12 Investment Lessons from the Final Interview with Charlie Munger, The Great, Polymathic Investor

#finallessons #finalinteriew #investment #wisdom #charliemunger #warrenbuffett #berkshirehathaway

The great, polymathic Charles Munger (born January 1, 1924), passed away on (November 28, 2023).

In this video, we provide 12 investment lessons from his final interview with CNBC’s Becky Quick, two weeks before his passing:

1. Lawyers and other professionals can be great investors too
2. When modeling your hero, pick what is suitable for you. For CM, it’s financial life and regular life.
3. Watch out also for successful companies that can fail
4. Invest in areas where you have advantage in assessing the odds
5. Sit on your ass, invest boldly, and sit on your ass again
6. There are less low hanging fruits where everybody’s doing the same thing
7. Concentrate investment decisions on the best investor
8. Successful investing with admirable people is joyful and fun
9. All great records are partly work, partly talent, and partly luck
10. Beware overhyped companies
11. In today’s world, a 6% return is not guaranteed by the stars
12. With what you have, work a bit smarter, quicker, harder, and compound longer

Please watch until the end to learn the investment lessons.

Charlie Munger was Vice-Chairman of Berkshire Hathaway, from 1978 until his demise in 2023. Warren Buffett described Charlie Munger as his right-hand man and closest partner, and the "Architect" of modern Berkshire Hathaway's investment philosophy with Warren Buffett himself as the General Contractor.

Charles Thomas Munger is a wise, perspicacious, and witty American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cuts to the chase, and often which his unique sense of humor. He is the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation.

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