Charlie Munger: A Life of Wit and Wisdom Part 2 12/02/23
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 2 December 2023
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | Charlie Munger may be best known as Berkshire Hathaway's vice chairman, Warren Buffett's best friend, |
| 0:07.7 | confident and business partner for six and a half decades. |
| 0:10.9 | But Munger was also a giant in his own right. He was a scold of corporate |
| 0:15.0 | excess and greed. He preached to a large flock of devout followers about how to get along |
| 0:19.9 | and investing and in life. A Renaissance man, Munger modeled himself |
| 0:24.4 | after none other than Benjamin Franklin. He studied mathematics, physics, |
| 0:28.4 | meteorology, and engineering, and that was all before he attended Harvard Law School. |
| 0:33.3 | He trained himself in subjects like psychology and architecture. |
| 0:36.9 | Charlie passed away at the age of 99. |
| 0:39.1 | That was just one month shy of his 100th birthday, |
| 0:41.8 | and it was two weeks after our last interview with him. |
| 0:45.3 | I'm Becky Quick of CMC, co-host of Squackbox. |
| 0:48.9 | This is Charlie Munger, a life of wit and wisdom. |
| 1:00.0 | All the great records are partly work, partly talent, and partly look. That's what you expect to win. |
| 1:05.0 | With this many people in the game of investment, |
| 1:09.0 | of course the big winners are going to be people who get luck and who get work and talent and luck. |
| 1:20.0 | That's what we've had. |
| 1:22.0 | What was interesting about Berkshire's history is what turned the first |
| 1:28.6 | 300 million dollars of Berkshire net worth into the first three billion dollars |
| 1:37.4 | of Berkshire net worth. Now some people have now gone back and checked all |
| 1:40.9 | figures but some people people figured it out. But the way we, the |
| 1:46.4 | results we got in turning 300 billion into 3 billion really quickly helped us a lot. What was it? |
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