Charlie Munger: Lessons From an Investing Giant - By Jason Zweig
Money and Finance

Charlie Munger: Lessons From an Investing Giant - By Jason Zweig


One of the least appreciated virtues in investing is courage.

Filings with the Securities and Exchange Commission in March and again this month show the extraordinary gumption of Charlie Munger, Warren Buffett's business partner and vice chairman of Berkshire Hathaway.

Mr. Munger, who will turn 90 years old next Jan. 1, is a model for individual investors who wonder how they can possibly beat the professionals at their own game. The pros have more information than you, and their trading machines are faster. But you still have an edge over them—so long as you play a different game by your own, more sensible rules.

You can be patient; the pros can't. You don't have to be part of the herd; they do. Above all, you can be brave; they almost never are.

What makes Mr. Munger a model for individual investors?





- Warren Buffett, Charlie Munger, And Bill Gates On Cnbc
Links to videos: 10-year not part of my strategy: Buffett Buffett: Generally fighters not invited on boards I don't want to embarrass Coca-Cola: Buffett We will never do a hostile deal: Buffett Buffett: Mary Barra is made for the job Buffett on BofA...

- The Buffett And Munger Partnership...
Shane at Farnam Street had a great post on Michael Eisner’s book on partnerships, in which an excerpt about Buffett and Munger is worth reposting here:Munger is not the standard model for the kind of partner who prefers to lie low and fade into the...

- Berkshire, Buffett, And Munger Links
Before I leave for the Berkshire Hathaway Annual Meeting tomorrow, I thought I’d post some of the more popular and/or recent Warren Buffett and Charlie Munger links. Warren Buffett Videos from CNBC (March 2010) Berkshire Hathaway Speaks Out About Kraft's...

- Warren Buffett Takes Charge
(Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You...

- Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...



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