Charlie Munger News

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Buffett stepped down as its CEO after 60 years in the role. He announced the decision at the company's annual shareholder meeting in May, citing the physical effects of ageing.Buffett had taken control of Berkshire in 1965, when it was a struggling textile manufacturer. Alongside his partner Charlie Munger, who passed away in 2023, he built it into a sprawling conglomerate with holdings spanning insurance, railroads, energy, utilities, manufacturing, and consumer goods.

Most of us associate Berkshire Hathaway with Warren Buffett and the late Charlie Munger, but in the early 1970s they were part of a trio that also included Rick Guerin.

Berkshire Hathaway CEO has recently taken to raising billions in cash piles instead of investments, which is not very common coming from him. Buffett sold a bulk of his shares in Apple, which came as a surprise especially after the fact that this stock has been one of the biggest frontrunners at Wall Street in 2024, being the highest valued company in the world. Many are even claiming that Buffett is able to see what others are not able to., and that there are chances a stock market pinfall may be incoming. Warren Buffett has a major knack of accurately understanding market behavior, based on his decades of experience. Therefore, his sudden shares dumping activity has raised alarms at the highest levels of Wall Street, as per reports.

Charlie Munger authored a book titled Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger. While the title plays on Benjamin Franklin’s Poor Richard’s Almanack, some might argue it had an unintended double meaning. Recently, Helios Mutual Fund’s CEO, Samir Arora, raised an intriguing question on X about Munger’s relatively ‘modest’ net worth of $2.6 billion, compared to his long-time partner Warren Buffett’s fortune. It turns out that on a relative scale, compared to what people expect, he really was ‘Poor Charlie’! However, I think investors should ignore Munger’s poverty entirely. The real wealth he created wasn’t just about his net worth, but in the intellectual capital he gave to generations of investors. Consider the investment principles Munger outlined in a speech summarised by John Templeton, a reference in the same X post. These eight commandments of investing are worth more than any billion-dollar fortune because they’ve helped countless investors build their wealth. Let’s examine why these principles are so valuable. First, Munger’s emphasis on specialisation and understanding your ‘circle of competence’ has saved many investors from costly mistakes. His anecdote on Bobby Fischer brilliantly illustrates this: When asked how to beat the chess champion, his answer was simple, ‘Get him to play you at any game except chess.’ The lesson? Stay within your domain of expertise.

Subscribe to enjoy similar stories. When the world’s most-followed investor doesn’t feel comfortable investing, should the rest of us be worried? Warren Buffett, who has quipped that his favorite holding period for a stock is “forever," continues to have substantial money at work in American companies. But he has never taken this much off the table either—a whopping $325 billion in cash and equivalents, mostly in the form of Treasury bills.

Charlie Munger had once said that the big money is not in the buying or selling but in waiting. But to wait for a stock to give you ten-bagger returns, you need conviction. And conviction comes when you know what you are buying and why you are buying. To help investors learn how to pick the right stock, ETMarkets is organizing an online session with Gautam Baid, Managing Partner at Stellar Wealth Partners India Fund. You can register for the event here.

Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.

investors think is essential whether you’re looking for funding for your own business or aiming to make wise investment choices. However, not all investors are willing to share their experiences for the benefit of others.

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«So, what we have highlighted in the report is what a lot of people have said the right stuff that Charlie espoused and probably one of the most important learnings, I will put two major learnings, at least which are my major takeaways from the whole exercise,» says Sahil Kapoor, DSP Mutual Fund. I want to understand that this time your Netra report usually is a mix of stuff which is where we can derive about market investing, but centres around data points, mostly macro and of that nature. But this time around you have devoted the note to Mr Munger. So, what exactly is the biggest learning from the life of Mr Munger which we can implement in day-to-day investing? Every anniversary edition, we try and zoom out and look back and look at what are the timeless principles that we can learn and reinforce. And of course, in the month of June, there was already so much noise, a lot of people talking about elections and other outcomes. So, we thought this is the right time to think about long-term investing principles. With Charlie Munger, I think one of the investing greats, not only he has given a lot of investing wisdom, also a number of ideas from Charlie is all about living correctly.

Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

James Harris Simons, founder of Renaissance Technologies, was a pioneer of quantitative investing (QI) across asset classes. While he was less famous than some of his peers like Charlie Munger and Warren Buffett, he was equally, if not more, successful in investing, outperforming markets with an amazing level of consistency. The popular statistic floating around is that $1,000 in his signature Medallion Fund — known for its consistent gains and only accessible to Renaissance's owners and employees — in 1988 would be worth $42 mn today, compared to $40,000 if invested in S&P 500 and $1,52,000 in Berkshire Hathaway shares over the same period. Today, Renaissance manages $106 bn in assets. As estimated by Forbes, Simons' net worth equates to $31 bn. Simons was a leading philanthropist who gave away billions during his lifetime to support medical and science research and teaching. His journey had been exciting and intriguing. A maths genius, he was only 23 when he received his PhD from the University of California, Berkeley. Subsequently, aside from teaching at prestigious universities, he worked as a breaker of Soviet codes at the Institute for Defense Analyses, a position he held until he had divergent views on the Vietnam War.

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone

Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day.

Buffett cautioned the tens of thousands of shareholders at his annual meeting.

business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job. Buffett, legendary for his investing acumen, also praised Apple after unexpectedly revealing that Berkshire had reduced its stake in the iPhone maker. He said the company was «an even better business» than two of Berkshire's oldest investments, American Express and Coca-Cola

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm.

Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway shareholders' meeting: It's the first since Vice Chairman Charlie Munger died. «He was the sriracha sauce in the Berkshire Hathaway meeting,» said investor Bill Smead, a regular at the event for 14 years. «He gave it a lot of flavor.»

OMAHA, Nebraska — Warren Buffett's annual shopping event, the pregame to Berkshire Hathaway's annual meeting, is wowing shareholders flocking to Omaha this weekend.