Compilation of Memorable Tweets & Quotes by Charlie Munger
Best known for his role as vice-chairman of the multinational powerhouse Berkshire Hathaway, Charles "Charlie" Munger is often overlooked for his overwhelming contributions to the world of investing. From studying meteorology at Caltech to acquiring a law degree from Harvard, Munger is well-known for creating interdisciplinary models to tackle complex scenarios in the world of investing.
Collectively with Warren Buffet, the two men have gone onto create an entity with over $750 billion (March, 2020 figures) by simply being able to identify & invest in extremely prosperous companies at the right time. Their company portfolio boasts massive holdings in household staples like GEICO, Duracell, Kraft & American Express to name a few.
Although emulating his heavily "rational" outlook can be challenging, we could aim at pinpointing specific principals to apply within our investing philosophy. The best way to begin doing so would include compiling his most memorable teachings. And luckily that's exact what we've done for you...
A compilation of memorable quotes by seasoned investor Charles "Charlie" Munger:
1) “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
2) “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
3) “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
4) “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
5) “An investor should act as though he had a lifetime decision card with just twenty punches on it.”
6) “In the business world, the rearview mirror is always clearer than the windshield.”
7) “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
8) “Remember that the stock market is a manic depressive.”
9) “Price is what you pay. Value is what you get.”
10) “Never invest in a business you cannot understand.”
Munger's investment philosophies are centered around finding the correct investments for long-term holdings. Their company portfolio emphasizes such principals by investing in simple everyday brands from food processing to finance.