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....
"A man who wants to catch fish needs to go where there are fish. A man who wants good investments needs to go where there are great businesses at fair prices."
Focus your search where opportunities are most likely found.
Read Full Analysis →"If it's too hard, pass on to something else. I don't have to make money in every game. I just have to find a few good opportunities and be right about them."
Skip complexity and focus on obvious opportunities.
Read Full Analysis →"When a manager with a great reputation meets a business with a bad reputation, it's usually the business that wins."
Bad business economics defeat brilliant management — always bet on the business, not the manager.
Read Full Analysis →Charlie Munger has 3 key principles on stock picking. The most important one is "Fish Where the Fish Are" — A man who wants to catch fish needs to go where there are fish.
Charlie Munger applies stock picking through several key principles including "Fish Where the Fish Are" and "Simplicity in Stock Picking". These principles guide practical investment decisions and have been tested across decades of market cycles.
Charlie Munger's approach to stock picking 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.
