Charlie Munger, a titan of the investment world, passed away on 28th November ‘23, just 33 days short of what would have been a monumental milestone - his 100th birthday.
In February ‘24, Berkshire Hathaway’s annual letter to shareholders, a document eagerly anticipated by investors for its wisdom and valuable teachings, was published, and Warren Buffett paid tribute to his long-time friend and right-hand man, Charlie Munger. He lauded Munger as the ‘architect’ of Berkshire Hathaway while describing himself as the ‘general contractor’ tasked with executing Munger’s visionary blueprint.
Outlined in the annual letter, Buffett stated that in 1965, Charlie Munger advised him that acquiring Berkshire was a misstep, emphasizing the strategy of purchasing outstanding businesses at fair prices rather than mediocre businesses at attractive prices. After joining Berkshire, together with Buffett, he made Berkshire a world-class conglomerate and helped imbibe his investment strategy, which has yielded rich results.
Charlie Munger is frequently viewed as being overshadowed by Warren Buffett, largely because of Buffett’s prominent public presence and his position at Berkshire Hathaway. However, Buffett has consistently emphasized Munger’s critical contribution to the company’s success. Although Buffett might be the more well-known figure, Munger’s influence and legacy in the investment realm are extensively recognized and celebrated.
Charlie’s immense success in the investment world provides profound insights, but along with it, how he overcame personal setbacks is insightful and a powerful reminder that his journey was not one without ups and downs. He navigated personal blows with grit, determination and resilience. Thus, reflecting on his life lessons is highly important.
この記事は Beyond Market の March, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Beyond Market の March, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Young Or Old? Find Your Ideal Health Plan
Age doesn't define you: find your ideal health coverage at any stage! Choose individual or family plans that fit your needs
IMPORTANT JARGON
The phase-wise voting in India for general elections began on 19th April.
BACK IN BUSINESS
Buoyed by post-pandemic travel trends and rising disposable incomes, India's hotel industry is expected to maintain its growth momentum, going forward
SCOOPING UP SUCCESS
Investments are hot, but innovation and competition are the next scoops to conquer for ice cream companies
DIG DEEPER
Investors chasing high-growth should prioritize near-term EPS explosion to justify high PE ratios, but also verify long-term business health and management before taking the plunge
SOARING AMBITIONS
Bolstered by cost advantages and government support, India's Electronics Manufacturing Services industry sets its sights on a $100 billion slice of the global market by 2026
TARGET IN SIGHT
Government policies and private sector involvement have propelled India's defence exports to new heights, putting the seemingly ambitious $5 billion target firmly within reach
PLAYING THE LONG GAME
Small and mid-cap surge in India raises regulatory concerns, but long-term investors with risk strategies may benefit from these volatile stocks given positive economic and interest rate forecasts
MAGNIFIED PRESSURE
While the asset quality of banks is anticipated to remain largely stable, challenges persist in the form of mobilizing deposits and peaking profitability
OPPORTUNITY KNOCKS, BUT CHALLENGES AWAIT
INDIA'S BOOMING PE MARKET ATTRACTS INVESTMENTS IN CONSUMER AND INFRASTRUCTURE, BUT CHALLENGES LOOM. CAN FIRMS PRIORITIZE VALUE CREATION TO NAVIGATE THE RISKS?
