CharlieMunger

7 ms·

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by CharlieMunger 5y ago
Here is a good documentary if you want to understand Charlie Munger: https://youtu.be/bx5ThG6HyZk He is widely respected and that is well-justified.
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by CharlieMunger 5y ago
The notorious
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by CharlieMunger 5y ago
Study the teachings of Warren Buffett and Charlie Munger. There is a Reddit community for that: r/brkb https://old.reddit.com/r/brkb/ Understand the concept of intrinsic value (versus market price). Think of
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by CharlieMunger 5y ago
If you want to understand Berkshire Hathaway, join us on Reddit: https://old.reddit.com/r/brkb/ We are the best Berkshire community on the Internet, with dozens of "value investor" moderators. We get the
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by CharlieMunger 5y ago
You're getting the facts wrong. I'm sorry. If you want to understand Berkshire Hathaway, join us on Reddit: https://old.reddit.com/r/brkb/ You have a lot to learn, and you can start your learning journey
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by CharlieMunger 5y ago
We do that, too. For example, one of those Redditors owns 22,612 BRK.B shares and has been buying since late 2002. Berkshire spent $25 billion in 2020 (all of its operating earnings) on buybacks at an average price of $205 per BRK.B share.
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by CharlieMunger 5y ago
Buffett makes huge new investments very, very rarely. Three in the last 5 years. Apple: buying began in 2016. The 5 major Japanese trading houses (the sogo sosha -- Itochu, etc.): buying began in early 2019. Verizon: buying began in late 20
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by CharlieMunger 5y ago
Short-term stock price changes are noise. Berkshire's investments are based on a deep understanding of the business and are intended to produce good long-term results. Factors like economic moat, trends in consumption, conservative val
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by CharlieMunger 5y ago
There's a community on Reddit that studies Berkshire's purchases (investments made by Buffett/Weschler/Combs) and tries to follow, purchasing only below what Berkshire paid: https://old.reddit.com/r/
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by CharlieMunger 5y ago
I am one of dozens of moderators of the Hardcore Berkshire Hathaway subreddit: https://old.reddit.com/r/brkb/ I put in a little effort each day, but thousands of people benefit. Small work, big impact. Contributin
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by CharlieMunger 5y ago
Ruined? Not always. For example, investment subreddits are generally very bad, yet the Berkshire Hathaway subreddit (r/brkb) is able to keep the rot out without becoming an echo chamber: https://old.reddit.com/r/br
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by CharlieMunger 5y ago
Some parts of Reddit are better than others. For example, almost all Reddit's investing/finance subreddits are dreadful, but there is an exception: https://old.reddit.com/r/brkb/ There are really intelli
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by CharlieMunger 5y ago
Warren Buffett explains long-term stock prices, in 5 minutes: https://old.reddit.com/r/brkb/comments/l9hpo5/buffett_explai... I blame the education system. Basic investing theory should be taught in high
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by CharlieMunger 5y ago
Watch Warren Buffett and Charlie Munger mock cryptocurrency at the 2021 Berkshire Hathaway annual meeting: https://old.reddit.com/r/brkb/comments/n3c78z/im_alright_on_...
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by CharlieMunger 5y ago
Discussed here, with a screenshot of Google failing: https://old.reddit.com/r/brkb/comments/n6bjws/integer_overfl... Berkshire is overflowing a 32-bit unsigned integer representation. When an unsigned in
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by CharlieMunger 5y ago
If you want to understand Berkshire Hathaway, visit the world's most active Berkshire Hathaway community: https://old.reddit.com/r/brkb/ Thousands of active members, dozens of value investor moderators, join
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by CharlieMunger 5y ago
This inflation question was asked by one of the members of Reddit's most active Berkshire Hathaway subreddit: https://old.reddit.com/r/brkb/ We have full coverage of the meeting, including a video dissection
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by CharlieMunger 5y ago
What's wrong with Reddit? For example, the Hardcore Berkshire Hathaway subreddit: https://old.reddit.com/r/brkb/ That's discussion and news, with dozens of value investor moderators and thousands of memb