Investing and Life Lessons from Charlie Munger

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 29 November 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

We celebrate one of the greatest investors of all time by talking about our favorite Mungerisms and the lessons we’ll carry forward from Poor Charlie. (00:21) David Meier and Dylan Lewis discuss: - Some of their favorite Mungerisms on investing and life. - Berkshire’s incredible performance in his time with the company. - The best thing you can do to celebrate his life today – read a book. Companies discussed: BRK.A, BRK.B, AAPL Check out The Morning Show’s conversation about Charlie Munger here (must be a paid member of a U.S. Motley Fool service to access) Host: Dylan Lewis Guests: David Meier Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	To quote the great man, I think that a life properly lived is just learn, learn, learn, all the time
0:10.0	motley full Money starts now. I'm Dylan Lewis.
0:13.0	I'm Dylan Lewis and I'm joined over the airwaves by Motley Phil analyst David Meyer.
0:24.0	David, thanks for joining me.
0:26.0	Thanks for having me.
0:27.0	It's great to be here.
0:28.0	Today we are going to celebrate one of the greatest investors of all time.
0:32.0	This week, Charlie Munger, Vice Chairman of Berkshire Hathaway
0:34.9	and Warren Buffett's right-hand man passed away at the age of 99 and David Munger was a source of
0:40.6	wisdom and humor for the investing community and the business world for such a long time.
0:45.0	We were going to spend today's show kind of talking through his impact, his legacy, some of the lessons that will carry forward.
0:51.0	And I feel like the best place to start that conversation
0:54.7	is probably his mongarisms and some of his writings. I gave one in the intro of the
0:59.8	show but he is so notable and so quotable. I'm curious what is something that has stuck
1:04.2	out to you from the past? Yes so for those of you that don't know me I was actually
1:08.9	an engineer before I joined the Motley Fool and the quote that has always stuck with me from Munger is
1:17.5	invert always invert so why would that you know why would that be?
1:24.0	Well, I can tell you, having tried to solve a lot of engineering problems, many times the
1:30.1	insight always came from, I know what the answer is, let me figure out what I need to do in order to get there.
1:37.2	And that is exactly what he's talking about.
1:40.0	Look, especially with investing, like,
1:43.3	imagine you want a business to be great, right?
	...

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