What Charlie Munger Added to Berkshire That Ben Graham Never Could
byI used to think Munger simply replaced Graham. For decades, the standard narrative of modern value investing has been told as a clean, linear…
Legends
Why Charlie Munger Was Berkshire Hathaway’s Hidden Operating System
byI used to think Charlie Munger was simply Berkshire Hathaway’s chief philosopher—the man who sat on a stage in Omaha, tossed out witty aphorisms…
Charlie Munger on Buying Wonderful Businesses Instead of Cheap Cigar Butts
byI used to think the Charlie Munger upgrade was simply: buy better companies. It’s the standard line parroted across every corner of the financial…
Charlie Munger’s Philosophy vs Modern Markets: What Still Works and What Ages Poorly
byThe word “timeless” is a lazy word in finance. It gets slapped onto every investing legend’s philosophy as if their strategies exist in a…
Charlie Munger’s Biggest Investing Mistakes and What They Reveal About His Blind Spots
byStudying an investing legend’s greatest victories is an easy way to fall into a classic trap: attribution bias. When a strategy delivers decades of…
When Charlie Munger Was Wrong: The Forensic Case Against Hero Worship
byI used to think that the ultimate danger in studying Charlie Munger was simply a structural mismatch—the gap between his permanent, corporate-backed capital and…
Charlie Munger’s Portfolio Style vs Modern DIY ETF Investing
byI used to think that to invest like Charlie Munger, I just needed to look at his portfolio holdings, buy a few great companies…
Charlie Munger on Valuation: Why Price Still Matters Even for Great Businesses
byI used to think the Charlie Munger style upgrade was simple: if you find a truly magnificent business with an ironclad moat, you should…