REST IN PEACE to one of the greatest financial minds
Charlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology.
He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion.
He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain.
some of his best qoutes are :
-the best way to get what you want is to deserve what you want.
-all intelligent investing is value investing
-the world is not driven by greed but by envy.
the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification.
what have you learned from Charlie Munger yourself?
put together by : Pako Phutietsile ( currencynerd )
He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion.
He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain.
some of his best qoutes are :
-the best way to get what you want is to deserve what you want.
-all intelligent investing is value investing
-the world is not driven by greed but by envy.
the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification.
what have you learned from Charlie Munger yourself?
put together by : Pako Phutietsile ( currencynerd )
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