Charlie Munger News
03.05 / 20:09
UPS
FIVE
economy
Death
wellness
President
Warren Buffett gears up to meet investors sans Charlie Munger by his side
Warren Buffett will command centrestage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there is his influential sidekick Charlie Munger. The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.
03.05 / 15:17
02.05 / 12:57
markets
UPS
Apple
economy
Trade
stage
Buffett rules out ‘eye-popping’ returns. But investors aren’t listening.
Warren Buffett recently warned that Berkshire Hathaway has “no possibility of eye-popping performance." That hasn’t cooled the ardor of his fans, who could make Berkshire the only non-tech company in the U.S. worth $1 trillion. Shares of the sprawling conglomerate-—which operates businesses from insurer Geico to BNSF Railway and owns big chunks of Apple and American Express—have roared ahead of the broader market this year, even as Buffett, 93 years old, adapts to running Berkshire without the counsel of his longtime friend and partner Charlie Munger, who died in November at 99.
05.04 / 05:45
UPS
Citi
Parke
Trade
Cycling
performer
reports
Reits: Flavour of the month?
investing in real estate? Here’s the story from a book we read a while ago… Otis Booth, an American billionaire newspaper executive and investor, came to Charlie Munger when he was studying law, asking Charlie to handle the sale of some real estate assets. Considering the location that Booth was looking to part with, Munger immediately advised him to keep the property and develop it by building his own apartments. To this, Booth reverted… Charlie, if this is such a good idea, and you’re so sure it will work, why don’t you put up some of the money and join me. I won’t do it without you. What followed was Munger and Booth joining forces and investing around $100,000 to build that property.
19.03 / 09:17
markets
UPS
FIVE
Assurant
Adventure
stars
prevention
NOT
The investment trap: How not to fall for 2% per month assured returns
₹1,000 crore), let me share something that you should probably print and pin on your wall. It’s a quote by Charlie Munger: The world is not driven by greed. It’s driven by envy. And complement this with another one (I am not sure of its origins): Return of capital is more important than return on capital. The first quote is the root cause of perhaps all irrational adventures that investors are willing to undertake in their desire to beat competing standards of living.
15.03 / 05:34
markets
Provident
Compilation
security
Enterprise
Universities
information
Better use of data could help small caps and their investors flourish
It's one thing for financial sector regulators to promote prudence by flagging signs of excessive speculation in any area of the securities market; it's quite another to label a class of shares as inherently risky. A class of shares includes various individual companies, some of which might become the next Infosys, Kotak Mahindra Bank, or ITC.
26.02 / 11:53
economy
Trade
performer
country
rights
Berkshire shares gain as 'built to last' conglomerate posts record profit
(Reuters) — Berkshire Hathaway (NYSE:BRKa) class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett reassured investors that it was 'built to last'.
26.02 / 11:17
markets
DOW
security
reports
economic data
Futures edge lower; economic data, earnings this week - what's moving markets
Investing.com -- U.S. futures point to a lower start on Monday, with traders looking ahead to key economic data releases later in the week and a slate of corporate earnings. Warren Buffett moves to reassure investors over the resilience of Berkshire Hathaway (NYSE:BRKa) and remembers the conglomerate's late vice chairman Charlie Munger. Elsewhere, Ant Group reportedly offers a higher bid than Ken Griffin's market-making firm Citadel Securities for Credit Suisse's Chinese investment banking division.
25.02 / 06:37
25.02 / 04:21
UPS
FIVE
Occidental
Trade
performer
reports
Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30% of Occidental Petroleum and 9% of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright.
25.02 / 03:37
Remark
testing
Berkshire Hathaway's 2023 Shareholder Letter: 10 top things Warren Buffett said about Charlie Munger
Berkshire Hathaway's 2023 shareholder letter, Warren Buffett pays tribute to his longtime partner, Charlie Munger, shedding light on their decades-long collaboration. Buffett's commendation encompasses Munger's exceptional intellect, sound judgment, and vast knowledge, underscoring Munger's pivotal role in Berkshire's success. This comprehensive overview examines Buffett's reflections, delving into the Who, What, When, Where, Why, and How of their enduring partnership, offering insights into Munger's profound influence on Berkshire Hathaway's investment philosophy and corporate culture.
24.02 / 20:33
UPS
Maxim
Apple
Death
stage
cover
Warren Buffett Pays Heartfelt Tribute: "Berkshire Loses Its Architect, Munger," Leaves Investors Reflecting
Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what has become his more than $900 billion, Omaha, Nebraska-based conglomerate.
24.02 / 14:25
22.02 / 13:54
markets
UPS
SEC
security
Bill
reports
A $150 Billion Question: What Will Warren Buffett Do With All That Cash?
The mountain of cash at Warren Buffett’s Berkshire Hathaway just keeps growing. Berkshire’s tally of cash and equivalents has marched skyward for five consecutive quarters, reaching a record $157.2 billion at the end of September. Whether it finished 2023 at new heights is one question investors will look to answer when the Omaha, Neb., company releases its annual report Saturday.
12.02 / 07:21
UPS
FIVE
SUN
Healthcare
show
rights
Mutual funds: Investing ₹1 lakh at the time of launch would have grown to ₹34 lakh in 24 years
power of compounding is so profound that it is referred to as ‘magic’. And rightly so! Investors of all hues such as Warren Buffett and Charlie Munger attribute this magic for the massive wealth they have managed to accumulate over a period of time. Here we share details of one mutual fund scheme i.e., Quant ELSS Tax Saver Fund and the returns it generated in order to elucidate the power of compounding.
19.01 / 10:17
UPS
IPO
Provident
FIVE
wellness
information
Penny
₹3.3 to ₹41: Penny stock turns multibagger in six months. ₹1 lakh turs to ₹12.50 lakh
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.
03.01 / 10:12
Provident
CEO
security
trends
rights
Unleash your inner billionaire: How Warren Buffett's 5 powerful quotes can make you richer
Charlie Munger’s name consistently emerges in global conversations, particularly when discussing Warren Buffett. On January 1, 2024, as the world quietly acknowledged and commemorated Munger’s birthday, certain investors couldn’t help but notice the uncanny resemblance of Munger’s investment principles to those of his partner, Warren Buffett, who serves as the co-founder, chairman, and CEO of Berkshire Hathaway. The names Warren Buffett and Charlie Munger have become virtually interchangeable with the concept of legendary value investing.
01.01 / 10:47
Action
Strategy
Avid
love
information
Department
8 famous investing principles of Charlie Munger on his 100th birthday
Charlie Munger would have turned 100 years old today. Although he came close to reaching this century, it remained just out of reach, as he departed from us on November 28, 2023. The renowned investor left behind an extensive legacy detailing the essential factors behind his success, presented in his distinctive style characterised by straightforwardness and humour.
23.12 / 13:39
Man
Career
CEO
Death
PTC
love
show
The Man Preparing for a Berkshire Hathaway Without Warren Buffett
Berkshire Hathaway’s future chief executive officer is no Warren Buffett. Fortunately for Greg Abel, he doesn’t have to be. Buffett, the 93-year-old chairman and CEO, unwrapped one of corporate America’s longest-running mysteries in 2021 when he confirmed that Abel was his pick to succeed him in the role as CEO.
20.12 / 17:09
FIVE
Extreme
Career
Entertainment
testing
5 investing lessons learned from Charlie Munger that will stand the test of time
Billionaire Charlie Munger, who passed away in November at the age of 99, spent many decades alongside Warren Buffett at the helm of Berkshire Hathaway Inc. Together, they grew Berkshire from a small textiles firm into a massive and diversified conglomerate with a market capitalization of about US$780 billion at the time of Munger’s passing.
14.12 / 14:43
Oil
equities
Occidental Petroleum
stake
Berkshire Hathaway adds to Occidental Petroleum stake with further $589m investment
Warren Buffett (pictured), chair of Berkshire Hathaway
facts about Charlie Munger
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