Charlie Munger Archives - Page 2 of 3

Charlie Munger Explains How Warren Buffett Outperforms the Market

Investing can seem like an intricate puzzle, a game where the brightest minds compete, each leveraging their unique strategies and insights. So, when it comes to consistently outperforming the market, few people could offer more valuable insights than Charlie Munger, the long-term business partner of Warren Buffett at Berkshire Hathaway. In an insightful question-and-answer interview, […]

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Two Golden Rules of Competitive Advantage: Charlie Munger

Investments / Steve Burns

In the ever-evolving business landscape, understanding the underpinnings of competitive advantage is crucial. Few individuals grasp this concept better than Charlie Munger, renowned investor and vice chairman of Berkshire Hathaway. In this article, we will delve into the two guiding principles that have steered Munger’s remarkably successful investment strategy and two other edges that Buffett

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Charlie Munger: Advice You Need to Become Wealthy

Wealth / Steve Burns

In the world of investing, there are few names as highly regarded as Charlie Munger. As the long-time business partner of Warren Buffet. Munger has made a significant impact on the investment world. His wisdom and insights are sought by many aspiring investors, with his philosophies providing much-needed guidance for those seeking the path to

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Permutations, Combinations, and Probability

Permutations, Combinations & Probability (16 Word Problems)

Business / Steve Burns

“And the great useful model, after compound interest, is the elementary math of permutations and combinations.” – Charlie Munger. What did Munger mean by this quote? Permutations and Combinations Charlie Munger, the long-term business partner of Warren Buffett at Berkshire Hathaway, is known for his emphasis on mental models—frameworks for understanding and interpreting the world.

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8 Charlie Munger’s SMARTEST FRUGAL LIVING Habits YOU Need to Start NOW

8 of Charlie Munger’s Smartest Frugal Living Habits You Need to Start Now

Personal Finance / Steve Burns

In the world of investing, few names command as much respect and admiration as Charlie Munger, the vice chairman of Berkshire Hathaway. While Munger is best known as a genius with his investment strategies, his philosophy extends far beyond the stock market. Munger’s frugal lifestyle and habits provide valuable insights for anyone seeking to manage

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Warren Buffett and Charlie Munger on Risk and Probability

Warren Buffett / Steve Burns

The following is a transcript from a Berkshire Hathaway meeting where Warren Buffett was asked about his views on risk management for his company. He gave a thorough and detailed explanation of his thoughts on risk and probability. “Can you please elaborate on your views on risk? You clearly aren’t a fan of relying on

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The Most Powerful Mental Model: Inversion

Success / Steve Burns

Ever think about how you make decisions? We’re all guided by mental models, unseen frameworks that shape our thought processes. In this blog post, I’ll introduce you to a useful one – Inversion. A powerhouse of a mental model, it’s like flipping your perspective upside down and viewing the world from a completely different angle.

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Charlie Munger: The Secrets To Becoming Rich

Wealth / Steve Burns

Charlie Munger is a name that should be familiar to anyone interested in investing or business. As the long-time business partner of Warren Buffet, Munger has been instrumental in building one of the most successful companies in the world. Despite being 99 years old, Munger is still an active investor and is often sought after

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Charlie Munger: How to Invest During a Recession

Investing, Recession / Steve Burns

Charlie Munger sees our current market environment to be much like the 1970s when inflation was running high and the Federal Reserve had to get inflation down at all costs, even if it led to a recession. “Well, when Volker, after the seventies, took the prime rate to 20% and the government was paying 15%

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Current Charlie Munger Portfolio 2022: Q2 Update

net worth, Portfolio / Steve Burns

Up Charlie Munger worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. He’s originally from Omaha and left to attend the University of Michigan to become a meteorologist in the army during World War II. He

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