Munger

A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause

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A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear. During Buffett’s company, Berkshire … Read more

Your net worth will ‘go crazy’ once you pass this money milestone — even Charlie Munger said you can ‘ease off the gas’ once you get there. Here’s the magic number and how to hit it

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Your net worth will ‘go crazy’ once you pass this money milestone — even Charlie Munger said you can ‘ease off the gas’ once you get there. Here’s the magic number and how to hit it Young Americans can get a one-way ticket to the millionaire club by tapping into the power of compounding. It’s … Read more

Munger and Buffett were unable to pull off one last deal together

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JOHANNES EISELE | AFP | Getty Images Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway, with nearly $160 billion cash, will find its elephant one day. “We have $160 billion in cash, plus a great credit rating we deserve. … Read more

Munger said Berkshire would be worth more if he and Buffett levered up

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Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when buying businesses and common stocks. … Read more

Charlie Munger, investing sage and Warren Buffett’s confidant, dies

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Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate said it was advised by members of Munger’s family that he peacefully died this morning at … Read more

Charlie Munger says that your first $100K is the hardest to earn — however most vital for constructing wealth. This is why it is such a magical milestone

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‘It is a b—-, however you gotta do it’: Charlie Munger says that your first $100K is the hardest to earn — however most vital for constructing wealth. This is why it is such a magical milestone Ah, the candy sound of six figures. Revered funding and cash administration consultants agree that amassing your first … Read more