RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 10 December 2023

⏱️ 132 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this special tribute, William Green celebrates the life & legacy of investing legend Charlie Munger. He shares personal anecdotes about his own interactions with Charlie & showcases an array of rich insights about Charlie from four famed investors: Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis. They share some of Charlie’s most valuable lessons about investing, business, & life while also conveying what made him such an inspiring & idiosyncratic character. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:18 - What it was like for William Green to interview Charlie Munger. 10:07 - What William learned from Charlie about trying to be less stupid. 37:14 - How Charlie’s friendship changed Mohnish Pabrai’s life. 4:48 - What was distinctive about Charlie’s reading habits. 55:59 - How his hard, brusque exterior concealed a soft, sensitive interior. 1:04:50 - Why it’s a huge competitive advantage to be trustworthy. 1:22:50 - How Warren Buffett & Charlie Munger surpassed General Electric. 1:33:36 - Why it’s invaluable to have a partner who challenges your beliefs. 1:37:17 - What Charlie taught Chris Davis about how to learn from our mistakes. 1:49:17 - How to succeed by structuring your life to avoid your weaknesses. 1:55:30 - How Charlie was different from Warren. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Poor Charlie’s Almanack by Charles T. Munger & Peter D. Kaufman Listen to William Green’s podcast interview with Mohnish Pabrai or watch the video. Tune in to William Green’s podcast interview with Tom Gayner or watch the video. Listen to William Green’s podcast interview with Chris Davis or watch the video. Tune in to William Green’s podcast interview with Joel Greenblatt or watch the video. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book Follow William Green on X (AKA Twitter) Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River AlphaSense Wise American Express Business Gold Card Shopify Toyota Ka’Chava Glengoyne Whisky Babbel Alto Linkedin Marketing Solutions Noble Gold Investments Vanta Efani Monetary Metals Salesforce Notion AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:02.0	Hi folks, welcome to the Richer Wiser Happier Podcast.
0:06.0	It's good to be back with you again.
0:08.0	As you know, we've lost one of the undisputed giants of the investing world a few days ago.
0:13.4	Charlie Munger passed away at the amazing age of 99 on November 28th, just 34 days short of
0:20.9	his 100th birthday. Charlie was one half of the greatest investment
0:25.8	partnership in history. He and Warren Buffett built Berkshire Hathaway into an iconic
0:31.2	company with a market value of almost 800 billion dollars but beyond the
0:36.9	numbers Charlie was an incredible teacher who just shared so much wisdom with all of us and he was also an unforgettable
0:45.6	character so I wanted to do something very different today and really do a special
0:50.2	episode that's a tribute to Charlie sharing some of the most important lessons
0:54.0	that I've learned from my own personal interactions with him both when I was working on my
0:58.8	book and interviewed him for the book but also subsequently when I spoke with him after the book came out, and I also want to share some
1:05.6	invaluable lessons that he taught four of the famous investors who've spoken with me in depth
1:11.5	on the podcast in previous episodes about Charlie. That's Monish
1:15.6	Pabry, Tom Gaynor, Chris Davis, and Joe Greenblatt. So I'm going to play you some of my favorite
1:22.3	clips in which these great investors talk to me about Charlie and then I'll add a few comments and observations of my own.
1:30.0	The purpose of this episode is twofold.
1:34.0	First in pragmatic terms, I think it's really valuable to remind ourselves of Charlie's teachings and to pound them into our minds so that we internalize them and they're truly
1:45.6	embedded in us so that they're useful to us in the most practical sense.
1:50.9	But second and maybe more important, I simply want to honor Charlie for his incredible life and mind and wisdom and the generosity of spirit that he's shown in sharing so many life enriching insights with us all.
2:05.2	He was an intellectual giant, but he was also a moral giant and an amazing role model in so many
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.