . 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). In the past, Munger has shown little appetite for the idiosyncrasies of design. 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. People with humility and success quote a lot. So I- CHARLIE MUNGER: So I — time and- whether it's Rome, where is- Britain in its heyday, they all pass. Charlie Munger: The First $100,000 is a B*tch. 01:02. A Cannibal That Charlie Munger Would Love. So you can see what they saw. 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 . Among his other pet projects (we won't get into the windowless dorm imbroglio ) is his ownership of a small publishing company called the Daily . Warren Buffett's top lieutenant, Charlie Munger, told a . Munger is best known for being a close business partner to Warren Buffett but Munger's presence and even popularity is far less than the "Oracle of Omaha.". Source: Markets Insider / Charlie Munger's Daily Journal reveals an Alibaba stake worth $37 million. Charlie Munger needs little introduction. Munger said due to this frenzy, market returns are expected to be lower over the next 10 years than what it was in the previous decade. Charlie Munger has had a long life (he is currently 97 years old and still working!). Could, reading Charlie Munger's favorite books be considered being mentored by Charlie Munger? So I was more than a little intrigued when I saw this tweet, as I've never heard anything about Munger buying apartment buildings: He covers a wide range of topics, including rationality and decision making, investing, and how to live a good life. As the vice chairman of Berkshire Hathaway, Munger is worth . That was almost four times the annualized return of the Dow Jones Industrial Average over the same period. Your Money's Worth. 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. Until just a few decades ago, companies had very little access to data across the board. I think the returns will go down," he says. 01:07. Charlie Munger once described the secret of success as "take a simple idea and take it seriously." While that can be applied to many aspects of life, it is nowhere more important than in the . 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. In a 2019 interview with the Wall Street Journal, he described most conventional architecture as "massively stupid" and noted, "Either I change architects or he does it my way.". Munger is also chairman of . Not too bad a return on investment for a Warren Buffett Strategy, really. The coronavirus is a crisis like we have never seen. Munger, interestingly, has carried out his no-windows experiment elsewhere. I mean, I think NFTs in and of itself is a bubble, but the social value of 'flexing' I feel does have real monetary value tied to it and crypto in 2021 is much more of a real . You'd be amazed at how much Warren reads--and at how much I read. #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. 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 Poor Charlie's Almanack is a collection of Charlie Munger's best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. 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. Risk has many different dimensions that must be considered including sources, magnitude, outcomes and decision making inputs. 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