The Charlie Munger Principles to Invest and Live By
The iconic investor left a lengthy record of the keys to his success, delivered with his trademark bluntness and humor.
Charlie Munger, one of the world’s most revered investors, passed away on Nov. 28, 2023.
Photographer: Houston Cofield/Bloomberg via Getty Images
Charlie Munger, who worked with Warren Buffett to build Berkshire Hathaway Inc. into a global investing powerhouse, died Tuesday at the age of 99. Among his many contributions, Munger was a prolific armchair philosopher, whose speeches and interviews included hundreds — maybe thousands — of nuggets about how to invest and live well.
Blunt, witty and scholarly in his assessments, here’s my distillation of the Munger philosophy and how he lived by it. The overarching principles are mined from his remarks at Berkshire shareholder meetings and his classic 2007 commencement address to the USC Gould School of Law, which can be found here.