Charlie Munger on Holding vs. Selling Stocks (Simple Investment Strategy)

In this episode, Charlie Munger was asked how does he think about downside protection and how does he know when to exit an investment?

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This is Daily Journal Annual Meeting with Charlie Munger on February 14, 2019.

☆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.

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Charlie Munger on Holding vs. Selling Stocks (Simple Investment Strategy)

[leverage]

But I thought Charlie did a lot of stock flipping earlier in his career when he had smallers sums to invest?

[BadddDoggg-idpo]

'Buy and hold for life...'. That works great until you die, then you end up with $2 billion dollars in stocks that won't do you no good, you can't take it with you so what's the point! 🤣🤣🤣🤣🤣🤣🤣🤣