Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American businessman, investor, and philanthropist. He served as vice chairman of Berkshire Hathaway and was Warren Buffett's closest partner for over five decades. Munger was renowned for his multidisciplinary approach to investing, advocating for the use of mental models from various fields including psychology, economics, physics, and biology....
"The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple."
Make large concentrated bets when odds are overwhelmingly favorable.
Read Full Analysis →"The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds."
The wise investor bets big when the odds are overwhelmingly in their favor.
Read Full Analysis →"The concept of opportunity cost is the most basic idea in economics."
Every choice has a hidden cost — the best alternative you gave up to make it.
Read Full Analysis →Charlie Munger has 3 key principles on buying principles. The most important one is "A Few Big Bets" — The wise ones bet heavily when the world offers them that opportunity.
Charlie Munger applies buying principles through several key principles including "A Few Big Bets" and "Waiting for the Fat Pitch". These principles guide practical investment decisions and have been tested across decades of market cycles.
Charlie Munger's approach to buying principles is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Charlie Munger provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
