![]() We never wanted to give the least chance of us screwing up our basic shareholder position," Munger said on Acquired. If we used a little bit more leverage throughout, we'd have three times as much now, and it wouldn't have been that much more risk either. "Warren still cares more about the safety of his Berkshire shareholders than he cares about anything else. "It's one more ridiculous thing that's said about Berkshire," he added. He cares more about what happens to Berkshire than he cares what happens to his own money," Munger told CNBC earlier this month, rejecting a report that suggested Buffett enriched himself at the expense of his shareholders. "I don't think there's the slightest chance that Warren Buffett is doing something that's deeply evil to make money for himself.That's our system," Munger said in December 2020 at the California Institute of Technology. Sometimes we had a tailwind from the economy and sometimes we had a headwind and either way we just kept swimming. "What Buffett and I did is we bought things that were promising.He was referring to Buffett's inspired move to borrow funds at ultra-low interest rates in Japan and invest those in the Asian nation's blue-chip stocks. It was awfully easy money," Munger told the Acquired podcast in an interview released in late October. It was like having God just opening a chest and just pouring money into it. "If you're as smart as Warren Buffett, maybe two, three times a century, you get an idea like that.Here is a selection of his best quotes about the "Oracle of Omaha." Munger has often expressed admiration for Buffett's investment acumen and also defended his actions at times. Both are known for their patient, long-term approach toward investing - as well as for their frugality, longevity, and even a fondness for sweets. Their business thinking and even some personality traits appeared to have uncanny similarities. ![]() He was Buffett's long-time friend and right-hand man. Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into the towering investment powerhouse it is today, died Tuesday.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |