Charlie Munger's Candid Story: 'Making $1 Million Shorting and Why I Quit' | DJ 2023 【C:C.M 282】

Delve into the candid story of Charlie Munger, the renowned investor, as he recounts his experience of making $1 million through shorting and why he ultimately decided to quit. Munger shares the details of his successful short sale, shedding light on the factors that contributed to his substantial profit. He also opens up about the challenges and frustrations he encountered during the shorting process, offering valuable insights into the realities of this investment strategy. Join us as we unravel Munger's journey, gaining a deeper understanding of the motivations behind his decision to step away from shorting.

Charlie Munger's Recommended Book List:

► Video Transcript & YAPSS Takeaway:
This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2023.

☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

YAPSS Playlist – Collection: Charlie Munger:

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Charlie Munger's Candid Story: "Making $1 Million Shorting and Why I Quit" | DJ 2023 【C:C.M 282】

[leverage]

I like this guy. Other people would try do all sorts of irritating things to earn just 100, 000 dollars or less.. Charlie won't do something irritating again even if it earns him a million dollars.

[wildreams]

Guys, we got him.

(shorting the British pound in 1992 with Soros).