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Charlie Munger dead at 99.


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Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died on Tuesday morning.

Munger was 99, and would have turned 100 on Jan. 1.

Munger had been a Berkshire vice chairman since 1978.

 

 

https://nypost.com/2023/11/28/business/charlie-munger-berkshire-hathaway-vice-chairman-dead-at-99/

 

50.04% of BRK/B is invested in Apple.

About 80% is invested in top 5 holdings.

Brk/B vs S&P 500, 10 years:

Screenshot 2023-11-29 052751.png

Screenshot 2023-11-29 054715.png

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wow, look at that chart. it keeps going up and up and up and up.

 

why do people worship someone who "claims" to be worth 100 billion dollars?

does no one think crass obscene materialism is a problem when there is so much inequality and poverty out there?

 

should people get filthy rich not actually contributing anything to society, but playing with graphs on a computer all day?

RIP charles. 

 

 

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4 minutes ago, save the frogs said:

wow, look at that chart. it keeps going up and up and up and up.

 

why do people worship someone who "claims" to be worth 100 billion dollars?

does no one think crass obscene materialism is a problem when there is so much inequality and poverty out there?

 

should people get filthy rich not actually contributing anything to society, but playing with graphs on a computer all day?

RIP charles. 

 

 

Forget the money, look at the achievements of the man, they are remarkable. He was told he would lose his sight so he learned brail beforehand and began to use brail as his means of communication, even though he could still see. Despite having vast wealth, he gave 98% of it away to schools, universities and charities he supported yet you see that as not contributing to society, really! As a wise old sage, for younger people wanting to learn something from others, you could do a lot worse than to read the quotes of Charlie Munger, they are priceless.

Edited by Mike Lister
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6 minutes ago, Mike Lister said:

you could do a lot worse than to read the quotes of Charlie Munger, they are priceless.

I'm sure they are.

 

99 per cent of them are probably complete BS.

 

but when he tell you the truth, he doesn't hold back the punches.

 

here he is admitting that investing in the stock market is a major scam. and he is a fund manager admitting this.

 

do you see how comical all this is? or you just don't get it?

 

it's like the Pope admitting that 95% of catholic churches are a scam. 

 

 

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1 minute ago, save the frogs said:

I'm sure they are.

 

99 per cent of them are probably complete BS.

 

but when he tell you the truth, he doesn't hold back the punches.

 

here he is admitting that investing in the stock market is a major scam. and he is a fund manager admitting this.

 

do you see how comical all this is? or you just don't get it?

 

it's like the Pope admitting that 95% of catholic churches are a scam. 

 

 

Like I said, his quotes are priceless and excellent value, everyone needs to take them onboard.

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2 minutes ago, save the frogs said:

 

try worshipping people who contribute something to society.

not people who horde vast amounts of wealth that they bamboozled from suckers. 

 

There's no worship involved, I'm simply pointing out that he was a very intelligent man who was extremely successful and that his wisdom is something to be admired. If you don't like those things, deal with it and don't take shots at me for admiring his positive traits.

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8 minutes ago, save the frogs said:

I'm sure they are.

 

99 per cent of them are probably complete BS.

 

but when he tell you the truth, he doesn't hold back the punches.

 

here he is admitting that investing in the stock market is a major scam. and he is a fund manager admitting this.

 

do you see how comical all this is? or you just don't get it?

 

it's like the Pope admitting that 95% of catholic churches are a scam. 

 

 

Everything is a scam

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37 minutes ago, save the frogs said:

wow, look at that chart. it keeps going up and up and up and up.

 

why do people worship someone who "claims" to be worth 100 billion dollars?

does no one think crass obscene materialism is a problem when there is so much inequality and poverty out there?

 

should people get filthy rich not actually contributing anything to society, but playing with graphs on a computer all day?

RIP charles. 

 

 

Your comments are ridiculous. All people investing their money with him are happy because he made them wealthy. And as others pointed out he gave most of his money to charity. You are only grumpy because you missed the chance to invest with Berkshire.

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Just now, bkk6060 said:

Charlie Monger was another one of these old man they put on CNBC who can hardly talk and embarassed himself.  He obviously was smart and trusted by his boss.  Certainly has been wrong about Bitcoin though.

You should go do some reading up before you comment on the man.

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50 minutes ago, save the frogs said:

 

 

not people who horde vast amounts of wealth that they bamboozled from suckers. 

 

Sounds like Berkshire and the likes saw you coming from a mile away. Have you ever spotted the sucker in the room?

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1 hour ago, Thailand J said:

Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died on Tuesday morning.

Munger was 99, and would have turned 100 on Jan. 1.

Munger had been a Berkshire vice chairman since 1978.

 

 

https://nypost.com/2023/11/28/business/charlie-munger-berkshire-hathaway-vice-chairman-dead-at-99/

 

50.04% of BRK/B is invested in Apple.

About 80% is invested in top 5 holdings.

Brk/B vs S&P 500, 10 years:

Screenshot 2023-11-29 052751.png

Screenshot 2023-11-29 054715.png

Not discrediting Charlie Munger or Warren Buffett, but anyone who entered into an ETF for the S&P in 2014 would have had a similar result, no? Berkshire Do create wealth, but it can be a might sight easier to do so with a serious bankroll. A big bankroll creates its own financial gravity that people tend to flock to.

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4 minutes ago, LS24 said:

Not discrediting Charlie Munger or Warren Buffett, but anyone who entered into an ETF for the S&P in 2014 would have had a similar result, no? Berkshire Do create wealth, but it can be a might sight easier to do so with a serious bankroll. A big bankroll creates its own financial gravity that people tend to flock to.

You would need to go way back before 2014, even before ETF's were created t achieve the same thing. Buffet started investing in BH in 1963.

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9 minutes ago, Mike Lister said:

You would need to go way back before 2014, even before ETF's were created t achieve the same thing. Buffet started investing in BH in 1963.

I am aware of that Berkshire's timeline. I quoted the first post and the graph started at 2014. That is what I referred to.

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I thought this was going to be another tale of Pattaya.

 

Buffett and his ilk, all claim to be giving vast swaths of their wealth to charity, mainly after their death, but somehow still manage to retain more personal assets than most countries. Certainly way more than one individual or family could ever need.

Munger seems to have been an exception. He died with just a couple of billion in shares.

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99.7% of Buffetts wealth was created after the age of 52 --The system here is – starting at a very early age In other words, more the number of years, the better – as compounding begins to show its power with time.

Buffett started at the age of 11 and continuing well beyond the age of retirement.

 

 

Bezos once asked him--your style is so simple, why dont people just copy you?

 

Buffetts answer was----Because, Nobody wants to get rich slowly:

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7 hours ago, save the frogs said:

does no one think crass obscene materialism is a problem when there is so much inequality and poverty out there?

Not at all.  What "inequality" are you referring to?  You're not suggesting that the successful rich should give their assets to the unsuccessful poor, are you?

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10 hours ago, save the frogs said:

wow, look at that chart. it keeps going up and up and up and up.

 

why do people worship someone who "claims" to be worth 100 billion dollars?

does no one think crass obscene materialism is a problem when there is so much inequality and poverty out there?

 

should people get filthy rich not actually contributing anything to society, but playing with graphs on a computer all day?

 

Must all be Munger quotes. Here's another.

“Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.”

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