Billionaire Charlie Munger's 'Psychology of Human Mismanagement' speech is gold for every investor. Watch
tribute to the late Charlie Munger on the social media site X (formerly Twitter). He wrote, "RIP Charlie Munger. I'll always remember him for this talk he gave on the Psychology of Human Misjudgement.
If you have an hour, it's well worth the time" (sic). The attached video is a speech by Munger called 'The Psychology of Human Misjudgement' dated June 1995. The speech was given by Munger to Harvard University students and speaks about the framework of decision-making and the factors contributing to misjudgements.
The hour-long audio has been posted on X, watch it here. You can also read a transcript, updated by Munger himself in 2005 here. Also Read: Warren Buffett's longtime partner Charles Munger passes away at 99 Charles Munger, the alter ego, sidekick, and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc.
from a failing textile maker into an empire, has died. He was 99. He died on Tuesday at a California hospital, the company said in a statement.
He was a longtime resident of Los Angeles. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation," Buffett said in the statement. Also Read: 5 top advice from Charlie Munger A lawyer by training, Munger (rhymes with “hunger") helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term.
Under their management, Berkshire averaged an annual gain of 20% from 1965 through 2022 — roughly twice the pace of the S&P 500 Index. Decades of compounded returns made the pair billionaires and folk heroes to adoring investors. Munger was vice chairman of Berkshire and one of its biggest shareholders, with stock valued at about $2.2
. Read more on livemint.com
