449- Charlie

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 20 December 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this bittersweet episode of InvestED, Phil and Danielle come together after taking some time to reflect on the impact of Charlie Munger, both in the financial world as well as in their own personal lives and investing journeys. The loss of such a magnanimous figure will surely leave a void in the value investing community, but as Li Lu penned in his eulogy for Munger (link below), the man’s contributions to the collective understanding of investing practice will be felt utilized and pored over for generations to come. Looking back on a life of great successes, philanthropy, and pithy wisdom that has inspired so many great investors to reach new heights, we have nothing to add. For help following Charlie’s process of finding new companies to invest in, click here for Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje Topics Discussed: Investing as enlightenment Munger’s aphorisms EBITDA Modern Portfolio Theory Resources Discussed: Li Lu’s eulogy for Charlie Munger Autobiography of a Yogi Munger’s BBC interview Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Oracle. AI may be important, but it needs a lot of processing speed, and that gets expensive fast, upgrade to the next generation of the cloud.
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0:24.8	Brakes Mosaic. Take a free test drive at oracle.com
0:28.6	slash enhance. Hey everybody this is Phil Town and this is Daniel Town.
0:43.7	Welcome to the invested podcast we are really happy you're here.
0:47.7	End of the year 2023
0:50.4	Phe out the door.
0:52.2	Yeah. And wow, what a what an really amazing intense year and one of the really
1:02.1	intense things that happened is Charlie Munger passed away at 99.99 years old.
1:08.0	Charles almost made it to 100.
1:12.0	He was a few days short.
1:15.0	Is that true?
1:17.0	He was a few days short, I didn't know that.
1:18.0	Yeah, I think his birthday is like the first or second or something like that.
1:21.0	He passed away at the end of November and God I don't know I'm
1:26.5	curious to hear how you felt because you've been around this world longer than me
1:30.6	but it felt like a real shock to me.
1:36.5	Just like I'd lost a loved one.
1:39.1	Yeah, like family.
1:40.7	Yeah.
1:41.8	And I hope I'm not being melodramatic or making this up or being too much of a groupie, but really, you know, a lot of us took the time to go visit or to go see Charlie when he was when he would
1:55.2	speak right Charlie and Warren and much of the reason why we would do that is
	...

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