âThe blueprint he gave me was simple: forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.â - Warren Buffett
In an age where we too quickly crown the an entrepreneur as a genius we forget the people who focus on fundamentals and have a track record in the multiple decades.
Rip legend the second I came on and seen the title thread I knew it hapoend :(. Itâs always before Xmas, sad times.
Itâs so weird that I followed these two giants since I started investing but never bought into berkshire hathaway, the second I did you know when you get that feeling, well I had that feelingâŚ
But he had a great life, such a comdean in his manners, hopfully Warren is OK, I know how much Charlie meant to him.
Whatever happens from now they both had amazing lifeâs, I could listen to their stories all day, and will contuine to for the rest of my life.
They always gave great insight to the markets the way everything works with added comedisnshio intertwined.
Anyways Rip Grampa Munger may you enjoy your comes, and crunchy foods up in heaven.
Personally, Iâd be ashamed and see it as a massive personal failure to die as a billionnaire without having allocated it all to needy causes before I perished; and I donât mean constructing a university building with my name on it.
I think itâs that mindset which means Iâll never get to be a billionnaire (among other reasons!).
Munger didnât seem to be amongst the worst or most egregious and offensive billionnaires but whilst I wonât celebrate his death I also wonât be mourning the demise of someone who accumulated so much whilst so many have so little.
Oh Charlie⌠I typed picked âconstructiong a university building with my name on itâ as clichĂŠd example of rich person charitable giving. I didnât actually know heâd tried to do it. Gross.
MacKenzie Scott, ex wife of the purtid Jeff Bezos, does amazing philanthropy with no fanfare or ego stroking MacKenzie Scott - Wikipedia
Although I agree with you in part, living up to 99 years with a relatively big public profile and not having any scandals or people saying bad stories about you, it is by itself a great achievement.
Some people help others without making it public, and thatâs how it should be.
Itâs worth underscoring that Munger has intentionally pared his Berkshire stake to fund his charitable giving. For example, he donated 77 A shares worth about $40 million to a library and art gallery just this month.
âIâm deliberately taking my net worth down,â he told The Omaha World-Herald in 2013. âMy thinking is, Iâm not immortal,â he continued, âand I wonât need it where Iâm going.â
Charlie Mungerâs wisdom was truly timeless. His focus on rational thinking and long-term planning has shaped my approach to investing. He always knew how to simplify complex ideasâsuch a legend. Rest in peace. On a lighter note, if anyone needs a little break from the serious talk, I love checking out funny sites like https://allfunnypuns.com/. Whatâs the biggest lesson youâve taken from Munger?