MONEY LESSONS FROM CHARLIE MUNGER

LEGENDARY American investor Warren Buffett’s lifelong business partner, Charlie Munger, passed away recently. You will hear a lot about him over the next few days or weeks.

- RAJAS KELKAR

Nithin Kamath of Zerodha wrote on social media highlighting the importance of Munger’s inspirational wisdom in his day-to-day life. Others highlighted the investing lessons they followed from his life. He helped Buffett build a company that stands up for investors and investing.

You are already familiar with the context if you are a direct equity investor. If you are not into that, you should not bother. You should follow the advice of your professional financial advisor. However, if you wish to learn more about investing, there are a lot of takeaways.

It is not an exaggeration if a section of investors in India are emotional about Munger and Warren Buffett. Munger was a ‘fundamental’ investor. He believed in businesses that showed consistent financial performance.